TL,DR:
- Goldman Highlights Bitcoin as Best-Performing Asset
- Internal war breaks out at DefiLlama as ‘rogue’ employees reject token plan
- Former Coinbase CTO makes $2M bet on Bitcoin’s performance
- The $ARB airdrop is coming
- SVB Analysis Shows More Than 186 US Banks Might Still Collapse
Table of Contents
Goldman Highlights Bitcoin as Best-Performing Asset
Goldman Sachs has highlighted Bitcoin as the best-performing asset of 2021, surpassing traditional investments such as stocks, bonds, and commodities.
The investment bank has attributed this performance to Bitcoin’s increasing acceptance as a store of value, inflation hedge, and digital gold.
Despite its volatility, Goldman Sachs sees Bitcoin as a viable investment option for investors looking to diversify their portfolios and hedge against inflation.
Internal war breaks out at DefiLlama as ‘rogue’ employees reject token plan
DeFiLlama, a popular DeFi aggregator, is currently facing an internal conflict between its co-founders.
The dispute centers around the level of decentralization the platform should have and how it should be managed.
One of the co-founders, Jose Maria Macedo, has resigned from the project citing concerns over the direction the platform is taking.
Macedo has alleged that the other co-founder, LLama, has taken control of the project and is mismanaging funds.
DeFiLlama has stated that the allegations are unfounded and that the platform is committed to transparency and decentralization.
Former Coinbase CTO makes $2M bet on Bitcoin’s performance
Former Coinbase CTO, Balaji Srinivasan, has placed a $2 million bet on the future performance of Bitcoin.
The bet was made through the crypto derivatives platform, Deribit, and is a call option on Bitcoin reaching $100,000 by September 2021.
If Bitcoin does reach this price target, the call option will be worth $100 million.
Srinivasan has been a long-time advocate for Bitcoin and has previously made bullish predictions about its future value.
Original Tweet: https://twitter.com/balajis/status/1636797265317867520?s=20
The $ARB airdrop is coming
Arbitrum, a Layer 2 scaling solution for Ethereum, has announced an airdrop of its native token, ARB, to users of its platform.
The airdrop will distribute a total of 10 million ARB tokens to eligible users who have transacted on the Arbitrum network before a specified date.
ARB tokens can be used to pay transaction fees on the Arbitrum network and can also be staked to earn rewards.
While the airdrop may provide a short-term boost to the price of ARB, it is unclear if the token will be a good long-term investment as it faces competition from other Layer 2 scaling solutions and may also be affected by the overall performance of the cryptocurrency market.
Other news and updates:
- R. Kiyosaki warns US inflation is now systemic
- Crypto Flourishes in Vietnam With 16.6 Million Holders
- World’s largest asset manager BlackRock is exploring ‘tokenization of stocks’
- Microsoft testing crypto wallet in its web browser Edge: Bleeping Computer
- Coinbase is planning to set up crypto trading platform outside US
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