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Bitcoin News Roundup for Aug. 26, 2020

With bitcoin’s silver lining and Ribbit’s $350 million “Blank Check,” CoinDesk's Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:48 a.m. Published Aug 26, 2020, 4:00 p.m.

With bitcoin’s silver lining and Ribbit’s $350 million “Blank Check,” 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’s latest price drop may have a silver lining.

While it's unclear how much Ribbit Leap will focus on crypto or blockchain acquisitions, it comes at a time of renewed exuberance in the sector.

The deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers.

Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.

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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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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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research

11 hours ago

K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.

What to know:

K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.