ATH Week 📈

BTC, ETH, BED, DeFi TVL, L2 TVL... everything mooned
Ryan Sean Adams Ryan Sean Adams Oct 23, 20215 min read
ATH Week 📈

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Dear Bankless Nation,

Number went up.

Crypto has been on an absolute tear this week. ATHs all around!

What’s this mean?

It means we’re back in price discovery mode. Valuations have never been higher than this week and it’s anybody’s guess when we’ll level out next.

We’re in uncharted territory and the sentiment is bullish. Has the market properly priced in EIP-1559? What about the recent Bitcoin futures ETF? Or Ethereum’s 90% issuance reduction?

Where will we end up by the end of the year?

It feels good to go up. But also… let’s stay sober.

It’s been a long time since our previous price ATHs in April and May and Crypto Twitter is buzzing with energy. Let’s take a minute to give ourselves a pat on the back, admire our bags, and then get back to building.

Cause there’s still a lot to do:

  • Regulation continues to bear down on crypto. In the US, the White House is considering an executive task force to bring broader oversight to crypto. Our tool here is political activism. Politicians are coming to crypto. Hester Peirce and Andrew Yang are both notable figures, but we need more. Contact your representative. Engage.
  • Less than 5% of the world uses crypto. This is bad and good. The bad—an adoption rate of 3.9% means we’re still a vulnerable minority. Crypto hasn’t achieved its adoption goals. But it’s also good. Think of how many more lives we can improve by going bankless. Crypto is complicated, unfamiliar, and unintuitive. Many people won’t take the plunge until they get help from a friend. They need help from you. You can onboard your friends to crypto.
  • If you really want to do the most you can to help crypto, apply your talents. Get a job in crypto! You can certainly take the leap and find a full-time job, but there’s also a way to start smaller. You can join a DAO. If you’ve kept up with us lately, we’ve covered the basics of DAOs like what DAOs are and how to join. Now, we have a helpful guide on how to earn an income while working at your own pace.

I’ve said it time and time again, but we’re still early. This may not be the ground floor, but we’re somewhere between the first and second inning.

Now that we’re crossing ATHs, let’s use this energy to help the world go bankless.

Here’s what we have planned for this week:

  • Podcast with fund manager Eric PetersInstitutions are Bullish!
  • We’re dropping a massive 🔥 guide on how to earn airdrops
  • Our meta-level view on the state of Ethereum

Have a 💪  weekend.


🙏 Sponsor: Lido—simplified and secure liquid staking for digital assets.

Recap for the week of October 18th, 2021


🎙️ Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed


  1. Execute on any opportunities you saw in Market Monday
  2. Borrow and lend any asset with Rari Capital
  3. Earn income while working for a DAO.
  4. Ponder how crypto can tackle climate change with KlimaDAO
  5. Place your bet on ETH and BTC price predictions for this year


  1. 🎙️ Listen to Forward With Crypto | Andrew Yang
  2. 📺 Watch Danny Ryan | Layer Zero
  3. 📺 Watch The Secret Weapon of DeFi 2.0 | Zeus from Olympus DAO
  4. 📺 Watch A New Era for DeFi | Scoopy Trooples of Alchemix
  5. 📺 Watch David read SEC commissioner Hester Peirce’s speech (ASMR anyone?)


  1. Walk through what we know about Coinbase’s NFT Platform
  2. Safely and securely mint NFTs with this helpful guide
  3. Catch up on drops, releases, and what 🐋s are buying


  1. Catch the State of the DAOs newsletter
  2. Explore EIP-3664 for changeable, upgradeable, and combinable NFTs
  3. Learn about the best ways to compensate DAO contributors
  4. Recap this week in Bankless DAO

Weekly Subscriber Perks 🔥

Bankless Premium Members get access to perks like these:

Launch your own raffle for Bankless Badge holders! Go ahead. We can’t stop you…


🎙️ Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed

🗞️ WEEKLY ROLLUP. Download the crypto meta to your brain in this weekly show.

🎙️ Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed

Jobs opportunities 🧑‍💼

See all listings on the Bankless Job Board

Subscribe to Bankless. $22 per mo. Includes archive access, Inner Circle & Badge.

🙏Thanks to our sponsor


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Want to get featured on Bankless? Send your article to [email protected]

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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Ryan Sean Adams

Written by Ryan Sean Adams

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Crypto investor going bankless.

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