News from Web3, Bitcoin and crypto crurrency launches and market updates
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. This is Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech team. In this issue: Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle Provider Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share Ethereum’s Next Upgrade ‘Fusaka’ Could […]
ADA’s Charles Hoskinson wants crypto’s tribal warfare to end, and he’s prepared to drop tokens on 37 million wallets across eight different blockchains to make peace. “Every Consensus, there’s a new token… running around saying, ‘my thing is better than your thing,’” Hoskinson said on stage at Consensus 2025 in Toronto. “The Nash equilibria is […]
Bitcoin’s (BTC) long-term potential remains largely untapped, according to Dan Morehead, founder and CEO of Pantera Capital, who took the Mainstage at Consensus 2025 in Toronto on Wednesday. “There are a couple more decades to go of outsized returns in bitcoin,” Morehead told the audience, underscoring Pantera’s ongoing conviction in the asset class. Morehead offered […]
U.S. President Donald Trump’s crypto ventures, including the launch of his TRUMP memecoin in January, have complicated bipartisan efforts to get stablecoin legislation passed, Rep. French Hill, a lawmaker at the center of the industry’s crypto efforts in Washington, said Wednesday at Consensus 2025 in Toronto. However, Hill — chairman of the House Financial Services Committee, […]
Top House Democrats sent a letter to the U.S. Treasury Department Wednesday, asking its money laundering watchdog to hand over all suspicious activity reports (SARs) tied to President Donald Trump’s crypto ventures. In a letter sent to Treasury Secretary Scott Bessent, Reps. Gerald Connolly (D-Va.), Joe Morelle (D-N.Y.) and Jamie Raskin (D-Md.) — the ranking […]
DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial. The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for […]
EToro could set pricing on its initial public offering (IPO) at a much higher level than the marketed range, people familiar with the matter told Bloomberg. The company planned to offer 10 million shares for $46 to $50 each, based on a previous filing, but received significantly more demand than shares available, according to the […]
The Gibraltar government said it plans to establish the world’s first rules for the clearing and settlement of crypto derivatives, creating a regulatory framework to improve market integrity and reduce key risks. Working with the Gibraltar Financial Services Commission (GFSC) and crypto exchange Bullish (whose owner, Bullish Group, is also the parent of CoinDesk), the […]
Andrew Peel has left his role as Morgan Stanley’s (MS) head of digital asset markets to launch a crypto investment and tech firm in Zug, Switzerland, Bloomberg reported Tuesday. The venture will focus on tokenized funds and trading tools bridging traditional finance and DeFi, according to Bloomberg. Peel, a former Credit Suisse trader who joined […]
Within a decade, bitcoin will replace U.S. dollar dominance and become the standard currency underpinning the international economy, according to billionaire venture capitalist Tim Draper. “10 years, something like that. It may be a little less,” Draper said in a wide-ranging Spotlight interview with CoinDesk. Draper reiterated his prediction that bitcoin will rise to $250,000 […]
In another addition to the old Wall Street maxim of “buy the rumor, sell the news,” bitcoin (BTC) has headed lower after the U.S. and China announced at least a temporary truce in their trade war. Bitcoin had been pumping higher since bottoming just under $75,000 in the days following President Trump’s early April Liberation […]
The last time ICON (ICX) was making headlines, it was at the height of the ICO bubble when it was competing with Tron and Filecoin to buy BitTorrent in a high-profile bidding war. ICON, once heralded as the “Korean Ethereum,” peaked early in 2018 but later struggled to retain relevance amid fierce competition and a […]