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Bitcoin News Roundup for July 23, 2020
With BTC finally breaking out and ETH up even more, CoinDesk's Markets Daily is back with another crypto news roundup.
Updated Sep 14, 2021, 9:34 a.m. Published Jul 23, 2020, 4:00 p.m.
With bitcoin finally breaking out and ether up even more, CoinDesk's Markets Daily is back with another crypto news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
3 Reasons Bitcoin's Price Could Soon Rise to $10K
After a rise over $9,500 on Wednesday, bitcoin looks set to climb toward the psychological price hurdle of $10,000. Here are three reasons why.
Banks in US Can Now Offer Crypto Custody Services, Regulator Says
U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.
Senate Hearing Sees Digital Dollar as a Tool for Economic Supremacy
The digital dollar again appeared during a Senate hearing. However, it wasn't the focus of the hearing but as just another tool that can be used to maintain U.S. hegemony.
Apple Co-Founder Steve Wozniak Sues YouTube Over Bitcoin Giveaway Scams
Wozniak is among 18 plaintiffs suing the Google-owned video giant for allowing crypto giveaway scams using his likeness to flourish on the platform.
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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’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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