We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics. Here is everything you need to know from October 2nd to 6th.
📈 Weekly BTC and ETH Overview
Analysts say that the upcoming days will be crucial for Bitcoin as it will determine if it keeps going up or below the resistance level. The price recently surpassed $27.5K, but then went back to the $26K mark. If the price holds at the $27.5K level, then it is more likely to move towards $30k. If it doesn’t, then analysts predict it might move towards $20K. Similarly, ETH must hold the $1.75K level to prevent a crash. However, investors are hopeful for more upward movement in the coming weeks.
BTC is trading at $27.7K when writing, up 0.06% in the last 24 hours. ETH is trading at $1.63K, down 0.23% in the previous 24 hours.
🗞️ Top Market News
- Former BlackRock Managing Director Predicts SEC Approval for Bitcoin ETF in 3 to 6 Months. During a panel discussion on ETF, Steven Schoenfield gave his estimate based on a comment made from Bednall the weeks earlier. Read more here.
🚀 New Project Developments
- Polygon Initiates Testing of New Token POL-on Goerli Network for Polygon 2.0 Launch. The proposed upgrades envision a transformative overhaul of nearly every facet of the Polygon ecosystem, aiming to scale Ethereum to the magnitude of the Internet. Read more here.
- Blackbird Raises $24M in Series A Funding Round Led by a16z Crypto. The crypto restaurant app attempts to connect restaurants and customers via its cryptocurrency-powered app. Read more here.
- Burnt Secures Strategic Investment from Circle Ventures. Burnt, supported by Animoca and Multicoin, unveiled Xion's new layer-1 blockchain protocol. In a tweet on October 5, Burnt highlighted that Xion is the pioneering protocol to use Circle-backed USDC stablecoin as its primary transaction currency. Read more here.
- Itheum Partners with Inspir3 to Transform MultiversX Loyalty Programs. The collaboration aims to leverage Itheum's advanced data technology to bring a new perspective to loyalty programs. Read more here.
🔍 More Featured Stories
- India Develops Global Crypto Exchange Database to Combat Crypto Crimes and Money Laundering. The proposed database is designed to support law enforcement agencies, including the Income Tax Department and Central Bureau of Investigation, in collecting vital information about cryptocurrency transactions. Read more here.
