Happy Tuesday, Blockfolians
Tomorrow is Coinbase’s direct listing on the NASDAQ! To mark the occasion, both BTC and ETH decided to hit new all time highs. At press time, Bitcoin is hovering around $63,000 while Ethereum is at $2,300.
There’s no denying the excitement in the market, although some are reasonably wondering whether the setup is even a little too perfect.
Are we on the verge of the next leg up, a retail mania, or something rather underwhelming instead?
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Highly Relevant Reading
Time puts Bitcoin on the balance sheet
ConsenSys raises $65M from UBS, Morgan Stanley, Mastercard and more
Stacks creates a $4M accelerator for teams building on Bitcoin
A positive argument for engaging with Bitcoin from a Republican leader
Essential macro context
zkSync @zksync1/ The ZK vs optimistic rollups debate is about to end. zkPorter, an engine for mass crypto adoption, is coming with EVM-enabled @zksync 2.0 this August. It will reshape the entire L2 landscape. https://t.co/90xJ269pED Key highlights:
A Really Big Number We Should Be Paying Attention To
That’s the revenue Nvidia estimates from Crypto mining products in Q1
NOT FINANCIAL ADVICE