Bitcoin News Roundup for May 12, 2020
With the third Bitcoin halving in the rearview mirror, Markets Daily is back with your bitcoin news roundup for a look at price movements, problematic privacy and more...

With the third Bitcoin halving in the rearview mirror, Markets Daily is back with your bitcoin news roundup for a look at price movements, problematic privacy and more...
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
Today's stories:
Third Halving Turns Out to Be Non-Event for Bitcoin's Price
The Problem With Money Is 'Too Much Privacy,' Says Ex-US Treasury Secretary Summers
Trust No Dapp: Chainlink Launches Oracle for Provable Randomness
UAE Bank Opens Bangladesh Remittance Corridor Using Ripple's Blockchain Tech
For early access to our bitcoin news roundup 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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Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout

The pullback followed Tuesday's brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks.
What to know:
- Bitcoin fell toward $90,000 as crypto markets lost ground despite a Federal Reserve rate cut.
- Over $514 million in leveraged positions were liquidated, with major tokens like Ether and Solana also declining.
- Analysts suggest Bitcoin must surpass $94,000 to signal a significant rebound, amid concerns over macroeconomic conditions and market liquidity.











