Level up your open finance game five times a week. Subscribe to the Bankless program below.

Join the Bankless Nation

🗞️ Latest Weekly Rollup. Download the week in crypto to your brain in this 25 min show.

Listen to episode podcast | iTunes | Spotify | YouTube | RSS Feed

Tools from our sponsors to go bankless:

⭐️ LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTO
https://bankless.cc/ledger

🚀  ZERION - INVEST IN DEFI FROM ONE PLACE
https://bankless.cc/zerion

💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS
https://bankless.cc/monolith

🤖 YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU 
http://bankless.cc/yearn

📺 ROLLUP: 4th Week of December

December 25th, 2020

ROLLUP: 4th Week of December

Bankless Citizen Spotlight!

This guy: 

Mathias @Acrobat_Crypto

Why listen to the weekly rollup with coffee when you can do it with handstands? Listening to all this bullish news with @RyanSAdams and @TrustlessState on @BanklessHQ this morning seems to be helping with my one-arms! #OAHS #BothSides #Acrobatics #ETH #BTC

4:02 PM ∙ Dec 18, 2020

---

8Likes1Retweet

MARKET What’s the Market saying? 

BTC Price
- Up 21% in the last 7 days
- High consolidation between $23k and $24K
- Bitcoin dominance doing really well: 70%
- MicroStrategy finished their $650M purchase of 29,646 BTC

CoinDesk @CoinDesk

BREAKING: @MicroStrategy has bought another 29,646 bitcoin with its $650 million debt issuance. The business intelligence firm now has 70,470 BTC worth over $1.596 billion in its treasury reserve. . @michael_saylor Via @realDannyNelson

trib.alMicroStrategy Splurges Another $650M on Latest Bitcoin Investment - CoinDeskMicroStrategy is transforming itself into corporate America’s boldest bitcoin bull, now owning bitcoin worth over $1.596 billion.

1:30 PM ∙ Dec 21, 2020

---

1,033Likes273Retweets

ETH Price
- Up just 3% in the last 7 days

TVL in DeFi
From $16.5B to $14B

DPI down from $115 to $108
2+M ETH in ETH2 Staking

DeFi Pulse has a new page
“Bitcoin at Work”
Announcement: https://defipulse.com/blog/introducing-bitcoin-at-work/

Page: https://defipulse.com/btc

A chart not often seen, Grayscale Revenue: 

Mika Honkasalo @mhonkasalo

New chart on our data dashboard. Grayscale (estimated) revenue from GBTC & ETHE. In December, likely will be around ~$25 million. theblockcrypto.com/data/crypto-ma…

8:25 AM ∙ Dec 17, 2020

---

25Likes8Retweets

XRP getting DUMPED after SEC report
Bitwise dumped $9.3M. Will Grayscale have to do something?

Ryan Bitcorn Selkis @twobitidiot

WOW, that was fast. + Bitwise sold all XRP in its publicly traded fund + Grayscale likely to follow suit imminently + Most exchanges will follow as well

3:15 PM ∙ Dec 23, 2020

---

913Likes186Retweets

RELEASES

The Graph Network now live
https://thegraph.com/

Tornado.Cash Governance Token has been retroactively airdropped
https://tornado-cash.medium.com/tornado-cash-governance-proposal-a55c5c7d0703

Compound Chain announced
CASH new stablecoin?

Compound Labs @compoundfinance

Today, we're excited to share the whitepaper for Compound Chain, a distributed ledger capable of transferring value & liquidity between peer ledgers. compound.cash

7:54 PM ∙ Dec 17, 2020

---

386Likes102Retweets

$3M Raised by Union to bring Credit to DeFi

Perpetual Protocol Live on Mainnet

Perpetual Protocol @perpprotocol

We're thrilled to announce our mainnet is finally here! You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at: perp.exchange (and there is no gas fee during your trades!)

perp.exchangePerpetual Protocol ExchangeTrading perpetual contracts on-chain has never been this simple.

1:50 PM ∙ Dec 16, 2020

---

226Likes46Retweets

You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at perp.exchange

Gitcoin Round 8 Closed 

Ξwoki GITer of COINs🤖 @owocki

just passed ten million in funding to OSS 🙃 gitcoin.co/results

1:52 PM ∙ Dec 23, 2020

---

162Likes30Retweets

NEWS

SEC files lawsuit against Ripple for $1.3B in unregistered securities sale. 

Vitalik: 

vitalik.eth @VitalikButerin

Looks like the Ripple/XRP team is sinking to new levels of strangeness. They're claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are "Chinese-controlled". 😂😂 ripple.com/wp-content/upl…

3:10 AM ∙ Dec 22, 2020

---

7,091Likes1,312Retweets

Ledger Breach - 272K Customers

Check Ledger Leak - https://www.argent.xyz/ledgerhack/#

FinCEN Proposed Rule

$600 vs $2,000 Stimulus? 

Switzerland CBDC

Hudson stepping down as the All Core Dev Call facilitator

Being replaced by Tim Beiko 

Tim Beiko | timbeiko.eth @TimBeiko

It will be a challenge to fill Hudson's shoes in AllCoreDevs, but I couldn't be more excited to start 😁 We've got a ton of work on the eth1 roadmap with 1559, account abstraction, stateless, BLS support and, obviously, the eth2 merge. My hope is to help facilitate it 🔜🤞🏻!

Hudson Jameson @hudsonjameson

After 4 years of facilitating the bi-weekly Ethereum Core Developer meetings (aka AllCoreDevs calls) I've decided to step down from that role. The fantastic @TimBeiko will be replacing me in this role after the Berlin hard fork. Thread:

6:20 PM ∙ Dec 21, 2020

---

219Likes43Retweets

TAKES 

Hayden Adams on Uniswaps registered country address

Hayden Adams 🦄 @haydenzadams

You joke but legit the coolest thing about this page is not Uniswap competing with cex, it’s Uniswap being the only one with country section blank Ethereum is the closest thing to a country that Uniswap has messari.io/exchanges

Alex Svanevik 🧭 @ASvanevik

Anybody know Uniswap’s postal code? https://t.co/MiEV5yQAst

3:54 AM ∙ Dec 19, 2020

---

1,311Likes225Retweets

Ryan on Boomer fiscal management. 

Ryan Sean Adams - rsa.eth 🏴 @RyanSAdams

I wish i was kidding but our boomer congress just snuck in language to make memes illegal in the new fiscal stimulus bill You get $600... They get to fine you $30k for meme sharing. And ppl want to give this broken governance more monetary power?? NO! We need crypto.

5:39 PM ∙ Dec 22, 2020

---

104Likes11Retweets

David on Ripple as a heist

DavidHoffman.eth 🏴 @TrustlessState

.@Ripple and $XRP aren't just a retail scam. It's also a regulatory heist.

9:49 PM ∙ Dec 22, 2020

---

88Likes4Retweets

David on Ethereum solving its own problems

DavidHoffman.eth 🏴 @TrustlessState

One of the best features of Ethereum is its ability to solve its own problems Access ETH Value? @MakerDAO @AaveAave @compoundfinance ETH Liquidity? @UniswapProtocol / @BalancerLabs Infrastructure funding? @gitcoin Privacy? @aztecprotocol @TornadoCash

6:29 AM ∙ Dec 18, 2020

---

48Likes5Retweets

Episode Actions

• Give Bankless 5 stars on the podcast! Let’s get to the top of the charts 📈

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.

Subscribe to Youtube

Subscribe to the podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

Go Bankless. $12 / mo. Includes archive access, Inner Circle & Deals—(pay w/ crypto)

Subscribe now

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