The past week turned out to be positive for the crypto market, as Bitcoin continued its growth and consolidated above $24,000, and on the weekly timeframe MA200 (moving average) confirmed itself as a support level. Stock indices S&P 500 (SPX) and NASDAQ-100 (NDX) continued their upward trend.
Growth continues to show Ethereum, which is traded around $2000. Growing interest in merging and moving to the Proof-of-Stake (PoS) consensus algorithm, as well as the ETH PoW fork, continues to act as fuel for further growth. The successful transition of the Goerli testnet to PoS made it possible to reschedule the mainnet merger on September 15-16. Following Ethereum, ecosystem projects also pulled up: LINK, UNI, as well as Layer-2 solutions: MATIC, OP, etc. Other Layer-1 solutions also pulled up: AVAX, NEAR, SOL, FTM.
An important event of the week was the measures taken by the Office of Foreign Assets Control of the US Department of the Treasury (OFAC) regarding the Tornado Cash mixer and the wallets that interacted with it. The developers of the mixer are suspected of laundering over $7 billion. According to a number of media reports, the developer of the service, Alexei Pertsev, was arrested in Amsterdam.
As the head of the FTX exchange, Sam-Bankman-Fried, previously reported, a weak link among crypto exchanges, Huobi, was revealed. So, the co-founder of the company, Leon Li, announced negotiations on the sale of 58% of his shares. Stakeholders include Sam Bankman-Fried and Tron CEO Justin Sun.
The world's largest asset manager BlackRock has launched a bitcoin trust aimed at institutional investors.
Meanwhile, Uzbekistan has blocked the largest crypto exchanges in the country, due to the lack of a service provider license to operate in the country.