Share this article

Bitcoin News Roundup for Aug. 18, 2020

With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:45 a.m. Published Aug 18, 2020, 4:00 p.m.
Markets Daily Front Page Adam Lyllah

With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's stories:

Bitcoin Holding Sentiment Strongest in Nearly Two Years

The amount of bitcoin held on crypto exchanges is down to a 21-month low, a sign investors are feeling bullish.

Bitcoin Passes $12K, Dollar Worries Grow, OMG Jumps, Portnoy's Orchid #Pump

It's been a busy time with bitcoin rising to a new key level, Warren Buffett buying a gold miner and ethereum classic's possible delisting.

Heavy Rainstorms in China Are Hurting Bitcoin's Hashrate

Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.

Binance Charity Pledges $20K to Beirut Explosion Relief Efforts

Binance's charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon's capital earlier this month.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

More For You

Protocol Research: GoPlus Security

GP Basic Image

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.

More For You

State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana in 2026

State Street building in London (Danny Nelson/CoinDesk)

The fund will run on Solana at launch and use PYUSD.

What to know:

  • State Street and Galaxy plan to launch SWEEP in early 2026, using PYUSD for around-the-clock investor flows on Solana.
  • Ondo Finance committed about $200 million to seed the tokenized liquidity fund, which will later expand to other chains.
  • The firms say the product brings traditional cash-management tools onto public blockchains for qualified institutions.