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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.
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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!
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This episode is sponsored by Crypto.com, Nexo.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.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
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