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Bitcoin News Roundup for Feb. 20, 2020
With the price of bitcoin diving nearly 7 percent in the last 24 hours, Markets Daily is back with another time-saving bitcoin news roundup.
By John Biggs
Updated Dec 11, 2022, 1:51 p.m. Published Feb 20, 2020, 5:00 p.m.
With the price of bitcoin diving nearly 7 percent in the last 24 hours, Markets Daily is back with another time-saving bitcoin news roundup.
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Today's news:
Bitcoin Traps Buyers With Biggest Daily Price Loss in Three Months
Coinbase becomes a Visa principal member
Korean ICO Project Shuts Down, Says 'Negative Perceptions' of Crypto Made Business Impossible
Samsung Continues Support for Crypto With New Flagship Smartphone
Victoria's Secret Sells Control to Sycamore; Wexner Steps Downhttps://finance.yahoo.com/news/victoria-secret-sold-1-1-063131051.html
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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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LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
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