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We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics.
Here is everything you need to know from September 18th to September 22nd.
📈 Weekly BTC and ETH Overview
This past week Bitcoin and Ethereum, along with other cryptocurrencies, have witnessed more volatility due to the FED rate decision, which was made on the 20th of September. Closing the week, Bitcoin still fails to break the resistance price and get closer to the crucial $30K mark. Ethereum, on the other hand, despite having a shaky week, is showing more signs of bullish behavior after the FED announcement but dropped below $1.6K at the end of this week.
BTC is trading at $26.6K when writing, down 0.97% in the last 24 hours. Similarly, ETH is trading at $1.59K, down 1.33% in the previous 24 hours.
🗞️ Recent Market News
- Optimism to sell OP tokens worth $156M in upcoming private sale. According to recent reports, the team will sell the tokens to anonymous buyers to manage the treasury. Read more here.
- Grayscale files for a new ETF that will track ETH futures. After the recent win over the U.S. SEC, Grayscale filed for a new ETF to track ether futures. Read more here.
🚀 Project Updates
- Circle launches a native version of USDC on the Polkadot Asset Hub. Polkadot USDC is now accessible to developers and users, enabling seamless transfers to Polkadot's parachains via the XCM protocol facilitated by Circle Account and Circle APIs. Read more here.
- Biconomy launches its Smart Accounts Platform, enabling dApp, wallets, and app-chain developers to better UX tools. This development allows the team to evolve the wallet layer into a platform. Read more here.
- Injective announces launch of first ever native “.inj” domains with SPACE ID. Pre-registration for the domain is now open, and soon users will be able to own their first native INJ domain name to use across wallets, websites, dApps, and more across the Injective ecosystem. Read more here.
🔍 More Stories
- Thailand to tax crypto income from abroad. Previously, only foreign income transferred to Thailand in the same year it was earned was subject to taxation. The new rule requires individuals to report all foreign income, regardless of whether it was intended for use in the local economy. Read more here.
Related Market Updates
Market Updates: May 13 - May 17
The market is slowly gaining momentum again after the downward trends shortly following the halving. Given the positive spot Bitcoin ETF results of the last week, and movement across multiple projects within the space, Bitcoin broke through the $60K support level, reaching $66K at the end of this week. On the other hand, Ethereum is trading around the $3K level, which is located near the $2.8K support zone.