Weekly Pill — Volume 015
TL;DR
- ETH ↓7% to $2.9k and BTC ↓3% to $61.7k
- ETHBTC ↓3% at 0.047
- Get Paid to Borrow Bitcoin Round 2
- ETH ETF Impact and BTC Strength
ETH/BTC Market Snapshot
Choppy week as ETH and BTC lose the gains from the previous week. ETH is down 6.7% to $2.9k and BTC is down 3.4% to $61.7k. ETHBTC is also down on the week, ↓3.2% to 0.047
Get Paid to Borrow Bitcoin
In case you missed it, this month we are offering an extra 11 stETH as incentives for opening eBTC CDPs with ETH or WETH.
CDPs need to be open for a week to qualify, so if you’re new, take action before Friday.
Find out more below👇
Dose of ETH
Evanss6 makes Weekly Pill once again for an insightful post on why $ETH has experienced underperformance compared to $BTC and $SOL, as well as reasons why this trend might reverse.
Last week, we explored the potential impact of an ETH ETF on $ETH.
We also conducted a poll to gauge when people believed the ETF would be approved. While most did not expect approval this month, the most popular prediction was later this year 👀
Dose of BTC
A great crypto breakdown by sector shows the importance of nailing the narrative.
Simply holding $BTC has outperformed many assets since the start of the year. If you held $eBTC, even better 😉
Slowly but surely the institutions are coming.
The State of Wisconsin Investment Board just disclosed it holds ~$100M BTC through BlackRock’s Bitcoin ETF which is in addition to $60M of GBTC 🤯
Security Spotlight
Security doesn’t stop at launch. Badger is running a post-launch bug bounty with Immunefi for up to $100k.
