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Bitcoin News Roundup for Sept. 21, 2020

With bitcoin down amid broader market turmoil, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

更新 2021年9月14日 午前9:58 公開日 2020年9月21日 午後4:00 AIによる翻訳
Markets Daily Front Page Adam Lyllah

With bitcoin down amid broader market turmoil, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

STORY CONTINUES BELOW
次のストーリーを見逃さない.今日 Crypto Daybook Americas ニュースレターを購読. すべてのニュースレターを見る

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

Today's Stories:


Bitcoin Down as Stocks Fall Over European Coronavirus Fears

Bitcoin is dropping alongside stocks as soaring cases of COVID-19 threaten economic activity in Europe.

China Sees Advantages in Being First on New Digital Currency 'Battlefield'

The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)

Kraken Shows How Crypto Companies and Banks Are Evolving Together

Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around.

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

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Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

知っておくべきこと:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Binance to shift $1 billion user protection fund into bitcoin amid market rout

Binance

Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.

知っておくべきこと:

  • Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
  • The exchange has pledged to replenish the fund to $1 billion if bitcoin price swings cause its value to fall below $800 million.
  • Binance framed the change as part of its long-term industry-building efforts.