📈 EigenLayer Token Debuts at $7 Billion Valuation

GM Defiers!

✍️ In today’s newsletter:

• Highly awaited EIGEN token goes live
• Bitcoin and Ether ETFs bleed as markets plunge
• Solana DEX volumes flip Ethereum’s for the third time
• Ethereum attracts institutional inflows after 5-week losing streak
• Ohio Senator proposes crypto tax payments bill
• Vitalik supports the existence of Hezbollah-themed prediction markets

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• What is a DeFi Smart Wallet?
• How to seamlessly move your positions between protocols with DeFi Saver’s Loan Shifter?

📈 Markets in the last 24 hrs:

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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.

📈EIGEN Token Debuts at $7 Billion Valuation

EigenLayer’s native token, EIGEN, has commenced trading on exchanges and is currently changing hands for around $4, giving the project a market capitalization of $750 million and a fully diluted valuation of nearly $7 billion.

📉Bitcoin and Ethereum ETFs Suffer Outflows as Crypto Markets Slump

The cryptocurrency market plunged on Wednesday as ongoing geopolitical concerns prompted heavy outflows from Bitcoin and Ethereum spot exchange-traded funds (ETFs). Outflows from spot Bitcoin ETFs reached $242.6 million on Tuesday, the highest since September 3,

🏃Solana DEX Volumes Flip Ethereum Again

Over the last seven days, Solana processed $8.38 billion in volume across its DEXs, 2% higher than Ethereum’s $8.24 billion. Solana DEX volumes are also up 43% this week and commanded nearly 25% of all DEX volume in the same time period.

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Shinkai is a decentralized AI app built for the crypto community, delivering real-time insights, automation, and running entirely on your device. Shinkai taps into a peer-to-peer network to keep its knowledge up-to-date without exposing your data to centralized systems. Whether you're tracking market trends or automating smart contracts, Shinkai helps you optimize your DeFi experience. Developers can also create custom AI agents with Shinkai's open-source toolkit. Stay tuned for exciting updates as Shinkai continues to evolve, empowering your DeFi journey.

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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

Read More: Vitalik: An Ethereum Story - Feature Documentary Film

💸Ethereum Attracts Inflows after Five-Week Losing Streak

According to CoinShares, large entities added $87 million worth of ETH to their balance sheets last week after five consecutive weeks of selling. Monthly flows still remain negative at $60 million, whereas year-to-date, institutions have bought $765 million.

🏛️Ohio Senator Proposes Crypto Tax Payment Bill

Ohio State Senator Niraj Antani has introduced new legislation to establish Ohio as one of the few states in the U.S. to accept cryptocurrency for state and local tax payments.

🪖Vitalik Supports Hezbollah Betting Markets as Middle East Braces for War

Vitalik Buterin said he supports the existence of betting markets on Polymarket that relate to Hezbollah. Ethereum’s chief scientist replied to an X post that warned that betting on terrorist organizations would make war “look like a football game.”

🌍 ELSEWHERE

• Bitcoin Totters in Poor Start to Token’s Best Month Historically (Bloomberg)
• Criminals prefer cash to crypto, new report finds (Fortune)
• Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’ (Coindesk)

🔥TRENDING

• Solana DEX Volumes Flip Ethereum Again
• Vitalik Supports Hezbollah Betting Markets as Middle East Braces for War
• Crypto Markets Plunge as Middle East Tensions Flare
• Ethereum Attracts Inflows after Five-Week Losing Streak
• 10 Million MYTH Tokens Airdropped to over 450,000 DOT Holders
• EIGEN Token Debuts at $7 Billion Valuation