Weekly Action Recap

Your action recap for the week of December 7th, 2020

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Dear Bankless Nation,

This week a 150 year old insurance company purchased $100m of Bitcoin. Not to be outdone, MicroStrategy completed another $650M raise to buy more Bitcoin. 🤯

On the Ethereum side, the Grayscale of Canada launched QETH yesterday. That’s a publicly traded pseudo-ETF locking up another $75M ETH. That’s on top of the $775m recently locked up and staked in Ethereum bonds.

We talk all this over our weekly rollup but here’s my question: how long till all this lock-up leads to a supply side crises?

Rest up in December—2021 is gonna be a wild ride.

Let’s just shake off these regulatory jitters first.

Here’s a few things we have slotted for next week:

  • (Monday) An outsider’s perspective on crypto (podcast already live for badge holders!)

  • (Tuesday) Debate with Ryan Selkis on State of the Nation “is ETH money??”

  • (Wednesday) Bull run tax tips for 2020

  • (Thursday) A fire piece from Paul Brody on the state of Enterprise Ethereum

Let’s get to the recap.


P.S. We’re adding a weekly perks summary recaps for Badge Holders to this recap. We have 2 winners for the PoolTogether Lottery Ticket Gift Cards! Check here to see if you won. 👀

🙏 Sponsor: Aave—earn high yields on deposits & borrow at the best possible rate! 

Recap for the week of December 7th, 2020


Listen to episode 42 | iTunes | Spotify | YouTube | RSS Feed


🎙️STATE OF THE NATION #25 - Defending Our Nodes

📺 Watch State of the Nation #26: Defending Crypto w/ @JerryBrito + @Valkenburgh

Chatting with the team at CoinCenter on how to defend against the STABLE act.

We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!

Weekly Badge Perks 🔥

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


  1. Execute any good market opportunities you saw in Market Monday

  2. Leverage social tokens with Rally

  3. Consider the bull case for decentralized index funds 🔥

  4. Explore the 10 best gifts for crypto lovers

  5. Brag about your best trade this year

Watch & Listen

  1. 🎙️ Listen to The Global Game of Crypto with Bruno Maçães

  2. 📺 Watch State of the Nation #26: Protecting Our Nodes 🔥

  3. 📺 Watch Weekly Rollups - 2nd Week of December - new show!

  4. 📺 Watch Meet the Nation: Kevin Chou of Rally

  5. 📺 Watch our AMA with James Ferguson, CEO of Gods Unchained

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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.

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