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Bitcoin News Roundup for March 2, 2020

With bitcoin taking a breather after last week's abrupt fall, Markets Daily is back with another time saving news roundup.

Updated Dec 6, 2022, 6:28 p.m. Published Mar 2, 2020, 5:11 p.m.
MD FEB 27 RELEASE

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Today's news:

Chinese Crypto and Blockchain Firms Grapple With Coronavirus Outbreak

Bitcoin Rallies After Biggest Weekly Drop Since November

West Virginia Ditches Blockchain Voting App Provider Voatz

New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO

Revealed: fake 'traders' allegedly prey on victims in global investment scam

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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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Crypto Drop Wipes Out $370M in Bullish Bets as BTC, ETH Give Back Gains

(Christian Dubovan/Unsplash, modified by CoinDesk)

Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.

What to know:

  • Crypto markets experienced a significant leverage reset with over $514 million in positions liquidated in 24 hours.
  • Long positions accounted for $376 million of the liquidations, indicating traders were heavily betting on continued market gains.
  • Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.