Bitcoin News Roundup for June 11, 2020
With BTC and global equity markets down more than 1% on the day, CoinDesk’s Markets Daily is back with your bitcoin news roundup.

With BTC and global equity markets down more than 1% on the day, CoinDesk’s Markets Daily is back with your bitcoin news roundup.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Bitstamp and Ciphertrace
Today's bitcoin news:
Bitcoin Stuck Below $10K as Stocks Drop
With the U.S. Federal Reserve dashing hopes of a V-shaped recovery, it's uncertain whether bitcoin will become a store of value or begin to track stocks.
Microsoft Releases Bitcoin-Based ID Tool as COVID-19 'Passports' Draw Criticism
Microsoft’s Bitcoin-based decentralized identity tool, ION, just went live with a beta version on mainnet.
Russia's Economy Ministry Calls for 'Controllable Market' Rather Than Crypto Ban
The ministry argued the draft ban would be harmful for Russia's economy and citizens, and called for a softer stance.
Coca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines
More than 2,000 vending machines in Australia and New Zealand will let customers purchase Coke products using bitcoin.
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

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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DOT Sinks 2% After Breaking Key Support

The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.










