ROLLUP: 4th Week of January ($GME, Robinhood RANT, WHY WE DEFI)
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 29 January 2021
⏱️ 92 minutes
🧾️ Download transcript
Summary
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MARKET
BTC
$32,500, hanging in the low 30,000’s
ETH
$1480 (New High)
High-Highs, Lower Lows
TVL in DeFi: 26.5B
$DPI: $290
DPI/ETH 1-Day Chart!
https://www.tradingview.com/symbols/DPIWETH/?exchange=UNISWAP
Corrections
- Avg correction in bull market is 35%
- Every quarter has a correction
- Expect them
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RELEASES
ETH 2.0 available on Bitfinex
https://twitter.com/bitfinex/status/1352293087045947394?s=20
L2 is Coming
https://twitter.com/StaniKulechov/status/1351952652612067328?s=20
Coinbase offers secondary shares
https://www.theblockcrypto.com/linked/92251/coinbase-offer-secondary-market-private-shares-nasdaq
Kyber v3 launched a bunch of thing...focused on LPs
https://blog.kyber.network/kyber-3-0-architecture-revamp-dynamic-mm-and-knc-migration-proposal-acae41046513?gi=769375436a6f
Alpha Homora v2
https://newsletter.banklesshq.com/p/how-to-boost-your-yield-farming-reward
Vitalik’s Holy Grail for Rollups
https://twitter.com/StarkWareLtd/status/1354061268731179010?s=20
Comparing Layer 2 Solutions
https://indexed.wtf/
Uniswap WBTC-ETH and USDC-ETH LP Token Vaults are Live
https://twitter.com/nomos_paradox/status/1354280885936250881?s=21
https://vote.makerdao.com/executive/collateral-onboarding-debt-ceiling-adjustments-other-changes?network=mainnet#proposal-detail
https://daistats.com/#/
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NEWS
Track Placeholder Ventures on Chain
https://messari.io/screener/placeholder-ventures-portfolio-AD10BC17
Public Company buys BTC (Marathon Patent Group)
https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves
MicroStrategy bought even more BTC
https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/Form-8-K_jan-22-2021.pdf
Yellen on Cryptocurrencies
https://www.theblockcrypto.com/linked/92028/yellen-treasury-senate-cryptocurrencies?utm_source=cryptopanic&utm_medium=rss
Miami Mayor is hot for BTC
https://twitter.com/FrancisSuarez/status/1354488469091975168
ConsenSys partners with BSN (China)
https://www.coindesk.com/ethereum-based-consensys-quorum-partners-with-chinas-bsn-blockchain
Dot’s popularity in China
https://decrypt.co/55163/polkadot-china-hottest-crypto
DyDx raises $10mm Series B Funding
https://t.co/uZ2wFoyv3e
Genesis did $20B in Lending in 2020
https://info.genesistrading.com/hubfs/Genesis%20-%20Quarterly%20Reports/Genesis%20Q4%20Report.pdf
DyDx did $18B in Lending in 2020
https://drive.google.com/file/d/1j2IIXIfGOnfiwfVDlK8RORa6jbsBjp52/view
Mark Cuban & Soulja Boy minting NFT’s
Cuban: https://twitter.com/mcuban/status/1354497954732761088?s=20
Soulja Boy: https://twitter.com/souljaboy/status/1354486572037492736?s=19
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TAKES
Ethereum not blockchain
https://twitter.com/JayeHarrill/status/1352027529331134464?s=20
PoS vs PoW on energy
https://twitter.com/pythianism/status/1353782557884641281?s=20
Institutions adopt “ETH is Money”
https://www.coindesk.com/institutional-investors-ether-rally
DeFi paying users instead of advertisers (airdrops were sick)
https://twitter.com/erikvoorhees/status/1353939463202893824?s=21
Banks charging negative interest
https://twitter.com/q9fmz/status/1354048620253868032?s=21
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WSB / GAMESTOP
https://markets.businessinsider.com/news/stocks/gamestop-stock-short-seller-squeeze-losses-reddit-traders-citron-gme-2021-1-1030000080
https://www.theblockcrypto.com/linked/92959/rep-tlaib-congress-robinhood-gamestop
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello, everyone. Happy Friday morning. Welcome to the fourth week of January. David, how |
| 0:18.2 | you doing today? |
| 0:19.2 | I am fired up today. We have a lot of things to talk about. So much news. We are going |
| 0:25.2 | to do something a little bit different this episode. I know a lot of people, including |
| 0:29.4 | myself, want to talk and hear about GameStop and all of that massive amounts of news. |
| 0:35.0 | There's so much to talk about. There's so much to peel back. What we are doing in this |
| 0:38.9 | particular weekly rollups, we are putting the very last section, the section that about |
| 0:44.0 | what David and Ryan are excited about, that is going to be, we're only going to talk |
| 0:47.5 | about GameStop. We're going to talk about GameStop for like 20 minutes. And the reason |
| 0:51.0 | why we're doing that is so that we can go through the weekly rollups as we usually do |
| 0:55.0 | it. We don't have to bother about touching GameStop because we're going to touch on all |
| 0:59.1 | of the GameStop topics at the very end. It's going to be a normal weekly rollup up until |
| 1:03.7 | that point. And this is going to be our normal PG weekly rollup up into that point. But |
| 1:08.2 | like I said, I am fired up. So if you've got kids in the car, if you listen with your |
| 1:12.3 | kids around, maybe is listen to the GameStop section of this episode at a different time |
| 1:17.3 | because there might be some swear words. |
| 1:19.3 | There you go. Things are going to get kind of spicy, kind of weird near the end of this |
| 1:23.5 | weekly rollup. But David, let's get started with the typical. We always start with market. |
| 1:28.8 | What is going on in the market? Should we talk about Bitcoin? |
| 1:31.5 | Yeah, we have. Bitcoin is hanging around in the low 30,000s range, ranging between it |
| 1:37.5 | actually got below 30,000 a couple times in the last week, but didn't stay there for |
| 1:42.5 | very long, kind of staying within 30 to 34,000 dollars, consolidating as what is still |
... |
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