📈Crypto Markets Bounce on Strong U.S. Jobs Report
GM Defiers!
✍️ In today’s newsletter:
- Crypto markets bounce as U.S. jobs report beats expectations
- SEC appeals Ripple ruling
- Edward Snowden calls Solana centralized
- Aptos rallies after Templeton expands its tokenized Treasury fund to the blockchain
- U.S. court rules that betting on presidential elections is legal
- EigenLayer faces backlash over staked VC tokens
- Sky’s USDS stablecoin hits $1 billion market cap
- Lamborghini to launch NFTs
🙏Sponsored
📈 Markets in the last 24 hrs:
🎬WATCH
Catch up on our podcast with Paul Frambot, the co-founder and CEO of Morpho Labs, to learn about the protocol’s journey to $1 billion in deposits.
Watch our interview with Maud Bannwart, the COO of Alephium, to learn more about the project’s innovations, including proof of less work and its commitment to security.
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📈Bitcoin and Ethereum Rally on Positive U.S. Jobs Report
The cryptocurrency market finally caught a break after a week-long decline, rallying after data showed the U.S. economy added 254,000 jobs in September, significantly higher than expectations. BTC rose 3.5% to $62,350, while ETH climbed 5.5% to $2,440. SOL jumped 7%, and DOT gained 5%.
⚖️Ripple Vows to Fight Back after SEC Challenges XRP Ruling
The U.S. Securities and Exchange Commission (SEC) has officially appealed a federal judge's decision in its high-profile case against Ripple, reigniting a legal clash that has spanned nearly four years.
🤔Snowden Calls Solana Centralized and Gets Challenged to Debate
A top Solana developer has challenged Edward Snowden to a debate about centralization after the whistleblower made some scathing comments about the network.
SPONSORED POST
In the everchanging DeFi ecosystem, it is important that you are on top of all the latest developments, that you have a clear overview of your portfolio, and that you are flexible enough to react properly depending on the circumstances that may arise.
Fortunately, interoperability, composability, and permissionless access are key characteristics of the majority of lending protocols, and these are the pillars of the Loan Shifting feature by the DeFi Saver team that we will discuss, which will help you effectively navigate the constantly changing landscape.
So, let’s begin.
READ MORE: How to seamlessly move your positions between protocols with DeFi Saver’s Loan Shifter?
🚀Aptos Rallies 7% on Franklin Templeton Expansion and HashPalette Acquisition
Aptos’s token is outperforming the cryptocurrency market after Franklin Templeton said it’s bringing its on-chain fund to the Layer 1 network.
🎲Federal Appeals Court Approves Election Betting
A U.S. federal appeals court ruled presidential election markets are legal, clearing regulatory uncertainty hanging over prediction markets such as Polymarket and Kalshi.
😡EigenLayer Faces Backlash Over Early VC Staking Access
EigenLayer is facing backlash over a lack of transparency over early investor staking practices and the real circulating supply of its native token, EIGEN.
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
💲Sky’s New Stablecoin USDS Jumped to $1 Billion Supply in Two Weeks
Sky, formerly MakerDAO, launched a new stablecoin called USDS which has been quickly climbing the ranks. USDS’s total supply has surged to just over $1 billion since its Sept. 18 launch, ranking it as the 6th-largest stablecoin by market capitalization.
🏎️Lamborghini to Launch Genesis Capsule NFT
Lamborghini is launching the “first interoperable super sports car” in collaboration with blockchain gaming giant Animoca Brands. This is Lamborghini’s first official NFT mint.
🌍 ELSEWHERE
- Coinbase to delist some stablecoins in Europe ahead of new regulations (Reuters)
- Spot Crypto ETFs Prompted Bitwise to Rethink Its Fund Lineup (Coindesk)
- Ubisoft Reveals Plans for 'Captain Laserhawk' Ethereum Game NFT Mint (Decrypt)
