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Bitcoin News Roundup for Aug. 10, 2020

With the price of bitcoin knocking on $12K, CoinDesk's Markets Daily is back with another time-saving news roundup.

Updated Sep 14, 2021, 9:41 a.m. Published Aug 10, 2020, 4:00 p.m.
Markets Daily Front Page Adam Lyllah

With the price of bitcoin knocking on $12K, CoinDesk's Markets Daily is back with another time-saving news roundup.

STORY CONTINUES BELOW
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Today's stories:

First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters)

Bitcoin pushed above $12,000 as President Donald Trump ordered emergency economic aid measures that might just be a precursor to a new spending bill worth trillions of dollars.

Ethereum Classic Attacker Double-Spends $1.68M: Report

The attacker attempted to double-spend roughly $3.3 million during the second attack.

Crypto Attacks and What They Mean for Open-Source Value

Ethereum Classic's recent 51% attacks highlight the value of large open-source networks such as Bitcoin and Ethereum – it’s about more than hashrate.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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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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Fed rates decision, Tesla earnings, Bybit roadmap: Crypto Week Ahead

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Your look at what's coming in the week starting Jan. 26.

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