Happy Monday, Blockfolians
And it is a very happy Monday for all the ETH holders out there who are watching their coin rocket past milestones. Not only did ETH hit a new high, it cruised over $3000 and just kept going.
Bloomberg’s Joe Weisenthal jokingly captured the mood:
Really feels like crypto has drained the speculative juice out of the market.
All I see is ETH. When was the last time you even saw a tweet about Tesla?
Meltem Demirors put it even more cleanly:
It feels distinctly like the next phase of this bull market is here.
But, as SBF would say, “not financial advice.”
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Highly Relevant Reading
CME’s Bitcoin “Micro Futures” begin trading
EBay CEO intimates NFTs and crypto payments are coming
Report: PayPal is exploring launching their own stablecoin
More Bitcoin AND ETH treasury buying activity from listed companies
With ETH smashing through $3,000 this week I think we’re entering the Enthusiasm phase of this market.
A pretty phenomenal statistic
A Really Big Number We Should Be Paying Attention To
That’s how much revenue DeFi protocols generated for network participants last month