Crypto Market Weekly Summary: September 6 - September 10, 2021

Crypto Market Highlights

• Crypto market flash crashes on “Bitcoin’s Day, with $380B+ in market value destroyed & most altcoins down 30%

• Mastercard purchases crypto intelligence firm CipherTrace to boost crypto monitoring

• Ukrainian Parliament passes law legalizing cryptocurrency

• German asset manager Union Investment ($500B AUM) seeks Bitcoin exposure

• El Salvador becomes first country to adopt Bitcoin

• Crypto exchange FTX launches NFT marketplace for US-based customers

• FTX strikes ambassador, equity deal with NBA star Steph Curry

• Coinbase postpones launch of lending facility after SEC threatens to sue

• Trading Bitcoin’s like trading stamps, says Swedish central bank governor