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Bitcoin News Roundup for April 20, 2020
Bitcoin volatility points to big things to come while hackers drain $25 million overnight. It's CoinDesk's Markets Daily Podcast.
Updated Sep 14, 2021, 8:31 a.m. Published Apr 20, 2020, 4:00 p.m.
Bitcoin volatility points to big things coming while a DeFi protocol loses $25 million overnight. It's CoinDesk's Markets Daily Podcast.
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Today's stories:
Bitcoin Volatility at 3-Month Low as Market Awaits Big Price Move
Russians Withdrew a Year's Worth of Cash in a Month Over Coronavirus Fears
Bitcoin ATMs Expand Despite Shelter-in-Place Rules
Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto
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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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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
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