On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. Source: https://cointelegraph.com/news/a-third-of-salvadorans-actively-using-chivo-wallet-president-bukele-claims

Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600. Source: https://cointelegraph.com/news/all-bark-and-some-bite-china-s-bitcoin-ban-puts-traders-in-the-fear-zone

Despite a blanket ban in China and regulatory crackdowns on exchanges in Korea, Asia remains a hotbed for crypto investments. Source: https://cointelegraph.com/news/crypto-asset-manager-cobo-raises-40m-to-launch-defi-as-a-service

On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator. Source: …

Layer-2-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge. Source: https://cointelegraph.com/news/data-shows-parabolic-style-growth-in-layer-2-based-defi-and-dex-platforms

BTC’s lack of integration with traditional finance and its inability to be forcefully sold to cover financial losses mean the price might not ‘collapse’ if there is a global …

The rush to so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve would taper its $120 billion a month asset purchasing program. Source: https://cointelegraph.com/news/bitcoin-jumps-toward-49k-amid-fears-5-plus-inflation-is-here-to-stay

Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange. Source: https://cointelegraph.com/news/evolve-or-die-how-smart-contracts-are-shifting-the-crypto-sector-s-balance-of-power

Traders are long on Ethereum, but derivatives data suggests that $4,000 ETH is a long shot in the short term. Source: https://cointelegraph.com/news/ethereum-options-data-suggests-the-battle-for-4k-eth-is-at-least-a-week-away

$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level. Source: https://cointelegraph.com/news/bitcoin-bulls-look-to-profit-from-friday-s-195m-btc-options-expiry