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Bitcoin News Roundup for Oct. 1, 2020

With BTC looking for a breakout and more casualties in the aftermath of 2017s ICO boom, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 10:03 a.m. Published Oct 1, 2020, 4:00 p.m. 1 min read
Markets Daily Front Page Adam Lyllah

With BTC looking for a breakout and more casualties in the aftermath of 2017s ICO boom, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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

Today's stories:

Bitcoin Posts Biggest Monthly Price Loss Since March

Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months.

Diginex Stock Goes Live on Nasdaq Following $50M in SPAC and Private Funding

Diginex has become the first crypto exchange operator to be traded on Nasdaq, listing under the EQOS ticker symbol.

Judge Rules Kik's Token Sale Violated US Securities Law

A federal judge has ruled Kik's 2017, $100 million token sale violated U.S. securities law, and wants to see a proposal for refunds.

SEC Orders Salt Lending to Offer Refunds to Investors in Its $47M ICO

The U.S. Securities and Exchange Commission has confirmed it is taking action against SALT Lending after ruling the company's $47 million initial coin offering was an illegal securities issuance.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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Hyperliquid SpaceX flash crash (Hyperliquid)

A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.

Что нужно знать:

  • A violent 45% flash crash wiped out hundreds of retail traders when a SpaceX-linked crypto contract plummeted in just 30 minutes, wiping out $1.51 million in value and catching small-time investors completely off guard.
  • The market was too thin to handle one massive trade because the token lacked deep financial...