{"id":3749,"date":"2021-01-20T14:32:05","date_gmt":"2021-01-20T13:32:05","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=3749"},"modified":"2022-03-15T11:13:56","modified_gmt":"2022-03-15T10:13:56","slug":"crypto-highlights-week-3-coinshares-to-launch-200m-bitcoin-etp-on-swiss-stock-exchange","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/3749","title":{"rendered":"Crypto Highlights Week #3 \u2013 CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><em>Gemini hints on \u201cgoing public\u201d, Three reasons ETH reached new ATH, CoinShares to launch $200m Bitcoin ETP, DEX volume set to hit ATH, Canadian lists bitcoin as a possible future reserve currency: There is more in this week\u2019s Crypto Highlights.&nbsp;<\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#Top_Headlines_Of_The_Week\" title=\"Top Headlines Of The Week\">Top Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#Januarys_decentralized_exchange_volumes_are_on_track_to_reach_record_highs\" title=\"January&#8217;s decentralized exchange volumes are on track to reach record highs\">January&#8217;s decentralized exchange volumes are on track to reach record highs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#We_are_watching_the_market_Gemini_considering_public_markets_debut\" title=\"&#8216;We are watching the market:&#8217; Gemini considering public markets debut\">&#8216;We are watching the market:&#8217; Gemini considering public markets debut<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#Former_Canadian_Prime_Minister_Lists_Bitcoin_as_Possible_Future_Reserve_Currency\" title=\"Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency\">Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#Mainstream_Adoption_Of_The_Week\" title=\"Mainstream Adoption Of The Week\">Mainstream Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#CoinShares_to_launch_200m_Bitcoin_ETP_on_Swiss_stock_exchange\" title=\"CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange\">CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#SaTT_X_Ethereum_20_Series_Episode_1\" title=\"SaTT X Ethereum 2.0 Series: Episode 1\">SaTT X Ethereum 2.0 Series: Episode 1<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#3_reasons_why_Ethereum_has_been_rising_faster_than_Bitcoin_price_in_2021\" title=\"3 reasons why Ethereum has been rising faster than Bitcoin price in 2021\">3 reasons why Ethereum has been rising faster than Bitcoin price in 2021<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/3749\/#Crypto_Meme_Of_The_Week\" title=\"Crypto Meme Of The Week\">Crypto Meme Of The Week<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_Of_The_Week\"><\/span><b>Top Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2473\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1267580-1.jpg\" alt=\"SaTT advertising\" width=\"700\" height=\"438\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1267580-1.jpg 1920w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1267580-1-300x188.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1267580-1-1024x640.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1267580-1-768x480.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/08\/1267580-1-1536x960.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li><strong>Bitcoin might soon join the list of reserve currencies as former prime minister of Canada Stephen Harper hints.<\/strong><\/li>\n<li><strong>Following Coinbase and Bakkt footsteps, Gemini might be the next exchange to consider \u201cgoing public\u201d<\/strong><\/li>\n<li><strong>Digital asset manager CoinShares is starting 2021 off with a bang by launching a $200 million physically-backed Bitcoin ETP on Switzerland\u2019s SIX exchange.<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Januarys_decentralized_exchange_volumes_are_on_track_to_reach_record_highs\"><\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/91539\/januarys-decentralized-exchange-volumes-are-on-track-to-reach-record-highs\" target=\"_blank\" rel=\"noopener\"><b><i>January&#8217;s decentralized exchange volumes are on track to reach record highs<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3750\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/aUqR02WsSpecQCpQQow8_5c99e6f475cd1.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/aUqR02WsSpecQCpQQow8_5c99e6f475cd1.jpg 1280w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/aUqR02WsSpecQCpQQow8_5c99e6f475cd1-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/aUqR02WsSpecQCpQQow8_5c99e6f475cd1-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/aUqR02WsSpecQCpQQow8_5c99e6f475cd1-768x432.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Before now, centralized exchanges have been the most dominant exchange across the crypto industry, even though this hasn&#8217;t changed much but the narrative of Decentralized Exchanges (DEXes) are beginning to take a positive turn with most AMM-based DEX leading the pack.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The decentralized exchange (DEX) volumes for December are set to break September 2020&#8217;s record highs. According to data compiled by The Block, current DEX volumes for January 2021 currently sits at $26.01 billion with 15 days remaining for the month. In September, DEX volumes reached $26.6 billion which was fueled by<\/span> <a href=\"https:\/\/www.theblockcrypto.com\/genesis\/77639\/the-summer-of-defi\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DeFi Summer<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Uniswap currently makes up 44.85% of January\u2019s trading volume, with SushiSwap (22.19%) and Curve (12.98%) in second and third place, respectively. Despite the insane Ethereum\u2019s gas price, traders seem to be flocking to DEX.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"We_are_watching_the_market_Gemini_considering_public_markets_debut\"><\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/91251\/winklevoss-twins-weighing-taking-gemini-public\" target=\"_blank\" rel=\"noopener\"><b><i>&#8216;We are watching the market:&#8217; Gemini considering public markets debut<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3751\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Gemini-Review-e1534189949312.png\" alt=\"\" width=\"700\" height=\"350\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Gemini-Review-e1534189949312.png 1000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Gemini-Review-e1534189949312-300x150.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Gemini-Review-e1534189949312-768x384.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">\u201cGoing public\u201d seems to be the new norm in the cryptocurrency industry, as Gemini considers daring the same path as Coinbase.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gemini\u2019s Tyler and Winklevoss are exploring a stock market debut for its U.S based crypto exchange. This was made known in a report published by<\/span> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-14\/winklevoss-twins-consider-taking-gemini-crypto-exchange-public?utm_content=crypto&amp;utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=socialflow-organic\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bloomberg News<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">In an interview with Bloomberg, the twins who founded the exchange in 2013 revealed that going public is one option they are currently exploring for the crypto firm.&nbsp;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">&#8220;We are watching the market and we are also having internal discussions on whether it makes sense for us at this point in time,&#8221; Cameron Winklevoss, co-founder of Gemini, commented.&nbsp;<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">If this move pulls through, Gemini would join a growing list of crypto firms with plans to tap into the public markets. Some firms \u2014 including Bakkt and Coinbase who are already on this journey. Bakkt<\/span> <a href=\"https:\/\/www.theblockcrypto.com\/linked\/90747\/bakkt-going-public-new-york-stock-exchange-spac\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced<\/span><\/a> <span style=\"font-weight: 400;\">at the beginning of the week that it would go public through a merger with a special purpose acquisition vehicle while last year Coinbase filed a<\/span> <a href=\"https:\/\/www.theblockcrypto.com\/linked\/88293\/coinbase-s-1-potential-ipo-filing\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">confidential<\/span><\/a> <span style=\"font-weight: 400;\">S-1 to go public.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Former_Canadian_Prime_Minister_Lists_Bitcoin_as_Possible_Future_Reserve_Currency\"><\/span><a href=\"https:\/\/www.coindesk.com\/former-canada-prime-minister-stephen-harper-bitcoin-reserve-currency\" target=\"_blank\" rel=\"noopener\"><b><i>Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3752\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/harper-1-696x464-1.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/harper-1-696x464-1.jpg 696w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/harper-1-696x464-1-300x200.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin continues to march to mainstream adoption, this time it&#8217;s not just institutions that are getting involved but most nations are now looking at adopting Bitcoin.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the U.S dollar retaining its dominant role as the world\u2019s largest reserve currency, economist and the former prime minister of Canada Stephen Harper, said bitcoin could potentially be used as a reserve currency, but it isn\u2019t going to supplant the U.S. dollar\u2019s international role.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a recent<\/span> <a href=\"https:\/\/www.youtube.com\/watch?v=_z2np-I1YGE&amp;feature=youtu.be\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">interview<\/span><\/a> <span style=\"font-weight: 400;\">with Cambridge House\u2019s Jay Martin on Sunday, Harper acknowledged the U.S. dollar had been on a steep downtrend but noted that there were few viable international alternatives, even by merely looking at the euro and the yuan.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cUnless the U.S. becomes a catastrophe, it\u2019s hard to see what the alternative is to the U.S. dollar as the world\u2019s major reserve currency. Other than you know gold, bitcoin [and] a whole basket of things, right?\u201d said Harper. \u201cI think you\u2019ll see that the number of things that people use as reserves will expand, but the U.S. dollar will still be the bulk of it.\u201d&nbsp;<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_Of_The_Week\"><\/span><b>Mainstream Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"CoinShares_to_launch_200m_Bitcoin_ETP_on_Swiss_stock_exchange\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/coinshares-to-launch-200m-bitcoin-etp-on-swiss-stock-exchange?\" target=\"_blank\" rel=\"noopener\"><b><i>CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3753\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/0e6f9ed86d75df5ba6c967e25efb4b03.png\" alt=\"\" width=\"700\" height=\"289\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/0e6f9ed86d75df5ba6c967e25efb4b03.png 1400w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/0e6f9ed86d75df5ba6c967e25efb4b03-300x124.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/0e6f9ed86d75df5ba6c967e25efb4b03-1024x423.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/0e6f9ed86d75df5ba6c967e25efb4b03-768x317.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">As Bitcoin ETF delays, ETP has largely served in the place of a Bitcoin ETF and has been largely adopted. In recent news, <\/span><span style=\"font-weight: 400;\">digital asset manager CoinShares is \u201cstarting 2021 off with a bang\u201d by launching a $200 million physically-backed Bitcoin ETP on Switzerland\u2019s SIX exchange.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Relying on a <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-18\/coinshares-is-starting-an-exchange-traded-bitcoin-product\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">report from Bloomberg<\/span><\/a><span style=\"font-weight: 400;\">, the Bitcoin ETP <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-18\/coinshares-is-starting-an-exchange-traded-bitcoin-product\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">will<\/span><\/a><span style=\"font-weight: 400;\"> go live on Switzerland\u2019s principal stock exchange tomorrow under the ticker symbol BITC. According to the information released, the ETP will be physically backed by 0.001 Bitcoin (<\/span><a href=\"https:\/\/cointelegraph.com\/bitcoin-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\">) \u2014 worth roughly $36 at press time.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The custodian behind the ETP will be Komainu, a partnership established by CoinShares, Japanese bank Nomura Holdings, and hardware wallet manufacturer Ledger during June 2020. In a <\/span><a href=\"https:\/\/twitter.com\/Melt_Dem\/status\/1351241569697992705\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> by CoinShares chief strategy officer Meltem Demirors, he stated that the ETP will launch with $200 million in assets under management or AUM.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b>Exclusive From SaTT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_X_Ethereum_20_Series_Episode_1\"><\/span><a href=\"https:\/\/satt-token.com\/blog\/2021\/01\/06\/3285\/\"><b><i>SaTT X Ethereum 2.0 Series: Episode 1<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2812\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/sattv.jpg\" alt=\"\" width=\"700\" height=\"328\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/sattv.jpg 1920w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/sattv-300x141.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/sattv-1024x480.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/sattv-768x360.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/sattv-1536x720.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">SaTT takes the spotlight in this week&#8217;s crypto highlights with Ethereum rolling out 2.0. The primary difference between Ethereum 1.0 and Ethereum 2.0 is the underlying consensus protocol. Until recently, the Ethereum network only used the PoW consensus protocol. The rollout of Ethereum 2.0, which is a four-phase process, began in December 2020.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, Ethereum 2.0 functions alongside Ethereum 1.0. It uses the proof-of-stake consensus protocol instead of the proof-of-work protocol used by Ethereum 1.0. As ETH scales and moves to a better chain, this development affects the SaTT ecosystem in some great ways.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This upgrade will make the network more sustainable, scalable and will likely cut down the outrageous Ethereum network fees, opening the network to massive growth which will directly benefit all Ethereum-based projects including SaTT.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As all SaTT users should know, Ethereum is our choice of protocol and we are very excited about the improvements in Ethereum 2.0. In the next episode, we will expand more on how these improvements impact SaTT.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"3_reasons_why_Ethereum_has_been_rising_faster_than_Bitcoin_price_in_2021\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/3-reasons-why-ethereum-has-been-rising-faster-than-bitcoin-price-in-2021?\" target=\"_blank\" rel=\"noopener\"><b><i>3 reasons why Ethereum has been rising faster than Bitcoin price in 2021<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-758\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2018\/10\/ethereumpic1-e1539264201384.png\" alt=\"\" width=\"700\" height=\"322\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2018\/10\/ethereumpic1-e1539264201384.png 3840w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2018\/10\/ethereumpic1-e1539264201384-300x138.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2018\/10\/ethereumpic1-e1539264201384-1024x471.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2018\/10\/ethereumpic1-e1539264201384-768x353.png 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2018\/10\/ethereumpic1-e1539264201384-1536x706.png 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Since hitting $40k, Bitcoin has consolidated below the $38k range in the past few days giving room for altcoins to rally near record highs. While Bitcoin consolidates, gearing for the next price action, Ethereum (ETH) has seen a massive rally since the start of the year with most top traders calling out a new all-time high in ETH price.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The native cryptocurrency of the Ethereum blockchain has gained roughly 81% compared to Bitcoin&#8217;s 26% in their respective USD pairs year-to-date.<\/span><span style=\"font-weight: 400;\"> Following this rally, ETH has surged to set new ATH in most exchanges including the U.S regulated exchange Coinbase. Three factors seem to be playing out as ETH outperforms BTC.&nbsp;<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ethereum has witnessed a massive growth currently being fueled by DeFi: the rally of DeFi tokens has partly fueled the fast-growing total value locked (TVL) of the DeFi market, which brings the TVL to over $25 billion, there is more capital locked across DeFi protocols than ever before, which signals massive demand for ETH.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bitcoin is consolidating with lower volatility: since hitting $40k, BTC has consolidated below the $38k range giving way for other large-cap altcoins including ETH to rally.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Following the launch of ETH2.0, the Ethereum ecosystem is also witnessing an increase in activity, signalling massive growth in ETH price.<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_Meme_Of_The_Week\"><\/span><b>Crypto Meme Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3754\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Picture-1-e1611149624942.png\" alt=\"\" width=\"700\" height=\"522\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Picture-1-e1611149624942.png 971w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Picture-1-e1611149624942-300x224.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Picture-1-e1611149624942-768x573.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2021\/01\/12\/crypto-highlights-week-2-news-from-around-the-globe-satt-token\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Gemini hints on \u201cgoing public\u201d, Three reasons ETH reached new ATH, CoinShares to launch $200m Bitcoin ETP, DEX volume set to hit ATH, Canadian lists bitcoin as a possible future reserve currency: There is more in this week\u2019s [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-3749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=3749"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3749\/revisions"}],"predecessor-version":[{"id":10989,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3749\/revisions\/10989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3227"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=3749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=3749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=3749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}