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Crypto News Roundup for July 27, 2020
With BTC breaking out, ETH exploding and gold at all-time highs, CoinDesk's Markets Daily is back with another crypto news roundup.
Updated Sep 14, 2021, 9:36 a.m. Published Jul 27, 2020, 4:00 p.m.
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With BTC breaking out, ETH exploding and gold at all-time highs, CoinDesk's Markets Daily is back with another crypto news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Crypto News:
First Mover: Bitcoin at Last Passes $10K, but Why Has It Struggled While Gold Shone?
It's a tricky thing to explain why bitcoin has been underperforming as central bank money printing helps drive gold to a new record.
Ether Leaves Bitcoin Behind With 2020 Gain of Over 100%
Ethereum's popularity with DeFi projects has likely led to a triple-digit year-to-date price rise for ether. Bitcoin lags well behind with a 34% gain.
Crypto Long & Short: Where Fintech Ends and Crypto Begins
Parts of fintech may be embracing crypto, but Noelle Acheson argues that doesn’t mean crypto is fintech – it’s more than that.
MakerDAO Passes $1 Billion Milestone in DeFi First
The total value of ether locked in DeFi's oldest project has surpassed $1 billion for the first time.
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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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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
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