Your weekly dose of Crypto, Sept 12 - Sept 18

1. The total market cap stood at $2.2 trillion and is up by over 2.5% in the last 7 days. Bitcoin dominance is at around 40%, whereas Ethereum dominance is at 18%.
   
2. BTC is up by over 4.7% and ETH is up by over 2.1%, in the last 7 days, as the market slightly recoups from the flash crash of Sept 7.
   
3. Among the altcoins, Cosmos hit a new ATH of $41.28 and AVAX hit a new ATH of $75.04. Whereas LUNA, ADA and SOL are down by double digits in the last 7 days.
   
4. Decentralized music streaming service Audius has raised $5 million in a new round of funding. Katy Perry, Nas, Jason Derulo are some of the prominent artists to invest in this round link.
   
5. OpenSea has admitted that one of its employees profited from insider info, by purchasing items that were set to display on its front page before they appeared there publicly link.
   
6. Asset Manager Franklin Templeton has filed for $20 million blockchain venture fund with SEC, it already has raised $10 million. The fund will be used to invest in crypto and blockchain startups link.
   
7. Solana network was down for over 18 hours. Anatoly Yakovenko attributed this to an overwhelming number of transactions from bots on DeFi protocol Raydium. This halted Solana’s recent upward momentum link.
   
8. El Salvador exempts foreign investors from paying tax on Bitcoin gains, to encourage foreign investment in the country link.
   
9. The Drone Racing League has inked a five-year deal with Algorand. The blockchain network shall be used for various initiatives such as ticketing, NFTs, token-based league governance link.
   
10. Crypto.com has signed a five-year deal with esports team Fnatic, worth more than $15 million in total. The exchange is also already partnered with UFC, F1 team Aston Martin Cognizant, Paris Saint-Germain F.C., to name a few link.
    
11. The Hedera governing council to allocate $5 billion in HBAR to independent foundation and ecosystem development initiatives link.
    

Edit: Added 11th item