Ethereum scaling plans and network applications should start supporting the network’s native ether (ETH) to further bump value for the asset, co-founder Vitalik Buterin wrote in a post on Friday. “We should pursue a multi-pronged strategy, to cover all major possible sources of the value of ETH as a triple-point asset,” Buterin said as part … Read more
Shaurya Malwa Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, … Read more
Bitcoin (BTC) held steady during Friday’s Asian hours after Bank of Japan (BOJ) lifted the benchmark borrowing cost to the highest in 17 years while raising inflation forecasts. “If the outlook presented in the January Outlook Report will be realized, the Bank will accordingly continue to raise the policy interest rate and adjust the degree … Read more
The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121. SAB 121 directed banks and other public companies that they had to mark any customers’ crypto assets on their own balance sheets. SAB 122 “rescinds the interpretive guidance” and instead directs firms to use Financial Accounting Standards … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor. In this issue: DAO governance tool merger Ethereum Foundation drama Stablecoin USDh comes to Bitcoin $25 million grant program for DePIN Network News DAO GOVERNANCE PLATFORM ACQUIRES RIVAL: Agora, a blockchain … Read more
Senator Elizabeth Warren is calling foul on President Donald Trump’s meme coin, pressing for the U.S. Office of Government Ethics and financial regulatory agencies to dig into the ethical and regulatory details around the $TRUMP token. Warren, who is the top Democrat on the Senate Banking Committee that oversees U.S. financial regulators, says the assets, … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin and most major cryptocurrencies are weaker after Chicago Mercantile Exchange, a proxy for institutional activity, denied reports of listing futures tied to XRP and SOL. Traditional markets are also holding their breath for the expected Bank of Japan interest-rate increase on Friday. Despite BTC’s continued … Read more
Binance Labs, the former investment arm of exchange giant Binance, gets a major overhaul under a new name, YZi Labs, with former Binance CEO Changpeng “CZ” Zhao being closely involved in the operations, the firm announced on Thursday. The rebrand means that the investment firm turns from being the exchange’s venture capital arm into the … Read more
The outlook for bitcoin (BTC), the world’s largest cryptocurrency, is positive, and its price is expected to remain elevated in 2025, German lender Deutsche Bank (DB) said in a report Wednesday. A more favorable regulatory and political backdrop in the U.S., growing institutional adoption, and looser Federal Reserve monetary policy, are all expected to support … Read more
Singapore-based cryptocurrency exchange Phemex has said that it is “looking into” reports of a hack after one of its hot wallets was drained for $29 million worth of crypto tokens. Crypto security firm Cyvers reported “multiple suspicious transactions” from the Phemex hot wallet across multiple blockchains. The funds were swapped for ether (ETH). “As we … Read more