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Bitcoin News Roundup for June 12, 2020
With the price of BTC dropping more than 6% overnight, CoinDesk's Markets Daily is back with your bitcoin news roundup.
Updated Sep 14, 2021, 8:51 a.m. Published Jun 12, 2020, 4:06 p.m.
With the price of BTC dropping more than 6% overnight, CoinDesk's Markets Daily is back with your bitcoin news roundup.
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This episode is sponsored by Bitstamp and Ciphertrace.
Today's stories:
Why Bitcoin Suddenly Dropped 6% on Thursday
The week-long calm in the bitcoin market ended with a sudden $800 price drop on Thursday. Here are three likely reasons why.
Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says
The Ontario Securities Commission has published a scathing report calling now-defunct Canadian exchange QuadrigaCX a "Ponzi," and denouncing the practices of founder and CEO Gerald Cotten.
Unstoppable Domains Taps IPFS for Censorship-Resistant Blogging Platform
Decentralized blogging is coming to a .crypto URL near you thanks to a partnership between Unstoppable Domains and Protocol Labs.
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- 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.
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Galaxy Digital’s head of research explains why bitcoin’s outlook is so uncertain in 2026
Galaxy Digital’s Alex Thorn says options markets, falling volatility and macro risks make next year hard to forecast even as the firm keeps a bullish long-term view.
What to know:
- Galaxy Research, the research arm of Galaxy Digital (GLXY), says overlapping macroeconomic and market risks make bitcoin unusually difficult to forecast in 2026.
- The firm says that options pricing and volatility trends indicate that bitcoin is maturing into a more macro-like asset, rather than a high-growth trade.
- Galaxy maintains a long-term bullish outlook, projecting that bitcoin could reach $250,000 by the end of 2027.
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