Daily Crypto NewsEDITION #46, 08 October 2020

ETH updates highs

Hey #Moni Maker 👍

Today in 1896, the Dow Jones index was first launched. Dow became the primary U.S. stock exchange indicator. And although it has grown more than 1000-fold in about a hundred years, an old-school cypherpunk won't be amazed by such a childish price rise. We are certainly here for the technology, but who's met a bitcoiner complaining about a 12 million percent rise? In general, the point is that this is just the beginning, and all you have to do is keep an eye out.

So it's time to check out the digest!

The computational power of the Ethereum network (hashrate) has exceeded its historical maximum, having passed the 250 TH/s mark.

The growth of the hashrate occurs in parallel with the stable growth of network activity - since the beginning of 2020, the volume of transactions in the Ethereum blockchain has increased by more than 10-fold. And in Bitcoin, this figure has increased by 44% over the same period. This is due to the popularity of decentralized finance (DeFi). At the same time, the ETH price is still 76% lower than its January 2018 record highs.

So what?

ETH is among the stars. Even Bitcoin, being on everyones' lips and capturing the newspapers' titles, is getting a bit overshadowed by the fame of Ethereum.

We are waiting for the tales from friends like "I wanted to buy ETH, but 'this and that' went wrong ...".

Futures and swaps currently account for the lion's share of the market for crypto derivatives.

We are watching BitMex lose ground, while Binance Futures, on the contrary, is taking the lead.

According to Cryptorank, the situation has changed since January 30:

BTC Futures

– The share of BitMex by daily volume decreased by 64%;– For Binance Futures, it increased by 75%.Open interest on BTC Futures– For BitMex reduced by 50.5%;– The share of Binance Futures increased by 187.4%.

So what?

Sign up using our link to get 20% off on commissions.

P.S. While we were typing this text, BitMex changed its head management. Hm…

The MetaMask wallet team will launch an interface that combines several decentralized exchanges and aggregators to exchange tokens directly through the wallet.

MetaMask integration with DEX and aggregators such as 1inch, Airswap, Kyber, 0x API, Uniswap, dex ag, and Paraswap will give users access to all the liquidity of decentralized finance (DeFi) in one place.

Also, yesterday, the team said that the MetaMask wallet had passed the mark of 1 million active users per month.

So what?

MetaMask has all chances to take most of the exchange market.

The project is extremely ambitious, targeting the ranks of giants. Explore it now, if you haven't yet.