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Bitcoin News Roundup for July 20, 2020
With bitcoin's trading range getting even tighter, CoinDesk's Markets Daily is back for your bitcoin news roundup.
Updated Sep 14, 2021, 9:33 a.m. Published Jul 20, 2020, 4:00 p.m.
With bitcoin's trading range getting even tighter, CoinDesk's Markets Daily is back for your bitcoin news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish
Big-money players are extending financing to bitcoin miners for equipment upgrades, even though prices are still torpid two months after the halving.
PayPal Picks Paxos to Supply Crypto for New Service, Sources Say
PayPal has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter.
This New Coding Language Could Help Unlock Bitcoin's Smart Contract Potential
With the introduction of Sapio, Jeremy Rubin hopes to expand Bitcoin's smart contract use cases and increase the "financial self-sovereignty" of its users.
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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 is all over the place ahead of U.S. inflation data
U.S. inflation data for November, expected to show a 3.1% increase in CPI, could influence Federal Reserve interest rate decisions.
What to know:
- Bitcoin's price fluctuated between $$86,000 and $90,000 in the last 24 hours, reflecting market uncertainty.
- U.S. inflation data for November, expected to show a 3.1% increase in CPI, could influence Federal Reserve interest rate decisions.
- Crypto markets face additional pressure from potential MSCI index exclusions, which could lead to significant outflows.
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