*Sorta
Happy Tuesday, Blockfolians!
The Lede
There are many things that are different about this bull cycle than the last. For one, there is a lot more actual usage. Bitcoin is being adopted by countries while Ethereum and other smart contract chains have spawned a massive set of DeFi applications.
But, ultimately, this is crypto, and that is going to occasional mean some shady, hype marketed ish. The industry took notice when one of the world’s biggest social media start Kim Kardashian yesterday seemed to shill Ethereum Max.
Ethereum Max has also recruited folks like Paul Pierce and Floyd Mayweather, so clearly they’re spending some buck-o-roos. Meanwhile, in a perfectly 2021 twist, Safemooners are now trying to recruit her to their cause.
Never change, crypto, never change.
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Highly Relevant Reading
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Wrapped Bitcoin now represents >1% of BTC circulating supply
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dYdX raises $65m led by Paradigm
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House Democrats have formed a working group on crypto
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Fox TV putting $100m into NFTs
Community Commentary
TshirtGate 2021
Ether options, eh, Goldman?
A Really Big Number We Should Be Paying Attention To
$70m
That’s the size of the new round for Bitwise, including Stan Druckenmiller and Daniel Loeb as participants. Congrats!
Final Thought
A good reminder.
