ROLLUP: 4th Week of February (BIG DIP, NFT Culture, Coinbase IPO, Ethereum Jobs)
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 26 February 2021
⏱️ 86 minutes
🧾️ Download transcript
Summary
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MARKETS
BTC Price
$50k - Dip after breaking $58k
ETH Price
Broke $2k - Hanging in mid-$1600s with Dip
TVL in DeFi
Peaked at $43B - Now at $35B
$DPI - $370
Biggest Day Ever for DEX Volume
https://twitter.com/duneanalytics/status/1364473902177677313?s=21
DeFi Pulse Releases New Cryptodollars Page
https://twitter.com/defipulse/status/1364310453959200780?s=20
Retail Isn’t Here Yet
https://twitter.com/lawmaster/status/1364941277129768964?s=20
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RELEASES
Optimism dope hires
https://twitter.com/optimismPBC/status/1364705156705579009
Andreessen Horowitz on Optimistic Rollups
https://a16z.com/2021/02/24/investing-in-optimism/
Dydx Layer 2 w/ ZK-Rollup
https://dydx.exchange/blog/alpha
Chainlink Saving Massively on Gas
https://decrypt.co/59244/chainlinks-latest-upgrade-a-rapid-evolution-for-defi-ceo-sergey-nazarov
Balancer Aave Partnership
https://medium.com/balancer-protocol/balancer-partners-with-aave-to-build-the-first-v2-asset-manager-d9c173330151
Zapper NFT Dashboard
https://twitter.com/DeFi_Dad/status/1364308685753843726?s=20
Alchemix
https://twitter.com/AlchemixFi/status/1363658484303097858
Tim Beiko proposal for EIP1559 inclusion in London ETH 1 hard fork
https://github.com/ethereum/pm/issues/254
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NEWS
Fedwire goes down
https://www.cnbc.com/2021/02/24/the-feds-system-that-allows-banks-to-send-money-back-and-forth-is-down.html
Coinbase Files To Go Public
https://twitter.com/lawmaster/status/1364918649425973249?s=20
Nyan Cat NFT sells for 300ETH
https://foundation.app/NyanCat/nyan-cat-219
Alpha / Cream Repaying Funds
https://blog.alphafinance.io/joint-announcement-on-funds-repayment/
South Korea Bans Privacy Coins from Crypto Banks
https://news.bitcoin.com/south-korean-financial-regulator-confirms-privacy-coin-delistings-adds-new-guidelines-to-report-unusual-transactions
Square Buys $170mm BTC
https://twitter.com/DeItaone/status/1364319316750061570
MicroStrategy Buys $1.026B BTC
https://www.coindesk.com/microstrategy-buys-billion-dollars-bitcoin
Tether & Bitfinex New York Settlement - $18.5mm
https://www.theblockcrypto.com/post/95207/bitfinex-tether-new-york-ag-settlement-lawsuit
Brave Wallet + DEX Aggregator - Doubling down
https://twitter.com/brave/status/1364296807614930948?s=20
SoRare Professional Soccer (football) NFT Platform
https://sorare.com/
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TAKES
Michael Burry (Big Short) On Inflation
https://markets.businessinsider.com/currencies/news/big-short-michael-burry-warns-inflation-bitcoin-gold-hedge-risk-2021-2-1030102452
NFT Inflection Point
https://twitter.com/jbrukh/status/1364785907379941377?s=20
Emotional Robbery by Web2 platforms
https://twitter.com/TrustlessState/status/1364786359932575745?s=20
Current Prices are the bottom of next Bear Cycle
https://twitter.com/cburniske/status/1363189837675646977?s=20
Ethereum the Employer
https://twitter.com/TrustlessState/status/1364603328601022467?s=20
Ryan's Jaded About Delegated POS
https://twitter.com/ryansadams/status/1364789743054159876?s=21
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MEME
L2 Implementers Assemble
https://twitter.com/Crypt0xWife/status/1364044469323128833?s=20
I am Groot
https://twitter.com/Crypt0xWife/status/1363325351724806145?s=20
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | All right, everyone. Welcome to the weekly roll up. This is the last week of February, the |
| 0:19.0 | fourth week of February. David, what do we do on these weekly roll ups? |
| 0:23.1 | We roll up the full week of crypto, which is always an ambitious endeavor. First, we |
| 0:28.6 | start with the markets. What are the markets saying? Then we go into releases, what got released |
| 0:33.5 | in the last week of crypto. Then we go into the news, what happened in the news cycle. |
| 0:37.6 | Then we get into some ecosystem takes, who had some interesting opinions over the last week. |
| 0:43.2 | And then lastly, we get into what David and Ryan are excited about. And then we top things off |
| 0:49.1 | with the meme of the week. I like how you fit that in, David. Are you ready to start? Let's get |
| 0:54.4 | going with markets. You ready? Absolutely. So again, so much happened in markets. Let's get into it. |
| 1:00.1 | All right. Let's roll them up markets. Let's start with Bitcoin. What is going on with Bitcoin? |
| 1:04.8 | It was up. And now it's down. What's happening? Bitcoin topped out at $58,300. And now it is at |
| 1:14.1 | the low, low price of $49,100. I feel like this is our biggest correction in the crypto markets. |
| 1:22.6 | This entire quote unquote bull run ever since like the end of DeFi summer. So DeFi summer |
| 1:27.8 | had happened. And then that was a pretty big correction. We had like a quote unquote like two |
| 1:32.7 | month bear market. This is mostly a facetious joke. But that was like the kind of the last time we |
| 1:39.0 | ever had any big correction ever since then. It's been basically there's a linear up into the right |
| 1:44.4 | trend. And but finally, we got this big correction both in Bitcoin and in Ether prices. But |
| 1:50.4 | the trend is still your friend. The trend is still here. We're still looking good over the long |
| 1:54.1 | term. David, we've been told to respect the pump. I think we've got to respect the dip, |
| 1:59.3 | my friends. Sometimes these dips happen. This is perfectly normal during a bull market. You're |
| 2:03.7 | going to see 30%. You're going to see 40% dips. Sometimes a little bit higher in previous bull |
| 2:09.0 | markets that happen three or four times before the end of it. This does not necessarily mark the end |
... |
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