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Bitcoin News Roundup for Aug. 5, 2020
With BTC pushing towards $12,000 and gold at record highs, CoinDesk's Markets Daily is back for your crypto news roundup!
Updated Sep 14, 2021, 9:40 a.m. Published Aug 5, 2020, 4:00 p.m.
With BTC pushing towards $12,000 and gold at record highs, CoinDesk's Markets Daily is back for your crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
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Bitcoin Price Rises 3% as Gold Trades Above $2K for First Time
Bitcoin is again acting like a macro asset, drawing bids amid record rally in gold and broad-based U.S. dollar sell-off.
Square Reports 600% Increase in Quarterly Bitcoin Revenue
Jack Dorsey's Square has seen one of the largest quarterly increases yet for its bitcoin business.
Square Crypto, Human Rights Foundation Ramp Up Bitcoin Development Grants
Square Crypto and the Human Rights Foundation are continuing their support for an open-source Bitcoin developer community with new contributor grants.
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More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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