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Circle, issuer of the world's second-largest stablecoin USDC, unveiled a protocol update on Tuesday it says will reduce cross-chain settlement time from several minutes to a matter of seconds.The company's newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, will improve upon CCTP V1 "with a…
Circle has launched on Tuesday the upgraded version of its Cross-Chain Transfer Protocol (CCTP V2), a tool that facilitates USDC transfers across blockchains. The company said that the upgrade significantly cuts down transaction times to seconds from the typical 13-19 minutes on Ethereum and its Lay…
Today in crypto, Ethereum’s struggles continue as analysts predict Ether’s price could be set to drop even further as exchange-traded fund (ETF) outflows and macroeconomic fears continue to mount, Mt. Gox made its second Bitcoin move in a week, and cyberattackers target Elon Musk’s X.Ether risks cor…
StarkWare, the company behind the STARK proof that contributes to the development of Starknet, said it has established a "Strategic Bitcoin Reserve," holding a growing portion of its treasury in BTC, according to details shared with The Block.Valued at $8 billion in its last investment round, StarkW…
Second-largest token washed out all its gains made in 2024 and hit a low not seen since November 2023. It’s now down 55% from its recent high. 🤕 Ether Down Big TimeEthereum was on its way back from a low of $1,750 per token after crypto traders joined stock holders in a that bruised nearly every …
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- SpaceX's Starship spacecraft exploded in space on Thursday minutes after lifting off from Texas, prompting the FAA to halt air traffic in parts of Florida, in …
A report from the on-chain analytics firm Glassnode has revealed a Bitcoin price region that could prove to be crucial for the bulls.Several Key Bitcoin Metrics Are Pointing At The Same Price Range Right NowIn its latest weekly report, Glassnode has discussed the Bitcoin investor cost basis from var…
Sam Bankman-Fried’s crisis manager has reportedly quit following the FTX founder’s prison interview with Tucker Carlson published unannounced on Thursday, according to Business Insider. Mark Botnick, who started representing Bankman-Fried following the collapse of his cryptocurrency exchange FTX in …
Today in crypto, the Texas Senate has passed a bill to create a Bitcoin strategic reserve. Solana co-founder Anatoly Yakovenko said a US national crypto reserve could undermine decentralization. Meanwhile, defunct crypto exchange Mt. Gox has moved 12,000 Bitcoin amid a crypto market slump.Texas Sena…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Wednesday! The market seemingly continues to move in lockstep with every piece of U.S. crypto reserve news, while participants hope for some greater clarity from the Trump White House…
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Margaux Nijkerk, the Ethereum protocol reporter at CoinDesk.In this issue:Ethereum's Second Buggy 'Pectra' Test Could Lead to a Delayed UpgradeEthereum Foundation Picks New Co-Exe…
Bitcoin open interest (OI) has fallen to its lowest level since August, currently standing at 413,000 BTC ($36 billion), according to Glassnode data. OI represents the total funds allocated in outstanding futures contracts, effectively measuring the amount of leverage in the bitcoin system. Since t…