BJ Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: Vitalik Buterin Proposes Replacing Ethereum’s EVM With RISC-V Matter Labs, ZKsync Developer, Sued for Alleged Intellectual Property Theft Scroll’s Euclid Upgrade Pushes It Into ‘Stage … Read more
Over the past several years, global discourse around blockchain has been dominated by the United States — its legislative gridlock, inter-agency turf wars, and intermittent moments of regulatory clarity. As the U.S. continued to grapple with its internal contradictions, other jurisdictions have sought to fill the void. Switzerland, Singapore, Hong Kong, Dubai, and Gibraltar positioned … Read more
TRUMP, marketed as Donald Trump’s official crypto token, rallied on Wednesday as an invitation to a dinner event with the U.S. President for token holders appeared on the project’s website. “Join President Donald J. Trump at his Private, Members-Only Club in Washington, D.C. for Dinner!,” a banner about the event on the project’s website said. … Read more
Shares of Sol Strategies (HODL), a Toronto-listed digital-asset firm, jumped after the company said it secured an up-to $500 million convertible note facility to ramp up its investments focused on the Solana network. The capital will be exclusively used for purchasing SOL tokens and expand the firm’s blockchain validator operation, the company said in a … Read more
A project aiming to expand Bitcoin’s utility is tackling the collateral requirements of bridging the blockchain to programmable layer 2s. Rollup project Citrea deployed its Clementine Bridge on the Bitcoin testnet. The bridge uses the BitVM2 programming language to expand the provision for decentralized finance (DeFi) on Bitcoin, by using it to verify layer 2s … Read more
In an earlier piece, I introduced the concept of the “Shopification of Wealth”, or the idea that on-chain rails can lower the barriers to entry and radically scale operations for financial advisors and wealth managers. Just as Shopify enabled anyone to launch a retail business online, crypto is enabling a new generation of investment professionals … Read more
They call him “El Presidente.” But unlike the other President, Dave Portnoy draws a line at launching a memecoin. He worries his followers will lose their shirts. “I got involved in memecoins because I wanted to launch a Barstool memecoin, but I didn’t want my fans and followers to lose money,” he said in an … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) has finally surpassed a key resistance that limited recovery rallies earlier this year, after rising over 5% to $93,500 in 24 hours. The leading digital asset by market value has topped the “Ichimoku Cloud,” confirming a bullish shift … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Traders shorting Strategy (MSTR), the bitcoin buyer whose share price gained 13% in March, may be struggling to find enough stock to repay the lenders who underpinned their bets the company’s value would fall. More than $180 million worth of trades in MSTR … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2759.21, up 4.7% (+124.59) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: SUI (+18.5%) and AAVE (+9.4%). Laggards: BCH (+0.8%) and LTC (+1.7%). The … Read more
