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Bitcoin News Roundup for July 10, 2020

With the price of BTC headed down and the Fed's largest balance sheet decline in 11 years, CoinDesk's Markets Daily is back for your bitcoin news roundup!

Updated Sep 14, 2021, 9:29 a.m. Published Jul 10, 2020, 4:00 p.m.
Markets Daily Front Page Adam Lyllah

With the price of BTC headed down and the Federal Reserve's largest balance sheet decline in 11 years, CoinDesk's Markets Daily is back for your bitcoin news roundup!

STORY CONTINUES BELOW
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This episode is sponsored by Bitstamp and Crypto.com.

Today's Bitcoin News:

The Federal Reserve's Declining Balance Sheet Is Bearish for Bitcoin. Or Is It?

The Fed’s balance sheet just dropped the most in 11 years, but despite popular opinion that is not necessarily bad news for bitcoin.

BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin

The Romanian programmer pleaded guilty to wire fraud and the offering and sale of unregistered securities.

A Rare Glimpse Into How Crypto Is Really Used in Venezuela

After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.

For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

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  • 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.
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The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.

What to know:

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