POKKET: Crypto Market Update (Oct 6)

Uptober continues with Bitcoin +4.1% to $51.5k, ETH is +3.7% to $3500. Movers are LINA +15%, DENT +13%, RSR +11%, ANKR STMX CHZ HOT +9%, ADX -11%, EVX POLY -10%.

Axie Infinity creators Sky Mavis closed their series-B round with $152M at a $3B valuation, led by a16z, and other investors including Accel and Paradigm.

USDC issuer Circle has shared they are being investigated by the SEC and received an “investigative subpoena” back in July.

A leading Republican on the House Financial Services Committee (the what?) introduces a bill to establish a ‘safe harbor’ for digital tokens, derived from a proposal from the SEC’s Hester Peirce.

Lawmakers in Brazil are now working hard to establish a regulatory framework to make it easier to invest in Bitcoin and make it a legal payment currency.

Taking inspiration from Volcanode, Colombia is looking to use waterfalls to produce Bitcoin.

The fifth-largest US bank, well, called US Bank, announced it will launch custodial services for Bitcoin.

According to DeFi Pulse, TVL is ticking back up and sits at $91B, as it tries to climb back to September highs of $98B.

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POKKET is a new cryptocurrency savings account service to help you earn interest returns on your crypto assets. 6–8% APY on Bitcoin lending, +100 other assets!