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Bitcoin News Roundup for Sept. 18, 2020
As bitcoin battles to establish a foothold above $11K and with DeFi surging on Ethereum, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:57 a.m. Published Sep 18, 2020, 4:00 p.m.
As bitcoin battles to establish a foothold above $11K and with DeFi surging on Ethereum, 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:
Bitcoin Rises Back to $11K Despite Signs of Indecision in the Market
Bitcoin is again looking to establish a foothold above $11,000 on Friday, although the technical charts are anything but stridently bullish.
Bitcoin Supply on Ethereum Tops $1B
More than 92,000 bitcoins have been tokenized on Ethereum.
Uniswap Launches Governance Token to Keep Up With Rival
Decentralized trading platform Uniswap has launched a governance token, UNI, minting 1 billion coins to be released to the public over the next four years.
Uniswap Recaptures DeFi Buzz With UNI Token's Airdropped Debut
A minimum of 400 UNI was airdropped to everyone who used Uniswap prior to September. Some called it “stimulus for Ethereum users.”
Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring
Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day.
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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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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
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