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Bitcoin News Roundup for July 22, 2020
With the price of BTC taking a breather following Tuesday's jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.
Updated Sep 14, 2021, 9:34 a.m. Published Jul 22, 2020, 4:00 p.m.
With the price of BTC taking a breather following Tuesday's jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
First Mover: This DeFi-Ready Token Is Teaching Crypto Traders to Cherish Inflation
An update on bitcoin price action, courtesy of CoinDesk's Omkar Godbole.
Bitcoin 'Active Entities' at Highest Since 2017 Bull Run
The on-chain metric suggests bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action.
China's Blockchain Infrastructure to Extend Global Reach With Six Public Chains
China’s blockchain infrastructure BSN will expand its global reach by integrating with six major public chains including Tezos, NEO, Cosmos’ Irisnet, Nervos, Ethereum and EOS. Developers using these blockchains will be able to run nodes and build dapps in the network.
Blockchain Bites: China's BSN Integrations and Satoshi's Newfound Wealth
Ethereum Classic supporters are ditching the project, top exchanges are developing "Travel Rule" solutions and, FYI, YFI might have a backdoor.
China's Supreme Court Calls For Better Protection Over Digital Currencies CoinDesk
A new guideline comes amid rising numbers of legal disputes in China over the ownership of digital currencies like bitcoin.
Korean Government Proposes Tough New 22% Tax on Crypto Trading
Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.
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- 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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Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
What to know:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
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