Bitcoin's Market Cap Hits New ATH

Plus another DeFi hack

Happy Tuesday, Blockfolians

The Lede

Nothing much going on today, just BTC smashing through $17,000 ($17,800 as we write). While most of the discussion is focused on that massive prize of a new per-bitcoin all time high, there was another important milestone breached.

Yes, over the last three years since that famous high, the total supply of bitcoin has increased. This has led, of course, to a new total market capitalization high.

What’s more, it seems like this may be the catalyst to finally start getting some MSM coverage.

These sort of radical moves aren’t always reflective of reality, but damn if they’re not fun to be a part of.

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Highly Relevant Reading

  • Brands into cellular networks? That’s the idea of this blockchain startup that just raised $12m.

  • Bulk preorders for latest bitcoin miners sold out till Spring

  • ConsenSys acquires dap toolkit Truffle Suite

  • Yet another lawsuit for BitMEX and its founders


Community Commentary

It’s absolutely all about the price action today, folks.
Okay we’re going a little fast here, guys.

A Really Big Number We Should Be Paying Attention To

$7M

That’s the amount compromised in the latest DeFi hack - this time targeting Origin Protocol.


Final Thought

GigaChad is actually Jaqen H'ghar