Crypto hedge funds: If anyone here has invested in these crypto hedge funds let us know (or others)... we are doing research for an article in next week's Coinstack newsletter.

Pantera
Multicoin Capital
Arca Digital Assets
OxPartners

If anyone is at the Messari Mainnet 2021 conference in NYC today let us know. We are there!

MiamiCoin is showing us a new creative way for municipalities to benefit from DeFi.

https://cointelegraph.com/news/miamicoin-generated-2k-every-10-minutes-for-the-city-says-mayor

You can now get paid in Bitcoin to use Twitter 🚀

https://twitter.com/jackmallers/status/1441089090628177933

🗞️ Coinstack weekly newsletter is out...
https://coinstack.substack.com/p/defi-and-the-future-of-finance-part

The new global financial system is being built with smart contracts, blockchains, oracles, AMMs, money markets, and tokens. Here's =what's wrong with our current global financial system -- and how DeFi is fixing it.

Inside this issue:
Latest Crypto Market Forecast
DeFi & The Future of Finance: Part I
This Week in Crypto…
🗞️ Top Weekly News
💵 Weekly Fundraises
📊 Key Stats
📝 Report Highlights
📈 Top 10 Performers
🎧 Best Podcasts
🚀 Deep Dive on Avalanche - AVAX Up 53% in 30 Days
Coinstack Podcast Episodes
Top 30: A Good Long-Term Crypto Portfolio
Join Our Telegram Group
Who We’re Following Closely on Crypto Twitter
How to Get Started in Crypto Learning

🎧 New Podcast Episode: This Week in Crypto- (Gensler Responds to Coinbase Allegations, UAE Regulators Approve Crypto Trading in Dubai, BlockFi Answers NJ Cease-and-Desist)

https://anchor.fm/coinstack/episodes/This-Week-in-Crypto--Gensler-Responds-to-Coinbase-Allegations--UAE-Regulators-Approve-Crypto-Trading-in-Dubai--BlockFi-Answers-NJ-Cease-and-Desist-e17rn1s

The top crypto news, reports, stats of the week and give our latest crypto forecast. The selloff in equities from China’s Evergrande crisis took the crypto market down with it temporarily, testing floor prices for BTC ($40k) and ETH ($3k), which have since rebounded. Once September options contracts expire on Friday, we are expecting a nice rebound into October. Based on on-chain analytics, TVL trends in DeFi, and the amount of capital coming into the space from institutional investors, crypto markets appear headed toward new all-time highs. We expect to see new all-time highs this Fall for both Bitcoin and Ethereum. While things could always change, we expect to see $80k+ BTC and $6k+ ETH by the end of 2021.

Chainalysis' latest report showing European countries accounting for 25% of global activity within the crypto economy with the majority of large institutional-sized transfers going to DeFi platforms.

https://blog.chainalysis.com/reports/central-northern-western-europe-cryptocurrency-geography-report-2021-preview

The Economist published two good articles on DeFi last week...

https://www.economist.com/leaders/2021/09/18/the-beguiling-promise-of-decentralised-finance

https://www.economist.com/briefing/2021/09/18/adventures-in-defi-land

Entrepreneur Magazine published a nice article about HeartRithm CEO and founder Nick Sullivan today. I work with Nick at HeartRithm, a crypto quant fund.

"Meet the Silicon Valley Entrepreneur Using Cryptocurrency to Create Social Impact"

The PDF is attached and the link is below.

https://www.entrepreneur.com/article/387081

Here are the top blockchains based on Total Value Locked in DeFi. Data from Defillama.com.

Fantom, Arbitrum, and Avalanche grew the most in the last 7 days.

Ethereum now has 1000x more money at work in DeFi than Bitcoin ($122B vs. $122M).

Here is the same data in graphical format.

Ethereum remains King of DeFi by a huge margin.

🗞️This week's Coinstack newsletter is out...

"DeFi & The Future of Finance: Part II"

https://coinstack.substack.com/p/defi-and-the-future-of-finance-part-7eb

In This Week’s Issue:
1. DeFi & The Future of Finance: Part II
2. Meet the Silicon Valley Entrepreneur Using Cryptocurrency To Create Social Impact
3. This Week in Crypto…
🗞️ Top Weekly News
💵 Weekly Fundraises
📊 Key Stats
📝 Report Highlights
📈 Top 10 Performers
🎧 Best Podcasts
4. Coinstack Podcast Episodes
5. Top 30: A Good Long-Term Crypto Portfolio
6. Join Our Telegram Group
7. Who We’re Following Closely on Crypto Twitter
8. How to Get Started in Crypto Learning

(SEC) Chairman Gary Gensler reiterating support for a narrow class of bitcoin ETFs that would invest in futures contracts instead of buying the cryptocurrency directly.

https://www.coindesk.com/markets/2021/09/30/bitcoin-jumps-as-secs-gensler-reiterates-support-for-futures-etf-dollar-rally-may-cap-gains/

🎧 New Podcast Episode: This Week in Crypto- (Bitfinex's $23.7M ETH Fee, Cardano's $100M INvestment in DeFi, Arca Labs Tokenized US Treasury Fund)

https://anchor.fm/coinstack/episodes/This-Week-in-Crypto--Bitfinexs-23-7M-ETH-Fee--Cardanos-100M-INvestment-in-DeFi--Arca-Labs-Tokenized-US-Treasury-Fund-e184jpe

The top crypto news, reports, stats of the week and give our latest crypto forecast. A macro, mid-macro, and short term forecast for the crypto market as well as a deep dive on a few reports by The Bank for International Settlements (BIS) and a new report by Chainalysis showing Europe becoming the largest crypto economy with over $1T In transactions in DeFi.

🎧 New Podcast Episode: DeFi & The Future of Finance - The Winning Blockchains and Dapps with Ryan Allis

https://anchor.fm/coinstack/episodes/DeFi--The-Future-of-Finance---The-Winning-Blockchains--Dapps-e184s35

In this podcast I explain why Decentralized Finance, or DeFi, is making the old financial system more efficient and secure through code -- while reducing costs and expanding access. We also talk about Ethereum, Binance Smart Chain, Solana, Terra, Polygon, Avalanche, Fantom, Waves, Huobi Eco Chain, Celo, Arbitrum, and Bitcoin.

Please pass along to friends interested in learning about what's happening now in DeFi.

This episode is sponsored by HeartRithm.

Polygon achieves record growth with 288K DAU

https://ournetwork.substack.com/

Brazil seeks to regulate Bitcoin through a new bill in an effort to not fall behind the innovation age

https://twitter.com/Blockworks_/status/1445009006825771015?

HeartRithm, the crypto quant fund I work with, is hiring a Smart Contract Developer / Head of DeFi Development... please pass along any CVs or introductions to me at ryan@heartrithm.com.

BTC dominance fell from 70% to 40% as DeFi and NFTs continue to raise demand on ETH's network, as observed by Bloomberg in their latest Crypto Report.

https://assets.bbhub.io/promo/sites/12/1411131_Crypto-October2021Outlook.pdf?link=button-header

Among blockchains with at least $1B in Total Value Locked (TVL) in DeFi... Avalanche has grown the fastest the last 28 days, up 122.3% in TVL.

What's driving this major rise in Avalanche usage? We'll be publishing our research in tomorrow's Coinstack newsletter.