Damn. European Investment Bank Puts $100M in Bonds on Ethereum

Happy Tuesday, Blockfolians

The Lede

By now you’ve already all digested Tesla’s big bitcoin sale (more on that below) so we wanted to hit you with something a little fresher: the European Investment Bank - the investment arm of the European Union - is pricing $100M in 2-year bonds on Ethereum.

The bond sale is being overseen by three little banks you might have heard of Goldman Sachs, Banco Santander, and Societe Generale.

It’s hard to see it as anything other than a huge nod for Ethereum and a sign in general of how fast crypto moves.

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Highly Relevant Reading

  • Inflation fears are spreading beyond bitcoiners

  • Bitcoin hashrate has rebounded as Chinese miners come back online

  • US Bank gets deeper into crypto

  • Looks like China wants foreigners to use the digital yuan


Community Commentary

A story in three parts:
Part 1:
Part 2:
Part 3:

A Really Big Number We Should Be Paying Attention To

$4.2B

That’s the size of the Options Expiry this month on Friday. Max pain is $54,000.


Final Thought

Wild