Bankless: How Bad Will This Pullback Be? Will October Be Uptober or Downtober?

TL;DR

October’s looking more like “Downtober” than “Uptober” as Bitcoin and Ethereum stumble, but Vitalik’s over in DeFi-land calling low-risk protocols the real backbone of Ethereum.

Meanwhile, Tether’s chasing a jaw-dropping $500 billion valuation, Polymarket gets a shout-out on South Park, Gary Gensler has a testy CNBC cameo, Paul Atkins is drumming up pro-crypto rules, there’s a spicy debate over whether Base should be regulated like Nasdaq, and Vietnam just wiped out 86 million bank accounts as it rolls out digital IDs.

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