Bitcoin News Roundup for March 12, 2020
Coronavirus is changing fintech as we know it while Magic Leap crashes. This is CoinDesk's Markets Daily Podcast.

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Today's Stories:
Bitcoin Hits 10-Month Low Below $6K Alongside Stock Markets Plunge
As NY Fed Promises More Cash, What Will Christine Lagarde Do?
New York Crypto Companies Move to 'Work From Home' in Face of Rising COVID-19 Threat
Bitcoin Users Are Funding a DIY Coronavirus Vaccine
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
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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Memecoin boom turns into capitulation one year after $150 billion market peak

Daily memecoin volume slumped to just under $5 billion this month after surging more than 760% to near $87 billion in 2024 as interest in the pop-culture crypto tokens evaporated.
What to know:
- Memecoins, valued at $150 billion at the end of 2024, slid to just over $47 billion by November.
- Dogecoin and a few other tokens make up more than half of the current memecoin market capitalization.
- Interest in memecoins plummeted more than 80% in 2025, with trading volumes and engagement dropping significantly.











