PRICE CHANGE: WTD/YTD

- BTC ($13,808): +6% / +91%
- ETH ($390): -4% / +198%
- XRP ($0.24): -5% / +24%
- YFI ($10,293): -29% / +1,149%*
- Crypto Market Cap ($402B): +2% / +110% 
- BTC Dominance: 64%
* YTD returns from launch date of 7/20/20

STABLECOIN MARKET CAP CHANGE: WTD/YTD

- Tether ($16.6B): +2% / +302%
- USDC ($2.9B): +4% / +459%

THIS WEEK IN CRYPTO

- Iran became the first country in the world to officially declare bitcoin as an international medium of exchange. Iranian miners can now sell their cryptocurrency to the Central Bank of Iran. Iran wants to use BTC for cross-border settlements, as its fiat currency continues to suffer from US sanctions. Link. 

- Crypto exchange Poloniex is listing TRUMPWIN and TRUMPLOSE tokens, whose value changes depending on the outcome of the upcoming election. The tokens will be redeemable for either $1 or $0 after the election, based on whether Trump or Biden wins. Currently, users are bullish on Biden winning the election. Both tokens are recent entrants into Poloniex's Innovation Zone, which is a trading section that allows customers to discover innovative assets. Link. 

- A new study by Statista shows that crypto adoption has reached double digits in Brazil, Colombia, Argentina, Mexico, and Chile. Almost a third of Nigerians said they used or owned cryptocurrency, primarily because of the high cost of sending money across borders using traditional fiat rails. Link. Link. 

- The ConsenSys Q3 DeFi report warns that Eth 2.0 may not hit the staking threshold required to be secure and decentralized because of a growing number of DeFi protocols. DeFi protocols offer better liquidity and greater returns for Eth holders, vs staking which requires users to lock up their tokens for a variable return. Link. 

- JPMorgan Chase released its stablecoin (JPM Coin) about a year and a half after its announcement. JPM Coin is already live and reportedly used by a large tech company to send payments across the world. JPM has also created Onyx - a new business arm to house and operate its blockchain and digital assets business which employs over 100 people. Link.

- Coinbase launches its cryptocurrency Visa debit card in the US, allowing customers to spend crypto anywhere Visa cards are accepted. Previously, the card was only available in Europe. Link. 

- President Trump's campaign website was briefly hacked on Tuesday. The hackers claimed to have information discrediting Trump and provided two Monero addresses. One address was for people who wanted the information released, and the other for those who would prefer to keep it a secret. The site was only up for a few minutes before being taken down. Link. 

- DeFi protocol Aave officially transferred governance to its community. Users holding AAVE now have direct control over changes to the protocol. Link. 

- An Italian airport employee was caught illegally mining Ethereum on the airport's computer system. Link. 

- Plaintiffs in a civil lawsuit filed this spring allege that the leadership of crypto derivatives exchange BitMEX withdrew $440 million from the exchange after learning about pending charges from US regulators and law enforcement. Link. 

- Fidelity's crypto division, Fidelity Digital Assets, is partnering with Singapore-based Stack Funds to bring crypto custody services to high-net-worth investors in Asia who have expressed growing interest in BTC and other cryptocurrencies. Link. 

- Wrapped Bitcoin (WBTC) is now Ethereum's sixth-largest token by market cap, topping over $1.5 billion. WBTC is an ERC-20 token backed 1:1 by BTC reserves, and it accounts for 80% of the $2 billion worth of BTC on the Ethereum network. Link. 

- KPMG has announced a strategic alliance with crypto market data firm Coin Metrics. The alliance centers around three products including a blockchain search tool for auditing transactions on blockchains, a risk management tool for managing potential attacks, and a digital asset suite for fintech firms. Link. 

- Silvergate Bank, one of the first banks to let bitcoin companies open bank accounts, received $586 million in crypto deposits in Q3 2020, bringing its total crypto assets to $2.1 billion as of September. Link.