Crypto Market Weekly Summary: November 1 - November 6, 2021

Crypto Market Highlights

U.S. Stablecoin report released - recommends broad legislative action to regulate stablecoin issuers, including enacting deposit insurance requirements
CME expected to launch micro ether futures on December 6, 2021
Federal Reserve tapers bond purchases by $15 billion each month with interest rates remaining unchanged
Senator Toomey promises to fix flawed crypto brokerage language in Infrastructure Bill
NYC Mayor-Elect Eric Adams to accept paychecks in bitcoin
Enjin allocates $100M to fund a metaverse
Acting US comptroller says both OCC crypto review and interagency 'crypto sprint' have concluded
Biden administration formally nominates crypto critic Saule Omarova for the Office of the Comptroller of the Currency
Microsoft, Nike embrace metaverse following Facebook’s name change
Avalanche launches fresh $220 million investment fund