Matt and Leon break down Bitcoin’s price growth, the controversial Jupiter token airdrop that made people several thousands of dollars, why Ethereum’s major ‘Dencun’ upgrade could come next month, and much more. 

Key Takeaways

• Bitcoin (BTC) finished January higher, posting its fifth straight monthly gain—a streak that hasn’t happened since late 2020. Don’t be surprised to see BTC trade sideways for a while.
• U.S. interest rates are no longer expected to fall in March after public comments from the Fed chair and stronger-than-expected economic data. Rate cuts are generally good for crypto.
• Jupiter (JUP) executed one of the largest-ever airdrops, with many early users receiving thousands of dollars worth of JUP. The launch mechanism was widely misunderstood and criticised. Matt and Leon both hold JUP.
• Ethereum’s upcoming major upgrade (‘Dencun’) was successfully deployed on a second testnet. Third and final testnet deployment is on February 7. If all goes well, a mainnet release date should be revealed next week. Will likely be mid to late March.