Crypto Is Now A $2 Trillion Market

Happy Monday, Blockfolians

The Lead

If you’ve been anywhere near crypto Twitter today, you’ll have noticed that the total market cap of the industry has exceeded $2T.

That’s a phenomenal thing to see, given how recently we crested $1T.

It also has some claiming we’re at the verge of a new Alt Season. Yup, if you thought that term was going away this cycle, we’ve got some bad news.

With the Coinbase IPO right around the corner, it feels like we’re still heating up.

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Highly Relevant Reading

  • Grayscale intends to convert Bitcoin Trust into an ETF

  • The IRS is coming for your crypto

  • A Gucci NFT?

  • MicroStrategy won’t stop buying bitcoin


Community Commentary

One of the many flippenings: global crypto financing networks > VC
Oh my.

A Really Big Number We Should Be Paying Attention To

10,000

That’s the number of active nodes on Bitcoin’s Lightning Network


Final Thought

A good list of resources