Bitcoin News Roundup for May 7, 2020
BTC could hit $10K while mining ramps up. This is CoinDesk's Markets Daily podcast.

BTC could hit $10K while mining ramps up. This is CoinDesk's Markets Daily podcast.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
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Today's stories:
Bitcoin Outperforming Gold and Stocks so Far This Month
Bitcoin Node Count Falls to 3-Year Low Despite Price Surge
Bitcoin Revenue in Square's Cash App Tops Fiat Revenue for First Time in Q1
Stellar Invests $5M in Abra Ahead of Blockchain Integration
Isolated From The Coronavirus -- And The Rest Of The World -- On An Arctic Expedition | 90.1 FM WABE
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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Protocol Research: GoPlus Security

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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DOGE exits range as selling pressure builds at key levels

The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.
What to know:
- Dogecoin fell 5% after the Federal Reserve's rate cut, as traders reacted to cautious guidance and internal disagreements on future easing.
- The memecoin broke below the $0.1310 support level, confirming a bearish shift with increased trading volume.
- The $0.1310–$0.1315 zone is now a resistance area, with further downside likely if volume remains high on declines.











