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MARKETS DAILY: Crypto News Roundup for Jan. 28, 2020

Bitcoin rallied to near $9,150 as stocks dropped over Coronavirus fears, plus IBM's new "Self-Aware Token" approach.

Updated Dec 6, 2022, 6:28 p.m. Published Jan 28, 2020, 5:00 p.m.
markets daily adam john

Bitcoin rallied to near $9,150 as stocks dropped over Coronavirus fears, plus IBM's new "Self-Aware Token" approach. 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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Today's roundup:

Bitcoin Rallies to Near $9,150 as Stocks Drop Over Coronavirus Fears

British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout

Ukraine Plans to Track Suspicious Crypto Transactions Above $1,200

Deutsche Bank Says Digital Currencies Could Be Mainstream in 2 Years

IBM Awarded Patent for 'Self-Aware Token'

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

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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Strategy surges 6% on MSCI decision not to exclude DATs from indexes

Michael Saylor, Executive Chairman of Strategy (MSTR)

Shares of the Michael Saylor-led firm had been under pressure not just from weak bitcoin prices, but also the chance that the indexing giant might exclude DATs from its indexes.

What to know:

  • Strategy (MSTR) shares rose 6% in after-hours trading after MSCI's decision on digital asset treasury companies.
  • MSCI stated that distinguishing between investment companies and those holding digital assets requires further research.
  • The current index treatment for companies with digital assets making up 50% or more of their total assets will remain unchanged.