Happy Monday, Blockfolians
The Lede
Seriously, it’s a very happy Monday. The bitcoin price hit a new high of $12485 and is currently trading around $12,333.
Volume was also up on Monday. Volume on Coinbase for example had been averaging a little over $180 million but was already up at nearly $250 million on Monday.
DeFi world also continued its tear. You may remember just a few weeks ago when we lauded DeFi hitting $3B in total value locked. That total has now shot up over $6 billion.
To be honest, it feels like we’re at the beginning of this bull cycle. Who knows - maybe in a month or two even these milestone numbers will seem quaint.
Exciting times!
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Highly Relevant Reading
After two 51% attacks, OKex is considering delisting ETC
Huobi has launched a new DeFi consortium
Bitcoin is the second most viewed asset on TradingView, after Tesla stock
Speaking of milestones, Curve becomes the third DeFi protocol to hit a billion in TVL
Community Commentary
Dave is here, and he’s absolutely loving the pump and dumps.
Does Joe’s critique of bitcoin’s focus on sound money over censorship resistance ring true?
A Really Big Number We Should Be Paying Attention To
$165,000,000
That’s the amount Pantera has raised so far for their new fund
Final Thought
Maybe the gold v. crypto debate has some legs?