Daily update: September 17th, 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

After securing a new 10-day high yesterday, Bitcoin has settled now below the $48,000 mark. Most alternative coins have registered losses in a day, including a massive 10% slump for the high-flyer Solana.

Bitcoin (BTC) is now trading at 47,501 USD (all data from Coingecko.com)

Ethereum (ETH) is now at 3,449 USD

PlatonCoin (PLTC) is now at 0,511 USD

Total marketcap is currently at 2.204 trillion USD

Tip: Do you know how the names of famous cryptocurrencies came about?

Daily news update

Shiba Inu coin: Listings on the largest US-based cryptocurrency exchange typically result in immediate price surges, and this transpired once again with Shiba Inu. SHIB surged by 44% in a day to a new monthly high.

DeFi and another hack: DeFi exploits continue as SushiSwap’s CTO Joseph Delong informed that the protocol’s token platform MISO became the victim of a supply chain attack. Early estimations show that the attacker duped more than $3 million in ETH.

SkyBridge Hedge Fund and Bitcoin ETF: United States hedge fund SkyBridge Capital has joined the long list of firms sending in applications for crypto-based ETFs. According to an SEC filing, the company has applied for a fund called the Crypto Industry and Digital Economy ETF.

US treasury and stablecoins: The U.S. Treasury is preparing a raft of recommendations for stricter oversight of Tether and other stablecoins, as unnamed insiders say the department has identified the greatest risks posed by the tokens, according to a recent Bloomberg report.

China and CBDC: With many expecting China’s e-CNY to be fully rolled out in time for the Beijing Winter Olympics in February, the country’s central bank says the digital currency’s pilot program for the upcoming games is approaching the finish line.

South Korea and regulations: The Financial Services Commission (FSC) in South Korea has set a deadline for foreign and local crypto exchanges to register as legal trading platforms. The financial watchdog has set a September 24 deadline for exchanges to comply. This requirement is part of an effort to tighten oversight of the country’s exuberant crypto sector. Consequently, nearly two-thirds of all exchanges will have to shut down.

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