📉 Bitcoin and Ether Erase Last Week's Gains

GM Defiers!

Markets dipped on Monday as BTC plunged 4%. Most major altcoins posted losses, with ETH and SOL down 3% and DOT down 6%.

Meanwhile, Changpeng Zhao (CZ) was released from prison on Friday and told Bloomberg that he plans more tech investments.

Memecoins are alive and well, with Shiba Inu rallying more than 40% last week. The success of $MOODENG is fueling rising interest in Moonshot, a retail-friendly memecoin trading app.

Finally, a report from Chainalysis shows that crypto investors in the Middle East and North Africa prefer altcoins and are increasingly turning to stablecoins for their transactions.

✍️ In today’s newsletter:

Crypto markets end September with a red day
Binance founder CZ is a free man
SHIB adds $6 billion to its market cap
Moonshot memecoin app gains traction
MENA region prefers altcoins to BTC and ETH

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Goat Network is the first BTC L2 to offer sustainable BTC yield

DIA launches ‘Lumina’ – a brand-new trustless oracle network. Its modular, rollup-based design enables the verifiable sourcing and delivery of any data to any blockchain. Fully decentralized and permissionless.

📉Crypto Markets Erase Last Week’s Gains

Cryptocurrency markets took a downturn on Monday, wiping out last week's gains. However, crypto asset manager CoinShares reported that inflows totaled $1.2 billion last week, marking the third consecutive positive week.

🛣️Binance Founder CZ Set for Prison Release

Former Binance CEO Changpeng Zhao, also known as CZ, was released on Friday evening after spending the last four months incarcerated in the United States. CZ was sentenced in April after pleading guilty to violating the Bank Secrecy Act

🐶Shiba Inu Leads Memecoin Rally Gaining $6 Billion in Market Cap in a Week

The memecoin supercycle is back on, with established memes surging over the last week. Shiba Inu led the charge with a 42% move over the last seven days. Other notable movers include PEPE, FLOKI and MOG.

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Vitalik: An Ethereum Story is NOW STREAMING!

The Defiant sat down with Zach Ingrasci and Carrie Weprin, the director and producer behind the documentary film Vitalik: An Ethereum Story. This film, a testament to the power of community and the transformative potential of blockchain technology, offers a captivating glimpse into the Ethereum ecosystem — focusing on the enigmatic leader Vitalik Buterin, the co-founder of Ethereum. The film's release is particularly poignant as it coincides with the 10-year anniversary of the Ethereum whitepaper, which Vitalik famously penned in Toronto, the very city where the film recently premiered to two sold-out screenings

📱Moonshot Memecoin Trading App Gains Traction

Moonshot is now the 151st-ranked app in Apple’s finance category. Users can fund their accounts for trading Solana memecoins through retail-friendly payment methods such as Apple Pay or a deposit from a bank account.

📊Bitcoin and Ethereum Lose Market Share in MENA Region: Chainalysis

Stablecoins and altcoins are gaining traction in countries like Israel, Turkey, Saudi Arabia and the UAE. Chainalysis reports that Saudi Arabia and Qatar are the fastest-growing countries in the MENA region, registering more than 100% YoY growth.

🌍 ELSEWHERE

Crypto Billionaire Zhao Vows More Tech Investment After Leaving US Custody (Bloomberg)
Moo Deng the hippo now has her own cryptocurrency (Fortune)
Bitcoin Retail Activity Remains Low Despite Recent Rally (Coindesk)