Crypto News Roundup for Oct. 6, 2021

With crypto markets rallying up, decoupling from the traditional markets and a look at what may be causing bitcoin to lose its dominance, CoinDesk’s Markets Daily is back with the latest news roundup.

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ABOUT

This episode is sponsored by Kavahttps://www.kava.io/marketsdaily?utm_campaign=Ad%20Affiliates&utm_source=markets_daily&utm_medium=banner_ad&utm_term=home, Nexo.io and Market Intel by Chainalysis.

Today’s Stories:

Bitcoin Approaching Resistance Near $52K; Support Between $48K-$50K

Market Wrap: Bitcoin at $51K as the Bulls Return

Bitcoin Futures Premium on CME Surges as ETF Speculation Grips Market

Stock Futures Point to Fresh Selloff on Wall Street

The Stock Market Hasn’t Been This Frenetic Since Early in the Pandemic

U.S. factory orders gain steam as manufacturing keeps humming

U.S. services activity forges ahead; trade deficit races to record high

Builders Hunt for Alternatives to Materials in Short Supply

A16z, Coinbase Crown India’s Second Crypto Unicorn in $260M Funding Round for CoinSwitch Kuber

Binance Registers 3 More Firms in Ireland as Crypto Regulation Heats Up

Brazilian Congress to Consider Bill Regulating Crypto Exchanges

SEC Subpoenas USDC Stablecoin Backer Circle — CoinDesk

SEC Chair Gensler: A Ban on Crypto Would Be ‘Up to Congress’

BIS Outlines How Stablecoins Could Comply With International Money Standards

A16z Proposes Decentralization-Friendly Oversight Regime for US Government

Sorare Signs Second Major Soccer NFT Partnership With Bundesliga

AMC Theatres to Accept Crypto in Payment for Gift Cards

Featured Story: It’s a Multi-Chain World, Bitcoin Just Dominates It

This episode was edited & produced by Adrian Blust.

HOSTS

Adrian Blust

Associate Producer for CoinDesk, Adrian 'Doc' Blust, is an experienced Composer, Musician/DJ, fintech nerd, and Educator, with practice both in the field and in the studio. He currently is dedicated to the editing & production of the Markets Daily Crypto News Roundups with Adam B. Levine, focused on quick news feeds to help people get up to speed with the fast pace of crypto every morning. He also offers support in the production of other shows on CoinDesk’s diverse Podcast Network.

He holds BTC, ETH, and ADA above CoinDesk's disclosure threshold of $1,000.

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.