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Bitcoin News Roundup for July 30, 2020
With the price of bitcoin hovering near recent highs and some wondering whether we're poised for a pullback, CoinDesk's Markets Daily is back for your latest news roundup.
Updated Sep 14, 2021, 9:38 a.m. Published Jul 30, 2020, 4:00 p.m.
With the price of bitcoin hovering near recent highs and some wondering whether we're poised for a pullback, CoinDesk's Markets Daily is back for your latest news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
Bitcoin Looks Overbought but Analysts Play Down Drop Fears
Bitcoin's rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts.
A Crypto Derivatives Exchange Is Getting a Nasdaq Listing in Q3
Originally postponed due to the pandemic, EQUOS.io is still set to be the first crypto exchange on the Nasdaq.
Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto Scam
Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme.
Malaysia's Stock Exchange Eyes Blockchain for Bond Market Digitization
Known as Project Harbour, the initiative will use distributed ledger technology as a register for a bond marketplace.
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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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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Weekend Sell-Off Hits EdgeX’s Nasdaq-Linked Perp as $13M in Longs Liquidated
A large short placed during off-hours sent EdgeX’s XYZ100 perpetual down nearly 4%, exposing risks in equity-index perps when traditional markets are closed.
What to know:
- A newly created wallet executed a short worth roughly $10 million on EdgeX’s Nasdaq 100–linked perpetual, triggering a rapid 3.5% price drop and a liquidation cascade across long positions.
- With U.S. equity markets closed, traders cannot hedge exposure to the Nasdaq, leaving equity-index perps more susceptible to large orders and thin liquidity.
- EdgeX processed about $167 billion in perp volume last month, underscoring how fast-growing crypto derivatives platforms are pushing into tokenized equities.
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