Advertisement

Weekly Recap: Bitcoin Tests All-Time Highs

Happy weekend Defiers!

Crypto markets staged a strong rally this week despite the ongoing U.S. government shutdown and Middle East tensions.

BTC spiked as high as $124,000 on Friday and is currently trading at around $122,500. ETH, SOL and BNB rallied above $4500, $230, and $1150, respectively.

Trading volumes on decentralized perpetuals exchanges topped $1 trillion for the first time in September, fueled by platforms like Hyperliquid, Aster, and Lighter.

Meanwhile, on the DEX front, PancakeSwap just had its best quarter ever amid a renewed BSC season.

Finally, Hyperliquid’s Hypurr NFTs are changing hands at roughly $75,000 a week after launch.

Enjoy!

👀 Don’t miss our newest newsletter, The Defiant: Real World, where we track how trillions of assets are coming onchain. Each week, you’ll get a weekly summary of the high-signal RWA and stablecoin news you can’t miss and in-depth analysis to put it all in context. Read the latest issue here.

Subscribe to Real World

The Defiant

Error 402: Payment Required (When Stablecoins Start Speaking HTTP). Filter signal from noise with the best source of information for everything happening in Web3 and DeFi. Monday to Friday.

thedefiant.io/newsletter/real-world/error-402-payment-required-when-stablecoins-start-speaking-http

the-defiant

Top stories this week

Bitcoin Hits $124,000 Despite U.S. Shutdown and Geopolitical Tensions

The cryptocurrency market rallied for a third straight day on Friday despite a U.S. government shutdown and ongoing geopolitical tensions in the Middle East.

Bitcoin climbed to around $124,000 – its highest level since mid-August and just shy of its all-time high of around $124,128

Perpetual DEX Trading Volume Tops $1 Trillion in September

Decentralized perpetual exchanges reached a record high in September, with trading volume surpassing $1 trillion for the first time.

The surge in trading activity, initially driven by Hyperliquid, is being fueled by fresh entrants such as Aster and Lighter.

ZEC Price Soars 150% in a Week amid Renewed Calls for Privacy

Privacy-focused cryptocurrency Zcash (ZEC) has staged one of crypto’s sharpest rallies in recent weeks, climbing more than 150% in the past seven days, and over 250% over the last month.

Hyperliquid’s Hypurr NFTs Settle at $55,000 Floor Amid Ecosystem Expansion

Decentralized exchange Hyperliquid’s Hypurr non-fungible token (NFT) collection traded at around $55,000 on Monday, a day after its deployment.

PancakeSwap Posts Record $772 Billion in Q3 Trading Volumes

Decentralized exchange (DEX) PancakeSwap set a new quarterly record in Q3 with $772 billion in trading volumes, marking a 45% increase from Q2.

Trending