MARKET:
Bitcoin is running on 3 green weekly candles, but seems to have hit temporary resistance around $48k. The previous resistance of $42k is likely going to be tested as support before we resume the uptrend. Many alts, mostly non-Ethereum layer 1 protocols like Solana, Terra, Fantom, Cosmos, and now Avalanche have seen dramatic breakouts as yield farming in emergent DeFi protocols explodes.
NEWS:
Interest in Ethereum outpaces Bitcoin in Singapore
Audius partners with TikTok for streaming service
Any press is good press:
NFTS:
RUGS:
Sam Sun, Paradigm Capital, helps Sushi fix a critical bug and saves $350m
REGULATION:
Gensler is coming across as very anti-crypto now, but putting the spotlight on the industry - WSJ
POD ‘O THE WEEK: