The Protocol: Polygon, Once a Scaling Leader, Eyes a Revamp

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech & Protocols team. In this issue: Sandeep Nailwal Takes Control of Polygon Foundation, Charts New Course, Retires ZkEVM Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap Bitcoin Core 30…

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hbar price

HBAR price dips 6.43% as volatility brews and CMF turns bearish

The Chaikin Money Flow is in negative territory, showing bearish capital flows. Squeeze Momentum Indicator hints at upcoming price volatility. Reclaiming $0.180–$0.188 may signal trend reversal, but outlook remains cautious. HBAR has reversed its earlier gains this week, dropping 6.43% in the last 24 hours and settling at $0.1679. The altcoin’s short-lived rally of 13%…

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Stablecoins could top $2 trillion by 2028, says Treasury Secretary Bessent as US moves to regulate sector

The US stablecoins market represents 96% of the global $247 billion market. The GENIUS Act cleared a key hurdle this week after passing a cloture vote in the US Senate. Bessent told senators that stablecoins represent a “new mechanism” to reinforce the US dollar’s global position. The US stablecoin market is heading for a regulatory…

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Bitcoin Pepe price outlook as Swedish firms plans major BTC acquisition

Bitcoin’s expanding institutional adoption continues to anchor sentiment across the broader crypto market. Bitcoin Pepe’s presale has raised more than $14.1 million. The BPEP token is currently priced at 0.0416. The global cryptocurrency market capitalisation fell 1.77% over the past 24 hours to $3.39 trillion, marking a technical pullback from recent highs that had acted…

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Ether outperforms Bitcoin in May; ETH derivatives volume surpasses BTC on OKX

Ether (ETH) at $2,770, up nearly 11% this month, outperforming Bitcoin’s (BTC) 5% rise. ETH (45.2%) now overshadows BTC (38.1%) in trading volume on OKX’s perpetual futures market. Despite BTC volatility, institutions are “buying the dips,” with long-term holder supply growing, per Glassnode. As Asian markets kicked off their Thursday trading, Ether (ETH) was changing…

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