Bitcoin Needs Apps
Published on Dec 5, 2023
Sponsor: Kraken — Sign up for an account and see what crypto can be.
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NEED TO KNOW
DeFi Bounces Back
💸 DeFi TVL surges. It's not just Blast; DeFi TVL is up across the board, led by Lido, with crypto TVL now breaking above $50 billion.
🇺🇸 Crypto loses DC ally. Crypto-friendly congressmanPatrick McHenry won't be seeking re-election, a loss for crypto lobbyists.
🤖 Musk's AI bid. Occasional crypto market mover Elon Musk is raising up to $1B for a new AI effort. He has repeatedly said his companies won't issue tokens.
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TODAY IN MARKETS
Terra's Unlikely Resurrection Bid
📊 Signs of Life? Many in crypto wrote off Terra as a total failure after its collapse in May 2022, but signs of life are emerging onchain! Terra Classic (LUNC) and Terra2 (LUNA) have both experienced massive increases in TVL, up 350% and 610%, respectively, over the past month. Can what is dead truly ever die?
Crypto
$1.59T
↗ 3.2%
↗ 11.1%
BTC
$43,725
↗ 4.8%
↗ 14.7%
ETH
$2,266
↗ 1.8%
↗ 10.0%
Notable Movers:
Terra Classic 7d $0.000227
↗ 96.4%
Terra 7d $1.14
↗ 50.3%
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ANALYSIS
Bitcoin Needs Apps
Bankless Author:
Bitcoin has a big problem – its security costs. Miners rely on inflationary block rewards and user transaction fees. Bitcoin must increase transaction fee revenue, but in order to do so, Bitcoin must first give people a reason to want to use it…
Read our full free analysis on our website 👇
FRIEND & SPONSOR: KRAKEN
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
. . .
LATEST POD
Ethereum is Hilariously Underpriced
Someone has to say it. ETH at $2.2k is hilarious. Everyone is out here trading "what-ifs?" this cycle when Ethereum has fundamentals.
Let us tell you why $2.2k ETH doesn't make any sense 👇
. . .
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