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Bitcoin News Roundup for Sept. 14, 2020

As some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:55 a.m. Published Sep 14, 2020, 4:05 p.m.
Markets Daily Front Page Adam Lyllah

As some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today’s stories:

Against the Odds, Some Bitcoin Traders Are Betting on a $36K Price by Year's End

The Deribit exchange has seen a spike in investors buying the $36,000 December call option despite the market placing low odds on a new record high this year.

DeFi Lender bZx Loses $8M in Third Attack This Year

An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.

Iran May Fund Car Imports with Cryptocurrency Mining

An Iranian free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports.

SEC Charges Rapper TI With Securites Violations for ICO

The SEC alleged film producer Ryan Felton misappropriated funds from two separate initial coin offerings, and charged rapper TI with boosting one of them.

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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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LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders

(Midjourney/CoinDesk)

The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.

O que saber:

  • Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
  • The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
  • The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.