Bankless

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ -----GO BANKLESS WITH THESE SPONSOR TOOLS: 

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

🚀 ZERION - INVEST IN DEFI FROM ONE PLACEhttps://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: 3RD WEEK OF DECEMBER

MARKET:

BTC Price- On the three year anniversary of the 2017 ATH, BTC breaks 20k and skyrockets to $23,800. - BTC on Ethereum: Down from 145k TO 141.5k

ETH Price- $ETH is up $100 during the last two days, highs not seen since May of 2018

TVL in DeFi- $16.4B, up from $14B- DPI up from $101 to $115,

Grayscale Insane premiumshttps://twitter.com/grayscaletrust/status/1339356060948312064?s=21

ETH now vs ETH Thenhttps://twitter.com/sassal0x/status/1339192917735292928?s=20

$1B of ETH in the deposit contracthttps://twitter.com/sassal0x/status/1339522266237784065?s=20

Ethereum addresses with ETH in them passes 50Mhttps://twitter.com/intotheblock/status/1339433477305876480?s=27

From CeFi to DeFi https://twitter.com/glassnode/status/1337410802396127233?s=20

The amount of fees on #Ethereum spent on $ETH deposits to centralized exchanges has fallen from ~25% in 2017 to less than 1% today.

$3B in USDC https://twitter.com/jerallaire/status/1338662314355138565

ETH Option Open Interest at $1B ATH https://twitter.com/skewdotcom/status/1338818750166994944?s=21

RELEASES

Ethereum futures from the CMEhttps://www.theblockcrypto.com/linked/88028/cme-group-announces-ethereum-futures

Maple Leaf Capital report on Ethereum and DeFihttps://twitter.com/MapleLeafCap/status/1339346115322376192?s=20

Swivel Finance https://swivel.finance/Interest rate derivative protocol built on Aave and Compound 

Circle announced high-yield USDC business accountshttps://www.circle.com/en/features/yield

Kraken announces accepting lightning depositshhttps://blog.kraken.com/post/7225/a-need-for-speed-kraken-to-launch-bitcoin-lightning-%e2%9a%a1%ef%b8%8f-integration-in-2021/

Digital Yuan is herehttps://www.theblockcrypto.com/post/87754/china-digital-yuan-touching-pay

Sybil governance delegation platformhttps://sybil.org/#/delegates/uniswap

NEWS

Coinbase IPOhttps://blog.coinbase.com/coinbase-announces-confidential-submission-of-draft-registration-statement-b140a9dfc9f5

One River Asset Management CEO Eric Peters, $600mm in BTC and ETH have been purchased to date, with the total set to exceed $1B in early 2021https://casebitcoin.com/story/new-1b-fund-created-to-buy-btc-with-support-from-one-river-ceo

Hugh Karp of Nexus Mutual has the majority of his NXM stolen from him by a relatively unknown attack vector https://www.coindesk.com/ceo-of-defi-insurer-nexus-mutual-hacked-for-8m-in-nxm-tokens

Office of the Comptroller wants to issue ‘country coins’ to help incentive educationhttps://fortune.com/2020/12/15/crypto-country-coin-brian-brooks-comptroller-of-currency-learning-student-incentives/

Long term incentive streaming for Eth2 public goods - 3,200ETH to starthttps://jamesfickel.ghost.io/towards-long-term-incentives-on-ethereum

Pornhub: Now crypto onlyhttps://decrypt.co/51478/pornhub-now-accepting-crypto-only

Beeple NFT massive successhttps://www.beeple-crap.com/nft https://twitter.com/niftygateway/status/1338268375156482050 $3.5M in sales from NFT auction------Don't stop at the video!

Subscribe to the Bankless newsletter programhttp://bankless.substack.com/ Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ Follow Ryan on Twitterhttps://twitter.com/ryansadams Follow David on Twitterhttps://twitter.com/TrustlessState -----Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ -----GO BANKLESS WITH THESE SPONSOR TOOLS: 

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

🚀 ARGENT - INVEST IN DEFI FROM ONE PLACE (download it now!)https://bankless.cc/argent

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

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

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SotN#27: Is ETH Money? w/ Ryan Selkis (2020 Recap & 2021 Horizon)

Every year, Ryan Selkis does a round-up of the themes that powered the industry as well as some predictions of the year to come. 

It covers the movers and shakers that steered the industry for the year. Among Ryan's list are people like Hayden Adams of Uniswap and Danny Ryan from the EF. 

Yet, Ryan Selkis is still pessimistic on ETH as Money, and believes the tailwinds of the industry point elsewhere. 

We bring on his points to the show, and go through them to discuss!

Ryan's Crypto Theses for 2021:https://messari.io/crypto-theses-for-2021 

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Subscribe to the Bankless newsletter programhttp://bankless.substack.com/

Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ

Follow Ryan on Twitterhttps://twitter.com/ryansadams

Follow David on Twitterhttps://twitter.com/TrustlessState -----Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case/merch.banklesshq.com/

-----

GO BANKLESS WITH THESE SPONSOR TOOLS: 

⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTO

https://bankless.cc/ledger

🚀 ARGENT - INVEST IN DEFI FROM ONE PLACE (download it now!)

https://bankless.cc/argent

💳 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

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SotN#27: Is ETH Money? w/ Ryan Selkis (2020 Recap & 2021 Horizon)

------

Don't stop at the video!

Subscribe to the Bankless newsletter programhttp://bankless.substack.com/

Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ

Follow Ryan on Twitterhttps://twitter.com/ryansadams

Follow David on Twitterhttps://twitter.com/TrustlessState

-----

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

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

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/

-----

GO BANKLESS WITH THESE SPONSOR TOOLS: 

⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTOhttps://bankless.cc/ledger🚀 ARGENT - INVEST IN DEFI FROM ONE PLACE (download it now!)https://bankless.cc/argent💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDShttps://bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

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43 - Crypto from the Outside | Demetri Kofinas

Demetri Kofinas is the host of the Hidden Forces podcast, where he gives you an edge by teaching you to think critically about the systems of power that structure our world.

Hidden Forces is about the forces of the world that impact markets, technology, culture, and our lives, which means that Demetri is astutely aware of the cryptocurrency industry and its implications.

However, he is not in the ‘crypto-religion’ as many of us are. He views crypto from the outside in. 

We bring Demetri onto the pod this week to get his perspective as to what crypto looks like when viewed from outside the bubble. 

We take a moment to discuss a number of 2020 themes:

• Distrust in institutions
• Monetary policy in the days of COVID
• More government, or less government?

...and of course, how significant is the role of Crypto with regards to these things. Is it a revolution? Or destined to be domesticated by the powers of the world?

Demetri is both knowledgeable AND skeptical, which is a dangerous combination to anyone who believes in the revolution. 

Tune in!

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Follow Bankless on Twitter

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Follow David on Twitter

https://twitter.com/TrustlessState

-----

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

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

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/

-----

GO BANKLESS WITH THESE SPONSOR TOOLS: 

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

🚀 ARGENT - INVEST IN DEFI FROM ONE PLACE (download it now!)https://bankless.cc/argent

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

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

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ROLLUP: 2nd Week of December

MARKET 

BTC Price- 18,297.90

BTC on Ethereum- Down from to 147K to 145K- BTC above 18k for 9 days in a row. - In 2017, BTC wasn’t above 18k for like 9 hours

ETH Price- $560

TVL in DeFi- $14.7B to $14B- $DPI from $116 to $101

Ethereum 2.0 1 week stats https://twitter.com/AlexanderFisher/status/1336280548084477953

- ETH 2 deposit contract adding 40k ETH per day- 3x more ETH than what is being issued per day- Over 1% ETH in the deposit contract

USDC outpacing Tether https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F46c07bef-9100-4d24-9a57-b8b26801f9bd_1200x726.png (RELEASES) What got released?

Messari 2.0 https://messari.io/

Yearn quarterly report https://github.com/iearn-finance/yearn-pm/blob/master/financials/reports/2020Q3-yearn-quarterly-report.pdf 4 Takeaways from ETH 2 deposits 

- Blog from Etherscan https://medium.com/etherscan-blog/4-takeaways-from-deposits-into-eth2-28c64dd2863

Circle launches payments platform for USDC https://www.circle.com/blog/circle-launches-major-platform-upgrade-aimed-at-bringing-digital-dollar-stablecoins-mainstream New Square competitor

Maker Governance vote to add https://twitter.com/MakerDAO/status/1335993149076869123?s=20 - AAVE- DAI-ETH LP token- USDC-ETH LP token

(NEWS) What’s in the news?

8,000 Nodes live outside the US https://twitter.com/PhABCD/status/1335349619467968519 - More than the total number of ETH nodes from just a few months ago

The STABLE Act- Unintended consequences https://www.coincenter.org/the-unintended-consequences-of-the-stable-act/

MicroStrategy issues $400 in convertible debt to buy $BTC https://cointelegraph.com/news/microstrategy-will-issue-400-million-in-securities-to-buy-more-bitcoin

MassMutual buying $100M BTC https://www.theblockcrypto.com/linked/87378/massmutual-bitcoin-insurance-purchase - More legit than Microstrategy according to Joey Krug"measured yet meaningful exposure to a growing economic aspect of our increasingly digital world."

Ray Dalio warming to BTC in Reddit AMAhttps://twitter.com/RyanWatkins_/status/1336438172142739458?s=20

The Ether Fund- 3iQ Corp IPO closes Dec 10th (today), raising a maximum of $107M, already raised $75M so far

Tyler Winklevoss Tweet: https://twitter.com/tyler/status/1336839087093919744

France maybe extending KYC lawshttps://www.theblockcrypto.com/post/87001/france-crypto-rules-mandatory-kyc-crypto-to-crypto

Rumors that Steven Mnuchin is thinking about regulations on Digital Self Hosted Wallet-Warren Davidson getting ahead of the issue with a letter to Mnuchin https://twitter.com/WarrenDavidson/status/1336804544320327683?s=20

Paxos files for a Federal Bank Charter https://www.coindesk.com/paxos-becomes-latest-crypto-firm-to-file-for-federal-bank-charter

Venezuela pays for Imports from Iran/Turkey with Bitcoin https://news.bitcoin.com/venezuela-pays-imports-iran-turkey-bitcoin-evade-sanctions/

JP Morgan says that Gold will suffer because of Bitcoin

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin Yahoo Finance also speaking more positively for Bitcoin 

CoinGecko is better than CoinMarketCap https://out.reddit.com/t3_k8jct1?url=https%3A%2F%2Fmaxbit.cc%2Fcoingecko-looks-to-overtake-coinmarketcap-with-huge-uptick-in-traffic%2F&token=AQAA_YjSXxU46BXDalbUf4Pv-UkKhy4yT938Vzi-qo7VV6usja4b&app_name=reddit.com

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Don't stop at the video!

Subscribe to the Bankless newsletter programhttp://bankless.substack.com/

Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ

Follow Ryan on Twitterhttps://twitter.com/ryansadams

Follow David on Twitterhttps://twitter.com/TrustlessState

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

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

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

🚀 ARGENT - INVEST IN DEFI FROM ONE PLACE (download it now!) https://bankless.cc/argent

💳 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

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Defending Crypto from the STABLE Act | Coin Center's Jerry Brito and Peter Van Valkenburgh

Coin Center is a non-profit organization focused on public policy isues facing public blockchains like Bitcoin and Ethereum.

While Bitcoin and Ethereum are unstoppable internet networks, Nation States can still mediate our relationship with them, and therefore fighting the regulatory fight is extremely important!

Coin Center recently opened up their Gitcoin Grant https://gitcoin.co/grants/1668/coin-center-is-educating-policy-makers-about-publ which has received an outpouring of support.

Maybe it has to do with the STABLE Act? This act was recently introduced by Rashida Tlaib and others, in an attempt to add regulatory oversight to those that issue and leverage stablecoins.

We bring on Jerry Brito and Peter Van Valkenburgh to help us understand the perspective coming out of the STABLE Act, and its implications to our industry.

Coin Center's website: https://www.coincenter.org/

The STABLE Act: https://tlaib.house.gov/media/press-releases/tlaib-garcia-and-lynch-stableact

Coin Center's Gitcoin Grant: https://gitcoin.co/grants/1668/coin-center-is-educating-policy-makers-about-publ

Preston Byrne's blog post on the STABLE Act: https://prestonbyrne.com/blog/

------

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-----

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

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