# Welcome to Uptober

*Author: Bankless*
*Published: Oct 24, 2023*
*Source: https://www.bankless.com/fr/read/welcome-to-uptober*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/10/paidfree.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=its-time-to-save-defi&email=true)

  

    Welcome to Uptober

  
  

  
  Published on Oct 24, 2023

[
  
  View in Browser

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

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=its-time-to-save-defi&email=true) — Sign up for an account and see what crypto can be.

[Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=its-time-to-save-defi&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    Welcome to Uptober
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/10/Frame-50445.png)- **💰** **BlackRock ETF maneuvers**. As Bitcoin rages past $34k, attention is zeroing in on spot ETFs. BlackRock [is seeding theirs](https://twitter.com/EricBalchunas/status/1716487573588070728?s=20), but the ticker [just disappeared](https://twitter.com/degeneratenews/status/1716838162255814766)?
- **🔑 Ledger launches Recover. **The hardware wallet co faced a PR nightmare after announcing its seed phrase recovery service. [The service just launched](https://x.com/_pgauthier/status/1716768601854628087?s=20).
- **👨‍⚖️ Emmer snags Speaker nom. **Friend of crypto** **Tom Emmer could become the top dog in Congress, but he [has to win over](https://www.cnn.com/2023/10/24/politics/house-republicans-speaker-nominee/index.html) some critics in his party first.

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      Prices updated at 4:00 pm ET
    
    
      24HR
    
  

  
    
       ![](https://bankless.com/assets/img/modNewsletter/cmc.png)
    
    
      **Crypto Market Cap**
      
        $1.25T
      
    
     
      
        ↗ 5.2%
      
    
  
  
    
      ![](https://bankless.com/assets/img/modNewsletter/btc.png)
    
    
      **Bitcoin**
      
        $33,756
      
    
     
      
        ↗ 7.5%
      
    
  
  
    
       ![](https://bankless.com/assets/img/modNewsletter/eth.png)
    
    
      **Ethereum**
      
        $1,775
      
    
     
      
        ↗ 3.9%
      
    
  

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**📈** *Today marks an industry-wide change in sentiment.* At some point, people get exhausted being bearish. Strong signs of the stage being set for a spot ETF. Short squeezes and bear liquidations across the board. 

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    TAKE ACTION

  
  
    
    DeFi Needs Your Help
  
  
  
   
     
     Guest Writers: 
     
     [
       
    Miller Whitehouse-Levine
     
    ](https://twitter.com/millercwl) & [
       
    Jason Schwartz
     
     ](https://twitter.com/CryptoTaxGuyETH)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/10/image--9-.png)](https://www.bankless.com/its-time-to-save-defi)Regulators are regulating an industry they don't understand, and they're trying to take the decentralization out of DeFi. We can't let them! In a special guest column, we unpack newly proposed U.S. Treasury rules and detail how you can get involved to protect DeFi.

*tl;dr* – [***Send a comment to the IRS right now!***](https://www.protectdefi.org/)

### **Why this matters:**
These latest rules don't make any sense, and regulators need to hear how unclear rules could seriously damage the crypto industry. The last thing we need is more anti-crypto regulators getting carte blanche to do whatever they want.

### **The takeaway:**
Sometimes, to protect your vision of the future, you need to play by the old rules to get anything done. Filling out comments and sending them to the IRS shouldn't be a necessary step to getting halfway sensible legislation across the finish line, but this is what we need to do!

[It's Time to Save DeFi](https://www.bankless.com/its-time-to-save-defi)
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