Howdy all — this is the 5 minute crypto daily update for the weekend of April 29 & 30. I missed yesterday because we had a Two Degens interview with Ben Roy which will come out soon
Let’s get it on!
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As of this recording
BTC is flat around $29,300
ETH is parked at $1900
Top risers in the last 24 hours include PancakeSwap, Solana, and Cosmos Atom
Some DefiLlama stats
Top NFT collections by 7 day trading volume:
1. Mutant Apes
2. Bored Apes
3. Azuki
4. Milady Maker - had a floor price run up as well, that coincided with their launch of the Bonklers collection
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What’s going on in crypto land…
https://www.circle.com/blog/usdc-cctp-an-open-dollar-platform-for-developers
Circle launches their cross chain transfer protocol or CCTP for short
Truly a big innovation for the number 2 stablecoin by market cap, currently $31B in value
https://twitter.com/jerallaire/status/1651275997197615110?s=46
Hedge funder Stanley Druckenmiller says shorting the dollar is the only confident trade he sees now
Druckenmiller bought bitcoin in 2021
https://markets.businessinsider.com/news/currencies/stanley-druckenmiller-shorts-dollar-dominance-dedollarization-fed-rates-weaponized-currency-2023-4
https://www.cryptoglobe.com/latest/2022/06/legendary-investor-stanley-druckenmiller-on-bitcoin-and-gold/
Grayscale’s Solana trust is now tradable on OTC markets
The ticker is GSOL
Currently $2.7M AUM
Technically it’s been active since November 2021, but now it’s publicly traded
Grayscale is the company that runs GBTC, the Grayscale bitcoin trust, which currently manages almost $20B
https://www.globenewswire.com/news-release/2023/04/17/2647933/0/en/Grayscale-Solana-Trust-Now-Trading-on-OTC-Markets.html
https://blockworks.co/news/grayscale-solana-trust-public
Signet reboot?
https://www.coindesk.com/business/2023/04/25/former-signature-bank-crypto-payments-chief-four-of-his-team-join-fortress-trust/
Signature Bank had perhaps the most widely used interbank crypto payments network, called Signet
Now that team - led by Joseph Seibert - is joining Nevada based Fortress Trust
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Crypto twitter…
https://twitter.com/wintersoldierxz/status/1651198204472598528?s=46
Great thread from WinterSoldier
Launch of Curve’s tri-crypto token pool on Ethereum
The pool includes ETH, wrapped BTC, and USDT, and you can easily trade between all 3 of those
https://twitter.com/pledditor/status/1651537713588215811?s=46
Thread on bitcoin news and happenings, for example
-Texas senator Ted Cruz saying he buys some bitcoin every Monday
-Coinbase commits to integrating bitcoin’s lightning network
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Recommended reads…
Great interview with David Marcus, formerly of Facebook and CEO of Libra, who is now building a product on Bitcoin’s Lightning network
https://www.theverge.com/23696466/bitcoin-crypto-lightning-network-lightspark-ceo-david-marcus
Good in-depth piece from Blockworks on NFT collection Doodles
The current Doodles floor price is 2.6e
Doodles CEO is the former Billboard president, Julian Holguin
https://blockworks.co/news/doodles-web3-ip-mainstream
Good analysis of Argentina crypto adoption
51% of Argentinians have bought crypto, up from 12% in 2021, and 27% buy regularly
But adoption is still hampered by fears of scams, and price volatility
https://www.theblock.co/post/226106/argentina-crypto-currency
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That’s it for today! That was 7 minutes long. All the links are in the show notes. You can follow @twodegenspod on Twitter and subscribe for more!
Outro clip is Yano on BTC v ETH path
https://www.youtube.com/watch?v=RNkyE2HgBi4
16:12 - 17:19