Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Ethereum At 10: Where Next For The World Computer? Linea to Burn ETH With Every Transaction in Bold L2 Upgrade Solana Players Unveil ‘Internet Capital Markets’ Roadmap Square
As the Fed prepares to announce its interest rate decision this evening, it finds itself under historically intense political pressure. US Treasury Secretary Scott Bessent, speaking ahead of the meeting, said the Fed was not expected to cut interest rates today. He also said the Fed needed to “show some imagination” and reiterated that it
Twenty One Capital, the bitcoin BTC$117,920.52 treasury firm backed by Tether and Softbank, plans to add 5,800 BTC to its reserves ahead of a public listing through its merger with Cantor Equity Partners, the firm said Tuesday. The contribution, led by Tether as part of an existing arrangement, would bring Twenty One’s total holdings to
Daehong Communications, a subsidiary of Lotte Group, one of South Korea’s leading conglomerates, announced the launch of a new “money movement” focused blockchain ecosystem on the Aptos blockchain. At the time of writing, the price of Aptos (APT) was trading around $4.53. Lotte Group Subsidiary Daehong Communications Launches Blockchain Ecosystem on Aptos In the first
Public companies are no longer sitting on their Bitcoin and waiting. They’re putting it to work. More than 160 listed firms have now stacked up over 300,000 Bitcoin. But instead of just holding, they’re chasing yield. They’re lending, staking, writing options, and even buying NFTs to squeeze every bit of value out of their crypto.
Nine days ago, bitcoin was selling at its steepest discount of the year in South Korea. While the discount hasn’t disappeared, the price gap has been shrinking ever since. Korean Bitcoin Market Seems to Be Recovering From Deepest Discount of the Year Bitcoin (BTC) usually fetches a premium in South Korea, but that trend flipped
Bitcoin traders are watching the Federal Reserve closely today following a pattern of strong price moves after past FOMC meetings. Specifically, prominent market analyst Merlijn The Trader posted on X that “Bitcoin loves FOMC,” noting that 5 out of the last 7 meetings resulted in upside movements. Data from an accompanying chart confirms this disclosure,
Coinbase’s Ethereum layer-2 network Base has overtaken Solana as the top ecosystem for launching memecoins, buoyed by a surge in token creations on the Zora platform in recent weeks. On Wednesday, Zora alone accounted for 23,419 newly launched tokens, surpassing both LetsBonk and Pump.fun, two of Solana’s most active launchpads, according to blockchain data tracked
“Digital Energy.” That was Michael Saylor’s entire post, and it arrived less than 24 hours after his company moved over $2.5 billion into Bitcoin. Strategy had just completed a massive preferred stock offering – STRC Series A – pulling in $2.521 billion, all of which was immediately converted into 21,021 BTC at an average cost