# Price Discovery Mode | Weekly Recap *Author: Ryan Sean Adams* *Published: Apr 17, 2021* *Source: https://www.bankless.com/fr/price-discovery-mode-weekly-recap* --- Dear Bankless Nation, *What a week.* Coinbase [went public](https://bankless.ghost.io/coinbase-week-market-monday/) and it’s currently valued at $66B. [Did you buy?](https://bankless.ghost.io/friday-open-thread-did-you-buy-coin/comments) Like clockwork…BTC and ETH also reached new all time highs. Is this early COIN holders rotating into crypto? **Bitcoin** is now the 6th largest asset in the world [on this leaderboard](https://assetdash.com/)—only trailing Google, Microsoft, Apple, Amazon, Saudi Americo. Bitcoin is worth more than the entire Brazilian Stock Market. It’s now bigger than the British Pound Sterling. **ETH** hit its new all time high of $2,500 with a market cap of $290 billion.* Is that high?* That depends what you believe about ETH. Should the world’s new financial system backed by [ultra sound money](https://bankless.ghost.io/-ultra-sound-money-justin-drake) be worth less than Paypal, Bank of America, JP Morgan, and Visa? Because *ETH is still worth less than these legacy banks.* And here’s the thing. Each of these old school banks will be forced to build on top of DeFi and Ethereum—or else they’ll be replaced by someone that does. (*👋 Coinbase*) Even [SEC Commissioner Hester Pierce](https://bankless.ghost.io/-the-sec-and-defi-hester-peirce) is a fan of the [DeFi Mullet Thesis](https://bankless.ghost.io/the-defi-mullet-market-monday-lite/)—traditional finance in the front, DeFi in the back. We made the [case for a trillion dollar ETH](https://bankless.ghost.io/the-trillion-dollar-case-for-eth-eb6/) back when its market cap was $15 billion and everyone thought we were crazy. Now it’s getting close. We’re still in price discovery mode. - RSA *P.S. [Dharma’s](https://bankless.cc/dharma) new upgrade is next level. Invest in Aave, Compound, and Yearn directly from a US-bank account—one tap on your phone. Seriously. [Get the Dharma App now!](https://bankless.cc/dharma)* --- ### **Recap for the week of April 12th, 2021** --- #### **🎙️[WEEKLY PODCAST EPISODE](https://www.youtube.com/watch?v=gd84ALWwpRQ)** [Listen in Podcast App](http://podcast.banklesshq.com/) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058?ls=1) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://youtu.be/gd84ALWwpRQ) | [RSS Feed](http://podcast.banklesshq.com/rss) --- #### **ACTION RECAP** - Execute any good market opportunities you saw in [Market Monday](https://bankless.ghost.io/coinbase-week-market-monday/) - **Trade** [perpetual swaps on the dYdX rollup](https://bankless.ghost.io/how-to-trade-on-the-dydx-rollup/) - **Send **[private payments on Ethereum with Aztec](https://bankless.ghost.io/how-to-send-private-payments-on-ethereum/) 🔥 - **Learn **[about all the other things you can do on Layer 2](https://bankless.ghost.io/7-things-you-can-do-on-layer-2/) - **Share **[whether or not you bought $COIN](https://bankless.ghost.io/friday-open-thread-did-you-buy-coin/comments) #### **Watch & Listen** - 🎙️ Listen to [The SEC and DeFi | Hester Pierce](https://bankless.ghost.io/-the-sec-and-defi-hester-peirce) - 📺 Watch [Eth Devs building DeFi | Preston Van Loon & Will Villanueva](https://bankless.ghost.io/sotn-42-ethereum-devs-building-defi) - 📺 Watch [ROLLUP: BTC & ETH ATHs | Coinbase | Berlin Upgrade](https://bankless.ghost.io/-rollup-btc-and-eth-ath-coin-berlin) - 📺 Watch [our AMA with Stefan Ionescu from Reflexer Labs](https://bankless.ghost.io/-ama-with-stefan-ionescu-of-reflexer) --- ### Weekly Subscriber Perks 🔥 *[Bankless premium members](#/portal/signup) get you access to perks like these:* - **Early Access to **[Before Bitcoin with Pet3rPan](https://bankless.ghost.io/-early-access-before-bitcoin-pet3rpan) - **Exclusive **[debrief following the Hester Pierce podcast](https://bankless.ghost.io/exclusive-debrief-sec-and-defi-with) - **Full access **[to Market Monday reports](https://bankless.ghost.io/coinbase-week-market-monday/) *[Launch your own raffle](https://poap.fun/) for Bankless Badge holders! Could be good marketing :)* [Get Bankless Badge](#/portal/signup) --- #### 📺 **[Episode 42](https://youtu.be/iF5O1rPbsm4) of State of the Nation** 🎙️[Listen to Podcast Episode](http://podcast.banklesshq.com/) | 📺 [Watch the Episode](https://youtu.be/iF5O1rPbsm4) **We’re now live streaming State of the Nation—[join us at 2pm EST](https://www.youtube.com/c/bankless) every Tuesday!** --- **🗞️ [Latest Weekly Rollup.](https://youtu.be/vXUVNDIVBnk)***Download the crypto meta to your brain in this weekly show.* [Listen to podcast episode](http://podcast.banklesshq.com/) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058?ls=1) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://youtu.be/vXUVNDIVBnk) | [RSS Feed](http://podcast.banklesshq.com/rss) --- *\* Bankless team holds crypto assets and advise crypto projects. [Reflexer Labs](https://www.bankless.com/fr/reflexer-labs) is included in our disclosures. See our complete investment disclosures [here](https://www.bankless.com/fr/disclosures)*