The Peyote Report
It’s your boy, @Flaki,
honored to have 51 subs already,
—email cuts short, so click here for the full report…
tldr;
Coca Cola drops their first NFT on Monday
BTC rallies ↑45% over the weekend, settling ↑23%
Regulators flock to DeFi apps valued at billions
Viitalik speaks on the scalability of “Social Goods” at EthConf 21
Chris Rock, Mila Kunis, Kutcher, MacFalign, Jane Fonda, & Vitalik drop StonerCats & fees on the eth-network skyrocket
China preps for the 2022 Olympics by saying “our crypto will be a window into every transaction”
MOVES
India begins issuing diplomas on-chain for higher edu
Bezos wants to dominate the infrastructure in crypto but is sneaky about it
FTX raises 900m, CEO wants to buy Goldman Sachs, and did I mention they’re MLB's official crypto partner
And my brown friend Chamath invests in Solana-chains stable coin Saber
NFTs
gaming platform Axie surpasses NBA TopShots in volume for the first time
Chicago Bulls begin minting 6 championship rings
Shopify tests NFT feature with select users
Stoner Cats breaks Etherium
MARKETS
With The B Word Conference, JP Morgan allowing crypto ETFs, and regulation coming, is tradfi fomo’in in?
Upside
BTC having coffee at $40k —trading history suggests when a rally occurs, it happens quickly
Downside
Only 15% of the volume is retail…so is this a pump & dump or an accumulation phase from institutional investors
“billions flows into Bitcoin in less than a week to manipulate the market and wipe out shorts then sell back at the top. Rinse and repeat”
REGULATION
Look who joins Twitter this week with opinions on crypto:
Look which former SEC President joins as CEO of an exchange:
Aaave begins regulated “permissioned liquidity pools”
Uniswap delists risky crypto coins as rumors of products with Robinhood emerge
CHINA, CHINA, CHINA
Earlier this quarter banning bitcoin, then miners, the CCP cuts private education into pieces this week —Que Pasa?
This causes major selloffs in investments from the west…
Why is China burning bridges in its private sector mitigating international investment?
They see how big tech has western government by the balls…
…so the CCP hijacks any company that gets too big and throttles shareholder value for long-term communist growth?
“They’re thinking in centuries not quarters”
SOCIAL GOODS
If you’re in crypto just to make money —Good for you, you filthy animal. But outside of degenerative trading, The annual EthConf[4] 2021 was last week, where Vitalik said:
“finance is the first to decentralize and it’s great that people are making money but what about social media, social goods, and other forms of centralization needing disruption?”
—but for TLDR folks:
collaborate with other chains
lower gas & slippage fees
incentivize smaller transactions to come on-chain
drive development on roll-ups & other layers 2 solutions
NFT social media identities interacting autonomously
Aaave founder shoots his shot:
recap
The EthConf addresses the future of blockchain where The B-WordConf addresses general adoption
DeFi protocols rumored to partner with Robinhood
China wants to control everything, like Jefferey Bezos
Chamath, Peter Thiel, and any hot VC makes investments in defi ecosystems
NFTs begin to change the money flow for creators, currently only profiting tech
tasty NFTS
art as food for thought
Thank You
As our community grows, It’s my job to keep you curious & informed.
Until next Thursday…🤝
Flaki
—would you buy an NFT?