# Are You Afraid of the Pump? $

*Author: Bankless*
*Published: Oct 31, 2023*
*Source: https://www.bankless.com/es/are-you-afraid-of-the-pump-copy*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/10/coin_guy_2-46--1-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=dont-get-lost-in-the-sauce&email=true)

  

    Are You Afraid of the Pump?

  
  

  
  Published on Oct 31, 2023

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  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    Happy Birthday Bitcoin
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/10/Frame-50445--6-.png)- **🎂** **Bitcoin turns 15**. Satoshi shipped the bitcoin whitepaper on this day in 2008. BTC is celebrating the day well over $34K. [Keep your birthday wishes to yourself, Gary](https://x.com/GaryGensler/status/1719393827620876406?s=20). 
- **👾 Celestia debuts.** Modular blockchain Celestia [went wide today](https://twitter.com/CelestiaOrg/status/1719361585989492800) along with its TIA token. [53% is going to insiders](https://twitter.com/thiccy____/status/1719367030137069976). Cosmos DEX Osmosis [slowed to a crawl](https://twitter.com/dmihal/status/1719391077864480829?s=20) after a surge in claiming activity.
- **🆕 New Vitalik just dropped. **Vitalik published "[Different types of layer 2s](https://vitalik.eth.limo/general/2023/10/31/l2types.html)" on his blog today breaking down a weave of L2 tradeoffs.

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      Prices updated at 4:00 pm ET
    
    
      24HR
    
  

  
    
       ![](https://bankless.com/assets/img/modNewsletter/cmc.png)
    
    
      **Crypto Market Cap**
      
        $1.28T
      
    
     
      
        ↗ 0.4%
      
    
  
  
    
      ![](https://bankless.com/assets/img/modNewsletter/btc.png)
    
    
      **Bitcoin**
      
        $34,589
      
    
     
      
        ↗ 0.7%
      
    
  
  
    
       ![](https://bankless.com/assets/img/modNewsletter/eth.png)
    
    
      **Ethereum**
      
        $1,812
      
    
     
      
        ↗ 0.7%
      
    
  

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**📈** **Yields up. **Japan’s Central Bank is [taking drastic action](https://twitter.com/JackFarley96/status/1719205178086154332) with bond yields to rein in inflation. We're feeling comfy with our [ultra sound bonds at 3.2% yield](https://ultrasound.money/).

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    INVESTING

  
  
    
    The Bear Take on Bitcoin’s Pump
  
  
  
   
     
     Bankless Author: 
     
     [
       
    Jack Inabinet
     
    ](https://twitter.com/JackInabinet)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/10/image--7--2.png)](https://www.bankless.com/dont-get-lost-in-the-sauce)This crypto market action is feeling good, *a little too good *given the macro factors surrounding it... 

Today, [Jack](https://twitter.com/JackInabinet) digs into the challenging macro environment out there, pulling out which aspects of the latest crypto pump* feel sustainable and which do not.*

**Read all of the *free* alpha on our website*** 👇*

[Read Full Analysis](https://www.bankless.com/dont-get-lost-in-the-sauce)
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