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Crypto News Roundup for Feb. 18, 2020
With the price of bitcoin breaking below last week's critical resistance, Markets Daily is back with another time-saving news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Feb 18, 2020, 5:00 p.m.
With the price of bitcoin breaking below last week's critical resistance, Markets Daily is back with another time-saving news roundup.
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Today's news:
DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether
Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline
Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall
Enjin Launches Game Development Platform on Ethereum
Craig Wright Doubles Down on Satoshi Claim, Says Bitcoin Core Infringes His 'Database Rights'
Warrant-Proof Encrypted Messages Targeted By Trump Administration
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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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Bitcoin shorts scramble for the exits as BTC climbs
Bitcoin surged from an intraday low near $86,200 to reclaim $90,000, driven by aggressive spot buying and a wave of short liquidations.
What to know:
- Over $110 million in bitcoin short positions were liquidated in the past hour, according to Coinglass alongside a muted rise in open interest
- The action points to spot-driven demand rather than leveraged bets driving BTC's surge to $90,000.
- Bitcoin’s cumulative volume delta jumped 1,100% during the rally, signaling aggressive buying pressure not seen since early December.
- Global Macro Investor’s Julien Bittel says an "oversold" RSI reading supports a prolonged bull market, arguing the traditional four-year cycle has broken down as bitcoin dominance climbs toward 60%.
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