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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