GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.

This week we have:

• New Pod: Are We Entering Crypto’s Banana Zone? 💎

• How does Fed rate cuts affect Crypto 🔍

• Eigenlayer’s token finally tradable 🔥

NEWS📰

 🥂 Bitwise Files to Create Spot XRP ETF

Bitwise has submitted an S-1 filing with the U.S. SEC to launch an exchange-traded fund (ETF) tied to XRP, Ripple’s cryptocurrency. While this is a significant first step, full approval could take years, as shown by previous ETF filings.

🚀 EigenLayer’s $EIGEN Token Now Tradable

EigenLayer has lifted transfer restrictions on its EIGEN token, now freely tradable and valued at $7.1 billion. Despite a drop in total value locked from $20 billion to $10 billion, the protocol remains influential in Ethereum's ecosystem.

📉 Bitcoin ETFs Face Largest Monthly Outflow Amid Rising Middle East Tensions

Rising Middle East tensions led to nearly $243 million in outflows from U.S. Bitcoin ETFs on Oct. 1, with Fidelity and ARK 21Shares seeing the biggest losses. BlackRock’s Bitcoin Trust was the only one with inflows.

🌍 Trump Opens KYC Verification for World Liberty Financial

Donald Trump announced that the whitelist for his crypto project, World Liberty Financial (WLF), is now open. Eligible individuals can start the KYC process to access WLFI tokens, with 63% offered to the public.

🏦 Banks Set to use Swift for Token Transactions Starting 2025

Next year, Swift will begin live trials of digital asset and currency transactions across its global network, enabling banks to transact seamlessly between digital and traditional currencies. The trials aim to promote global adoption of digital assets while maintaining secure, reliable infrastructure.

⚖️ SEC Appeals Decision in Ripple Lawsuit

The U.S. SEC filed an appeal to challenge Judge Analisa Torres’ ruling in the Ripple lawsuit. The 2023 decision stated that secondary sales of XRP did not qualify as securities, though initial sales to institutional investors were deemed securities sales.

💰Tron Network Reports Record $577M Revenue in Q3

The Tron network posted a record $577 million in Q3 revenue, driven by increased stablecoin activity. Tron outpaced Bitcoin and Ethereum in quarterly income. Tron is now the second-largest blockchain for stablecoins, popular in emerging markets like South America and Africa.

🗳️ Courts Allows Prediction Market Kalshi to Offer US Election Betting

A U.S. federal appeals court has granted Kalshi permission to offer event contracts based on U.S. election results, paving the way for election prediction markets to function despite opposition from the CFTC. This decision comes amid over $1 billion being wagered on platforms like Polymarket for the upcoming presidential election.

🔥 Franklin Templeton Expands Blockchain Fund to Aptos

Franklin Templeton has launched the Franklin OnChain US Government Money Fund (FOBXX) on the Aptos blockchain, making it the first money market fund on the platform. The fund tokenizes shares as BENJI tokens and has over $427 million in assets.

🦑 Australia’s Operation Kraken Seizes $6.4 Million in Crypto Tied to Global Crime

The Australian Federal Police seized $6.4 million in cryptocurrency from Jay Je Yoon Jung, linked to the Ghost app for organized crime. The seizure is part of Operation Kraken, which has led to 46 arrests and aims to disrupt criminal networks.

Are We Entering the Banana Zone?

In this episode, I ask the question, Are we entering crypto's parabolic phase? and explore some fundamentals to answer that. I dive into past parabolic rallies, what triggers them, how current fundamentals stack up, and factors like the wealth effect, ETFs, and more.

The Impact of Fed Rate Cuts on Crypto

In this week’s episode, I break down the Fed’s recent rate cut and its impact on crypto and other markets. I also cover expert predictions on future cuts, quantitative easing, and whether this is bullish or bearish for Bitcoin and altcoins.

How I went All-In on Crypto 2 Years Ago

In this week’s video, I share how I put 99% of everything I had into crypto two years ago. I discuss what’s happened with my investments since then and my thoughts on what’s likely to happen next.

AIRDROPS 🪂

To Claim:

Eigenlayer (Season 2 claims)
Etherfi (Season 3 claims)
$ORDER (now claimable)
Renzo (Season 2 claims)

To Farm:

Fluid: Lend/Borrow Funds
Gearbox: Earn/Borrow/Farm
Symbiotic: Restaking your ETH
BonsaiDAO: Restaking your ETH
Contango: Defi Looping

SOME TWEETS

MEME OF THE WEEK

TEMPERATURE CHECK📒