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# Deja Vu
- URL: https://dexplain.com/deja-vu/
- Published: 2021-08-23T10:39:00.000Z
- Updated: 2022-11-14T22:03:49.000Z
- Description: Bitcoin back to trading at $50k and funding rates are going up again... a familiar story? Only question is will BTC make a new ATH this year.
- Author: wizardfromspace
- Tags: Crypto News, Crypto Trading, Binance Exchange, KuCoin, Delta Exchange, Solana, yield farming, Binance Smart Chain, Pinkslip Finance, Non-fungible Tokens, Bitcoin

Bitcoin is back to $50k and funding rates are getting high again… eh are we doing a full circle? Things have been looking very bullish across the board for BTC, defending its 4H trend above all 20&50 EMAs.

![](https://dexplain.com/content/images/2021/12/BTCUSDT_2021-08-23_14-44-12.webp)

Would say funding rates are getting a little high again, a dump down to the weekly open (blue line) could give us a very nice long entry. Any major resistance at Monday’s High would then be a trigger to get out of that position.

### Where to trade?

Here are my favourite crypto exchanges, use the referral link for atleast a 10% discount on your trading fees.

- [Bybit](https://www.bybit.com/en-US/invite?ref=M2YNXG) \- Currently, this is my favourite platform! Great liquidity and bonuses for deposits.
- [Delta Exchange](https://www.delta.exchange/app/signup/?code=VVRPEI&ref=dexplain.com) \- Good for a degen account, no KYC required but low liquidity.
- [Binance](https://accounts.binance.com/en/register?ref=X8XUVA60) \- Lots and lots of spot altcoin pairs, especially BTC pairs.
- [KuCoin](https://www.kucoin.com/ucenter/signup?rcode=r3D6E6L&ref=dexplain.com) \- Great for longer small cap holds.

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## Crypto News

- **Binance**: More regulatory concerns on the horizon? Despite the exchange now putting in place mandatory KYC for all accounts, governments are still publishing warnings [that the platform operates with licenses](https://decrypt.co/78844/dutch-central-bank-warns-binance-is-operating-without-license?ref=dexplain.com).
- **PayPal**: Announced it will soon [allow UK users to buy, sell, and hold crypto](https://news.sky.com/story/paypal-to-let-uk-users-buy-hold-and-sell-cryptocurrencies-12388151?ref=dexplain.com). On launch, the service will be limited to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
- **Google**: Rumours are now circulating that the big tech giant Google is [planning an entry into crypto, creating their own blockchain and token](https://www-fxstreet-com.cdn.ampproject.org/c/s/www.fxstreet.com/amp/cryptocurrencies/news/crypto-prediction-google-might-create-their-own-blockchain-and-crypto-202108221600?ref=dexplain.com). While it seems to all be predictions at this stage, apps such as Google Play having their currency does seem logical?
- **Grayscale**: The massive crypto asset manager now has [over $10B worth of Ethereum under its management](https://coinnounce.com/grayscale-now-has-10-billion-worth-of-ethereum-under-its-management/?ref=dexplain.com). And don’t forget about its $30B worth of Bitcoin!

---

## DeFi News

- **Cropper Finance**: The [permissionless yield farming platform](https://twitter.com/CropperFinance/status/1429661526852579335?ref=dexplain.com) that will enable teams to create liquidity programs for their community in just a couple of clicks, will launch on Solana in a couple of hours. Powered by its native CRP token.
- **Avalanche**: Might be the next smart contract chain to see an explosion of DeFi platforms, as the foundation announced a [$180M DeFi incentive program](https://medium.com/avalancheavax/avalanche-foundation-announces-180m-defi-incentive-program-d320fdfafff7?ref=dexplain.com).
- **Luna Yield**: And the rug pulls have arrived in Solana, with [the Luna Yield platform going dark and running off with $6.7M](https://decrypt.co/79098/solana-defi-protocol-luna-yield-goes-dark-with-6-7-million-in-crypto?ref=dexplain.com) in investor funds. Worryingly, the platform baited investors by going through the SolPad IDO platform, which means their due diligence is poor!
- **Gelato**: Announced details for its [GEL token](https://medium.com/gelato-network/gel-token-sale-date-and-whitelist-opening-fc697c814662?ref=dexplain.com), along with sale details scheduled for September 13th, 2021\. The platform already has partners such as Aave, Polygon, and The Graph so expect this sale to receive a lot of attention.
- **HyperJump**: Do check out the [UnRekt tool if you’ve been aping](https://twitter.com/HyperJumpBSC/status/1429594325667692551?ref=dexplain.com) into farms and staking pools on BSC or Fantom. UnRekt can revoke access from any approval you gave to malicious contracts.
- **deBridge**: Announced[ a cross-chain and liquidity transfer protocol](https://twitter.com/deBridgeFinance/status/1428387360866250755?ref=dexplain.com) that will support Ethereum, Polygon, Heco, BSC, and Arbitrum. What’s very interesting is that the protocol also enables cross-chain composability of smart contracts.
- **Skyrim**: An upcoming [multichain robo-advisor of DeFi platforms](https://twitter.com/SkyrimFinance/status/1429744201659416589?ref=dexplain.com), powered by SKYRIM token. Whitelisting for their token sale will open on August 27th, one to research!

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## NFT Spotlight

Be sure to check the listing to view the digital crypto artwork in its full glory, as some art is animated or contains audio.

![](https://dexplain.com/content/images/2021/12/dejavu.webp)

**Deja Vu**

- Where to bid? [MakersPlace](https://makersplace.com/caktux/deja-vu-1-of-1-68502/?ref=dexplain.com) or [Opensea](https://opensea.io/assets/0x2a46f2ffd99e19a89476e2f62270e0a35bbf0756/60691?ref=0x5cE9f7032953d8E3f3D98f508C1b9B489Ee621Db).
- Artist: [Reema](https://twitter.com/visualldreams?ref=dexplain.com).

---

## NFT News

- **Visa**: After years of blocking so many customer crypto transactions, it seems the days of being anti-cryptocurrency are firmly behind them. Visa announced they [now hold a CryptoPunk NFT](https://twitter.com/VisaNews/status/1429745230023208969?ref=dexplain.com).
- **Pinkslip Finance**: This upcoming DeFi game will [combine NFTs with drag racing](https://pinkslip.finance/?ref=dexplain.com), and compete to earn a spot in the staking pool for passive income. Interesting, the native token is PSLIP, one to watch!
- **Mountaintop:** Future metaverse game, early days but one to research? Just [announced they’ve raised $30M in a Series A](https://medium.com/mountaintop-studios/mountaintop-raises-30m-series-a-c5a9ac8e13b5?ref=dexplain.com) which included VCs like Spark Capital, Founders Fund, and Detroit Venture Partners.