Recap: DeFi Week of Jan. 4 🦄

Hello Defiers! Hope you’re having a great weekend. Summing up: The first week of 2021 was intense. The crypto bull run continues to heat up, with ETH getting comfortable at over $1k, and Bitcoin doubling its previous 2017 all-time high and climbing over $40k. DeFi made its own milestones, hitting records in total value locked, DeFi index prices and DEX volume. All metrics seemed to point upwards except ETH locked in DeFi, and we explore why. There was also big news on the regulatory front; the OCC decision to allow banks to transact with stablecoins and operate blockchain nodes, and the deadline to make comments on a FinCen proposal to require KYC on self-hosted wallets —which we covered in out Defiant Weekly video.

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