Happy Monday, Blockfolians
And seriously, we mean HAPPY MONDAY. You may have been getting Blockfolio alerts all morning about the surging price of bitcoin and as of the time of writing, it’s still looking great around $10,800.
Here’s what some of our friends had to say about it:
And of course, the take you knew was coming.
In all seriousness, as fun as price action is, these types of days are a highly enjoyable but ultimately inevitable consequence of all the building that happens in between. Keep your heads down and continue to believe, act and do like you have been and this is just one more day on the way to something much, much greater.
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Highly Relevant Reading
Layer 1 competition hype! FTX is building a DEX on Solana
Chainalysis launches new market intelligence site
MakerDAO becomes first individual DeFi product with $1B in total value locked
$27,000,000 from the 2016 Bitfinex hack is on the move
Speaking of FTX, CEO Sam does another of his epic DeFi threads
SBF @SBF_Alameda29) They might not make it. But they’ve given themselves a fighting shot, and more than that they’ve given themselves a chance to do more than just ‘well enough’. It happens, now and then. It happened when we talked with Swipe, and felt like ‘oh, yeah, they really care'.
Whoa, check out this livestream of a meeting with Wyoming regulators discussing DAOs
A Really Big Number We Should Be Paying Attention To
That’s the amount that Silvergate Bank’s bitcoin-backed lending program grew last quarter. D-E-M-A-N-D.
It’s Ethereum’s 5 year anniversary and CoinDesk is doing a ton of coverage right now. Check it out here.