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Bitcoin News Roundup for July 8, 2020
Very crypto, much wow. With Dogecoin back in the news, CoinDesk's Markets Daily is back with another bitcoin news roundup.
Updated Sep 14, 2021, 9:01 a.m. Published Jul 8, 2020, 4:00 p.m.
Very crypto, much wow. With dogecoin back in the news, 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 News:
As Gold Hits 9-Year High, Bitcoin Eyes Price Breakout
Bitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.
Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos
The Shiba Inu meme-based cryptocurrency’s price climbed 35% as TikTok users encourage each other to invest.
Nearly $60M in Bitcoin Moved to Ethereum in June
Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin.
With Chat Privacy Under Threat in US, Firm Develops '100% User-Controlled' Messaging
Unstoppable Domains is working to give users full control over their chat data with a new decentralized protocol.
Ride-Hailing Giant DiDi to Trial China's Central Bank Digital Currency
Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform.
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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.
- 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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Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.
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