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Bitcoin News Roundup for Sept. 1, 2020

With ether reaching a two-year high and a breakdown on weird DeFi, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:50 a.m. Published Sep 1, 2020, 4:00 p.m.
Markets Daily Front Page Adam Lyllah

With ether reaching a two-year high and a breakdown on weird DeFi, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's Stories:

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Ether Price Hits 2-Year High

The two-year high was reached alongside a drop in the number of coins held in exchange addresses.

US Regulator to Shake Up Banking With Federal Charters for Payment Firms

Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines.

Yearn, YAM and the Rise of Crypto's 'Weird DeFi' Moment

What do these various memecoins do? Here's the rough TL;DR of the latest tokens to top the DeFi charts.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying

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Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.

What to know:

  • Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
  • The rally coincided with significant spot BTC price premium on Coinbase.
  • Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.