Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller, managing editor at CoinDesk.In this issue:Ethereum’s Pectra upgrade Goes LiveAvalanche Visa card launchedEthereum F

On Feb. 25, Aya Miyaguchi announced her transition from Executive Director to President of the Ethereum Foundation (EF), a decision she made a year ago.“These past few weeks have illuminated something profound about Ethereum — a truth that becomes cl

Amid the market retrace, Solana (SOL) saw a massive correction that dragged its price to a five-month low. If SOL fails to reclaim its key support levels, some market watchers predict the altcoin risks further bleeding.Solana Sentiment Plummets To Ye

Enjin Coin has announced the upcoming Matrixchain upgrade scheduled for March 24 at 16:00 UTC.This upgrade follows the successful completion of the Enjin Bugis Upgrade (Relaychain) and is expected to bring further enhancements to the blockchain infra

Solana's native token, SOL , dropped to $131.90 on Feb. 25, marking its lowest point in five months. The unexpected correction triggered more than $129 million in leveraged long SOL futures positions. Despite briefly recovering to the $140 level, SOL

Celo has announced that Marek Olszewski, co-founder of Celo, will participate in the “Modular and L2 Solutions for 2025” panel at DeFi World during ETHDenver. The discussion will focus on scaling Ethereum and its real-world impact in 2025 and beyond.

AIOZ Network will release a new roadmap.AIOZ InfoAIOZ Network is a distributed Content Delivery Network (CDN) built on its unique blockchain. It aims to revolutionize the way video streaming is done worldwide by utilizing users' redundant memory, sto

As the new week begins, Ethereum (ETH)—the second-largest cryptocurrency by market capitalization—has seen a significant decline, dropping nearly 10% below the critical support level of $2,500. However, amidst this downturn, prominent crypto analyst

Major crypto assets retreated as broad macro challenges dented optimism for growth in high-risk spaces. 🔥 Bitcoin Sinks 9%, Ether Doubles ItBitcoin prices sank 9% to trade under $89,000 early Tuesday as worn-out crypto traders had little to hold on

Bitcoin’s price action took a turn for the worse over the past day as the asset plunged below $88,000 for the first time since mid-November.The altcoins have performed even worse over the same period, with massive double-digit price declines from ETH

Ether's 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO.On-chain data shows three MakerDAO positions will be liquidated w

U.S. spot Bitcoin exchange-traded funds witnessed over half a billion dollars worth of net outflows on Monday — the fifth-largest since their launch in January 2024.Fidelity's FBTC led the net outflows with $247 million leaving the fund, followed by

TL;DRThe Chances Are RisingOver the past few months, there has been a bunch of companies displaying their intentions to launch spot crypto exchange-traded funds (ETFs) in the United States. Among the most active entities in this field is the world’s

Crosschain trading protocol Chainflip has implemented an emergency software upgrade to prevent hackers from moving funds stolen in the $1.4 billion Bybit exploit. The move follows the Feb. 21 Bybit hack, the largest crypto exchange breach in history.

Ethereum is facing its worst February in years, with prices plummeting as low as 25% amid mounting uncertainty.The cryptocurrency dumped to a multi-week low of just over $2,300 hours ago before staging a minor recovery.A Red FebruaryAccording to Spot

Ether has dropped by over 14.30% in the last 24 hours to reach around $2,330 on Feb. 25, its lowest point since the month’s beginning.The ETH price downturn comes amid several negative fundamentals, such as:US President Donald Trump’s renewed tariff

Crypto exchange eXch has denied laundering money for North Korea’s Lazarus Group following a $1.4 billion Bybit hack on Feb. 21. In a Feb. 23 statement to the Bitcointalk forum, the eXch team said the exchange is “Not laundering money for Lazarus/DPR

Bybit CEO Ben Zhou said that the exchange will try all available means to get the stolen funds back — including a bounty program for anyone aiding in the return of the funds, working with law enforcement, and talking with the Ethereum Foundation to e

Cryptocurrency exchange Bybit has fallen victim to the largest hack in history, with North Korea’s state-sponsored hacking group Lazarus identified as the prime suspect behind the over $1.4 billion exploit on Feb. 21.Despite the severity of the breac

Franklin Templeton filed for an exchange-traded fund on Friday.The fund will hold Solana as its primary asset, stored securely by Coinbase Custody Trust Company. It will also have a separate custodian for cash holdings.The ETF’s shares, which represe