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DeFi's Biggest Swings $

gm Bankless Citizens, SBF is sweating rn. Can he get away with it all?

Bankless
Nov 2, 2023 • 3 min read

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DeFi's Biggest Swings

Published on Nov 2, 2023

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NEED TO KNOW

Crypto Awaits SBF Verdict

🧑🏻‍🦱 SBF awaits fate. The closing arguments are over. SBF's fate is in the jury's hands with a verdict expected at any point now.
🦅 Aragon dissolves. The DAO tooling org has been under pressure to dissolve, and is finally allowing ANT holders to cash out $155M. Pissed-off holders are already suing.
👨‍⚖️ PayPal subpoenaed. PayPal was hit with an SEC subpoena over its PYUSD stablecoin. Blockchains must really scare Gary.

Prices updated at 4:00 pm ET

24HR

	Crypto Market Cap $1.29T	↗ 0.6%
	Bitcoin $35,049	↗ 1.1%
	Ethereum $1,811	↘ 2.3%

📈 Fed Freezes. The Fed refused to hike interest rates for a 2nd time. Arthur Hayes believes the money printer is about to go BRRRR to bail out insolvent banks and sees the pause as a bullish catalyst for $BTC.

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ANALYSIS

DeFi Narratives that Matter

Bankless Author: 563

Crypto speculators love chasing the hype. One week it’s the AI narrative, next it’s SocialFi, then it's whatever memecoin is making people chuckle!

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Today, Bankless researchers look at narratives that should actually have staying power. We’re talking sustainable business models, new primitives, and much-needed infrastructure upgrades.

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