Daily Crypto NewsEDITION #40, 01 October 2020

Who won the Debates?

Hey #Moni Maker 🙃

Today, in 1908, Henry Ford introduced a new model of his car Model T, which became the most popular car of the first quarter of the century due to its low price ($850), endurance, and efficiency. We doubt that 100+ years later, anyone can imagine a Ford, albeit of a budget one, for 850 bucks. Sounds like a strong argument against a $, doesn't it? And although we have to (for the time being) spend some dollars here and there, we still prefer to hold and, if possible, use crypto - bitcoin will eventually be able to buy a couple of Lambos, rather than a couple of windshield wipers for an old Ford. Okay, enough with the predictions, let's check out the latest crypto world events!

On Tuesday night, the first debate between U.S. presidential candidates Donald Trump and Joseph Biden took place in Cleveland. According to journalists, it was the dirtiest debate in U.S. history. Donald and Joe skipped the traditional handshake, insulted, interrupted, and shut each other up.

Polls show that Biden, who retained a decent advantage over Trump a month before the election, came out as a winner. Who wins the election on November 3 depends on how the stock market behaves, and as a result, and we will surely see this affect the crypto market as well.

The U.S. stock market closed at negative values, which can be regarded as investors' belief in Biden's victory in the first round of debates.

So what?

We are not going to review this event in detail. We are not CNBC.

Let's identify the winner: during the previous debate in 2016, the BTC was worth $617, and during this debate, it was worth $10700.Hm, 17X!

So, who won? :)

According to CryptoRank, the total market capitalization of all stablecoins exceeded $20 billion and is now at $20.2 billion. YTD growth is 300%.

So what?

Usually, crypto investors use stablecoins to minimize risks and fix profits. This recent growth in the popularity of stablecoins may be due to a large number of new investors coming to the market.

CEO of CryptoQuant, Ki Yang Ju, believes that signals for a rapid resumption of growth in BTC value have appeared. A similar situation was observed in the first half of 2017.

So what?

In our opinion, we shouldn't wait for 2017, but for 2020 or 2021 :) Want us to rephrase? 2017 was, of course, good, but it didn't end quite as well as we wanted it too.

Bitcoin is in active search for new beginnings, not the old boring rails. Let this train do its thing and don't worry, it will get right where it has to!

According to Bloxy and CryptoRank, volumes on major decentralized protocols have changed as follows:

Uniswap v2– $9.8B -> $15.8B or +61%Curve– $1.6B -> $4.1B or +156%Balancer– $1.42B -> $1.53B or +7.7%0x exchange v2– $0.34B -> $0.39B or +15%Kyber Network v4– $0.39B -> $0.34B or -13%

So what?

DeFi stops being an everyday hype machine, and that's a good sign.

Exchanges are gradually becoming a normal phenomenon in the eyes of the public; more and more investors and enthusiasts are entering the segment.

But we feel that DeFi hasn't played its main trump (not you, Donald) card yet, and while it's laying low and going through the cards... We are waiting!