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ROLLUP: 1st Week of January

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ROLLUP: 1st Week of January

BTC over $40K, ETH market cap ATHs, OCC clears banks to use public blockchains, and more.

Ryan Sean Adams
Jan 8, 2021
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ROLLUP: 1st Week of January

newsletter.banklesshq.com

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📺 ROLLUP: 1st Week of January

January 8th, 2020

Market

  • BTC: It’s over $40k!

    • BTC closes 2020 as the best performing asset of the decade

    • JP Morgan analyst BTC price target of $146,000

  • ETH: Breaks market cap high

    • ETH debt ceiling in MakerDAO increased

  • TVL in DeFi: Up from $14.4B to $22.8B

  • DPI: $117 to $185

  • Total Market Cap over $1T USD

  • 2020 Asset Class returns

  • Ethereum King of Fees (40% or revenue)

  • Security through Number Go Up


Releases

  • Shapeshift pivots to a Dex Aggregator

  • Bitcoin ETF proposal

  • Futureswap V2 is OUT

  • YAM Umbrella protocol

  • Transaction Builder

  • USDC getting an upgrade


News

  • OCC - Banks can use Ethereum for payments

    • My take

    • Covered on Forbes

  • Grayscale $20B AUM before 2021

  • Biden Admin will halt all midnight regulations from the Trump admin that haven’t finalized yet

  • Bittrex delisting privacy coins

    • Jake tweet

  • Uniswap: $3B in liquidity

    • Year in Review

    • Tweet Thread

  • Iran closes down mining operations

  • Loopring L2 Growth


Takes

  • No viable 2nd place to Ethereum

  • ETH same place as BTC in 2017

  • ETH MC only worth one bank right now

  • Fundamentals out, reflexivity in

  • Why are you concerned w/ Product Fit? ETH Killers solving something that's not a problem


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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive a commission if you make a purchase through one of these links. I’ll always disclose when this is the case

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ROLLUP: 1st Week of January

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