Your weekly dose of Crypto, Sept 19 - Sept 25

1. The total market cap stood at $2 trillion and is down by over 10% in the last 7 days. Bitcoin dominance is at over 40%, whereas Ethereum dominance is at over 17.5%.

2. BTC and ETH are both down in double digits as the market slumped twice in the last 7 days. At first, due to fears of Evergrande’s potential collapse and after a couple of days, due to China’s reiterated stance on crypto market as a whole.

   • China’s property giant Evergrande’s debt crisis sent down crypto market, S&P 500, Dow Jones Industrial Average, and global equity markets.
     
   • The People’s Bank of China has firmed up its stance on crypto by declaring that cryptocurrency trading and all related services are illegal in the region link.

3. Among the altcoins, Huobi Token, the native token of Huobi exchange(China’s largest exchange), is down by over 48% in the last 7 days. Whereas Celer Network (CELR) and Decentralized Social (DESO) are up by over 60% in the last 7 days.

4. At Cardano Summit 2021, IOHK has announced its partnership with Dish Network, a major US telco company, to make products with them link. It also announced its partnership with Chainlink to help its developers build smart contracts link.

5. Twitter has rolled out worldwide Bitcoin tipping on iOS devices and has announced its plans to explore NFTs for authentication link.

6. Crypto.com has announced a partnership with Philadelphia 76ers as jersey sponsors and will release 76ers NFTs.link

7. A Newsweek poll has revealed that roughly one third of voters from America’s swing states are in favor of using crypto as payment.link

8. Burger King has launched a new NFT campaign called “Keep It Real Meals” in collaboration with NFT marketplace Sweet. Scanning QR codes on meal boxes will unlock NFTs and a variety of rewards. link