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Bitcoin News Roundup for May 29, 2020
With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!
Por Adam B. Levine, John Biggs
With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!
STORY CONTINUES BELOW
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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
Bitcoin Rally Falters as Stocks Drop Ahead of Trump's China Speech
Bitcoin's bulls are taking a breather as the traditional markets get the jitters over rising tensions between the U.S. and China.
Twetch Gets Suspended From Twitter in Wake of Trump 'Fact-Check' Storm
The Twitter account of BSV-based social media platform Twetch was suspended Thursday without warning, said Twetch co-founder Josh Petty.
'Passwordless Login' Startup Magic Raises $4M From Naval Ravikant, Placeholder
Ethereum startup Magic just raised $4 million from investors like Naval Ravikant, SV Angel, Placeholder and Volt Capital to make passwords less of a pain.
US Court Freezes Assets Linked to Alleged $9M ICO Scam
A federal court has frozen assets raised from investors in the Meta 1 Coin token sale in this increasingly bizarre ICO story.
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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Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
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