About the Weekly Shift Round-Up: Our new weekly free round-up covers the major crypto news from the week, price action and is the place to keep up to date with Collective Shift’s socials or free content. Delivered every Friday.
Welcome to the second issue of the Weekly Shift Round-Up for Friday, January 7.
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š Summary
2022 has kicked off with a fairly shaky start for cryptocurrency markets, as more downside price action continues. Although, there’s been some notable news items and many vibrant discussions from the Collective Shift community and socials!
In this week’s issue:
- Crypto markets continue falling.
- Aave launching a platform for institutions.
- Samsung opens a store in the metaverse.
- Our new Discord server is open to the public!
- Exciting contributions from our community members on DeFi.
š£ Announcements
In last week’s Shift Round-Up we teased our brand new Discord server for our members!
Today, we’re excited to share the Discord sever link for our non-members! The link is open to existing members if you haven’t already joined!
- Non-members will receive a Community-Member role
- While our members have a CS-member role
Non-members will have access to 2 free Discord channels: free-general and free-research.
In the coming weeks, we’ll be ramping up content and engagement in these channels as more non-members flow in!
š The Week In Crypto
Aave Launches Aave Arc
Aave launched Aave Arcāa permissioned DeFi platform for institutions. The platform aims to facilitate crypto lending between institutions in a compliant manner.
Shift takeaway: It opens the door for institutional money to flow into DeFi as the industry matures. Currently, institutional actors are restricted from using DeFi protocols due to the inability to obey KYC and AML procedures.
US Congress Preparing Potential Hearing on Environmental Impacts of BTC Mining
There are multiple reports of a US Congressional subcommittee planning a hearing to discuss the environmental impacts of Bitcoin mining. The subcommittee was formed following the rise in American-based mining companies following the China mining ban. There is currently no set timeframe for the hearing.
Shift takeaway: The environmental impacts of Bitcoin and other blockchains have been a barrier to widespread crypto adoption. Itās a barrier the industry must overcome and a congressional hearing could help ease the environmental concerns of many potential users.
Samsung Opens its First Pop-Up Store in Decentraland
Samsung created its first store in Decentralandāopen to users from Jan. 5 until Jan. 8. The storeās modeled after the company’s flagship New York City store and will create a new medium for users to interact with the brand.
Shift takeaway: The last few months have shown a noticeable increase in corporations hosting metaverse-based events or products. In our opinion, no company has cracked the metaverse code, but increased participation shows corporations are treating the metaverse as a serious engagement opportunity.
š Markets Recap
Cryptocurrency markets have continued its downtrendāin the last 7 days (at time of publication), BTC and ETH remain -9% and -11%, respectively.
Trading volumes have remained relatively low in comparison to the 2021 rally suggesting investors may not be eager to purchase BTC or ETH at current price levels.
At current prices, BTC’s fallen back to levels last seen in early October 2021, essentially bringing the price back in line with Q3 2021 levels. ETH has also struggled as it falls below $3.5Kāhitting 3-month lows.
šŗ Youtube
Weekly Project Discovery with Nathan Gurr (Jan. 3rd)
Projects discussed include Meet with Wallet, huddle01, LinksDAO, The OpenDAO, and more! Watch the full breakdown on our YouTube.
šPodcast
On the go? Listen to past Macro & Crypto Reports via our Podcast!
There’s no new Macro & Crypto Reports this week due to the holiday seasonāexpect this to return to normal in the next week!
š§¾ This week’s free Team Insight
This weekās free Team Insight saw Checkmate provide his analysis on the famous Stock-to-Flow model.
Read the full Team Insight in your inbox or at this link on our Website.
šBest From The Collective Shift Community
Facebook community (CSCC)
Community members pointed out a strong deviation from DeFi token prices compared to DeFi TVL. Historically, the two numbers have been strongly correlated, however over 2021 this correlation has broken down with token prices falling drastically compared to TVL.
Discord
There have been great discord discussions around the problems of DeFi liquidity and protocols looking to overcome a lack of stable liquidity within DeFi.
Twitter
Data on OpenSea transactions suggest NFT markets may be heating up as daily transactions reached 70,000 for the first time in 3 months.
Increased, transactions suggest there is renewed interest in NFTs after a relatively uneventful few months for NFT investors.
šWrap Up
If you want to learn more about cryptocurrency and keep up-to-date with the latest news, research and participate in our community, check out our membership options on our Website.
If you havenāt already, follow us on Twitter, YouTube and Facebook to get the latest.