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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. š¤Æ
On the Ethereum side, the Grayscale of Canada launched QETH yesterday. Thatās a publicly traded pseudo-ETF locking up another $75M ETH. Thatās on top of the $775m recently locked up and staked in Ethereum bonds.
We talk all this over our weekly rollup but hereās my question: how long till all this lock-up leads to a supply side crises?
Rest up in Decemberā2021 is gonna be a wild ride.
Letās just shake off these regulatory jitters first.
Hereās a few things we have slotted for next week:
(Monday) An outsiderās perspective on crypto (podcast already live for badge holders!)
(Tuesday) Debate with Ryan Selkis on State of the Nation āis ETH money??ā
(Wednesday) Bull run tax tips for 2020
(Thursday) A fire piece from Paul Brody on the state of Enterprise Ethereum
Letās get to the recap.
- RSA
P.S. Weāre 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. š
š Sponsor: Aaveāearn high yields on deposits & borrow at the best possible rate!
Recap for the week of December 7th, 2020
šļøPODCAST EPISODE
Listen to episode 42 | iTunes | Spotify | YouTube | RSS Feed
SCHEDULE RECAP:
(Market Monday) The DeFi Mullet - replace
(Tactic Tuesday) How to leverage social tokens on Rally - farm
(Writer Wednesday) The bull case for decentralized index funds - contend
(Thursday Thought) 10 Best Gifts for Crypto Lovers - give
(Friday Open Thread) What was your best trade this year? - share
šļøSTATE OF THE NATION #25 - Defending Our Nodes
šŗ 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.
Weāre now live streaming State of the Nationājoin us at 2pm EST every Tuesday!
Weekly Badge Perks š„
The Bankless badge gives you access to perks like these:
Bonus get 5% on Gitcoin Grantsāverify your Badge in your Gitcoin profile
Access our podcast w/ Demetri Kofinas early in the Badge-only discord channel
Access our podcast w/ Ether Capital early in the Badge-only discord channel
Launch your own raffle for Bankless Badge holders! Go ahead. We canāt stop you.
šļø Latest Weekly Rollup. Download the week in crypto to your brain in this 25 min show.
ACTION RECAP
Execute any good market opportunities you saw in Market Monday
Leverage social tokens with Rally
Consider the bull case for decentralized index funds š„
Explore the 10 best gifts for crypto lovers
Brag about your best trade this year
Watch & Listen
šļø Listen to The Global Game of Crypto with Bruno Maçães
šŗ Watch State of the Nation #26: Protecting Our Nodes š„
šŗ Watch Weekly Rollups - 2nd Week of December - new show!
šŗ Watch Meet the Nation: Kevin Chou of Rally
šŗ Watch our AMA with James Ferguson, CEO of Gods Unchained
Go Bankless. $12 / mo. Includes archive access, Inner Circle & Badgeā(pay w/ crypto)
šThanks to our sponsor
Aave
Aave is an open source and non-custodial protocol for money market creation. Originally launched with the Aave Market, it now supports Uniswap and TokenSet markets and enables users and developers to earn interest and leverage their assets. Aave also pioneered Flash Loans, an innovative DeFi building block for developers to build self-liquidations, collateral swaps, and more. Check it out here.
Tag Bankless on twitter and tell us how youāre going bankless for 3 x š„
What was your favorite Bankless podcast this year??
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 commission if you make a purchase through one of these links. Iāll always disclose when this is the case
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