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POKKET: Crypto Market Update (Sep 27)

Bitcoin is +5% to $44.2k, ETH is doing better +9.3% at $3140. Movers are UNI +26%, INJ +19%, SUSHI +18%, ADX +17%, CRV AST +13%, REN +12%, 1INCH +10%.

DeFi tokens are leading the market rebound after Huobi shuts out Chinese traders following last week’s Chinese hardline stance on crypto. “Huobi Global will gradually retire existing Mainland China user accounts by 24:00 (UTC+8) on Dec 31, 2021, and ensure the safety of users’ assets,” the exchange said in the Sunday announcement.

Netflix is releasing in 2022 a documentary on the suspicious death of cryptocurrency multi-millionaire Gerry Cotten, the CEO of the infamous QuadrigaCX exchange in Canada — he is thought to have taken $250M in customer funds to the grave.

Cardano has announced partnerships with Dish Network and Chainlink, which will allow added support for devs working on the Cardano blockchain to build smart contracts.

BTG Pactual, Latin America’s biggest investment bank, is launching its own crypto asset platform which will support BTC and ETH trading, calling it Mynt.

Hedge Fund net leverage in US markets are at an ATH despite the ongoing Evergrande FUD.

Residents in California are starting to see shortages of toilet paper again and water, as Costco is now limiting customers on 5 water bottles each.

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