Crypto Market Weekly Summary for August 2nd-7th, 2021
Updated: Aug 10, 2021
*The crypto events from the past week, as well as many more were detected by Crowdsense hours or days before reaching the market...
Crypto Market Highlights
US Congress expected to vote on new crypto industry crippling taxation bill on Saturday
SEC’s Gensler calls on Congress to help rein in crypto 'Wild West’ with a focus on DeFi, stablecoins, and exchange-traded funds
Biden Deals Major Blow to Crypto Industry, Backs Plan to Tax Proof-of-Stake
Treasury Secretary Janet Yellen Lobbying Against Favorable Amendment to Cryptocurrency Tax Provision
Bitcoin (BTC)
SEC’s Gensler Hints at Approval of Bitcoin ETFs based solely on regulated bitcoin futures to the dismay of the bitcoin community
Marathon Splashes $120 Million On Bitcoin Miners From Bitmain
Ethereum (ETH)
SEC’s Gensler refuses to comment on whether Ether is a security leading to more regulatory uncertainty
Ethereum EIP-1559's First Hours: Deflationary Block Mined, Gas Prices Back to Normal
Additional Coins
MiamiCoin ($MIA): to Launch Its Own Cryptocurrency, MiamiCoin
Ripple ($XRP): SEC vs. Ripple: Judge Grants Request For Binance Documents