Bitcoin News Roundup for May 18, 2020
BTC can't seem to break $10K while JK Rowling gets an earful. It's CoinDesk's Markets Daily Podcast.

BTC can't seem to break $10K while JK Rowling gets an earful. It's CoinDesk's Markets Daily Podcast.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Today's Stories:
Bitcoin Battles for $10K as Gold Prints Over 7-Year High
18 Months In, Few People Use, Mine or Buy Privacy Coin Grin
Bakkt Announces New Insurance Coverage, Claims More Than 70 Custody Clients
JK Rowling Asks About Bitcoin. Accursed Crypto Twitter Scares Her Off
'Great Balls' is an AC/DC song written by an AIhttps://knapsack.news/2020/05/14/great-balls-is-an-ac-dc-song-written-by-an-ai/
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

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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Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy

The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
What to know:
- As expected, the Federal Reserve trimmed its benchmark fed funds rate range by 25 basis points on Wednesday afternoon.
- Today's cut is notable given the unusually large amount of public dissension among Fed members for further monetary ease.
- Two Fed members dissented from the rate cut, preferring instead to hold rates steady, while one member voted for a 50 basis point rate cut.











