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Bitcoin News Roundup for June 25, 2020
Bitcoin options have a big day coming up, NYC born rapper Ja Rule teams up with Ethereum-based Roll and more in this edition of Markets Daily, from CoinDesk
Updated Dec 6, 2022, 6:28 p.m. Published Jun 25, 2020, 4:02 p.m.
Bitcoin options have a big day coming up, New York City-bornrapper Ja Rule teams with Ethereum-based Roll and more in this edition of Markets Daily, from CoinDesk.
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This episode is sponsored by Bitstamp and Ciphertrace.
Today's stories:
Bitcoin Options Market Faces Record $1 Billion Expiry on Friday
The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday.
This Startup Is Forking Compound to Make Hiring More Efficient
Braintrust launched out of stealth mode Wednesday, backed by a $6 million seed round featuring True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures and Vy Capital.
Ultra-Rich Monaco Wants to Fund Social Impact Projects With Security Tokens
Monaco’s Office of Digital Affairs has signed a memorandum of understanding (MoU) with Luxembourg-based blockchain startup Tokeny.
'Social Money' Startup Inks Deal With Rapper Ja Rule, Releases Song With Lil B
Ja Rule has inked a deal with Roll, an Ethereum-based protocol that allows content creators to control their own platforms using personal crypto tokens.
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- 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 gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
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