{"id":3771,"date":"2021-02-02T13:05:04","date_gmt":"2021-02-02T12:05:04","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=3771"},"modified":"2022-03-15T11:13:44","modified_gmt":"2022-03-15T10:13:44","slug":"crypto-highlights-week-5-uniswap-logs-more-than-30-billion-in-monthly-trade-volume-for-january","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/3771","title":{"rendered":"Crypto Highlights Week #5 \u2013 Uniswap logs more than $30 billion in monthly trade volume for January"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><em>Ripple defends its case against SEC, January sees $237 billion in monthly stablecoin volume, Elon Musk talks about Bitcoin, Coinbase plans direct stock listing, Uniswap logs more than $30 billion in trading volume: 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\/3771\/#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\/3771\/#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\/3771\/#Ripple_demands_to_know_why_Ether_isnt_a_security_as_XRP_defense_gets_desperate\" title=\"Ripple demands to know why Ether isn&#8217;t a security as XRP defense gets desperate\">Ripple demands to know why Ether isn&#8217;t a security as XRP defense gets desperate<\/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\/3771\/#Uniswap_logs_more_than_30_billion_in_monthly_trade_volume_for_January\" title=\"Uniswap logs more than $30 billion in monthly trade volume for January\">Uniswap logs more than $30 billion in monthly trade volume for January<\/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\/3771\/#January_sees_237_billion_in_monthly_stablecoin_volume_thus_far_breaking_prior_record\" title=\"January sees $237 billion in monthly stablecoin volume thus far, breaking prior record\">January sees $237 billion in monthly stablecoin volume thus far, breaking prior record<\/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\/3771\/#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\/3771\/#Coinbase_unveils_its_plans_to_go_public_later_this_year\" title=\"Coinbase unveils its plans to go public later this year\">Coinbase unveils its plans to go public later this year<\/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\/3771\/#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\/3771\/#Smart_Advertising_Transaction_Token_Doubles_Down_On_Decentralization\" title=\"Smart Advertising Transaction Token Doubles Down On Decentralization\">Smart Advertising Transaction Token Doubles Down On Decentralization<\/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\/3771\/#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\/3771\/#Elon_Musk_Bitcoin_is_on_the_verge_of_seeing_broader_acceptance_by_finance\" title=\"Elon Musk: Bitcoin is on the verge of seeing broader acceptance by finance\">Elon Musk: Bitcoin is on the verge of seeing broader acceptance by finance<\/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\/3771\/#Meme_Of_The_Week\" title=\"Meme Of The Week\">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=\"alignnone wp-image-3774\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-4.png\" alt=\"\" width=\"700\" height=\"403\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-4.png 977w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-4-300x173.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-4-768x442.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Ripple has argued that XRP is not a security and is also not under the jurisdiction of the U.S SEC, The payment giant seems to be dragging ETH into its case with the SEC.&nbsp;<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>San Francisco based exchange Coinbase is reportedly considering a direct listing in its bid to go public.&nbsp;<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>Uniswap trading volume keeps setting new highs, the DEX saw over $30 billion in trading volume, surging past its previous all-time monthly high of $18.5 billion.&nbsp;<\/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=\"Ripple_demands_to_know_why_Ether_isnt_a_security_as_XRP_defense_gets_desperate\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/ripple-demands-to-know-why-ether-isn-t-a-security-as-xrp-defense-gets-desperate?\" target=\"_blank\" rel=\"noopener\"><b><i>Ripple demands to know why Ether isn&#8217;t a security as XRP defense gets desperate<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3775\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/ripplecoin1600.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/ripplecoin1600.jpg 1600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/ripplecoin1600-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/ripplecoin1600-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/ripplecoin1600-768x432.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/ripplecoin1600-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The case against Ripple by the United States Security and Exchange Commission is getting heated up by the day with Ripple seeking redress of the initial charges levied against the payment company.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple Labs lodged its reply to the SEC&#8217;s complaint on Jan. 29. In the <\/span><a href=\"https:\/\/beta.documentcloud.org\/documents\/20466767-ripple-jan-29-response-to-sec\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">blog post<\/span><\/a><span style=\"font-weight: 400;\">, Ripple argued that XRP is not a security and is also not under the jurisdiction of the U.S SEC. Somehow Ripple is ready to pull the remainder of the industry into its fight just to proves its point to the U.S SEC:&nbsp;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">&#8220;The SEC has clearly picked two winners and ignored a growing and robust industry that is much larger than Bitcoin and Ether. In addition to discovery we will seek directly in the lawsuit, we filed a Freedom of Information Act (FOIA) request for more information about how the SEC determined the status of Ether as a non-security.&#8221;&nbsp;<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The FOIA request in question calls Ether&#8217;s status into question. SEC members have reiterated several times that Ether is sufficiently decentralized to qualify as a commodity, although its pre-sale may have been a securities offering at the time, and thus, Ether trading in the U.S. is under the control of the Commodity Futures Trading Commission.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the case against Ripple came to public notice, the price of XRP, the native token of the Ripple network has tanked significantly, shedding billions of dollars in market cap. Ripple&#8217;s latest response to SEC brought a relieved rally, sending the digital assets back to $0.6, almost 100% gains in price.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Uniswap_logs_more_than_30_billion_in_monthly_trade_volume_for_January\"><\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/93211\/dex-uniswap-monthly-volume-january\" target=\"_blank\" rel=\"noopener\"><b><i>Uniswap logs more than $30 billion in monthly trade volume for January<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3776\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Uniswap.jpeg\" alt=\"\" width=\"700\" height=\"393\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Uniswap.jpeg 2190w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Uniswap-300x168.jpeg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Uniswap-1024x575.jpeg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Uniswap-768x431.jpeg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Uniswap-1536x863.jpeg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">With the rise in DeFi products, decentralized exchanges have taken a huge hit, churning billions of dollars in trading volume. Contrary to what we know to be the narrative, DEXes are now doing so much in trading volume with Uniswap leading the pack.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data <\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/93211\/dex-uniswap-monthly-volume-january\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">gathered<\/span><\/a><span style=\"font-weight: 400;\"> by The Block Research indicates that for January, decentralized exchange Uniswap saw over $30 billion in value traded. That figure eclipses December&#8217;s total of roughly $15 billion and surges past Uniswap&#8217;s previous all-time monthly high of $18.5 billion witnessed in September.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In total, more than $60 billion in monthly trade volume was witnessed across all decentralized exchanges, as led by Uniswap. SushiSwap and Curve, respectively, posted $13.48 billion and $5.92 billion in monthly value. This is a pointer to the fact that more traders are now jumping into AMM-based DEXes, thanks to its simplicity.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"January_sees_237_billion_in_monthly_stablecoin_volume_thus_far_breaking_prior_record\"><\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/92403\/january-monthly-onchain-stablecoin-volume\" target=\"_blank\" rel=\"noopener\"><b><i>January sees $237 billion in monthly stablecoin volume thus far, breaking prior record<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Despite regulatory uncertainties, interest around private stablecoins continues to witness some massive spike, sending it to new highs. Most merchants who accept digital asset payment have swiftly turned to crypto stablecoins while the adoption of CBDC lingers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to data collected by The Block, January saw more than $230 billion in on-chain stablecoin volume since the start of the month. That number reflects the highest monthly amount of its kind, $237.2 billion as of January 25, surpassing the sum of $178.3 billion in December by 33 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tether maintains its dominance streak as the bulk of the amount was seen by USDT (Tether) at 62.9 percent, followed by USDC (USD Coin) with 21.0 percent and DAI with 9.1 percent. By visiting The <\/span><a href=\"https:\/\/www.theblockcrypto.com\/data\/decentralized-finance\/stablecoins\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Block&#8217;s Data Dashboard<\/span><\/a><span style=\"font-weight: 400;\">, you can find more data about this information, as well as a wide variety of crypto-related areas.<\/span><\/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=\"Coinbase_unveils_its_plans_to_go_public_later_this_year\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/coinbase-unveils-plans-for-direct-stock-listing?\" target=\"_blank\" rel=\"noopener\"><b><i>Coinbase unveils its plans to go public later this year<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3778\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Coinbase-pay-disparity.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Coinbase-pay-disparity.jpg 2560w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Coinbase-pay-disparity-300x200.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Coinbase-pay-disparity-1024x683.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Coinbase-pay-disparity-768x512.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Coinbase-pay-disparity-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">San Francisco based exchange Coinbase, one of the world\u2019s largest digital currency exchanges, has made headlines for its purported move to consider a direct listing. In an official statement published in <\/span><a href=\"https:\/\/blog.coinbase.com\/coinbase-announces-proposed-direct-listing-3a52c4298ccc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">a blog post<\/span><\/a><span style=\"font-weight: 400;\">, the cryptocurrency exchange revealed plans to pursue a direct listing of its Class A common stock, pursuant to a statement of registration with the Securities and Exchange Commission of the United States.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the securities regulator finishes its analysis, the Form S-1 registration statement will become valid. This direct listing format would not issue new shares, but would directly sell existing shares to the public instead. This presents an opportunity to sell without lockups, a model recently used by Palantir which has the potential to produce &#8220;instant billionaires.&#8221; These might be some of the benefits for those holding stock in the company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The last valuation of Coinbase, in 2018, <\/span><a href=\"https:\/\/cointelegraph.com\/news\/coinbase-raises-300-million-in-new-funding-round-to-accelerate-cryptocurrency-adoption\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">saw the company<\/span><\/a><span style=\"font-weight: 400;\"> pegged at $ 8 billion. Crypto analytics firm Messari said, after a public offering, the exchange <\/span><a href=\"https:\/\/cointelegraph.com\/news\/messari-values-coinbase-at-28-billion-following-ipo-filing\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">could be worth<\/span><\/a><span style=\"font-weight: 400;\"> $28 billion. By examining the company&#8217;s different business divisions, including trading, custody, and debit cards, Messari was able to arrive at the valuation.<\/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=\"Smart_Advertising_Transaction_Token_Doubles_Down_On_Decentralization\"><\/span><a href=\"https:\/\/bitcoinist.com\/smart-advertising-transaction-token-satt-doubles-down-on-decentralization\/\" target=\"_blank\" rel=\"noopener\"><b><i>Smart Advertising Transaction Token Doubles Down On Decentralization<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\"attachment_3086\" style=\"width: 710px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3086\" class=\"img-responsive wp-image-3086\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap.jpeg\" alt=\"SaTT Roadmap\" width=\"700\" height=\"747\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap.jpeg 776w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap-281x300.jpeg 281w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Roadmap-768x819.jpeg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><p id=\"caption-attachment-3086\" class=\"wp-caption-text\">SaTT Roadmap<\/p><\/div>\n<p><span style=\"font-weight: 400;\">Since launch, Smart Advertising Transaction Token commonly known as <\/span><a href=\"https:\/\/satt-token.com\/\"><span style=\"font-weight: 400;\">SaTT<\/span><\/a><span style=\"font-weight: 400;\"> has been making headlines in the crypto airwaves for their revolutionary blockchain-based products.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Early this year, we<\/span><a href=\"http:\/\/www.itbusinessnet.com\/2020\/04\/get-paid-automatically-with-satt-for-your-post-now-available-for-instagram-facebook-twitter-and-youtube\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">integrated<\/span><\/a> <span style=\"font-weight: 400;\">its decentralized advertising solution with the top social media platforms including Facebook, Instagram, Youtube, and Twitter. Allowing advertisers to promote their products and services through influential marketing strategies.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To fulfill our promise of a fully decentralized, open-source blockchain-based advertising solution, we have embarked on a 6-month road map aimed at making all products under the SaTT ecosystem fully open-source. With this move, we aim to build a project that can benefit from community contributions and exceed our vision and know-how, establishing itself as a universal reference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For this six months period, we will be focused on releasing our enterprise crypto wallet for iOS users, redeploying the SaTT wallet interfacing, adopting \u201cPay by SaTT\u201d for enterprise e-commerce, and many more.&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=\"Elon_Musk_Bitcoin_is_on_the_verge_of_seeing_broader_acceptance_by_finance\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/elon-musk-bitcoin-is-on-the-verge-of-seeing-broader-acceptance-by-finance\" target=\"_blank\" rel=\"noopener\"><b><i>Elon Musk: Bitcoin is on the verge of seeing broader acceptance by finance<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3779\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/1390940.jpg\" alt=\"\" width=\"700\" height=\"415\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/1390940.jpg 750w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/1390940-300x178.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In a Clubhouse conversation held on Feb. 1, the world richest man and CEO of Tesla commented, \u201cI am late to the party but I am a supporter of<\/span> <span style=\"font-weight: 400;\">Bitcoin.\u201d <\/span><span style=\"font-weight: 400;\">Clubhouse is an exclusive audio chat social media platform that is strictly on invite-only mode. Members of the club can join various conversations, much similar to an online private conference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the course of the conversation which involved Andressen Horowitz and other prominent investors, Musk was asked to share his thoughts on Bitcoin. Musk commented:&nbsp;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">&#8220;I do think Bitcoin is a good thing. I&#8217;m a supporter of Bitcoin. I think Bitcoin is on the verge of getting broad acceptance by conventional finance.&#8221;<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Recall that on Jan. 29, <\/span><a href=\"https:\/\/cointelegraph.com\/news\/world-s-richest-man-elon-musk-boosts-bitcoin-price-by-20-is-40k-back-in-play\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Elon Musk changed<\/span><\/a><span style=\"font-weight: 400;\"> his Twitter bio to \u201cBitcoin\u201d causing the price of BTC to rally by more than 14% in 30 minutes. This move shows that the billionaire must have kept Bitcoin on his radar for a while now, although Musk hasn\u2019t revealed his crypto holding, there are speculations that he might have a heavy bag.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cointelegraph <\/span><a href=\"https:\/\/cointelegraph.com\/news\/btc-billionaire-tim-draper-to-elon-musk-i-d-buy-the-tesla-cybertruck-with-bitcoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">previously reported that<\/span><\/a><span style=\"font-weight: 400;\"> prominent Bitcoin investors such as billionaire Tim Draper have been asking Musk and his Tesla businesses to accept BTC directly. He believes that this will unarguably give Bitcoin a massive boost in global awareness.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Meme_Of_The_Week\"><\/span><b>Meme Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3773\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-5-1.png\" alt=\"\" width=\"700\" height=\"356\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-5-1.png 977w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-5-1-300x153.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-5-1-768x391.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\/26\/crypto-highlights-week-4-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Ripple defends its case against SEC, January sees $237 billion in monthly stablecoin volume, Elon Musk talks about Bitcoin, Coinbase plans direct stock listing, Uniswap logs more than $30 billion in trading volume: There is more in this [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[105,106],"class_list":["post-3771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories","tag-crypto-news","tag-crypto-weekly"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3771","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=3771"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3771\/revisions"}],"predecessor-version":[{"id":10987,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3771\/revisions\/10987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3115"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=3771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=3771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=3771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}