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Bitcoin News Roundup for Oct. 6, 2020
As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 10:05 a.m. Published Oct 6, 2020, 4:00 p.m.
As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, 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:
Bitcoin's Options Market Retains Long-Term Bull Bias Despite Sluggish Price
Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side.
Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks
Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds.
John McAfee Arrested in Spain on US Criminal Charges
John McAfee allegedly received $11.6 million in bitcoin and ether for pumping ICOs in 2017 and 2018.
Guggenheim-Collected Artist to Release Digital Artwork on Blockchain Marketplace
A prominent Taiwanese-American multimedia artist considered a pioneer of internet-based art is releasing her work on blockchain-based platform MakersPlace.
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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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Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback
The crypto market slipped to the lower end of its range after the Federal Reserve’s 25bps rate cut failed to spark fresh momentum.
What to know:
- BTC is trading near $90,350 after defending the $88,200 support zone, but momentum remains capped below the key $94,500 resistance level.
- Implied volatility fell to its lowest since November, ETH/BTC IV spreads widened, and risk reversals stayed negative across tenors while open interest declined—most sharply in ADA.
- Low-liquidity conditions dragged tokens like ETHFI, FET, ADA and PUMP down more than 8%, while privacy-focused XMR stood out with gains as the broader altcoin season index slumped to 19/100.
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