Bitcoin News Roundup for Sept. 16, 2020
With bitcoin fighting for $11K and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

With bitcoin fighting for $11K and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's stories:
All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K
With the Federal Reserve's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.
Bahamas to Roll Out 'Sand Dollar' Digital Currency Next Month
The Bahamas' "Sand Dollar" will likely be the world's first live central bank digital currency (CBDC) when it launches in October.
Bitcoin CEO: MicroStrategy's Michael Saylor Explains His $425M Bet on BTC
How the business analytics chief became Wall Street's boldest bitcoin maximalist.
US State Bank Regulators Agree to Single Set of Rules for Fintech, Crypto Firm Licensing
Agencies from 48 states are expected to unveil a framework Wednesday that will simplify and consolidate regulation for crypto companies.
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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State of the Blockchain 2025

L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
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South Korean retail keeps buying ether hoarder BitMine despite 80% drop: Report

The company's pivot to building an ether treasury sparked a 3,000% rally, attracting attention from high-risk investors.
What to know:
- South Korean retail traders continue to invest heavily in BitMine Immersion Technologies despite an 80% stock decline from its July peak.
- BitMine ranks as the second most popular overseas equity among South Koreans, with a net $1.4 billion invested this year.
- The company's pivot to building an ether treasury sparked a 3,000% rally, attracting attention from high-risk investors.











