⛷️Crypto Markets Pull Back After ETF Euphoria
DeFi Alpha
Together with
GM Defiers!
The crypto markets are finally showing signs of slowing down after rallying for two weeks on spot Bitcoin hype and geopolitical worries. The combined crypto market cap is down 4% in the past 24 hours with many DeFi assets among those hardest hit.
Sam Bankman-Fried was convicted on all seven criminal counts brought against him. The FTX co-founder and former CEO will now face sentencing of up to 115 years.
The Aragon Association announced it is shutting down and distributing $115M worth of treasury assets to ANT holders. Arangon's newly formed "Product Council" will take control of Aragon’s IP, infrastructure, and operational runway moving forward.
PayPal announced it received a subpoena from the U.S. Securities and Exchange Commission regarding its PYUSD stablecoin. PayPal said it is cooperating with all document requests.
And Immutable announced that a dozen projects have already committed to building web3 games on its forthcoming Polygon-powered Layer 2, Immutable zkEVM.
✍️ In today’s newsletter:
- Crypto markets retrace following extended rally
- Sam Bankman-Fried to face up to 115 years in prison
- Aragon Association to shut down and distribute treasury
- PayPal cops SEC subpoena over stablecoin
- Disney and Alibaba-backed game onboards to Immutable zkEVM
🙏Sponsored
🎬 WATCH
THANKING OUR NEWSLETTER SPONSORS
| Newsletter continues below |
DeFi, done right.
Linea’s DeFi Voyage will bring everyone—from web3 newcomers to seasoned investors—an intuitive, immersive, and educational DeFi experience.
6 weeks. 10 waves. 10 core tasks. Choose from over 60 DeFi dapps to engage with. Collect Linea Voyage XP.
Coming on November 7th. Be ready.
Cove is the first automated ERC-4626 yield optimizer built on Yearn and optimized by Gauntlet. Cove brings simplicity, high-yields, and accessibility to degens and those new to the space. Join the Cove community today to redefine the way the world approaches finance.
Clipper is built for liquidity providers. It is designed to deliver above-market returns for holding ETH, BTC, and stables while eliminating impermanent loss. Deposit today and start earning.
