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Crypto News Roundup for Jan. 21, 2020
Join CoinDesk Podcast Editor Adam B. Levine and Senior Markets Reporter Brad Keoun for a daily, time saving rundown of top news impacting crypto markets today.
Updated May 2, 2022, 4:00 p.m. Published Jan 21, 2020, 5:16 p.m.
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Today's news:
- Bitcoin trading between $8,000 and $9,000 as MACD prepares to go positive for the first time in five months
- CME bitcoin futures growing fast as open contracts more than double since December.
- Publicly traded Argo Mining reports on big revenue gains and mining power ramp-up as the bitcoin halving approaches.
- Swiss regulators softening their stance on Facebook.
- Many advanced nations (but not the U.S.) have joined with the BIS to study Central Bank Digital Currencies (CBDCs).
- DigiXDAO investors opt to liquidate the project and issue refunds worth more than the original investment.
- Class action plaintiffs move to consolidate multiple lawsuits against Tether.
- Xinhau reports Chinese investment in blockchain projects is down 41 percent from 2018 (Original Report).
- South Korea considers simplifying taxes on cryptocurrency income (Original report).
- Indian Central Bank clarifies stance, says there is no "ban" on cryptocurrency.
- A new report from the Jerusalem Post says Hamas collected millions in cryptocurrency
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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 shorts scramble for the exits as BTC climbs
Bitcoin surged from an intraday low near $86,200 to reclaim $90,000, driven by aggressive spot buying and a wave of short liquidations.
What to know:
- Over $110 million in bitcoin short positions were liquidated in the past hour, according to Coinglass alongside a muted rise in open interest
- The action points to spot-driven demand rather than leveraged bets driving BTC's surge to $90,000.
- Bitcoin’s cumulative volume delta jumped 1,100% during the rally, signaling aggressive buying pressure not seen since early December.
- Global Macro Investor’s Julien Bittel says an "oversold" RSI reading supports a prolonged bull market, arguing the traditional four-year cycle has broken down as bitcoin dominance climbs toward 60%.
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