Crypto Market Weekly Summary: September 13 - September 17, 2021

Crypto Market Highlights

• MicroStrategy purchases an additional 5,050 bitcoin for about $242.9 million at an average price of $48,099 during the 3Q as total investment exceeds $3.1B

• $1.2B in Ether withdrawn from centralized exchanges on Thursday in record daily outflow

• Solana Network suffered outage that lasted for 18 hours on Tuesday due to a Denial-Of-Service

• CoinBase to soon offer crypto futures and derivatives

• Analysts question whether Evergrande Group’s $300B debt crisis could spread contagion to the crypto market

• Stablecoin Tether claims to hold no commercial paper from struggling Evergrande Group

• Theater chain AMC to accept Litecoin, Ethereum, along with Bitcoin

• Asset manager Franklin Templeton prepping blockchain fund

• South Korea suspends 60 crypto exchanges, postpones proposed crypto-taxation policy to 2023