?? Weekly Crypto Market Update (Oct 5th - Oct 11th)
Hey Cryptologists! Here’s your weekly recap of the key events that shaped the crypto market this week. As of Friday, Bitcoin is trading at $61,050, Ethereum at $2,410, and the Fear & Greed Index stands at fear at 37.
Key Highlights:
?? HBO Documentary Suggests Peter Todd is Satoshi Nakamoto
The new HBO documentary “Money Electric: The Bitcoin Mystery” has named early Bitcoin developer Peter Todd as the potential creator, Satoshi Nakamoto. Todd quickly denied the claims, leading to widespread debate and skepticism within the crypto community regarding the evidence presented.
?? Uniswap Labs Unveils Ethereum Layer 2 'Unichain'
Uniswap Labs announced its new Ethereum Layer 2, Unichain, using Optimism's OP Stack to improve transaction speeds and interoperability. Unichain will support Uniswap’s decentralized exchange with V2, V3, and V4 expected by year-end, aiming to reduce fragmentation within the Ethereum ecosystem.
?? Bitcoin Holds Steady Despite SEC Charges Against Cumberland DRW
Bitcoin’s price remained stable despite the SEC's allegations against Cumberland DRW for securities violations. The crypto market’s steady response suggests growing confidence that companies like Cumberland can successfully contest regulatory challenges in court.
?? National Bank of Bahrain Launches Bitcoin Investment Fund
The National Bank of Bahrain launched its first Bitcoin investment fund for institutional investors in the Gulf Cooperation Council, partnering with ARP Digital. The fund provides Bitcoin exposure with capped gains and 100% downside protection, reflecting Bahrain’s push to attract more digital asset businesses in a secure regulatory environment.
That wraps up this week’s #Cryptology_Market_Update. Stay tuned for more insights next week!