Bitcoin News Roundup for March 11, 2020
Bitcoin falls while the Escobar Fold 2 confuses the heck out of us. It's CoinDesk's Markets Daily Podcast.

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Today's Stories:
Bitcoin Options Saw Record Volume of $198M Amid Recent Price Drop
The Cryptocurrency Act of 2020 Is 'Dead on Arrival,' Washington Tells Sponsors
Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain
2 Arrested in Japan for Obtaining Crypto Linked to Coincheck's $530 Million Hack
The Escobar phone is a Samsung Galaxy Fold with a sticker on ithttps://knapsack.news/2020/03/11/the-escobar-phone-is-a-samsung-galaxy-fold-with-a-sticker-on-it/
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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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Bitcoin gets 'base case' price target of $143,000 at Citigroup

The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.








