Crypto weekly: Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF; Honda Accepts Crypto Payment Including Bitcoin And XRP.

Welcome to our review of the main events from the world of cryptocurrencies. Over the past week, the market has demonstrated significant fluctuations, and in the coming week we are expecting important events that may have an impact on further dynamics. Let’s take a look at the details.

Review of the past week:

October 2, 2023

Chainalysis Idling 150 Employees As Chill Of Crypto Winter Persists.
Company broadens its retreat from the commercial market while concentrating on more stable government contracting. Read more

October 2, 2023

Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF.
The company’s Ethereum trust is the largest ether investment product in the world with nearly $5 billion in AUM. Read more

October 3, 2023

Honda Accepts Crypto Payment Including Bitcoin And XRP.
The FCF pay is only available for US citizens for buying, renting, or leasing Honda products, but it will expand to other countries in the future.
Read more

October 3, 2023

LayerZero eyes Asia expansion with Conflux partnership.
The partnership comes amid speculation that China’s views on crypto may be softening. Read more

October 4, 2023

El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor.
El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor.
Read more


What’s coming up for us this week:

October 11, 2023

U.S. Federal Open Market Committee (FOMC) Meeting Minutes.
The minutes of regularly scheduled meetings will be released on October 11, 2023, at 06:00 P.M. UTC. Read more

October 12, 2023

Next release of U.S. Consumer Price Index.
September 2023 CPI data are scheduled to be released on October 12, 2023, at 12:30 P.M. UTC. Read more


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Best regards,
FYBIT team

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