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ROLLUP: 5th Week of December
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ROLLUP: 5th Week of December

Exchanges delist XRP, prices soar, new crypto-friendly SEC Chairman appointed

Ryan Sean Adams
Dec 31, 2020
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ROLLUP: 5th Week of December
newsletter.banklesshq.com

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📺 ROLLUP: 5th Week of December

December 31st, 2020

Market

  • BTC Price: almost 29k

  • ETH Price: Just hit 750, 50% away from ATH price

  • Blow off tops coming??

    • We are very far away from the 20 week MA!

  • TVL in DeFi: Up from 14B to 14.4B

  • DPI: Up from $108 to $117

  • Eth2: 2.2M ETH in ETH 2, $1.65B

  • Futures value Coinbase at $50B


Releases

  • 1INCH token released

  • Haseeb’s take on Stablecoins

  • DeFi events of the year graphic

  • Opyn V2

  • YAM rebasing DISABLED

  • YAM released Degenerative Finance on UMA

  • Primitive is Live on Mainnet


News

  • New SEC Chairman appointed: Elad Roisman 

    • “Known as one of the most crypto-friendly SEC commissioners. A vocal supporter!

    • The fact that Roisman is at the helm of the SEC also significantly boosts the chances of a Bitcoin-tied exchange-traded fund (ETF) being approved in the coming years. 

    • Mnuchin wants onchain KYC for all ETH wallets that have stablecoins in them

  • Comment window period open on the FinCEN proposal to extend KYC to non-custodial wallets

  • Coinbase Delists XRP

  • Also Binance US

  • Also Bittrex

  • Also trading desk

  • Cover Protocol Exploit

    • Etherscan Tx


Takes

  • Uniswap means you can't be delisted (sorry XRP)

  • Predictions for Ethereum in 2021

  • Ethereum is the TAM

  • Ethereum doesn’t marginalize

  • Degens are funding Open Source

  • Ethereum is the last bastion for Yield


Episode Actions

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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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