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Weekly Crypto News Digest: Bitcoin Day and Flash Crash
Author: changehero
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Past seven days were full of both extremely optimistic and discouraging news: BTC became legal tender as markets crashed. Our team rounded up every relevant piece of news to give you a full picture of this situation in our newest crypto news digest!

Key Takeaways

ChangeHero Updates

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Latest Crypto News Digest

Bitcoin This Week

BTCUSD chart: September 10, 2021
Source: TradingView

Latest Bitcoin News

Altcoin News

Business Crypto News

Crypto News on Adoption

Regulation & Politics Crypto News

Social Media Crypto News Digest

Video of the Week

Why did the flash crash happen and will Bitcoin crash again? Nick Merten of the YouTube channel DataDash explains that there was no large negative news. The sellout impacted the market so significantly because of leveraged trading, which caused a cascade of liquidations.

Crypto News from Twitter

Possibly inspired by the developments in El Salvador, Grupo Elektra chairman announced plans to introduce Lightning Network payments in the stores of the chain. By the way, Elektra is one of the largest appliance store chains and cash advance service providers in Latin America.

It was not enough for OpenSea to be one of the top burners of ETH, and it started burning people’s NFTs (albeit, not intentionally). Due to a bug described in the thread, some 42 NFTs, including the very first Ethereum Name Service domain, got burned.

Coinbase CEO Brian Armstrong took to Twitter to tell a story how the SEC threatened the company with legal action. The point of contempt here was Coinbase Lend, which promised a return on USDC (Circle, the issuer, is in consortium with Coinbase) and was deemed a security.

Influencer of the Week

And speaking of the previous tweet, here’s a comment from one of popular crypto influencers, Altcoin Psycho. In their account, you can find commentary on the latest crypto news and helpful trading advice.

This Week on the Market

How is the market this week? At the moment of writing the digest, the general stats are:

7d Change in Top Coins

7D digest: September 10, 2021
Source: CryptoRank

At the moment of writing, the weekly change of the top currencies is:

Gainers of the Week

What is the best cryptocurrency to invest in for the long term? Holders of these tokens are reaping benefits this week:


Hope you were not discouraged by the dip — the rest of the news from the crypto world this week is wildly promising! From BTC receiving legal tender status to crypto purchases becoming more accessible, the sentiment is bound to catch up with the news. If you liked it, check out the next weekly crypto news digest in our blog. Follow ChangHero on Twitter, Facebook, Reddit and Telegram for daily updates and more content.