With bitcoin dropping overnight as DeFi booms, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories: Bitcoin Price Drops 4% After Latest Rejection at $12K ResistanceBitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level. Bitcoin Miners Saw 23% Revenue Increase in AugustMiners generated an estimated $368 million in August.DeFi Flippening Comes to Exchanges as Uniswap Topples Coinbase in Trading Volume Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.Police Reportedly Raid Headquarters of Bithumb, South Korea's Largest Exchange Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.