ROLLUP: 5th Week of December

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