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Bitcoin News Roundup for Oct. 5, 2020

With interest in bitcoin futures falling to their lowest level since May, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 10:04 a.m. Published Oct 5, 2020, 4:00 p.m.
Markets Daily Front Page Adam Lyllah

With interest in bitcoin futures falling to their lowest level since May, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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This episode is sponsored by Crypto.comNexo.io and Elliptic

Today's Stories:

Open Interest in CME Bitcoin Futures Slides as Market Sapped by Surging DeFi

Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant's Denis Vinokourov.

Bitcoin Miners Saw 11% Revenue Drop in September

Miners generated an estimated $328 million in September.

SEC Is Willing to 'Try' a Tokenized ETF, Chairman Says: Report

SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund.

Pro-Crypto PAC Giving $50 in Bitcoin to the Campaign of Each Member of Congress

In a bid to raise awareness, the Chamber of Digital Commerce’s PAC is contributing $50 in bitcoin to the campaign of incumbent members of Congress in both legislative houses.

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Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out

(Christian Dubovan/Unsplash, modified by CoinDesk)

ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.

What to know:

  • A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
  • The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
  • The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.