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Bitcoin News Roundup for Aug. 6, 2020
With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:40 a.m. Published Aug 6, 2020, 4:00 p.m.
With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk's Markets Daily is back for your latest crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All Year
Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.
Judge Worries Plaintiffs' Lawyers Trying to Line Their Pockets in Block.one ICO Lawsuit
A federal judge in New York criticized some parties to a class-action lawsuit against Block.one for appearing to be involved solely for potential high legal fees.
Investors Suing Over Status ICO Can't Find Execs to Serve Papers
Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.
Man Accused of Arranging Murder to Avoid Crypto Debt Can't Escape Jail, Brazilian Court Rules
Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court rejected his request for freedom.
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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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 Drops Below $90K Amid Fading Risk Appetite Ahead of Key Macro Events
Bitcoin hovered below $90,000 on Sunday as low liquidity, altcoin weakness and imminent U.S. and global data releases kept traders cautious.
What to know:
- Bitcoin slipped below $90,000 in low-liquidity Sunday trading.
- Ether showed relative strength while major altcoins lagged.
- Traders are positioning ahead of a busy week of U.S. data and central bank events.
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