Can ETH Keep Going Up?

Plus Bitfinex pays back Tether loan

Happy Friday Blockfolians

The Lede

ETH is on a tear. $1700+

DeFi is on a tear. $35B+ TVL.

Individual tokens are hitting new all time highs left and right.

Can it keep going up?

To be honest, with CME ETH Futures launching on Monday, we might still be at the beginning of this run.

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Highly Relevant Reading

  • 0x Labs raises $15m

  • Indian exchanges fighting a potential crypto ban

  • OCC grants another bank charter to a crypto company

  • $90M in securities fraud. Ouch


Community Commentary

Savage (and true)
Mayor Suarez will not stop

A Really Big Number We Should Be Paying Attention To

$550,000,000

That’s the size of the loan Bitfinex just repaid (yeah, that loan)


Final Thought