DeFi's Biggest Swings
View in Browser
Sponsor: Kraken — Sign up for an account and see what crypto can be.
- 🧑🏻🦱 SBF awaits fate. The closing arguments are over. SBF's fate is in the jury's hands with a verdict expected at any point now.
- 🦅 Aragon dissolves. The DAO tooling org has been under pressure to dissolve, and is finally allowing ANT holders to cash out $155M. Pissed-off holders are already suing.
- 👨⚖️ PayPal subpoenaed. PayPal was hit with an SEC subpoena over its PYUSD stablecoin. Blockchains must really scare Gary.
| Prices updated at 4:00 pm ET | 24HR |
|
Crypto Market Cap $1.29T | ↗ 0.6% |
|
Bitcoin $35,049 | ↗ 1.1% |
|
Ethereum $1,811 | ↘ 2.3% |
📈 Fed Freezes. The Fed refused to hike interest rates for a 2nd time. Arthur Hayes believes the money printer is about to go BRRRR to bail out insolvent banks and sees the pause as a bullish catalyst for $BTC.
Crypto speculators love chasing the hype. One week it’s the AI narrative, next it’s SocialFi, then it's whatever memecoin is making people chuckle!
Today, Bankless researchers look at narratives that should actually have staying power. We’re talking sustainable business models, new primitives, and much-needed infrastructure upgrades.
Let's dig in 👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
- 🧬 Different Types of Layer 2s - Vitalik
- 📈 Q3 Crypto Markets Review - Bitwise
- 🔢 TPS is a Faulty Metric Getting Worse - bartek.eth
- 👻 Why GHO is Still Trading Below Peg - tokenbrice.eth
- 🏔️ Higher Yields are Bullish for Crypto - Arthur Hayes
- 🤑 VC Funding Makes New Lows in October - WuBlockchain
- 🪐 Put TIA Allocation to Work Instead of Selling - 2lambroz.eth
- 🇬🇧 UK Treasury Regs for Crypto are Wonderful - Brian Quintenz
Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber you're missing out!
You're on the free version. Unlock the benefits of Bankless Citizenship.
Thousands of crypto's sharpest investors trust Bankless to bring the alpha via exclusive articles, ad-free podcasts, and tools like our Claimables wallet tracker and Airdrop Hunter app.
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.