DeFi Daily News,January 21st, 2020

ONEROOT
2 min readJan 21, 2021

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1. Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439. Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours, which trading range was between $33,430-$36,794.

2. According to the ChainNews, Staking service provider Stake Capital officially launched Stake DAO, a multi-service DeFi platform built by the community, which provides entry services for pledge and liquidity on multiple DeFi protocols, as well as asset exchange, asset delivery, and legal currency (EUR, GBP or USD). The service of purchasing cryptocurrency. In addition, in addition to supporting Ethereum, Stake DAO also supports blockchains such as Polkadot, Solana and Near. In the future, it will also provide functions such as liquid staking and cross-chain bridges. Starting from 22:37:13 GMT on January 20, 2021, users can apply for SDT airdrops. After 48 hours, the claimable amount will start to decrease by 10% every day for 10 consecutive days.

3. According to BlockBeats news and the Block data, the current Bitcoin miners’ income in January has exceeded the total income in December last year, setting a record since January 2018. As of January 20, Bitcoin miners had a monthly income of $727.1 million. In contrast, Bitcoin miners had approximately $692 million in revenue in December last year. At the time of income growth, mining machines are facing a shortage of demand, which has further promoted the recovery of demand for old mining machines.

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