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Bitcoin News Roundup for July 28, 2020
With bitcoin pulling back a little after yesterday's frenzied rush above $11,000, CoinDesk's Markets Daily is back with another news roundup.
Updated Sep 14, 2021, 9:37 a.m. Published Jul 28, 2020, 4:00 p.m.
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With bitcoin pulling back a little after Monday's frenzied rush above $11,000, CoinDesk's Markets Daily is back with another news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
Bitcoin Futures Volume Surges 186% as Price Hits $11K
The market for bitcoin futures snapped back to life on Monday as the cryptocurrency's price surged to an 11-month high.
Ethereum Miners' Income Soars by 60% in a Month – Outruns Ether's Price Jump
Ethereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees.
Ethereum 2.0: How It Works and Why It Matters
A new 22-page report from CoinDesk Research explains the technology behind Ethereum's upcoming overhaul and the potential market impact of Eth 2.0.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here's what bitcoin bulls are saying as price remains stuck during global rally
It's about a lot more than "zooming out." Supply overhangs and investor "muscle memory" regarding gold help explain bitcoin's poor absolute and relative performance.
What to know:
- Bitcoin has failed so far to act as an inflation hedge or safe-haven asset, lagging badly behind gold, which has surged amid high inflation, wars, and interest rate uncertainty.
- Crypto advocates argue that bitcoin’s weakness reflects a temporary supply overhang, investor “muscle memory” favoring familiar precious metals and its correlation with risk assets, rather than a collapse in long-term demand.
- Many bitcoin proponents still see BTC as a superior long-term store of value and “digital gold,” predicting that, once traditional hard assets are overbought, capital will rotate into bitcoin, allowing it to “catch up” to gold.
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