Bitcoin News Roundup for June 5, 2020
It's bulls on parade as analysts see upward momentum for bitcoin. Here's CoinDesk's Markets Daily Podcast.

It's bulls on parade as analysts see upward momentum for bitcoin. Here's CoinDesk's Markets Daily Podcast.
This episode is sponsored by Bitstamp and Ciphertrace
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Bullishness Building in Bitcoin Options Market, Data Suggests
Lawsuit Accuses Xapo, Indodax of Negligently Holding Stolen Bitcoin
MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral
New York, French Finance Watchdogs Open Doors for Each Other's Fintech Startups
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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Protocol Research: GoPlus Security

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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Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations

Solana tumbled below $120 to its weakest price since April, while SUI, DOGE and ADA also fell sharply.
What to know:
- Bitcoin is teetering on the brink of falling below $85,000 level, accelerating declines in the crypto market.
- Altcoins such as SOL, Cardano, ADA, SUI and dogecoin led Thursday's drop.
- $550M in liquidations hit derivatives markets, but analysts said the pullback looks like orderly deleveraging rather than full-blown panic.











