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Bitcoin News Roundup for April 30, 2020

Here comes the BTC price bump while Telegram pulls back on its token sale. This is CoinDesk's Markets Daily podcast.

Updated Sep 14, 2021, 8:35 a.m. Published Apr 30, 2020, 4:00 p.m.
MD FEB 27 RELEASE

Here comes the BTC bump while Telegram pulls back on its token sale. This is CoinDesk's Markets Daily podcast.

STORY CONTINUES BELOW
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Today's stories:

Bitcoin Options Trading Volumes Surge as Price Moves Above $9.4K

Coinbase Suffers Temporary Outage as Bitcoin Soars as High as $8,900

Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

Telegram Caves to US Regulators: Delays Blockchain Launch, Offers to Return $1.2B to Investors

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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XRP drops 4% as traders watch whether $1.88 support holds

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Price stabilizes near recent lows after a volatile pullback from above $2.

What to know:

  • XRP slipped nearly 4% as bitcoin fell below $88,000, with price action driven more by market structure and positioning than by changes to Ripple’s fundamentals.
  • Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset.
  • XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves.