Crypto Market Weekly Summary: October 4 - October 8, 2021

Crypto Market Highlights

• NFT sales surpass $10B in third quarter

• Billionaire investor George Soros' family office owns bitcoin, confirms Soros Fund CEO/CIO

• SEC Chairman Gensler: The SEC can’t and won’t ban crypto — it’s “up to Congress”

• Ethereum miner balances (in USD) hit new all-time high at $1.85B

• Stellar Foundation partners with MoneyGram to enable near-real-time settlements

• Celsius reportedly borrowed $1B from Tether with Bitcoin as collateral

• Crypto exchange Binance looks to Ireland for regional HQ

• DeFi Total Value Locked reaches milestone high of $210B

• Yearn Finance signals multi-chain entrance with launch on Fantom Network

• Chinese crypto ban makes over 20 crypto-related companies withdraw from China

• SEC may approve four Bitcoin ETFs in late October - Bloomberg