Bankless Bankless

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-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
⭐️ AAVE - BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave

🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini

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

📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY
https://bankless.cc/kwenta
-----
BTC Price
In the last 7 days:
- Touched $42,000
- Fell down to $31,000
- Regained $40,000.
- Currently at $39,500
ETH Price
- Touched $1,350
- Fell to $900
- Currently above $1,200
TVL in DeFi
- From $22.8 to $23.3B
$DPI
- From $185 to $208
$MKR particularly interesting price action

Retail entering; judging by exchange twitter followers
https://twitter.com/lawmaster/status/1348220777498353665?s=20
Market Dumps because of overleverage:
https://twitter.com/kaiynne/status/1348486588045668353?s=20


Numbers are bigger now
Price swings, volume
https://twitter.com/MessariCrypto/status/1348769821220069382?s=20

Coinbase volume
https://twitter.com/lawmaster/status/1348895884315156481?s=20
Reminder: ETH futures on the horizon
https://www.cmegroup.com/media-room/press-releases/2020/12/16/cme_group_to_launchetherfuturesonfebruary82021.html

RELEASES
Tether on a ZK Rollup
https://www.theblockcrypto.com/post/90738/tether-usdt-hermez-ethereum-layer-2-scaling-solution-zk-rollups
Nexus mutual offering insurance on exchanges
https://www.coindesk.com/nexus-mutual-decentralized-insurance-cover-coinbase-binance-kraken-gemini
Bitcoin hashrate tokenized on Ethereum
https://www.theblockcrypto.com/post/90847/poolin-bitcoin-hashrate-token-pow-defi
Connecting all the rollups with Vector?
https://medium.com/connext/vector-0-1-0-mainnet-release-9496ae52c422
Cloudflare and IPFS
- Your ethereum address is now accessible by any browser without an extension https://blog.cloudflare.com/cloudflare-distributed-web-resolver/
ETH staking inside Argent
https://www.argent.xyz/blog/liquid-eth-staking-in-argent/


Synthetix announces Optimistic Rollup transition plan
https://blog.synthetix.io/the-optimistic-ethereum-transition/

Coinbase Asset Hub
https://blog.coinbase.com/introducing-coinbase-asset-hub-our-open-invitation-to-asset-issuers-f9d5f0be609d


NEWS
Gemini going public??
https://www.theblockcrypto.com/linked/91251/winklevoss-twins-weighing-taking-gemini-public

Gemini BTC credit card
https://techcrunch.com/2021/01/14/gemini-is-launching-a-credit-card-with-bitcoin-rewards/

Gary Gensler is new SEC chair.
https://www.reuters.com/article/us-usa-biden-sec-exclusive/exclusive-biden-to-name-gary-gensler-as-u-s-sec-chair-sources-say-idUSKBN29H2PQ

We did it.
https://twitter.com/valkenburgh/status/1349717095425183747?s=20

Anchorage Becomes First OCC-Approved National Crypto Bank - CoinDesk
https://www.coindesk.com/anchorage-becomes-first-occ-approved-national-crypto-bank

Morgan Stanly owns 10% of Microstrategy
https://www.coindesk.com/morgan-stanley-boosts-stake-in-bitcoin-laden-microstrategy-to-10-9
70,470 BTC, 10.9% is MS’s, 7681 BTC claimed to morgan stanly

Pakistan using funds to mine BTC
https://decrypt.co/53918/pakistan-is-now-using-government-funds-to-mine-bitcoin
2.5% of ETH supply in Gnosis safe
https://twitter.com/gnosisSafe/status/1349685149408112646?s=20

TAKESSushi on the rise
https://twitter.com/ashwath_22/status/1349090698788626432?s=20

Erik Voorhees on protocol competition
https://twitter.com/ErikVoorhees/status/1349548038822502400?s=20
Brian Brooks “Get Ready for Self-Driving Banks

AMA with Evgeny Yurtaev, Co-Founder of Zerion
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/
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🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
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-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
⭐️ AAVE - BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave
🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS
https://bankless.cc/monolith
📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY
https://bankless.cc/kwenta
------
AMA with Evgeny Yurtaev, Co-Founder of Zerion
Zerion (https://app.zerion.io/) is a central portal to the DeFi universe. The goal of Zerion is to build an easy and accessible interface to engaging and interacting with all the various money legos in the DeFi ecosystem.
While your Ethereum address is your bank account, Zerion can be your banking interface and middleware layer!
You can download the mobile iOS and Google app on your phone, for mobile browsing, and use Zerion to manage your DeFi portfolio there, as well as desktop.
Enjoy this AMA with CEO, Evgeny Yurtaev
------
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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

🚀 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/
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-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
⭐️ AAVE - BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave
🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith
📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY https://bankless.cc/kwent
------
State of the Nation #29
Erik Voorhees & ShapeShift
(DEX Aggregator, Regulation, Deplatforming, and the Bull Market)
Erik Voorhees is the CEO of ShapeShift, a company offering exchange and trading infrastructure, but doesn't act like a typical exchange!
ShapeShift ( https://shapeshift.com/) used to be a place where one could atomically trade asset-for-asset. You would set up a trade between two different assets like BTC and ETH. ShapeShift would give you a BTC address to receive BTC, and you would give ShapeShift an Ethereum address for them to return ETH to you. ShapeShift never required you to 'deposit' your money, and never held onto users' funds!
It was a very popular product during the 2017 Bull Market, yet the company decided to implement KYC requirements, in a move to protect the company from legal liability.
It looks like ShapeShift has found a way to remove those KYC requirements without legal risk, and that is by becoming a DEX aggregator!
We discuss this pivot with Erik, as well as a few other topics as well:
- Crypto regulations in 2021
- "deplatforming"
- The new crypto bull cycle.
Tune in to this week's State of the Nation!
------
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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

🚀 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:
⭐️ AAVE - BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave
🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith
📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY https://bankless.cc/kwenta
------
The Fourth Crypto Cycle | Chris Dixon, a16z Crypto Fund
Chris Dixon is a general partner at a16z, a famous private American venture capital firm that has specialized in technologies related to the growth of the internet and computation.
Chris transcends the pre-internet, post-internet, pre-crypto-and post-crypto worlds of investing and venture capital, so his perspective is rich, deep, and consistent with the themes that transcend these revolutions.
Coming from a16z, Chris approaches this industry from a technological perspective, rather than a monetary one, and seems to be steering the a16z Crypto Fund ship in the direction that typical silicon valley venture capital investors focus on: how can blockchain technology meaningfully impact the 4 billion users of the internet.
This conversation with Chris was fast-paced and vibrant! Tune in to hear one of Tech's most experienced investors!
_________
📺 BONUS FOR PAID SUBSCRIBERS!
Episode 47 Debrief: David and Ryan discuss their post-episode thoughts https://shows.banklesshq.com/p/debrief-chris-dixon-episode
If you want to hear David and Ryan discuss their post-episode thoughts, subscribe to the paid version of Bankless newsletter. This is where David and Ryan post BONUS content that goes alongside the free side of the Bankless program.
_________
Resources mentioned in the podcast:
The Crypto Price-Innovation Cycle
https://a16z.com/2020/05/15/the-crypto-price-innovation-cycle/
Crypto Fund II
https://a16z.com/2020/04/30/crypto-fund-ii/
Doing Old Things Better Vs. Doing Brand New Things
https://a16z.com/2020/10/18/doing-old-things-better-vs-doing-brand-new-things/
What is Blockchain: Computers That Can Make Commitments
https://a16z.com/2020/01/27/computers-that-make-commitments/
Crypto startup school - fantastic educational content (particularly for builders)
https://a16z.com/2020/12/28/crypto-users-guide/
------
Don't stop at the video!
Subscribe to the Bankless newsletter program
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Visit the official Bankless website for resources
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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: 
⭐️ AAVE - BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave

🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini

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

📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY https://bankless.cc/kwenta

------
MARKET 
BTC
- It’s over $40k!
- BTC closes 2020 as the best performing asset of the decade
https://www.newsbtc.com/analysis/btc/bitcoin-closes-2020-as-best-performing-asset-of-the-last-decade/

JP Morgan analyst BTC price target of $146,000
https://insidebitcoins.com/news/jpmorgan-sets-long-term-target-for-btc-price-at-146000

ETH
- ETH breaks market cap high 
https://twitter.com/krugman25/status/1347218807849443328?s=20

ETH debt ceiling in MakerDAO increased
https://twitter.com/RuneKek/status/1347091831033655301?s=20

TVL in DeFi
- Up from $14.4B to $22.8B
DPI $117 to $185
Total Market Cap over $1T USD 
https://www.coingecko.com/en/global_charts

2020 Asset Class returns
https://twitter.com/CryptoEcon_Li/status/1345508640598405122?s=20

Ethereum King of Fees (40% or revenue)
https://twitter.com/sassal0x/status/1346328797755314176?s=20

Security through Number Go Up
https://twitter.com/lastmjs/status/1346717467196833795?s=21

_______
RELEASES
Shapeshift pivots to a Dex Aggregator
https://www.coindesk.com/shapeshift-going-full-defi-lose-kyc-rules

Bitcoin ETF proposal
https://www.coindesk.com/vaneck-proposes-bitcoin-etf-again

RELEASES
Futureswap V2 is OUT
https://medium.com/futureswap/announcing-futureswap-v2-on-chain-perpetuals-with-live-pricing-e6a440939033

YAM Umbrella protocol
https://medium.com/yam-finance/umbrella-internal-alpha-75f62c58974f

Transaction Builder
https://twitter.com/allemanfredi/status/1346855097742057477?s=21
USDC getting an upgrade
https://blog.coinbase.com/usdc-v2-upgrading-a-multi-billion-dollar-erc-20-token-b57cd9437096

_______
NEWS
OCC - Banks can use Ethereum for payments
- https://www.theblockcrypto.com/linked/90025/occ-regulator-banks-stablecoins-issuance
-https://twitter.com/RyanSAdams/status/1346452770690387969?s=20
- https://www.forbes.com/sites/haileylennon/2021/01/04/occ-regulator-implements-groundbreaking-cryptocurrency-guidance-for-banks-and-the-future-of-payments/?sh=747151ae27e9

Grayscale $20B AUM before 2021
https://twitter.com/BarrySilbert/status/1344762048585068544?s=19

Biden Admin will halt all midnight regulations from the Trump admin that haven’t finalized yet
https://www.cnn.com/2020/12/30/politics/biden-midnight-regulations-freeze/index.html

Bittrex delisting privacy coins
https://www.coindesk.com/bittrex-to-delist-privacy-coins-monero-dash-and-zcash

Jake tweet: https://twitter.com/jchervinsky/status/1345061984077717504?s=27

Uniswap: $3B in liquidity
https://twitter.com/haydenzadams/status/1346877563428347905?s=20

Uniswap Year in Review
https://uniswap.org/blog/year-in-review/?s=09

Tweet thread: https://twitter.com/UniswapProtocol/status/1344687417891151874

Iran closes down mining operations
https://www.coindesk.com/iranian-authorities-close-1620-illegal-cryptocurrency-mining-farms-report

Loopring l2 Growth
https://twitter.com/finestonematt/status/1346936873776631811?s=20

_______
TAKES
No viable 2nd place to Ethereum
https://twitter.com/antiprosynth/status/1347141517148905474?s=20

ETH same place as BTC in 2017
https://twitter.com/RaoulGMI/status/1347033584234876931?s=20

ETH MC only worth one bank right now
https://twitter.com/iamDCinvestor/st

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/
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-----
GO BANKLESS WITH THESE SPONSOR TOOLS: 
⭐️ AAVE - BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave
🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith
📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITYhttps://bankless.cc/kwenta
------
State of the Nation #28
Algorithmic Stablecoins, with Dan Elitzer
Dan Elitzer recently co-founded Nascent (nascent.xyz), a venture capital company that is deep into the weeds in some of the most experimental projects in the Ethereum ecosystem. 
In the 2nd half of 2020, some of the coolest experimental projects have been Algorithmic, Uncollateralized Stablecoins. 
These are stablecoins without dollars in a bank, or without crypto in a vault. They are completely backed by financial incentives.... and faith in those incentives. 
In this episode of State of the Nation, we begin by defining the 'Stablecoin Trilemma' (https://imgur.com/a/Uj0HBL3), and discuss some of the history of stablecoins. 
Then we turn to the current design philosophy behind algorithmic stablecoins, how they work, what makes them stable, and who gets the upside?
We largely discuss Empty Set Dollar (ESD, https://www.emptyset.finance/), but also discuss Basis Cash, and Ampleforth. 
Tune in, to hear about this exciting emerging corner of the DeFi ecosystem!
------
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Subscribe to the Bankless newsletter program
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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