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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.
Markets Daily Front Page Adam Lyllah

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.

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

GP Basic Image

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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BONK Extends Slide as Resistance Rejection Pushes Token Back Toward Support

BONK-USD, Dec. 11 (CoinDesk)

BONK fell 4.5% as resistance near $0.00001010 capped early strength, sending the token into a tight consolidation band around $0.00000910.

What to know:

  • BONK fell 4.5% after price was rejected near $0.00001010, reversing a brief early advance
  • A 2.03T-token volume surge marked the session’s turning point and defined the resistance ceiling
  • Price stabilized near $0.00000910 with repeated tests of nearby resistance, forming a developing consolidation base