Hi, there: Welcome to an update of the most important moves and news in cryptocurrencies and what’s on the near-term horizon in digital assets. I’m Frances Yue, crypto reporter at MarketWatch, and for the next three weeks, from Oct. 10-24, we’ll be publishing Need to Know Crypto Edition as a prelude to a new weekly crypto newsletter “Distributed Ledger,” which will kick off in November.

Click on this link to subscribe to Distributed Ledger, but until then: enjoy Need to Know Crypto Edition.

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Crypto in a snap

Bitcoin BTCUSD, +1.01% saw a momentous rise last week, up 12.7% from the previous week as of Friday, FactSet data shows. By Wednesday, the cryptocurrency recorded a seven-day gain of 33.5%, its best seven-day performance since February this year, according to our research team at Dow Jones Market Data.

Ethereum ETHUSD, Source…