From Elon Musk’s thoughts on regulation to a $162 million DeFi bug: 6 key things that happened in crypto this past week

From Elon Musk’s thoughts on regulation to a $162 million DeFi bug: 6 key things that happened in crypto this past week

Many of the top cryptocurrencies by market value, like bitcoin and ether, are up over the last seven days. Bitcoin, up over 14.8% in the last week, is currently trading at around , as of 2:51 p.m. EST according to CoinMarketCap, and ether, up 14%, is trading at around . And it's been a busy week in the crypto space. Along with price movement, here are six key things that happened, from Elon Musk sharing his thoughts on regulation to a massive decentralized finance, or DeFi, bug. On Sept. 27, Coinbase  that its U.S. users will be able to directly into their accounts. Users can hold their money in dollars or immediately convert their paycheck into cryptocurrencies like bitcoin without fees, the cryptocurrency exchange said. "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 . "We're determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users." The launch will go live in the coming weeks. Though it didn't specify which, Coinbase said it will use an FDIC-insured bank partner for