Happy Monday, Blockfolians

The Lede

Now that SNL is firmly in the rearview, maybe we can stop talking about Doge for a bit? Lol, not likely.

But still, whatever amount of attention the Doge (or his new SHIB buddy) is sucking up, Ethereum is also undeniable right now. ETH not only hit $4000, but is seeing a significant uptick in other measures, as well.

We also just hit a new all time high for active addresses at 7.94m – beating out the previous high from Jan 2018.

That, combined with reports of growing interest from institutional investors and corporate treasuries in ETH, suggests we know where the next leg of the bull run is coming from.

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Highly Relevant Reading

• Dfinity is now trading on Coinbase Pro

• China’s digital yuan closer to full rollout

• NY to study clean energy alternatives instead of banning mining?

• Inflows to crypto funds is slowing

Community Commentary

Strange central bankers don’t get it

Nathaniel Whittemore @nlw

Bank of England Governor Andrew Bailey said this week that crypto investors should be prepared to lose all their money.

Fun fact: he said the same thing in March of last year.

Everyone who *didn’t* listen to him is up 1000% or more.

🤷‍♂️

May 9th 2021

30 Retweets168 Likes

Interesting take on market segmentation

Dovey “Rug The Fiat” Wan🪐🦖 @DoveyWan

The segmentation of the market is unseen in 2017 cycle, love to hear thoughts from who’ve been through various alts szns before

This time Bitcoin money, ETH money, ETH-killer money, Defi money, Dog coin money, Tiktok money, NFT money, etc seem not to be highly overlapped

1/

May 10th 2021

18 Retweets97 Likes

A Really Big Number We Should Be Paying Attention To

530m

That’s last month’s traffic to crypto exchanges

Final Thought

Looks like we got a QB!

Tom Brady @TomBrady

#NewProfilePic

May 10th 2021

9,589 Retweets94,112 Likes