Happy Monday, Blockfolians
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.
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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
Dave is here, and he’s absolutely loving the pump and dumps.
Dave Portnoy @stoolpresidenteI’m now in on the shitcoin $oxt. Orchids never die. #bitcoin #shitcoin #pump https://t.co/ZuaO705ljd
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
That’s the amount Pantera has raised so far for their new fund
Maybe the gold v. crypto debate has some legs?
Tyler Winklevoss @tylerwinklevossThe supply of gold is infinite in our galaxy, the supply of #Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.