Share this article
Bitcoin News Roundup for July 22, 2020
With the price of BTC taking a breather following Tuesday's jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.
Updated Sep 14, 2021, 9:34 a.m. Published Jul 22, 2020, 4:00 p.m.
Make us preferred on Google
With the price of BTC taking a breather following Tuesday's jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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 Bitstamp and Crypto.com.
Today's Bitcoin News:
First Mover: This DeFi-Ready Token Is Teaching Crypto Traders to Cherish Inflation
An update on bitcoin price action, courtesy of CoinDesk's Omkar Godbole.
Bitcoin 'Active Entities' at Highest Since 2017 Bull Run
The on-chain metric suggests bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action.
China's Blockchain Infrastructure to Extend Global Reach With Six Public Chains
China’s blockchain infrastructure BSN will expand its global reach by integrating with six major public chains including Tezos, NEO, Cosmos’ Irisnet, Nervos, Ethereum and EOS. Developers using these blockchains will be able to run nodes and build dapps in the network.
Blockchain Bites: China's BSN Integrations and Satoshi's Newfound Wealth
Ethereum Classic supporters are ditching the project, top exchanges are developing "Travel Rule" solutions and, FYI, YFI might have a backdoor.
China's Supreme Court Calls For Better Protection Over Digital Currencies CoinDesk
A new guideline comes amid rising numbers of legal disputes in China over the ownership of digital currencies like bitcoin.
Korean Government Proposes Tough New 22% Tax on Crypto Trading
Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.
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
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.
More For You
XRP drops 4% as traders watch whether $1.88 support holds
Price stabilizes near recent lows after a volatile pullback from above $2.
What to know:
- XRP slipped nearly 4% as bitcoin fell below $88,000, with price action driven more by market structure and positioning than by changes to Ripple’s fundamentals.
- Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset.
- XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves.
Top Stories
