The Last 168 Hours in DeFi
Tsunami in the Metaverse - Facebook and VISA red pilled, Moon EtherRocks
MARKETS:
Things remain bullish. Currently $BTC is testing high time frame support and an ascending channel on the daily. No sign of a fed taper on the horizon and everyone is awaiting the comments from Jackson Hole this week.
Stablecoins are being minted in heaps as cash is converted to crypto.
NEWS:
Coinbase’s board and investors approve buying cryptoassets for the balance sheet. This isn’t very surprising, but shows broader investor/market confidence in crypto as a legitimate, sustainable asset class.
Gigachad strikes again
University of California stadium sponsored by cryptocurrency exchange, FTX
NFTS:
Visa has purchased a CryptoPunk. They bought a NFT, on Ethereum, before Bitcoin. This is a HUGE paradigm shift in corporate investment into cryptocurrency and the Metaverse.
Oh, and Rocks
RUGS:
REGULATION:
Quiet for now…but the House has approved the Biden Infrastructure bill in its current state, meaning no amendments to the cryptocurrency tax provision.
POD ‘O THE WEEK:
On game theory, the market, Bitcoin vs Proof of Stake money:
And a bonus:
All about DAOs (Decentralized Autonomous Organizations) and the future of work: