Digital Assets Report 38

Digital Assets Report 38


Fantasy soccer NFT platform Sorare scores $680 million raise led by SoftBank
Sorare, a soccer-focused NFT trading platform, has announced a $680 million Series B fundraise led by SoftBank.
China’s Digital Yuan App has Now Been Used by 139 Million People - The Tokenist
China’s digital yuan project has now reached 10% of China’s population while other countries continue to lag behind
Polychain and 3AC lead $230 million investment in Avalanche
Proof-of-stake blockchain platform Avalanche has raised $230 million in a token sale to institutional investors.
London-Based Open Banking Startup TrueLayer Raises $130M Led by Tiger Global, Stripe
The fundraise sees TrueLayer’s valuation surpass $1 billion, thus giving it “unicorn” status.
OpenSea confirms executive used insider knowledge when buying NFTs
The marketplace acknowledged that its head of product purchased NFTs that he knew were going to be displayed prominently.
Top Brazilian investment bank BTG Pactual launches crypto trading app
Major Brazilian investment bank continues to expand its presence in the crypto industry with the launch of a dedicated digital asset trading platform.


Crypto Charts 37
BitcoinBitcoin Bullish Long Term ChartLast time out 2 weeks ago I said ’I believe we are tracing out a wave 2correction which could see a sell off in the form of a zigzag to around the 45′000 level. If we fail to break 46′400, I expect to see triangle formationthat will also ultimately lead high…
Evergrande’s impact on Bitcoin highlights how cryptocurrencies still have growing pains
The impact of China’s real estate giant, Evergrande, on the crypto market shows how cryptocurrencies are falling short of being ‘digital gold’. While investors
Crypto Prices Plummet Amid Global Market Fears - Decrypt
The top cryptocurrencies have all fallen amidst a drop in stocks and fears over China’s Evergrande.
The Week On-chain (Week 38, 2021)
Bull market Bitcoin buyers take modest profits this week, whilst exchange balances continue to decline, and miner hash-rate recovery continues.
On-Chain Analysis of Bitcoin's weekly price movement
Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears
The latest bout of selling in the Ethereum market also triggered a classic bearish pattern, which has a 75% accuracy in hitting its downside targets.


GFMA | Global Financial Markets Association | GFMA Urges Modifications to Proposed Prudential Treatment of Cryptoassets to Realize the Benefits of Distributed Ledger Technology Across the Real Economy
Press Release Washington, D.C., 21 September 2021—GFMA, along with five other trade associations, filed a comment letter expressing their belief that the Basel Committee on Banking Supervision’s consultative document on the prudential treatment of cryptoasset exposures should be revised to help real…
Treasury, Fed fear ‘stablecoins’ could disrupt financial system
New attention on so-called stablecoins is setting up a clash between the emerging crypto industry and financial regulators.
US Sanctions Enforcer Blacklists a Crypto Exchange for First Time
The Treasury’s Office of Foreign Assets Control labeled a “specially designated national,” putting the exchange in a category with suspected terrorists.
SIX Digital Exchange (SDX) receives FINMA approval
SIX Digital Exchange (SDX) has formally received the green light from the FINMA to operate an exchange and central securities depository for digital
Following SEC notice, Coinbase abandons plan for crypto lending program
Cryptocurrency exchange Coinbase has announced it will not be pursuing a crypto lending program aimed at offering 4% annual yield returns on deposits of USD Coin.
Nearly 70 South Korean Crypto Exchanges May Have to Suspend Service: Report
The deadline to register with South Korea’s Financial Intelligence Unit is Sept. 24, but only four exchanges have registered so far.
Binance to End Crypto Derivatives in Australia by December
Existing Australian users have 90 days to close their positions on options, futures, and leveraged tokens.
Leaked Slides Show How Chainalysis Flags Crypto Suspects for Cops, a block explorer site secretly operated by Chainalysis, has provided law enforcement with “meaningful leads,” the documents say.


Erdogan Says Turkish Government Is ‘At War’ with Cryptocurrencies | Finance Magnates
The AK Party Deputy Chairman also noted that cryptos open the doors ‘to grievances.’
Is Solar Power A Good Fit For Bitcoin Mining?
As Bitcoin transforms the incentives around energy use, will solar power become the future of mining?
Coinbase Exec: Institutions Want Crypto—And ‘It’s Not All About Bitcoin’ - Decrypt
Brett Tejpaul, Coinbase’s head of institutional sales, says the exchange’s clients are experiencing a “light-bulb-on moment” right now.

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