​​Here's our digest with the hottest news:

Capitalization: $336 billion
Trading Volume (24h): $100 billion
BTC Dominance: 58.6%
BTC: $10,680 (+3.84%)


🔹Bloomberg analyst Mike McGlown believes that Bitcoin is still undervalued and should reach $15,000. He made this conclusion based on the recent Bitcoin hashrate ATH and the number of active Bitcoin addresses.

🔹With $6 billion blocked in DeFi, the entire DeFi market is still smaller than the XRP capitalization. DeFi's share in the entire cryptocurrency market, excluding Bitcoin, is 4%.

🔹Since 2009, 436 Bitcoin-based altcoins have been created, and none of them managed to achieve Bitcoin's market cap. Half of this list is the abandoned projects now.

🔹The Gemini American Cryptocurrency exchange founded by the Winklevoss brothers, started providing services in the UK.

🔹According to the Evertas study, 90% of institutional investors from the USA and Great Britain plan to increase their investments in cryptocurrencies in the next five years.

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​​3Commas practical guides: how to always profit from long and short positions

In this article “3Commas practical guides,” we will talk about how you can profit from trading long and short positions using 3Commas.io platform, regardless of the direction in which the price moves.

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There are some technical issues with the Binance.
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​​Blockchain technology alternatives

In one form or another, each blockchain is a distributed ledger, but not every distributed ledger is a blockchain. Bitcoin, as a sequential chain of blocks, has appeared as a new kind of distributed ledger technology (DLT) – information storage systems. This means that a blockchain is not the only solution for secure data storage.

In today’s article, we will talk about alternative systems, allowing information storage, their advantages, and disadvantages, as well as determine where it is better to use blockchain and where alternatives may offer a better solution.

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​​Here's our digest with the hottest news:

Capitalization: $345 billion
Trading Volume (24h): $98 billion
BTC Dominance: 57.6%
BTC: $10,722 (+0.21%)


🔹 Ethereum developers launched a Spadina testnet, adherent to the Ethereum 2.0 “zero phase” release. The network will run for three days and will be a general rehearsal before the launch of ETH 2.0.

🔹 The Binance Exchange announced both a Launchpad token sale and Launchpool farming for Alpha Finance Lab (ALPHA).

🔹 Grayscale Investments' assets grew by 17,000 BTC last week. The size of GBTC Bitcoin trust approached 450,000 BTC or $4.7 billion.

🔹 The Eminence DeFi protocol was hacked for $15 million. The project's founder, André Kronier, who also founded the YFI protocol, received $8 million to his wallet, which he promised to refund to the victims.

🔹 Decentralized storage Filecoin, the competitor of Amazon Web Service and Cloudflare announced the launch date of their mainnet. The due date is on October 15, and the network will be launched on block 148 888.

🔹 The Block analyst Larry Cermack believes that the hackers stole almost $280 million from the Kucoin exchange, not the initial $150 million. This makes the KuCoin hack the third-largest crypto hack in history.

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​​The “virtual worlds” war: a look at the Metaverse economy

Metaverse or so-called “virtual worlds” are one of the most ambitious categories in the crypto-ecosystem, as they combine two emerging technologies – virtual reality and cryptography. The three largest Metaverse games in terms of trading volume – and most other indicators – are Decentraland, Somnium Space, and Cryptovoxels. While this is not the most important indicator, the trading volume highlights these games’ speculative nature, while the games are still in the early stages of building their virtual communities and economy. If virtual worlds follow the “winner gets the most” principle of value calculation, then the leading platform’s digital land can be valuable in the future.

So, is there enough virtual space for several such platforms to coexist?

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​​Here's our digest with the hottest news:

Capitalization: $336 billion
Trading Volume (24h): $103 billion
BTC Dominance: 57.8%
BTC: $10,515 (-3.06%)

🔹Since the beginning of the year, users have withdrawn more than 400,000 BTC from crypto exchanges. According to data from CryptoQuant, all exchanges' reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in October 2019, exchanges had around 2.8 million BTC, currently worth $30 billion.

🔹Swipe project launches a Visa DeFi lending card. Dubbed the "LendFi Visa Card," the new product deploys major decentralized finance protocols to provide "near-instant access to lending balances."

🔹Analyst Willie Woo believes that we are now seeing a big surge in new Bitcoin users, which is not yet reflected in the price, and this is not often the case. Such a situation can have an extremely positive impact on the price of BTC.

🔹Ethereum 2.0 developers will launch another test network, “Zinken”. The release of the testnet is scheduled for October 5, and according to the developers, it will be the "final touch" before the full launch of Ethereum 2.0.

🔹Stablecoin market capitalization has exceeded $20 billion. YTD growth has reached 300%.

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⚠️ Dear traders!
Breaking News: Coinbase has halted trading due to issues with it's order processing engine.

If you trade on Coinbase Pro, please check your trading history
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https://status.pro.coinbase.com

​​Bitcoin-pegged tokens

The large-scale development of the cryptocurrency industry allowed the use of Bitcoin outside of its own blockchain. At the moment of writing, the volume of blocked Bitcoins in the Lightning network is 1100 coins, and 2600 coins are locked in the Liquid Network. With the growing popularity of decentralized finance, the demand for Bitcoins on other platforms also increased.

In today’s article, we will talk about Bitcoin-backed tokens, their interaction with DeFi infrastructure, design, and future prospects.

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​​Here's our digest with the hottest news:

Capitalization: $335 billion
Trading Volume (24h): $104 billion
BTC Dominance: 58.6%
BTC: $10,628 (-1.2%)

🔹The creator of McAfee antivirus and crypto enthusiast, John Macafee, was arrested in Spain. He faces extradition to the United States and a fraud and tax evasion trial.

🔹Google Cloud has announced its intention to become a candidate for the EOS block producer.

🔹The UK Financial Conduct Authority (FCA) bans the sale of crypto-derivatives to retail consumers. The ban comes into force on January 6, 2021.

🔹The number of active MetaMask users has exceeded 1 million against the background of the DeFi sector's popularity. The most active users of the application are the USA, India, Nigeria, and Philippines residents.

🔹On October 5, ZilSwap platform, which allows exchanging tokens and creating own pools in Zilliqa blockchain, was launched.

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​​Big Announcement!🎉

3Commas Academy launches two new courses for advanced traders in partnership with The Better Traders: "The Smarter Trader" and "Mastering Passive Income".

📣The Smarter Trader

This course takes a deeper dive into all features and aspects of the 3Commas Smart Trade terminal, showing how to use it for active trading in both bull and bear markets. This course also covers leveraged trading principles and comes with one-on-one coaching, free access to a private Discord server, free signals for trading opportunities, and so much more.

📣Mastering Passive Income

This course focuses on 3Commas’ powerful DCA bots and how to master them to generate passive profits in any market. Moonin Papa breaks down every element of DCA bots and how to profit with them while you sleep, work your day job, or travel. He also shares his exclusive “Golden Ratio” technique, which is used in his Top 10 marketplace signals, one of the most popular paid signals on the 3Commas Marketplace. This course also comes with one-on-one coaching, free access to a private Discord server, the TBO Switch hands-free bot strategy, and so much more.

Visit 3Commas Academy

​​Smart stablecoins and their evolving stack

The compound nature of Ethereum generates a multi-level structure of primitives and DeFi assets. One clear but usually underestimated example of this are smart stablecoins. Despite the fact that Yield Farming is a growing trend at the moment, by digging a little deeper, we can see the extended consequences of using native stablecoins in various smart contracts.

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​​Here's our digest with the hottest news:

Capitalization: $335 billion
Trading Volume (24h): $121 billion
BTC Dominance: 58.7%
BTC: $10,864 (+2.2%)


🔹After the Bitmex exchange conflict with the US Department of Justice and the CFTC, serious changes in the management of the crypto exchange took place. Arthur Hayes (CEO), Samuel Reed (CTO) and Ben Delo (Co-founder), will no longer hold executive positions in the 100x Group, the parent company of BitMEX.

🔹Given BitMEX's problems with the U.S. regulatory environment, Chainalysis has informed its clients that BitMEX is a "high risk" exchange.

🔹Square Payment Company, owned by Jack Dorsey, acquired 4,709 BTC ($50 million) as part of its investment strategy. Management considers cryptocurrencies to be an "instrument of economic development".

🔹According to Glassnode, Bitcoin hashrate reached a new absolute maximum of 170 EH/s. Since halving, the network computing capacity has increased by 40%.

🔹There was a sharp increase in Bitcoin Options volume at the Chicago Mercantile Exchange (CME). The figures grew by 300% from the beginning of the week to $12 million.

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​​Knowledge DeFi’cit: here we go again

The DeFi hype that started last year seems to be coming to an end, but we still get a lot of questions from our users about what it is and how it works. That’s why we decided to take a step by step approach to finding out what DeFi is and answer all the questions in simple terms. For this purpose, we are launching a new series of short educational articles about DeFi – “Knowledge DeFi’cit.”

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​​The Binance Futures tournament is over!

The large-scale Binance Futures tournament has ended!
Now It's time to take stock.
According to the results of trading, the 3Commas team of traders achieved excellent results:

🔷 6th place in terms of trading performance
🔷 42nd place in the overall ranking among teams
🔷 10th place by the number of active participants in the team

We thank all the team members for participating in the tournament!

​​Robots, Artificial Intelligence and Blockchain

Today, distributed ledger technologies have penetrated deeply into many areas of our lives. Despite their young age, blockchains are already seen as an alternative to many older systems or processes, and the pace of transition to digital society is accelerating.

In today’s article, we will talk about the implementation of the blockchain in the sphere of robotics, the interaction of the blockchain with artificial intelligence, and discuss the role of distributed systems in robotization processes.

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​​Here's our digest with the hottest news:

Capitalization: $362 billion
Trading Volume (24h): $72 billion
BTC Dominance: 58.3%
BTC: $11,419 (-0.98%)

🔹Tether captures the cryptocurrency market; according to Larry Cermack, USDT trading market share grew from 5% to 70% in the past three years. Meanwhile, BTC's share fell by about 15%.

🔹A new ETH futures trading record was set this September; the volumes increased to $172 billion.

🔹According to bitcointreasuries.org, 15 publicly traded companies own a total of almost 600,000 BTC (2.85% of all bitcoins), which is approximately $6.9 billion at the current exchange rate.

🔹Goldman Sachs analysts stated the dollar could fall to a low of 2018 due to the growing likelihood of Joe Biden winning the U.S. election and current progress in developing a coronavirus vaccine. Will that lead to new bitcoin's ATH?

🔹A thousand bitcoins that have been assumed to be lost for over a decade have recently moved.

🔹Binance has announced the 16th project on Binance Launchpad - Injective Protocol (INJ).

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3Commas Announces New Collaboration With PlotX

PlotX is a non-custodial prediction market directly built on the Ethereum blockchain and lets users not only liquidity mine, but also be rewarded for predicting prices in diverse timeframes.