Daily Crypto NewsEDITION #EP12, 24 August 2020

Moni Talks EP12: The Continuation of DeFi Hype


πŸ“˜ See the vital crypto-market stats here.

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Quick Moni Talks

πŸš€ Bitcoin advocates are heralding the start of a new era.

πŸ“ˆ Exactly one year from now (16 Aug 2021) the Bitcoin stock-to-flow price model predicts 100K for the first time.

πŸ’Έ The search interest for "buy bitcoin" increased rapidly before the halving this year, but has not seen the same growth over the past month as "buy crypto".

🏦 According to AssetDash, Bitcoin has briefly outrun the market cap of the Bank of America.

πŸ… Morgan Creek Digital co-founder, Anthony Pompliano, expects Bitcoin's market cap to surpass gold's market cap by Dec 31, 2029.

πŸ”‘ The decline of Bitcoin exchange balances signals reduced selling pressure.

πŸ‘€ According to TradingView, Tesla, and Bitcoin are the most viewed assets in America.

🏹 Robinhood has announced a $200 million Series G funding at an $11.2 billion valuation from D1 Capital Partners.

πŸ”ˆ Cryptocompare stated that while the volumes of major crypto exchanges have grown, the ones of smaller exchanges have declined.

πŸ”’ The amount of funds locked in DeFi projects continues its surge.


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