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Bitcoin News Roundup for Sept. 8, 2020
With investors buying the bitcoin dip and staying bullish on options, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:53 a.m. Published Sep 8, 2020, 4:10 p.m.
With investors buying the bitcoin dip and staying bullish on options, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
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Today's stories:
Investors Buying Bitcoin Amid Price Slump to Near $10K, Data Shows
Despite bitcoin shedding over $2,000 in the last few weeks, the "buy the dip" mentality in the market still appears strong.
Bitcoin Options Suggest Investors Hedging but Still Long-Term Bullish
Bitcoin's options market retains long-term bullish bias despite the recent price pullback, data shows.
What Happened to DeFi Project SushiSwap Over the Weekend
SushiSwap experienced a tumultuous weekend after its founder sold $13 million worth of his stake in the project before turning the reins over to investor and FTX CEO Sam Bankman-Fried.
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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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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
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