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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