Happy Tuesday, Blockfolians

The Lede

Tomorrow is Coinbase’s direct listing on the NASDAQ! To mark the occasion, both BTC and ETH decided to hit new all time highs. At press time, Bitcoin is hovering around $63,000 while Ethereum is at $2,300.

There’s no denying the excitement in the market, although some are reasonably wondering whether the setup is even a little too perfect.

Qiao Wang @QwQiao

Mental state over the last 3 months: fatigue. Ton of new projects trying to compete with incumbents with minor improvements.

Mental state now: slowly transitioning into disgust. Ton of laughable ideas, obvious P&Ds, and shady deals.

April 11th 2021

39 Retweets569 Likes

Are we on the verge of the next leg up, a retail mania, or something rather underwhelming instead?

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Highly Relevant Reading

• Time puts Bitcoin on the balance sheet

• ConsenSys raises $65M from UBS, Morgan Stanley, Mastercard and more

• Stacks creates a $4M accelerator for teams building on Bitcoin

• A positive argument for engaging with Bitcoin from a Republican leader

Community Commentary

Essential macro context

🟠Dylan-BTCization🟠 @BTCization

Check out my latest piece:

“The Conclusion Of The Long-Term Debt Cycle And The Rise Of Bitcoin”
bitcoinmagazine.com/markets/the-co…

Here’s a quick summary 👇👇:

April 12th 2021

255 Retweets798 Likes

Heckuva schedule

Vivek Raman @VivekVentures

April: Coinbase IPO
May: Uniswap v3
June: summer break
July: EIP-1559
July: Optimistic Rollups
August: zkPorter L2
End of 2021: the Merge (?)

Quite a lineup for $ETH this year

zkSync @zksync

1/ The ZK vs optimistic rollups debate is about to end.

zkPorter, an engine for mass crypto adoption, is coming with EVM-enabled @zksync 2.0 this August. It will reshape the entire L2 landscape.

https://t.co/90xJ269pED

Key highlights:

April 13th 2021

92 Retweets382 Likes

A Really Big Number We Should Be Paying Attention To

$150,000,000

That’s the revenue Nvidia estimates from Crypto mining products in Q1

Final Thought

NOT FINANCIAL ADVICE

Adam Cochran @AdamScochran

1/25

Rarely do I share price projections in crypto because I’m a product style investor and the market doesn’t have a lot of steady comparables.

But, I’m making an exception, since I think its clear $FTT is grossly under valued vs $COIN and has a potential 18x to $1k~ ahead.

April 12th 2021

417 Retweets1,851 Likes