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We’re not just witnessing the changing nature of market forces. We’re also seeing a shift in the definition of market “fundamentals.”

“Traditional Crypto-Pump groups are being copied and legitimized by WallStreetBets,” Jehan Chu, co-founder and managing partner at Kenetic Capital, told CoinDesk.

The price jump coinciding with Elon Musk’s Twitter attention retraced over the weekend.

Data collected by The Block Research shows that decentralized exchange Uniswap has seen just over $30 billion in volume for January.

That figure eclipses December’s total of roughly $15 billion, and exceeds Uniswap’s previous all-time monthly high of $18.5 billion from September.

In all, the DEX ecosystem reported more than $60 billion in monthly trade volume, led by Uniswap. SushiSwap and Curve reported $13.48 billion and $5.92 billion in monthly volume, respectively. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A reading of Dalio’s first long-form essay on his thoughts about bitcoin and cryptocurrencies.

U.S. Judge Kevin Castel also denied the ethereum developer’s request for more details about what he’s being charged with.

The move is bound to make potential and current crypto investors outside the country uneasy as well.

On this episode of the ‘On Purpose’ podcast, independent registered investment advisor Tyrone Ross digs into the thorny topic of bitcoin and digital assets through the lens of your average Financial Advisor.

The Block Research’s Ryan Todd released a deep-dive profile of crypto lending and depository startup BlockFi last week, which revealed the firm’s nearly $100 million in revenue for 2020.

“According to company documents reviewed by The Block Research, BlockFi now has over $8 billion in total client balances (more than 30x assets on platform in 4Q’19) with more than 125,000 funded accounts (12.5x funded accounts in 4Q’19),” Todd wrote, adding:

“Taken together, BlockFi generated nearly $100 million worth of revenue in 2020 (+22x FY’19 revenue) at nearly ~30% gross profit margins. The company is profitable entering 2021.”

Looking ahead to 2021, BlockFi appears to be eyeing new business avenues. Regulatory filings published earlier this via the SEC’s EDGAR system show that BlockFi filed to register a BlockFi Bitcoin Trust. 

Details about the offering are few, based on the contents of the filing, though to date it appears the trust has yet to raise any funds.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The payments company works with wallets and exchanges to enable crypto purchases, and could eventually use digital currencies over blockchain in the same way it processes traditional money.