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Bitcoin News Roundup for July 13, 2020
With BTC mining difficulty reaching a new record high, CoinDesk's Markets Daily is back with your bitcoin news roundup!
Updated Sep 14, 2021, 9:30 a.m. Published Jul 13, 2020, 4:00 p.m.
With BTC mining difficulty reaching a new record high, CoinDesk's Markets Daily is back with your bitcoin news roundup!
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
Drop in Bitcoin 'Whale' Addresses Suggests Market May Be Decentralizing
The number of bitcoin addresses holding at least 10,000 coins has dropped to a 14-month low alongside an uptick in lower-value addresses.
Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving
Two months after the network's halving event, it's harder than ever to mine bitcoin.
Crypto Long & Short: Dogecoin, Market Manipulation and the Downside of a Coinbase IPO
Noelle Acheson explains how the dogecoin rise exemplifies the creative destruction underway in markets, and what a potential Coinbase listing could mean for the development of crypto.
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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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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Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin
Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.
What to know:
- According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years.
- Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for bitcoin.
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