In this week’s rollup, Bankless dives into Bitcoin and Ethereum’s “Downtober” pullback, Vitalik dubbing low-risk DeFi Ethereum’s true backbone, Tether chasing a $500 billion valuation, and Polymarket scoring a South Park cameo. Gary Gensler gets testy on CNBC while Paul Atkins pushes for pro-crypto regulation, and the debate rages over whether Base should be treated like Nasdaq.
On top of that, Synthetix brings perps back to L1, Coinbase teams up with Cloudflare x402 for secret sauce upgrades, and Vietnam shocks the world by deleting 86 million bank accounts amid new digital ID mandates.
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