Bitcoin News Roundup for July 31, 2020
With the dollar dropping to its lowest level since May 2018 and a reshuffle in Japan's central bank, CoinDesk's Markets Daily is back.

With the dollar dropping to its lowest level since May 2018 and a reshuffle in Japan's central bank, CoinDesk's Markets Daily is back.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
Bitcoin on Track for Highest July Price Gain in 8 Years
Bitcoin appears on track to register its best July price performance for eight years and confirm a major bullish breakout in the process.
Dollar Falls to Lowest Level in Over 2 Years While Gold, Silver, Bitcoin Continue to Shine
The dollar index dropped to its lowest level since May 2018.
Bank of Japan Puts Top Economist in Charge of Digital Yen Initiative
The central bank's most senior economist now runs the department responsible for the digital currency task force and working group with other central banks.
Bank of England Building Payments Network to Support a Potential Digital Pound
CoinDesk has learned the Bank of England's new settlement system is being built so it can be compatible with a digital currency.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Protocol Research: GoPlus Security

What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Farcaster Switches to Wallet-First Strategy to Grow Its Social App

The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.










