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Bitcoin News Roundup for Sept. 2, 2020

With bitcoin's price dropping overnight as DeFi booms, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:51 a.m. Published Sep 2, 2020, 4:00 p.m.

With bitcoin's price dropping overnight as DeFi booms, 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.

Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.

Miners generated an estimated $368 million in August. Revenue estimates assume miners sell their bitcoins immediately.

Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.

Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations its chairman engaged in investment fraud.

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Protocol Research: GoPlus Security

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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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Coinbase deepens India presence after approval of CoinDCX deal

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The approval follows a challenging year for CoinDCX which included a significant security breach, though customer funds remained safe.

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India's competition regulator has approved Coinbase's acquisition of a minority stake in CoinDCX, enhancing its presence in the Indian crypto market.
The approval follows a challenging year for CoinDCX, including a significant security breach, though customer funds remained safe.
Coinbase is renewing its focus on India, resuming user registrations and planning to introduce a rupee on-ramp in 2026.