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Bitcoin News Roundup for Sept. 29, 2020
With bitcoin back in the driver's seat and the Filecoin launch fast approaching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 10:02 a.m. Published Sep 29, 2020, 4:00 p.m.
With bitcoin back in the driver's seat and the Filecoin launch fast approaching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
Traders Rotate to Bitcoin Expecting a Quiet Q4 for Altcoins
Some traders have been moving funds out of alternate cryptocurrencies into bitcoin (BTC) in anticipation it outperforming the entire crypto market for at least the next several months.
Spadina Gives Ethereum 2.0 Developers a Three-Day Testnet
Ethereum testnet Spadina gives developers one more crack at practicing with Eth 2.0’s deposit contract before the real deal arrives.
California Governor Signs Law Bringing State 'New Tools' to Regulate Crypto
The now-renamed California department responsible for the regulation of financial services will soon have more powers to supervise the cryptocurrency industry.
Filecoin Confirms Long-Awaited Mainnet Launch for Next Month
Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.
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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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Lighter trading platform sees $250 million withdrawn 24 hours after airdrop
Bubblemaps CEO says outflows seen on Lighter on Dec. 31 are not uncommon as users rebalance hedging positions and move on to the next farming opportunity.
Cosa sapere:
- Approximately $250 million was withdrawn from Lighter after its $675 million LIT token airdrop.
- The withdrawals represent about 20% of Lighter's total value locked, according to Bubblemaps CEO Nicolas Vaiman.
- Large withdrawals post-token generation events are common as early participants exit, says CertiK's Natalie Newson.
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