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Bitcoin News Roundup for Sept. 24, 2020
With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 10:00 a.m. Published Sep 24, 2020, 4:00 p.m.
With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
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Today's Stories:
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Strengthening US Dollar Could Bring Further Downside for Bitcoin
With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside.
MakerDAO Users Hosed by March Flash Crash Won't Get MKR Payouts, Say MKR Whales
After initially voting to do so, the Maker community will not compensate investors who lost big on the lending platform during "Black Thursday's" price rout.
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More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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