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📉 Markets Dive as Iran-Israel Conflict Escalates

GM Defiers!

✍️ In today’s newsletter:

  • Crypto markets drop as Middle East tensions flare
  • Christie’s to auction its first Bitcoin Ordinal
  • FTX creditors decry cash compensation plan
  • Trump DeFi project opens KYC whitelist
  • Synthetix governance overhaul garners community support
  • AminoChain and GenoBank clash over IP Rights
  • Ethereal DEX proposes native integration with Ethena
  • Messari Mainnet kicks off in NYC

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📈 Markets in the last 24 hrs:

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

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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 Plunge as Middle East Tensions Flare

The cryptocurrency kicked off October with a bang before the rally was derailed by rising tensions between Israel and Iran. BTC fell 2% to $62,000, while ETH dipped 3.5% to $2,500. SOL and DOT plunged 5% and 7%, respectively.

🖼️Christie’s to Auction First Bitcoin Ordinal

Christie’s is auctioning a piece by Ryan Koopmans and Alice Wexell dubbed 'Ascend.' It is the first Bitcoin Ordinal ever to be sold at a major auction house.

💸FTX Creditors Expect Only 10% to 25% of Crypto Holdings to Be Recovered

FTX creditors are bracing for steep losses as they may recover only 10% to 25% of their cryptocurrency holdings. Creditors argue that cash-based payouts fail to accurately compensate for their losses, whereas in-kind repayments would offer a fairer resolution.

🇺🇸Donald Trump Vows to Use Crypto to Make America Great Again

Former president Trump took to social media to announce the official opening of the whitelist for his DeFi project, World Liberty Financial. Users can now link their wallets to a know-your-customer (KYC) database to access the whitelist.

MEDIA PARTNERSHIP

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

🗳️Synthetix Governance Overhaul Garners Near-Unanimous Support

Synthetix is undergoing a major governance change through a proposal called "SR-2." The proposal outlines plans to improve operations for Synthetix’s Layer 2 network Snaxchain, add more functionality, migrate SNX tokens, and launch a new stablecoin.

🧬DeSci Projects AminoChain and GenoBank Fight Over IP Rights

GenoBank, a firm developing a network for secure medical data sharing, says AminoChain is passing off GenoBank’s technology as its own.

💱Ethena Network Proposal Introduces Native DEX

A recent post in the Ethena governance forum proposes the launch and direct integration of Ethereal, a spot and perpetual futures decentralized exchange (DEX) to be launched on the Ethena Network.

🌃Messari Mainnet Returns as New York’s Largest Annual Crypto Event

Messari, one of crypto’s leading research and analytics firms, is hosting its Mainnet 2024 conference this week, with leaders from crypto, U.S politics, and institutional finance.

🌍 ELSEWHERE

  • As Israel, Iran Tensions Rattle Markets, Will Bitcoin Act as a Safe Haven? (Decrypt)
  • Bitwise files registration for a spot XRP ETF (The Block)
  • Robinhood Introduces Crypto Transfers in Europe as It Doubles Down on Expansion (Coindesk)

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