Bitcoin News Roundup for May 6, 2020
BTC stays above $9K while some new startups wrestle for market share. It's CoinDesk's Markets Daily Podcast.

BTC stays above $9K while some startups wrestle for market share. It's CoinDesk's Markets Daily Podcast.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.
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 Breaches $9.2K as Open Positions on CME Futures Hit 10-Month High
BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher Finds
ChromaWay Expands Effort to Put Latin American Land Records on the Blockchain
ASX Accused of Trying to ‘Crush’ Rival Blockchain Trading System
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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Incoming voter on interest rate policy, Cleveland Fed's Hammack says no more cuts

"My base case is that we can stay here for some period of time," Cleveland Fed President Beth Hammack told the WSJ.
What to know:
- Cleveland Fed President Beth Hammack, who in 2026 will be a voter on the central bank's policy-making FOMC, says interest rates need to stay on hold for several months.
- She threw shade on last week's surprisingly soft CPI report, noting data-collection distortions created by the government shutdown.
- Other things being equal, bitcoin would typically benefit from easier Fed monetary policy, but that hasn't at all been the case in 2025.











