$7B stolen in crypto scams in 2021, RadioShack DeFi

The top cryptocurrencies by market value remain in the red this week.

Bitcoin is currently trading at around $46,766, according to Coin Metrics, and ether is trading at around $3,880. Both are down around 6% in the last seven days.

But a few cryptocurrencies in the top 10 managed to withstand the downturn. Terra’s LUNA is up over 29% in the last week and is now trading at $80, according to Coin Gecko. Avalanche’s AVAX is also up 29% in that time frame and is currently trading at $113.

Along with price movement, here are five important things that happened in the crypto space last week.

1. Elon Musk said that Tesla will accept dogecoin as payment for merch

2. Cryptocurrency prices listed on Coinbase and CoinMarketCap briefly glitch

3. Senate Banking Committee members mention concern over stablecoins and DeFi

4. $7.7 billion was stolen in crypto scams in 2021, report says

5. RadioShack turns to DeFi

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