Share this article
Bitcoin News Roundup for May 1, 2020
Bitcoin beats the markets while wallet demand rises. It's CoinDesk's Markets Daily podcast.
Updated Dec 11, 2022, 7:34 p.m. Published May 1, 2020, 4:00 p.m.
Bitcoin beats the markets while wallet demand rises. It's CoinDesk's Markets Daily podcast.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund
Today's stories:
Bitcoin Rises Back to $8.8K Even as US Stock Futures Drop
The 'Great Lockdown' Is Boosting Demand for Bitcoin Custody Solutions
Bitcoin Whale Addresses Hit Highest Number Since August 2019
Andreessen Horowitz Doubles Down on Crypto Investments With New $515M Fund
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
More For You
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.
More For You
How Much Longer Until We Consider the Bitcoin Power Law Model Invalid?
As the gap between spot bitcoin price and the power law widens, investors are left questioning whether mean reversion is coming or if another cornerstone model is approaching its end.
What to know:
- Bitcoin has largely tracked its long standing power law trend this cycle, though it now trades about 32% below the model.
- Earlier models like stock to flow have already failed, with its current implied valuation near $1.3 million per bitcoin
Top Stories
