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Bitcoin News Roundup for Oct. 7, 2020
With BTC steady and central bank digital currencies getting closer, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Oleh Lyllah Ledesma
With BTC steady and central bank digital currencies getting closer, 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.
Today's stories:
Analysts Can't Agree on What Prompted Big Spike in New Bitcoin Addresses
New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree.
China Central Bank Official Reveals Results of First Digital Yuan Pilots
An official for China’s central bank unveiled usage statistics of state-backed digital currency trials held in three Chinese cities.
Inside the Estonian CBDC Experiment That Could Shape the Digital Euro
How the firm helping lead Estonia's central bank digital currency research is approaching a mass-market crypto coin.
Oman Central Bank Warns on Crypto 'Risk,' Singles Out Dagcoin
The central bank warned citizens and residents they use cryptocurrencies at their own risk.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Yang perlu diketahui:
- 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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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Yang perlu diketahui:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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