Bitwise Files for Ripple ETF

GM Defiers!

Crypto markets continue to bleed, bringing weekly losses for BTC and ETH to 8% and 12%, respectively. Ripple soared after Bitwise filed a Form S-1 with the SEC for a spot XRP ETF.

Roll Labs is attempting to learn from the demise of Friendtech with Form, a new SocialFi platform on Ethereum.

A group of DeFi industry participants is calling for a meeting with the Harris-Walz campaign to discuss policies pertaining to the industry in the U.S.

Plus, Celo activity spikes, Pike token tanks, Autoglyphs head to Sotheby’s, and Sui launches a bridge to Ethereum.

✍️ In today’s newsletter:

ETH falls for sixth day as crypto selloff deepens
Bitwise files for spot XRP ETF
‘Form’ SocialFi platform launches on Ethereum
DeFi leaders seek to engage with Harris-Walz campaign
Will ‘Uptober’ be derailed by war?
Celo activity spikes on rising stablecoin usage
Pike Finance community decries botched token launch
Sotheby’s to auction rare Autoglyphs set
Sui launches native bridge to Ethereum

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💥Ethereum Sells Off for Sixth Straight Day

The cryptocurrency market remained in the red on Thursday, continuing a week-long selloff that has left many digital assets struggling to find support. BTC dipped 2.5% to $60,200, while ETH dropped 5.5% to $2,322. XRP has plunged by over 15% in the past 24 hours after the SEC said it would appeal against a court ruling that restricts its power to regulate the crypto market.

🏦Bitwise Files for Spot Ripple (XRP) ETF

Crypto asset manager Bitwise has taken the first steps toward launching an exchange-traded fund (ETF) for XRP, the cryptocurrency used in Ripple Labs’ network. The firm has filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC).

💬Roll Labs Launches ‘Form’ SocialFi Platform

Roll Labs has unveiled Form and kicked off an initial native yield campaign and the opening of a pre-deposit campaign. “We’re building the financial internet with crypto’s first principles,” says core contributor Bradley Miles.

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🤝DeFi Leaders Push for Meeting with Harris-Walz to Shape Web3 Policies

A group of decentralized finance (DeFi) industry leaders is calling on Vice President Kamala Harris and her running mate Tim Walz’s campaign team for a meeting this month to discuss policies for the industry.

⚔️Will War Stop Uptober? Experts Weigh In

Rising tensions between Israel and its neighbours, Iran and Lebanon, are dampening a historically bullish month for Bitcoin. ETC Group reported that October has an average monthly performance of 29%, only trailing November with 37% and April with 35%.

🚀Celo Users Surge on Rising Stablecoin Adoption

Activity on Celo, a Layer 1 blockchain transitioning to become an Ethereum Layer 2, is surging, driven by the growing use of stablecoins. The network hit a million monthly active addresses in September, representing a 23% gain from August.

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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

😡Pike Finance Blames Botched Launch on Tokenomics

Cross-chain liquidity protocol Pike Finance is under fire after surprising users by launching its native token without any prior notice and a small liquidity pool.

🖼️Sotheby’s Projects $3 Million Sale for Autoglyph NFT Set

“Algorithmic Primitivism: Autoglyphs - A Set of Seven Types” will take place between Oct. 7 and Oct 10. The auction house estimates the set to sell at between $2.5 million and $3.5 million, but independent OTC trading desk, Punks OTC, says that valuation is too high.

🌉Sui Launches Native Bridge to Ethereum

Ethereum users can now bridge ETH to the Layer 1 Sui blockchain and vice versa.

🌍 ELSEWHERE

Cryptocurrency at Center of SEC Dispute Tumbles as Agency Appeals Judgment (Bloomberg)
IMF says bitcoin remains key element in El Salvador program talks (Reuters)
Kamala Harris Is Courting Crypto Investors. Here's How She's Taking A Friendlier Approach Than Biden (Benzinga)