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Bitcoin News Roundup for June 1, 2020
With bitcoin and ether both headed up, CoinDesk's Markets Daily is back with your bitcoin news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Jun 1, 2020, 4:04 p.m.
With bitcoin and ether both headed up, CoinDesk's Markets Daily is back with your bitcoin news roundup.
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Russia Is About to Drop the Crypto 'Iron Curtain,' Industry Warns
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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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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.
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