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Bitcoin News Roundup for Aug. 10, 2020
With the price of bitcoin knocking on $12K, CoinDesk's Markets Daily is back with another time-saving news roundup.
Updated Sep 14, 2021, 9:41 a.m. Published Aug 10, 2020, 4:00 p.m.
With the price of bitcoin knocking on $12K, CoinDesk's Markets Daily is back with another time-saving news roundup.
STORY CONTINUES BELOW
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's stories:
First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters)
Bitcoin pushed above $12,000 as President Donald Trump ordered emergency economic aid measures that might just be a precursor to a new spending bill worth trillions of dollars.
Ethereum Classic Attacker Double-Spends $1.68M: Report
The attacker attempted to double-spend roughly $3.3 million during the second attack.
Crypto Attacks and What They Mean for Open-Source Value
Ethereum Classic's recent 51% attacks highlight the value of large open-source networks such as Bitcoin and Ethereum – it’s about more than hashrate.
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 Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
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