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Bitcoin News Roundup for May 4, 2020
May the BTC be with you. It's CoinDesk's Markets Daily podcast.
Updated Dec 11, 2022, 7:27 p.m. Published May 4, 2020, 4:00 p.m.
May the BTC be with you this May the fourth. It's CoinDesk's Markets Daily podcast.
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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.
Today's stories:
Bitcoin Price May Drop After Halving, Historical Data Shows
Bitfinex, Tether Seek Subpoenas Across US in Hunt for Missing $800M
US Court Dismisses Lawsuit Over Riot Blockchain's Crypto Pivot
US Senate Staffers Float Blockchain Voting if Chamber Goes Remote
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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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Coinbase deepens India presence after approval of CoinDCX deal
The approval follows a challenging year for CoinDCX which included a significant security breach, though customer funds remained safe.
What to know:
- India's competition regulator has approved Coinbase's acquisition of a minority stake in CoinDCX, enhancing its presence in the Indian crypto market.
- The approval follows a challenging year for CoinDCX, including a significant security breach, though customer funds remained safe.
- Coinbase is renewing its focus on India, resuming user registrations and planning to introduce a rupee on-ramp in 2026.
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