Market Value of Stabilcoins Exceeds $ 20 Billion

Stablecoins have an important place in the crypto ecosystem. According to CoinMetrics data, the total value of stablecoins has exceeded $ 20 billion. Tether takes its place as the leading stablecoin with a value of over $ 15 billion among the stablecoins, which has grown by 300% in market cap since the beginning of the year.

In BTC Options Open Position Record Was Broken

On Friday, September 25 was the last day of Bitcoin and Ethereum options and futures contracts. Despite the expiry date, the number of open positions in options broke a record by reaching $ 2.14 billion. The previous record was seen on July 30, 2020, with $ 2.11 billion.

Foundation Established To Improve Ripple Infrastructure

A ripple-supported, non-profit organization was established to accelerate and improve the development of XRP. The organization, called the XRP Ledger Foundation, has raised a total of $ 6.5 million in donations from Ripple, Coil, and Gatehub.

Cryptocurrency Question From IRS

The U.S. Internal Revenue Service (IRS) has added a cryptocurrency question to its annual personal income tax form. The 2019 form also contained a question about the use of cryptocurrencies, but it was not mandatory to answer it. This year, citizens are required to answer the question, which signals that the United States will accelerate its efforts to tax cryptocurrency revenues.

Ethereum 2.0 Approaching

.The final preparations for Ethereum 2.0 launch will soon be underway. Lead developer at Prysmatic Labs Raul Jordan, who has been building Ethereum 2.0 software for over two years, explained his team would be wrapping up all feature development by October 15. 

XRP Discussed at the World Economic Forum

After Ripple's CEO stated that XRP could act as a bridge between CBDCs, the World Economic Forum report stated that XRP is the most suitable digital currency for interbank transactions.

Only 2.5 Millon BTC Left Unmined

Bitcoin is an asset whose supply is limited to 21 million. Currently, 18.5 million BTC has been mined, and only 2.5 million BTC remain. Thus, 88% of the supply is completed.

New Record From Bitcoin, Over $ 10,000 For 63 Days

For the first time in Bitcoin history, a new record is broken with BTC prices maintain over $ 10,000 for 63 consecutive days.

USA Preparing for New Stimulus Package

President of the US House of Representatives Nancy Pelosi said that the new stimulus package, which will reach $ 2.4 trillion, will be distributed to US citizens as it was the previous time.

DeFi is Growing Fast

According to DeFi Pulse, the decentralized finance sector is growing rapidly. While the total amount locked in DeFi was $ 852 million in January, this figure has now reached $ 11 billion.

Final Test Network for ETH 2.0 Released
ETH 2.0 developer Danny Ryan stated that the final testnet was released before the update was launched and it's called Spadina, will be tested for risky actions such as depositing money and creating the genesis block. The developer said that if everything goes smoothly, it will move to the ETH 2.0 mainnet by the end of the year.

Acquisition Statement From Ripple CEO
Ripple CEO stated that they have turned the COVID-19 outbreak into an opportunity for Ripple and will evaluate the funds they have recently raised with acquisitions and expansion projects.

Crypto Law Bill From Usa - Cyrptocurrency Analysis

Two bills submitted by US House of Representatives member Darren Soto have parliamentary approval. It is stated that these two laws, namely the Digital Taxonomy Law and Blockchain Innovation Law, are in preparation for a more comprehensive law.

DeFi Credit Card from Visa

The project Swipe, which provides the cryptocurrency payment card service, collaborated with Visa and the DeFi-based credit card can now be used. The card named LendFi Visa Card will use the infrastructure of major DeFi protocols such as Compound and will be supported by LendFi application. LendFi, which will be used as a virtual card first, will then be available for physical use and will provide a 4% refund for all purchases.

Spadina Failed ETH 2.0 Final Testnet

Ethereum 2.0 developers Pyrsmatic Labs announced that the Spadina test failed for risky actions such as depositing and creating the genesis block. He stated that a new testnet called Zinken will be created and the trials will be restarted towards the end of next week.

Remarkable Change in BTC Reserves of Exchanges

According to CryptoQuant data, exchanges' BTC reserves are decreasing. While there are 2.4 million BTC worth a total of $ 25 billion on stock exchanges, there were 2.8 million BTC worth $ 30 billion in October 2019. The reduction in reserves may indicate that individual investors and whales are in a cluster.

Cryptocurrency Agenda in the New Economy Program

Digital assets were also mentioned in the New Economy Program announced by the Minister of Treasury and Finance. Albayrak stated that they foresee the taxation of digital assets and that they will speed up their work.

Chainlink Opens Its Network to DeFi

Off shift, the DeFi protocol that provides cryptography-based cross-border storage services, announced that they have made an agreement with Chainlink. According to the agreement, Chainlink will open its infrastructure to Offshift and provide on-chain price flows to the Offshift testnet.