Happy Monday, Blockfolians
If you’ve been anywhere near crypto Twitter today, you’ll have noticed that the total market cap of the industry has exceeded $2T.
cryptocurrencies have an aggregate market cap of $2 trillion
#Bitcoin is 55% of that
don’t let the suits tell you this isn’t an asset class
That’s a phenomenal thing to see, given how recently we crested $1T.
It also has some claiming we’re at the verge of a new Alt Season. Yup, if you thought that term was going away this cycle, we’ve got some bad news.
With the Coinbase IPO right around the corner, it feels like we’re still heating up.
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Highly Relevant Reading
Grayscale intends to convert Bitcoin Trust into an ETF
The IRS is coming for your crypto
A Gucci NFT?
MicroStrategy won’t stop buying bitcoin
One of the many flippenings: global crypto financing networks > VC
The VC Flippening
After gold, what’s the 1st industry that will be acknowledged to have been disrupted by crypto?
Someone should track how much crypto capital has arisen, in DAOs and elsewhere, and graph the amounts vs traditional VC. (The speed is already 10X).
A Really Big Number We Should Be Paying Attention To
That’s the number of active nodes on Bitcoin’s Lightning Network
A good list of resources
The NFT Canon
(@smc90 @cdixon @Iiterature @jessewldn @ljxie et al)