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Bitcoin News Roundup for May 8, 2020

Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.

Updated Dec 11, 2022, 7:50 p.m. Published May 8, 2020, 4:00 p.m.
MD FEB 27 RELEASE

Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.

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This episode is sponsored by ErisXThe Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

For early access before our regular noon Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

Today's stories:

Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes

One of Bitcoin's Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds

First Mover: Search Interest in Bitcoin's Halving Reaches Fever Pitch as Price Hits $10K

'Massive Adoption' Conference Organizer Sued After Refund Delays

Andy Serkis' Hobbitathon

For early access before our regular noon Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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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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Coreweave stock gains 9% on fresh $2 billion Nvidia investment

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Already an investor in CoreWeave, Nvidia last September had agreed to purchase $6.3 billion of computing services from the AI infrastructure provider.

What to know:

  • CoreWeave shares jumped about 9% in pre-market trading after Nvidia invested another $2 billion in the AI-focused cloud company.
  • The new funding is intended to help CoreWeave expand to more than 5 gigawatts of AI-dedicated data centers by the end of the decade.
  • The deal deepens a yearslong collaboration in which Nvidia and CoreWeave will align on hardware, software and data center strategy, and test CoreWeave’s Mission Control resource-scheduling platform for potential integration into Nvidia’s ecosystem.