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Top Stories
Coinbase met with SEC over spot Ethereum ETFs — Read
Wyoming passes law to give DAOs a nonprofit legal framework — Read
What’s happening with ex-Terraform CEO Do Kwon? — Read
Bitcoin price briefly tops $70K to reach new all-time high — Read
Ethereum hits $4K for first time since December 2021 — Read
Top Insights
We're Watching
This week, Dan Tapiero Founder of 10T Holdings joins the show for a discussion on the current Bitcoin, macro & crypto landscape as Bitcoin briefly crossed it's prior all-time high. We deep dive into the massive unlock approval of the Bitcoin ETFs create as inflows continue to climb higher. To hear all this & more, you'll have to tune in!
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What’s Trending
Trustworthy stablecoins (USDT, USDC, etc) across defi are earning 20-30% right now on trustworthy platforms (Compound, etc), where they're being lent out with overcollateralized loans.
How can rates get this high without enticing large financial players to convert bank fiat… twitter.com/i/web/status/1…
— Erik Voorhees (@ErikVoorhees)
Mar 9, 2024
Many people interpreting the rate increase on MKR as bearish. Study the following
Revenue: $4.4Bn DAI * 11% blended average rate across
RWA, PSM, Crypto collateral types = ~$500m of revExpenses:
1.15Bn DAI in the DSR earning 10% = $115M expenses
MKR Core expenses = $50Myear… twitter.com/i/web/status/1…— Vance Spencer (@pythianism)
Mar 9, 2024
current base case is we top around halving (april) or eth etf (may). things got too bubbly too quick.
not a particularly actionable forecast, but rather just mentally preparing for it. because when things get truly frothy it’ll be difficult to press the sell button
afterwards… twitter.com/i/web/status/1…
— qw (@QwQiao)
Mar 8, 2024
recent research
Research
It's increasingly apparent that orderbooks represent the most efficient model for perpetual trading, with the primary obstacle being that the most popular blockchains are ill-suited for hosting a fully onchain orderbook. Hyperliquid is a perpetual trading protocol built on its own L1 that aims to replicate the user experience of centralized exchanges while offering a fully onchain orderbook.
by Carolina
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