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Crypto News Roundup for Feb. 24, 2020
With the price of bitcoin repeatedly breaching and then retreating from the psychologically important $10,000 level, Markets Daily is back with another time crypto news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Feb 24, 2020, 5:00 p.m.
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Today's News:
$10K Proving a Tough Nut to Crack for Bitcoin's Bulls
Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat
Alleged Crypto Capital Operator Faces New Wire Fraud Charge
New 'Simpsons' Episode Features Jim Parsons Giving a Crypto Explainer for the Masses
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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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Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin
Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.
What to know:
- According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years.
- Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for bitcoin.
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