EthHub Weekly #150
dYdX year in review, Kyber 3.0 announced, the state of eth2 and much more!
|Anthony Sassano||Jan 25||2|
🚀 All Time High
Well ETH reached it’s all time high last week and I was finally let out of Twitter jail but then, of course, it fell back down and just recently it crossed its all time high again - crypto volatility never ceases to amaze me! I wrote some more of my thoughts about the all time high here.
In some personal news, I have stepped down from my full time marketing position at Set Protocol but have stayed on as an advisor to the team. I now work full time for Ethereum and you can read this thread here for more info!
Josh Stark and Evan Van Ness posted a great 2020 roundup of all things Ethereum which you can read here. I particularly liked how they broke the year down into the different themes that we saw play out - it was fun to revisit it all.
Lastly, I joined the Bankless guys last week to talk about the DeFi Pulse Index which you can watch here.
Have a great week everyone!
News of the Week
Coinbase — the largest cryptocurrency exchange in the U.S. — alerted shareholders that the firm would launch a secondary market for its private stock on Nasdaq Private Market.
The move comes ahead of the firm's much-anticipated public market debut. Coinbase, which filed a confidential S-1 in mid-December, said that it would provide further details to shareholders on Monday about the secondary market launch.
"On Monday, January 25 at noon PT you will receive an email from the Nasdaq Private Market with details, including how you can access the market, what shares are eligible for trading, and how the market will function," the message explained.
The move will likely allow current and former employees with vested equity in the firm to sell shares. Nasdaq Private Market offers services for companies ahead of an IPO, including "controlled liquidity programs for pre-IPO companies looking to raise secondary capital for shareholders and investors."
Janet Yellen, the former chairwoman of the U.S. Federal Reserve, moved one step closer to becoming the Biden administration's Treasury Secretary on Friday morning.
The Senate Finance Committee unanimously cleared Yellen's nomination, setting the stage for a full floor vote. Such a vote may come as soon as Friday afternoon based on the pace of confirmations for U.S. President Joe Biden's Cabinet nominations. Yellen is likely to clear a full vote given the 26-0 committee vote.
Assuming Yellen takes the helm at Treasury, she will oversee a government department that has grown its regulatory footprint in the crypto space in recent years.
Yesterday, written testimony published by the Senate indicated that Yellen may take a middle-of-the-road approach to her department's crypto oversight, arguing that the U.S. government should be mindful of both potential benefits and risks.
Ethereum’s next upgrade is almost ready with clients having almost all of the EIPs merged into their codebase.
Restart of the testnet, polishing of the spec, new simulations & analysis and much more in this weeks state of 1559!
In this update, Danny Ryan runs through a recap of eth2, where we’re at today with developments (on both eth1 and eth2) and where we’re going in the future - highly recommend giving it a read!
This update from PryLabs goes through a summary of 2020 and what they have in the pipeline for 2021.
In this post, David Rugendyke explains how decentralized staking on the Rocket Pool network will work.
dYdX had a monster year of growth in 2020 and in this blog post they recap it all from trading growth on the platform to new team members joining.
A major revamp is coming to Kyber Network with a host of new features being planned - all of that is detailed in this new blog post.
This update outlines the plans for Lighthouse over the coming year and provides a great summary of the state of research and development of eth2.
Brave has become the first major browser maker to support IPFS, a peer-to-peer protocol meant for accessing decentralized or censored content.
Arbitrum plans to support a community chain that uses just ETH for transaction fees (no new token).
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Web Developer - APY Vision
Smart Contract Developer - mStable
Content & Social Media Lead - Immutable
+1000’s more on the Cryptocurrency Jobs website!