Strategy (formerly MicroStrategy) has given a strong response to the critical MSCI advisory process that could determine the fate of companies holding Bitcoin (BTC) as a strategic asset on their balance sheets. The company submitted its formal opinion against MSCI’s proposed plan to remove Digital Asset Treasury Companies (DATs) from its Global Investable Market Indexes,
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Stripe-Backed Blockchain Tempo Starts Testnet; Kalshi, Mastercard, UBS Added as Partners ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On Blockstream Connects Lightning and Liquid for
Financial technology firm Superstate has rolled out a new way for US Securities and Exchange Commission (SEC)-registered public companies to raise capital directly onchain. Through its Direct Issuance Programs (DIPs), any issuer registered with the SEC can now offer new shares on Ethereum and Solana, with investors paying in stablecoins and receiving tokenized shares instantly
Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company said in a press release Wednesday. The San Francisco-based startup said the funds will go toward building Surf 2.0, a
GameStop’s (GME) bitcoin stack was worth $519.4 million at the end of the third quarter (Nov. 1), with the company recording a $9.2 million loss digital asset holdings during the period. Bitcoin BTC$92,591.63 fell from roughly $115,000 to about $110,000 during the three months ended Nov. 1. The video game retailer likely continued to hold
Tether, the company behind the $186 billion USDT stablecoin, is moving further beyond its crypto roots with a privacy-focused health and wellness app. On Wednesday, the firm rolled out QVAC Health, built on its AI development platform and designed to bring control to users tracking their fitness, nutrition and biometric data across devices. The app
Key Takeaways Coinbase’s strategy chief predicts increased Bitcoin adoption among Eurozone countries following the Czech Republic’s move. The Czech Republic’s acquisition of Bitcoin marks a significant step for crypto in the European Union. John D’Agostino, Head of Strategy for Coinbase Institutional, says he expects more Eurozone countries to purchase Bitcoin following the Czech Republic’s move
Key Takeaways Polymarket users predict a 97% probability of a 25 bps Federal Reserve rate cut. There is near-unanimous consensus on Polymarket for a quarter-point cut before the FOMC decision. Polymarket users are forecasting a 97% probability that the Federal Reserve will cut interest rates by 25 basis points today. The decision will come in
SpaceX is working toward a stock-market listing that could value the company at around $1.5 trillion, making it the biggest public market offering by that metric, according to Bloomberg. If that happens, investors won’t just be buying into rockets and satellites. They’ll also be buying into a company that holds thousands of bitcoin and has
Key Takeaways Five major banks have approved Bitwise ETPs for wealth management in the past six months. This move increases mainstream financial institutions’ clients’ access to crypto investments. Five banks with assets ranging from $300 billion to $2 trillion each have approved Bitwise exchange-traded products for their wealth management clients over the past six months,