Crypto Market Weekly Summary: August 23 - August 27, 2021
Updated: Aug 28, 2021

Crypto Market Highlights
Crypto ‘not protected by law,’ rules Shandong provincial high court in China
China’s central bank: Virtual currencies such as Bitcoin aren’t legal tender, have no actual value
Grayscale Tops Up Ethereum Investment To $10 Billion
Stablecoin USDC to consolidate reserves into cash and US treasuries
OpenSea NFT Platform Eclipses $1.5B in Monthly Trading Volume
MicroStrategy Acquires Nearly 4,000 Bitcoin for $177 Million
Japan’s Financial Services Agency Considering Stricter Crypto Regulations
CFTC Commissioner Stump: Digital assets not regulated by the CFTC even if they are a commodity; rather CFTC regulates derivatives
Infrastructure bill set for a House vote by S