Half a Billion Dollars Overnight
Plus, the indicators of an upcoming BTC bull market
News Recap Synopsis and additional links found on the unchainedpodcast.com website:
This week, MicroStrategy has reiterated its faith in Bitcoin, adding a $175 million purchase of BTC to its prior $250 million investment. We’ll see if the publicly traded company’s conviction persuades other firms to keep their savings in digital gold.
DeFi users have gone mad for Uniswap’s $UNI token, saying it is yet another token representing what some call “the dawn of the ownership economy.” The community acted as expected at the news of the coin’s airdrop, flooding the Ethereum network with requests, and causing Uniswap’s market cap to skyrocket toward $600 million.
Also in this week’s newsletter, we’ve got a roundup on the current state of all things Bitcoin, from its performance compared to other financial assets this year, to the current state of the network’s decentralization. Plus, we follow up on the latest developments in the SushiSwap saga, fill you in on the newest drama threatening to shake the foundation of Bitcoin Cash, and more.
On Unchained, we have a fascinating conversation with the developer of the hottest DeFi community, Yearn Finance/YFI, Andre Cronje, who displays a heartening level of humility and level-headedness. Plus on Unconfirmed, we talk with David Kinitsky, the CEO of what will be the first crypto bank, Kraken Financial. He explains why this is such a big deal, and what it means for users and crypto businesses. Both of these episodes are not to be missed!
Microstrategy Doubles Down on Bitcoin
Uniswap Governance Token $UNI Released, Nearing $600 Million Market Cap
Bitcoin Roundup: Key Indicators for Bitcoin Are Bullish
Cryptocurrencies are the Best Performing Assets of the Year
Fed Determined to Double Inflation
The Current Measure of Bitcoin’s Decentralization
SushiSwap’s Chef Nomi Returns Funds
Unikrn Settles With SEC for $6,1 Million
Why Bitcoin Cash May Fork Into Two — Again
FUN BITS
Crypto Normies Are Coming; Be Nice