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: Monad Opens Airdrop Portal Ahead of Token Launch …
Crypto Education
Key takeaways: CME’s futures open interest in the top four cryptocurrencies reached $28.3 billion, surpassing Binance’s $23 billion and Bybit’s $12.2 billion. Despite CME’s lead in open interest, unregulated exchanges still dominate trading volumes, …
Crypto Black Friday’s record liquidations erased $19 billion in positions, exposing transparency gaps between centralized and decentralized venues. As Binance stumbled, Hyperliquid held firm, making the 10.10 crash crypto’s biggest stress test since FTX. …
A customer just bought a coffee using bitcoin at Compass Coffee. This reportedly marked the first-ever Square terminal in the world to accept bitcoin. The pilot launch, showcased during DC Fintech Week, was made …
Eric Trump, son of U.S. President Donald Trump and a co-founder of decentralized finance protocol WLFI$0.1392, said he is actively working on a real estate tokenization project tied to a building currently under development. …
CZ announced that Binance’s campaign to airdrop $45 million to liquidated traders is complete. This has encouraged community praise, while some leaders raise important questions. The airdrops were in BNB, and this measure directly …
In brief Volatility Shares has filed to launch crypto ETFs that would give investors amplified exposure to Bitcoin, Ethereum, Solana, XRP, and various stocks. Such ETFs use leverage to maximize returns for investors. But …
In brief Zhimin Qian defrauded over 128,000 individuals in a fake investment scheme, stealing $6.8 billion and converting it into Bitcoin. The UK government seized it from 2018 to 2021, after Qian entered the …
What the Trial Related to a MEV Bot Exploit Means for the Industry
Opening arguments in the criminal trial for two brothers allegedly responsible for using maximal extractable value (MEV) bots to perpetuate a multimillion-dollar exploit kicked off on Wednesday. Anton and James Peraire-Bueno appeared in a …
Bitcoin Mining Stocks Are Ripping: BTDR, CIFR, IREN and CLSK Among Winners
Bitcoin Magazine Bitcoin Mining Stocks Are Ripping: BTDR, CIFR, IREN and CLSK Among Winners Bitcoin mining stocks have been on the rise in recent months, and today’s gains continue that momentum. This sector-wide rally …