[]

Advertisement

BTC$82,636-2.07%ETH$1,851.91-2.02%USDT$1.000.00%XRP$2.12-3.52%BNB$606.27-3.26%SOL$126.23-2.92%USDC$1.00-0.00%DOGE$0.17-5.02%ADA$0.67-4.19%TRX$0.231.42%STETH$1,850.98-2.10%WBTC$82,509-2.11%TON$3.69-6.69%LEO$9.61-1.09%LINK$13.74-3.80%AVAX$20.06-0.96%XLM$0.27-2.30%WSTETH$2,221.1-1.85%USDS$1.000.02%SHIB$0.00001280-3.68%SUI$2.31-8.98%HBAR$0.17-7.78%LTC$86.33-1.46%DOT$4.09-4.68%OM$6.27-0.39%BCH$306.35-0.98%BGB$4.62-1.90%PI$0.79-4.83%WETH$1,852.3-1.99%USDE$1.000.09%BSC-USD$1.000.16%HYPE$12.94-4.52%WEETH$1,969.96-1.92%WBT$28.31-2.21%XMR$216.49-1.42%UNI$6.06-2.83%DAI$1.000.03%APT$5.32-4.14%NEAR$2.61-5.45%PEPE$0.00000738-4.76%SUSDS$1.050.10%OKB$48.52-0.60%TKX$36.00-1.90%CRO$0.10-6.57%GT$22.32-1.64%MNT$0.81-1.06%CBBTC$82,651-1.94%AAVE$174.081.29%ICP$5.43-3.62%FDUSD$1.000.08%ETC$16.76-2.15%ONDO$0.80-6.15%SUSDE$1.160.29%TRUMP$10.06-1.28%ENA$0.38-2.68%VET$0.02-5.57%ATOM$4.42-4.68%TAO$227.35-9.67%BUIDL$1.000.00%TIA$3.23-8.81%RENDER$3.61-2.74%FIL$2.79-1.86%LBTC$82,317-2.17%POL$0.20-4.01%FTN$4.020.04%KAS$0.06-7.61%ALGO$0.19-7.92%S$0.50-10.54%ARB$0.34-4.70%KCS$11.07-0.98%IP$5.24-4.60%JUP$0.46-7.86%SOLVBTC$82,406-2.10%OP$0.78-6.46%FET$0.48-6.42%MKR$1,347.49-5.22%RSETH$1,926.13-2.04%WETH$1,853.91-1.89%MOVE$0.46-5.14%NEXO$1.09-2.99%XDC$0.07-1.35%BNSOL$131.90-2.54%IMX$0.56-3.21%QNT$69.32-4.61%DEXE$17.33-4.54%USDT0$1.000.09%STX$0.63-4.99%WLD$0.79-8.35%RETH$2,098.78-1.82%USD0$1.000.04%BONK$0.00001139-8.50%SEI$0.18-7.25%INJ$8.82-6.39%GRT$0.09-6.06%BERA$7.92-5.34%THETA$0.85-4.77%USDC.E$1.000.10%EOS$0.55-7.91%FLR$0.01-2.73%USDT$1.000.02%
November 02, 2024

👀Weekly Recap: Bitcoin Flirts With All-Time High

Happy weekend Defiers!

The price of Bitcoin came within 3% of setting new all-time highs above $73,738 amid a spate of sustained bullish momentum. BTC’s upward trajectory was driven by a surge in demand for spot Bitcoin ETFs, which hosted more than $800 million in daily inflows twice including the second-highest inflow on record.

However, BTC has since pulled back to $70,580 as markets brace for the U.S. presidential election.

The election season continues to influence web3, with Polymarket’s monthly trade volume rocketing to $2.28 billion — beating out its previous record by 353%. While election wagering accounts for more than 80% of activity on the platform, its non-election markets are also enjoying all-time highs.

Florida’s chief financial officer wants to increase the state’s crypto exposure from $800 million should Trump win the election. The CFO is also looking to add cryptocurrency to the assets back Florida’s state pension fund.

Despite analysts tipping a Trump victory would be bullish for web3, the Trump-linked WLFI token sale continues to lose steam. World Liberty Financial reduced its fundraising target by 90% after investors bought less than 5% of the token’s original allocation after more than two weeks.

Layoffs are sweeping the crypto sector once again, with Consensys downsizing by 20%, dYdX culling its core team by 35%, and Kraken shedding 15% of its workforce.

Memecoin mania wages on, with volume Solana’s Raydium DEX soaring to new heights as degens chase new tokens.

Three Arrowz Capitel, an on-chain fund claiming connections with 3AC’s founders, is going all in on memecoins. Coinbase is getting in on the action with the launch of a no-code platform allowing users to deploy AI Agents on Base. However, some AI memecoins are pumping and dumping over the course of just a few days.

Base launched fault proofs on mainnet as the booming Layer 2 closes in on Stage 1 decentralization. The importance of Stage 1 decentralization was showcased by dYdX v3 sunsetting, with validity proofs allowing users to withdraw the more than $100M still locked in its contracts despite the appchain winding down.

Coinbase announced plans to buy back $1 billion worth of COIN shares. However, Coinbase’s Q3 revenue and earnings fell short of analysts’ expectations.

Wellington Management, a trillion-dollar asset manager, is teaming up with Ondo to launch an on-chain U.S. treasuries fund. Solayer also launched a stablecoin backed by tokenized treasuries on Solana.

Plus, Synthetix proposes Kwenta acquisition, Circle unveils “Confidential ERC-20” standard, the Ethereum Foundation is exploring outsourcing staking its ETH, and Zircuit airdrops ZRC to 190,000 EIGEN holders.

Also, don’t forget to check out our podcast with Nana Murugesan, the president of Matter Labs — the team behind ZKsync.

Enjoy!

DEFI ALPHA

We’re revamping Alpha to help you fully embrace your inner degen and maximize your crypto gains!

New features include an exclusive Telegram group where our resident degens share real-time intelligence from the trenches, a biweekly Alpha call where you can chat directly with the DeFi Alpha newsletter authors, and additional content to help you stay on top of hot trends.

Just this week, we caught:

  • ZEREBRO at 600K (ATH 16M - 25x)
  • FF at 250K (ATH 5M - 20x)
  • LUCE at 7M (ATH 90M - 13x)
  • RTRD at 60K (ATH 320K - 5x)

What are you waiting for? Subscribe now and join the Telegram group!

PODCAST & INTERVIEWS

ZKsync 3.0: Elastic Chain and the Future of Scalable Web3 with Matter Labs’ Nana Murugesan

In this week’s podcast, Cami Russo was joined by Nana Murugesan, the president of Matter Labs and former VP of Business Development at Coinbase,

Murugesan shares the latest updates from ZKsync, including its recently launched Elastic Chain. He explains how ZKsync’s approach to interoperability and customization aims to make Web3 infrastructure as seamless as Web2, emphasizing the importance of user-friendly experiences for mainstream adoption.

Nana also highlights Matter Labs' partnership with Buenos Aires to bring ZK-backed digital identity to millions of citizens, showcasing a promising model for government and Web3 collaboration. Finally, he shares upcoming milestones for ZKsync, including collaborations in Latin America, gaming, and the creator economy.

Chainlink's Pivotal Role in Bridging DeFi and Traditional Finance | ChainlinkGod (Zach Rynes)

The Defiant spoke to Zach Rynes, formerly known as Chainlink God, a prominent Chainlink community liaison and advocate.

Rynes reflects on Chainlink’s evolution and its role as a bridge between DeFi and traditional finance, highlighting how the project enables institutions to connect securely with public blockchain ecosystems. Zach shares his experiences in building a strong online presence and the strategic reasons behind doxxing his identity. He also expresses optimism for the crypto industry's future, emphasizing the convergence of institutional and blockchain ecosystems and the continued maturation of crypto technology and infrastructure.

Redefining Financial Access: Ruben Galindo on How AirTM Empowers Global Communities with Crypto

The Defiant sat down with Ruben Galindo, the co-founder and CEO of AirTM, a company connecting banking and e-money networks all over the world via its technology platform and P2P network.

In the interview, Galindo explains how AirTM combines digital assets and peer-to-peer networks to provide reliable cross-border payment solutions, enabling people to circumvent mainstream extractive exchange rates. Ruben explores how blockchain technology could revolutionize financial access, particularly for the rapidly growing online workforce.

Friday

Thursday

Wednesday

Tuesday

Monday

TRENDING