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…
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%…
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…
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…
Top-tier cryptos are becoming less appealing to investors looking for outsized returns. This shift is fueling renewed interest in early-stage tokens like Bitcoin Pepe. Bitcoin Pepe’s presale has raised over $14.1 million. The BPEP token is priced at 0.416. Bitcoin held firm above the $107,000 level on Thursday, trading at $107,651.49, though early signs of…
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…
Polygon token POL (formerly MATIC) price rose to highs of $0.24 on Wednesday. Gains came as Polygon co-founder Nailwal Sandeep announced he had taken control as the new Polygon Foundation CEO. Overall crypto bounce also helped POL price higher. The Polygon ecosystem token, POL (formerly MATIC), has seen a notable price increase in the past…
Interactive Strength is building a $500M AI crypto treasury with Fetch.ai’s $FET token. ATW and DWF Labs have backed the initiative with an investment of $55 million. Interactive Strength has also chosen BitGo to handle the custody and trading of its $FET holdings. Interactive Strength Inc. (Nasdaq: TRNR), a US-listed fitness equipment manufacturer known for…
