Daily update: October 1st, 2021

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Here you will find our daily update, which will provide you with all the main information and events on the crypto markets for the previous day.

Crypto market update

The price of Bitcoin has jumped to a weekly high of nearly $45,000 amid positive news coming from the US Fed Chair – Jerome Powell. Most alternative coins have reported substantial daily gains, with ETH rising above $3,100 and BNB jumping to $400. The cryptocurrency market cap has increased by roughly $100 billion and is just shy of $2 trillion.

Bitcoin (BTC) is now trading at 44,072 USD (all data from Coingecko.com)

Ethereum (ETH) is now at 3,028 USD

PlatonCoin (PLTC) is now at 0,551 USD

Total marketcap is currently at 2.020 trillion USD

Tip: This econoic crisis could be something different?

Daily news update

Visa and CBDCs, stablecoins: Visa has suggested that central bank digital currencies (CBDC) and stablecoins should be interoperable, according to a published paper. The “Universal Payment Channels” whitepaper discussed an interoperability platform for digital currencies and a framework built on top of various distributed ledger technologies.

Value locked in DeFi increased by 936%: DappRadar currently reports a total value locked of $114.8 billion which is an increase of 936% since the same time last year. The report added that the industry’s TVL grew 75% between July 23 and September 5, reaching a peak of $195 billion across all chains.

DJ Okenfold and NFT album: DJ Paul Oakenfold is a three-time Grammy Award nominee and his career in the music industry spans back to the early 1980s. His upcoming album dubbed “Zombie Lobster”.  Every aspect of the album will be tokenized on the Cardano blockchain, including cover art, tracks, sleeve notes and remixes. The album is part of a release from an NFT project named “Starship Universe”.

TikTok and NFT: A recent announcement from TikTok has shared that creator-curated NFTs are on their way, powered by Immutable X. TikTok shows a heavy-hitting list of creators that will part of an initial creator NFT launch auction that will go live on October 6.

Powell does not want to ban crypto: Federal Reserve Chairman Jerome Powell confirmed that the U.S. has no plans to ban Bitcoin and cryptocurrencies. Stablecoins ought to be brought into the regulatory framework, according to him.

US Congressman and crypto: Congressman Madison Cawthorn has taken to Twitter to propose using cryptocurrencies as the new gold standard. The gold standard was discontinued by Nixon in 1973, which marked the start of the age of fiat money.

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