# DeFi's Biggest Swings

*Author: Bankless*
*Published: Nov 2, 2023*
*Source: https://www.bankless.com/es/read/defis-biggest-swings*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/MOD-NEWSLETTER-HEADERS--4--1.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=defi-narrative-that-matter&email=true)

  

    DeFi's Biggest Swings
  
  

  
  Published on Nov 2, 2023

[
  
  View in Browser

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

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    Crypto Awaits SBF Verdict
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50445--9-.png)- **🧑🏻‍🦱 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](https://x.com/innercitypress/status/1720158523948929082?s=20).
- **🦅 Aragon dissolves.** The DAO tooling org has been [under pressure to dissolve](https://www.coindesk.com/business/2023/05/09/aragon-cancels-planned-community-control-of-200m-treasury-amid-battle-with-activist-investors/), and is finally [allowing ANT holders to cash out](https://blog.aragon.org/a-new-chapter-for-the-aragon-project/) $155M. [Pissed-off holders](https://twitter.com/dcfgod/status/1720143834418741489) [are already suing](https://twitter.com/0xWismerhill/status/1720114908065366176).
- **👨‍⚖️** **PayPal subpoenaed**. PayPal was [hit with an SEC subpoena](https://x.com/RyanSAdams/status/1720066988674834546?s=20) over its PYUSD stablecoin. Blockchains must really scare Gary.

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      Prices updated at 4:00 pm ET
    
    
      24HR
    
  

  
    
       ![](https://bankless.com/assets/img/modNewsletter/cmc.png)
    
    
      **Crypto Market Cap**
      
        $1.29T
      
    
     
      
        ↗ 0.6%
      
    
  
  
    
      ![](https://bankless.com/assets/img/modNewsletter/btc.png)
    
    
      **Bitcoin**
      
        $35,049
      
    
     
      
        ↗ 1.1%
      
    
  
  
    
       ![](https://bankless.com/assets/img/modNewsletter/eth.png)
    
    
      **Ethereum**
      
        $1,811
      
    
     
      
        ↘ 2.3%
      
    
  

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**📈** **Fed Freezes.** The Fed [refused](https://www.barrons.com/livecoverage/fed-meeting-interest-rate-decision-today) to hike interest rates *for a 2nd time*. Arthur Hayes [believes](https://twitter.com/CryptoHayes/status/1719856345711816955) the money printer is about to go *BRRRR* to bail out insolvent banks and sees the pause as a bullish catalyst for $BTC.

.  .  .

 
  
    

    ANALYSIS

  
  
    
    DeFi Narratives that Matter
  
  
  
   
     
     Bankless Author: 
     
      [
       
       563
     
    ](https://twitter.com/563defi)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/image--10-.png)](https://www.bankless.com/defi-narrative-that-matter)**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!

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*.

*Let's dig in* 👇

[Get the Full Rundown](https://www.bankless.com/defi-narrative-that-matter)
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