Crypto News Roundup for Oct. 1, 2021

With crypto markets rallying again at the start of the new month and a look at life and death in the world of social tokens, 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.

Bitcoin Rallies Above $47K, Resistance at $50K — CoinDesk

Bitcoin Climbs Above $47K Amid Stock Market Weakness, Eyes Fed’s Preferred Measure of Inflation

Stock Futures Slip, Pointing to Worst Week in Nearly a Year

From Chips to Ships, Shortages Are Making Inflation Stick

Car Companies Buckle Up for Extended Chip Shortage

Low Auto Inventory and Higher Prices are Wearing Down Frustrated Car Shoppers

Silicon’s 300% Surge Throws Another Price Shock at the World

Even the Dirtiest Coal Is Surging Due to China’s Power Crunch

Venezuela to Subtract Six Zeros From Currency, in its Second Overhaul in Three Years

El Salvador Has Mined its First Bitcoin With Volcanic Energy

San Jose, ‘Capital of Silicon Valley,’ Wants to Fund Internet for Low-Income Households With Crypto Tokens

MassMutual-Owned Fintech Flourish to Offer Bitcoin Investment Service to Advisors

Kraken Reveals Security Vulnerabilities in Bitcoin ATMs

Play-to-Earn Giant Axie Infinity’s Revenue Tanked 40% in September

Lil Nas X, Grimes Featured in TikTok NFT Collection

Featured Story: What Happens to a Social Token When Its Creator Dies?

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.