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Bitcoin News Roundup for June 9, 2020

With the price of bitcoin again struggling to breach $10,000 and volatility falling to recent lows, CoinDesk's Markets Daily is back with another bitcoin news roundup.

Updated Sep 14, 2021, 8:49 a.m. Published Jun 9, 2020, 4:00 p.m.
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With the price of bitcoin again struggling to breach $10,000 and volatility falling to recent lows, CoinDesk's Markets Daily is back with another bitcoin news roundup.

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This episode is sponsored by Bitstamp and Ciphertrace

Today's stories:

Market Wrap: $10,000 Remains Bitcoin's Price to Beat

Store of value? Bitcoin has outperformed gold and trounced U.S. equities so far this year.

Pentagon War Game Envisioned a Generation-Z Rebellion Funded by Bitcoin

The war game was designed in 2018 to prepare troops for future conflicts fought on computers rather than on the battlefield.

Media Startup Civil Shuts Down, Team Absorbed Into Decentralized ID Efforts at ConsenSys

Blockchain media startup Civil is shutting down after three years, with its team pivoting to building decentralized identity tools at parent firm ConsenSys.

Crypto News Outlet BlockTV Shuts Down, Citing Impact of COVID-19

Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees.

Winklevoss Twins to Help Adapt 'Bitcoin Billionaires' Book for Film

Cameron and Tyler Winklevoss will help produce a film based on the best-selling book that featured their entrance into the world of bitcoin.

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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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U.S. bitcoin, ether ETFs see largest outflows since Nov. 20 as BTC declines

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Monday once again emerges as a pressure point for bitcoin, aligning ETF outflows with recurring bitcoin lows.

What to know:

  • U.S. spot bitcoin and ether ETFs recorded the largest net outflows since Nov. 20.
  • Monday has been a consistent pressure point for bitcoin this year, with several major local lows occurring on that day, and Velo data showing Monday as the third-worst performing day over the past 12 months.