Welcome to the first issue of This Week In Crypto: a summary of the week’s events with cryptocurrency prices, events, and updates!

With all that said, let’s start:

The market traded mostly sideways this week

According to CoinGecko, Bitcoin and Ethereum traded at about 3.5% higher than the start of last week, with a ~7% pump on Tuesday, before correcting. At the time of writing (October 1st), the market was pretty stable, with a minor crash at around 1 am EST (5 am UTC). USD has also jumped by nearly 20% according to the U.S Dollar Index.

GBP also suffered an enormous crash of 8% in 3 days after the UK government cut tax rates. The pound has now recovered about 3-4%.

Solana faces 6th outage this year

The Solana chain had to undergo a network restart after the chain crashed due to a duplicate validator. When it was the faulty validators' turn to produce a block, they created one for each instance in the same slot. This led to some validators seeing one of the same blocks, and some the others, leading to the validators not being able to agree which one was correct.

Solana was down for a total of 6 hours and 19 minutes, restarting at 3 am EST (7 am UTC).

SEC ordered to hand over emails about Ethereum

A judge has ordered the U.S Securities and Exchange Commission to turn over emails about Ethereum’s regulation status. This comes after a 2018 quote from the former top SEC official, William Hinman, saying that Ethereum was not a security because it was ‘sufficiently decentralized'. However, Ethereum’s merge to Proof-of-Stake has some speculating whether or not it is a security, due to Ethereum’s new issuance mechanism to validators.

Do Kwon now wanted in 195 countries

Interpol approved South Korean prosecutors’ request to issue a ‘red notice’ against Do Kwon. He has been charged with violating capital markets rules in South Korea, and law enforcement agencies across the globe will now begin to cooperate and arrest the Terraform Labs founder.

He claims he is “not on the run” and “fully cooperating with government agencies”.

Well, that wraps up this issue of This Week In Crypto! The next issue will be posted on October 9th, so stay tuned!

Also, if you have any requests for which news I should summarize on these posts, be sure to send an article or story to the comments or my PMs.

See you next week!