🐐AI Typo Briefly Sends GOAT Plummeting

GM Defiers!

The price of GOAT, the surging memecoin promoted by an AI agent, tanked 60% after the AI agent tweeted a typo suggesting it may be under the control of a human.

With the Solana-based memecoin frenzy showing no signs of slowing down, the SOL/ETH ratio is at a new all-time high.

Markets dropped for a third day, with BTC plunging under $66,000. ETH fell 5%, while DOT dipped 3%. Meanwhile, SOL is flat on the day.

Uniswap's plan to launch a Layer 2 network is attracting criticism for failing to consult governance.

Gary Gensler defended the SEC's use of 90-year-old securities laws to regulate crypto.

Also, SCR slumps after airdrop, Arithmic promises multi-chain EigenLayer expansion, Buenos Aires launches ZK-based IDs, Ordinals ecosystem takes aim at mempool sniping, Avalanche unveils Visa card, and Mantra ships RWA-focused L1.

✍️ In today’s newsletter:

AI agent scrutiny tanks GOAT
SOL/ETH at all-time highs
ETH tanks 5% to trade under $2,500
Uniswap delegate slams Unichain
Gary Gensler defends SEC’s crypto crusade
SCR tanks 30% after airdrop
Arithmic announces EigenLayer AVS
Buenos Aires government rolls out DID
Ordinals marketplaces compete to fix mempool sniping
Avalanche opens waitlist for crypto Visa card
Mantra Chain launches on mainnet

🙏Sponsored

What is Alephium? Unpacking UTXO Sharding, Proof of Less Work, and DeFi Security

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

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

DIA Lumina: The first rollup-powered oracle. Fully trustless and modular.

NEAR presents [REDACTED]. It’s a conference, an IRL movement. Join us in Bangkok from Nov. 9-11 to reclaim your sovereignty. Over 100 speakers including Edward Snowden. Tickets are free, but spaces are limited.

☄️Human-Like Typo By AI Millionaire Nukes Token

The price of GOAT tanked after a social media typo published by Truth Terminal, an AI agent backed by Marc Andreessen, ignited suspicion the agent may be under human control. The drama came after Truth Terminal became the first AI agent boasting digital asset holdings worth more than $1 million.

😩Markets Slip as Bitcoin ETFs Record First Outflows in Two Weeks

Crypto markets slipped on Wednesday, following the first net outflows in two weeks from U.S. spot Bitcoin ETFs.

📈SOL/ETH Ratio Hits New All-time High

Solana continues to benefit from memecoin mania, with the price of SOL tagging a record high relative to ETH. The SOL/ETH ratio is up 340% over the past year.

🦄Uniswap Faces Criticism after Launching Unichain Without DAO Approval

Uniswap is attracting backlash over its plan to launch a Layer 2 network, Unichain, from its Stanford University governance delegate. Billy Gao, the head of governance at the Stanford Blockchain Club, took exemption with Uniswap failing to consult governance before unveiling its L2 roadmap.

🚨Gensler Defends SEC Crypto Crackdown and 90-Year-Old Securities Laws

Gary Gensler, the chair of the SEC, defended the agency’s use of 90-year-old securities laws to regulate the crypto sector. Gensler’s comments coincided with the CFTC chairman lamenting the current regulatory landscape regarding crypto.

📉Scroll Backers Down 48% As FDVs of Airdropped Tokens Fall

SCR, the freshly airdropped token from Scroll, is down 30% in two days and trading at a fully-diluted valuation (FDV) of less than $1 billion. SCR’s poor performance comes as the VC-backed assets are debuting at increasingly weak FDVs.

SPONSORED POST

What’s drawing everyone in Web3 to Pulse?

Pulse is the Web3 platform revolutionizing social media by merging decentralized finance with user-driven content and decentralized ownership. It addresses the flaws of traditional platforms, offering community-led moderation and user empowerment. With Smart Wallet integration for instant crypto trading, Pulse empowers users to trade and engage meaningfully. Since its launch, it has attracted nearly 300,000 users in over 10,000 user-created groups, becoming the go-to hub for trading insights and social interaction. Users can connect through asset-based groups, create meme tokens, and enjoy gamified airdrops while collecting $PULSE. Pulse is where you learn, have fun, and grow. Pulse is where you learn, have fun, and grow.

Join the social network you've been waiting for!

⛓️Arithmic Network AVS Promises Multi-Chain EigenLayer Staking

Arithmic Network announced plans to launch an Actively Validated Service (AVS) on EigenLayer that would expand the pioneering restaking protocol’s capabilities onto new networks. The news comes as EigenLayer’s AVS ecosystem is expanding, with RedStone, an Oracle securing $5B, launching an AVS on testnet today.

🇦🇷 ️Buenos Aires Government Launches Decentralized ID

The government of Argentina’s capital city, Buenos Aires, is rolling out a decentralized ID system leveraging zero-knowledge proofs. “By giving 3.6 million residents more control over their personal information, the city establishes a new standard in privacy and security for digital identities,” local media reported.

🌍 ELSEWHERE

Peter Todd, Bitcoin Developer Named as Satoshi Nakamoto in HBO Documentary, Goes Into Hiding (Coin Desk)
Ethereum’s Verge roadmap could enable ‘stateless clients’ for block verification on everyday devices (The Block)
Nigerian government drops money laundering charges against Binance executive (Business Insider)
Primary Bridge for Coinbase’s L2 Base Reaches Record Level of ETH Held (Unchained)