1. Bitcoin is recovering from Tuesday’s drop while there is a decrease in large-balance Ethereum addresses. Bitcoin (BTC) trading around $10,651 as of 20:00 UTC (4 p.m. ET). Gaining 0.66% over the previous 24 hours, which trading range was between $10,524 and $10,683.
2. According to The Block statistics, in the third quarter of 2020, a total of 212 venture capital transactions were conducted in the vertical field of cryptocurrency and blockchain, and USD 897.7 million of investment was obtained. Among them, early and seed stage transactions are the most common Transaction types account for more than half of the total transactions. In addition, in the third quarter of all venture capital transactions, DeFi-related transactions accounted for nearly 20%, a total of 42 transactions.
3. According to data from DeBank, the total lock-up volume (TVL) of the non-custodial portfolio management service Balancer dropped by 40.64% compared to yesterday, and is currently US$312.6 million, ranking 10th. According to DeBank’s preliminary analysis, the total lock-up volume of Balancer has been reduced by approximately US$200 million compared to October 5, including WETH lock-up volume has been reduced by approximately US$47 million, USDC has been reduced by approximately US$22 million, WBTC has been reduced by approximately US$23 million, renBTC It has been reduced by approximately USD 23 million and YFI has been reduced by approximately USD 11 million.
4. According to the ChainNews, the cryptocurrency trading platform BitMax announced that it will exclusively launch the Layer 2 DeFi lending protocol EasyFi token EASY at 22:00 (Beijing time) on October 8th, and open EASY/USDT, deposit and withdrawal are open . BitMax and EasyFi have reached a strategic cooperation and will carry out in-depth collaboration in the field of Layer 2 lending. In the future, BitMax will use its DeFi mining product form to bring more users and assets to EasyFi Networks, provide systematic support for ordinary retail investors to participate in DeFi mining, and help EasyFi Networks manage the further decentralized distribution of tokens. EasyFi is a Layer2 DeFi lending protocol based on the Matic Network. It aims to solve some inherent challenges faced by the first-generation DeFi solutions in areas such as transaction speed and cost, and lay the foundation for small and micro lending. At the same time, EasyFi Networks has added non-excess pledged loans, credit default swaps and other products on top of the first-generation DeFi lending form.
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