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?
I’ve no idea how far away we are from the top during this DeFi mini-cycle. But things just don’t feel as crazy as late August 2020. My cortisol level is way down. Is it just me?
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)
it's almost like privileged western critics of Bitcoin should consider shutting the hell up and taking into account the lived experience of people in India, Mexico, Turkey, Brazil, Argentina, South Africa, and Nigeria
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)