Elon Musk advises US regulators avoid regulating сrypto

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Weekly Market Summary

Coinbase will let U.S. users deposit any percentage of their paychecks directly into their accounts in the upcoming weeks. Deposits can either be in U.S. dollars or immediately transferred into cryptocurrencies with no fees. This step comes as Coinbase faces increased criticism from regulators over digital assets.

“With direct deposit, customers can more easily access our crypto-first financial services and be ready for any trade or purchase,” Max Branzburg, vice president of product at Coinbase, said in a blog post. “We’re determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users.”

Digital yuan is already accepted in taxis of the Chinese city Xi’an. As the local source states, it is the first city in China to accept digital renminbi as a taxi fare.

QR codes were installed in 10 cars of the local taxi company. The passengers can scan them to pay the fare with digital yuan.

Quick weekly news:

• First cryptocurrency fund approved in Switzerland
• China’s Bitcoin ban may be bullish for DeFi
• BTC price reclaims $42K as infrastructure bill vote
• Cardano will soon have a stablecoin

Other notable events include:

– Elon Musk advises US regulators avoid regulating сrypto
– Binance NFT Feature and Mystery Box Raffle Promotion

Elon Musk advises US regulators avoid regulating сrypto

At the Code Conference in Beverly Hills on Tuesday, Tesla CEO Elon Musk said that the US government should steer clear of trying to regulate the cryptocurrency market.

“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” he claimed from the stage.

A New York Times reporter Kara Swisher asked if the U.S. government should be involved in regulating crypto space. In response, Elon replied: “I would say, ‘Do nothing,”

The Tesla SEO also admitted that “cryptocurrency is fundamentally aimed at reducing the power of a centralized government, and they (government) don’t like it.”

Binance NFT Feature and Mystery Box Raffle Promotion

Binance exchange announced that Binance NFT Marketplace supports NFT deposits from the Binance Smart Chain (BSC) and Ethereum (ETH) networks

Binance NFT Launches Two Exclusive Promotions To Celebrate New Feature Launch

Promotion A: Deposit Your NFTs & Receive a Mystery Box!
The first 1,000 users who deposit their NFTs from our approved smart contract addresses will receive a Mystery Box.

Promotion B: Trade NFTs with Zero Trading Fees!
All users who trade NFT deposits from the approved smart contract addresses will enjoy zero trading fees.

• Spot trading: At the spot trading front, Bitcoin (BTC) and Ethereum (ETH) have become new favorites.Solana (SOL) and Cardano (ADA) were pushed to third and fourth places
• Derivatives: Bitcoin (BTC) and Ethereum (ETH) have become the most traded currencies as to trading derivatives. FTX Token (FTT) is following these two head to head with Tezos (XTZ) and Cosmos (ATOM) taking fourth and fifth places

New Listings on Kraken:

• Raydium (RAY/USD RAY/EUR)
• Oxygen (OXY/USD OXY/EUR)

New Listings on KuСoin:

• THORChain (RUNE/USDT RUNE/BTC)
• Antimatter.Finance Governance Token (MATTER/USDT)

New Listings on Gate.io:

•  Deri Protocol (DERI/ETH DERI/USDT)
• Tokyo AU (TOKAU/USDT)
• Mcashchain (MCASH/USDT)

New Listings on Huobi:

• Galatasaray Fan Token (GAL/USDT)

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in our app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or an exchange of your choice!

FROGE is the first eco-token that was launched to raise funds for rainforest preservation. Of every transaction, creators state, 0,1% is donated to Cool Earth, a charity organization that supports rainforest communities in their fight against deforestation and global warming.

Moreover, holding FROGE is the best way to earn passive income on the crypto market, because 1% of every transaction is distributed between all holders of the FROGE token.

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Avalanche is the fastest smart-contract platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost and green.

AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.

Recent announcements:

DeFi platform Vee Finance exploited for $35M on Avalanche blockchain
Will Avalanche zoom past Solana, to claim a spot among top ten cryptocurrencies

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We have prepared top-performing coins as of September 30th!

OMG Network has managed to become the best performing asset among TOP-100, gaining 15.82% within the last 24 hours.

Bitcoin Cash ABC was the worst-performing asset among TOP-100 (again), losing 12.21% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter.

Top cryptomeme of the week

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