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Crypto News Roundup for Jan. 22, 2020
Join CoinDesk Podcast Editor Adam B. Levine and Senior Markets Reporter Brad Keoun for a daily, time saving rundown of top news impacting crypto markets today.
Updated May 2, 2022, 3:52 p.m. Published Jan 22, 2020, 4:50 p.m.
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Today's crypto news roundup:
- Bitcoin price appears trapped in a range between roughly $8,500 and $8,800,
- Vodafone is the latest big partner to redirect efforts away from Facebook's proposed Libra project.
- The Blockchain Association files a brief in support of embattled Telegram as it faces off against the SEC.
- More allegations of fraud and enforcement action from the SEC, this time focused on Opporty International.
- Square is building a new set of solutions to make it easier to integrate bitcoin and lightning network payments.
- Taiwanese startup Numbers took an investment from Binance.
- Big Tech and Big Finance join with Hyperledger to form the "Hyperledger Climate Action and Accounting Special Interest Group."
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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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Bitcoin stuck near $88,000 as gold's and silver's record-breaking rallies show exhaustion signs
"Gold and silver casually adding an entire bitcoin market cap in a single day," wrote one crypto analyst.
What to know:
- Bitcoin is off its worst levels of the weekend, but still near the year's low at $87,700.
- Facing the same news cycle as crypto, precious metals continued to surge higher, but a quick retreat from their highs on Monday suggested a bit of exhaustion was setting in.
- Analysts remain dour on the outlook for crypto prices given the looming government shutdown as well as delays in passage of the Clarity Act.
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