Chainlink’s native token LINK rose 7% in the past 24 hours on Wednesday, outpacing the broader crypto market as traders reacted to the debut of the first U.S.-listed spot Chainlink ETF. The Grayscale Chainlink Trust ETF (GLNK), converted from a closed-end fund and traded on NYSE Arca, generated $37 million in net inflows on its […]
7% surge as Grayscale ETF (GLNK) sees $37M inflow on first day Read More »
The state of Connecticut launched a legal salvo against sporting event contracts with a trio of cease and desist orders sent Wednesday to major prediction market operations – Robinhood, Kalshi and Crypto.com. The state Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, specifically sports betting.” Each of the companies is “hereby
Connecticut orders Kalshi, Robinhood and Crypto.com to cease sports betting Read More »
Fanatics is expanding beyond jerseys and collectibles into the world of real money prediction markets. The sports retailer announced Tuesday that it will launch its new platform, Fanatics Markets, in 24 U.S. states in phases over the coming days. The app, now available in 10 states and coming soon to major markets like California, Texas,
Polymarket and Kalshi get a new competitor in Fanatics Read More »
Bitcoin BTC$93,225.23 closely follows the difficulty regression model, according to checkonchain. This model estimates the overall production cost of maintaining the network. The model treats mining difficulty as a distilled measure of mining price, as it incorporates all major operational variables into a single figure. This provides an industry-wide estimate of the average cost of
Fair value stands at nearly $92.3,000 Read More »
Coinbase (COIN) is partnering with some of the largest banks in the United States on pilot programs involving stablecoins, custody and trading of cryptocurrencies, CEO Brian Armstrong said Wednesday at the New York Times DealBook Summit. “The top banks see this as an opportunity,” Armstrong said in a discussion alongside BlackRock CEO Larry Fink. He
Coinbase (COIN) Brian Armstrong urges Wall Street not to get left behind Read More »
Welcome to The Protocol, CoinDesk’s weekly roundup of the most important stories in cryptocurrency technology development. My name is Margaux Nijkerk, journalist at CoinDesk. In this issue: Ethereum Developer Preparation for Fusaka, Second Upgrade of 2025 Anthropogenic Research Shows AI Agents Getting Closer to True DeFi Attack Capability Ethereum Developers Push ZK ‘Secret Santa’ System
Ethereum prepares for the next Fusaka upgrade Read More »
Filecoin climbed 2% to $1.57 over the past 24 hours, posting modest gains that followed broader movements in the cryptocurrency market. The broader market gauge, the CoinDesk 20 Index, rose 1.6%. The token’s volume remained subdued at just 9.7% above the seven-day average, according to CoinDesk Research’s technical analysis model. The price action showed Filecoin’s
Filecoin (FIL) rises 2.2% as crypto markets recover Read More »
Crypto asset management firm Bitwise said Ethereum’s Fusaka upgrade, which is expected to go live later Wednesday, is the kind of quiet infrastructure change that markets tend to overlook in real time, then later credit for making the network stronger and more investable. The upgrade is constructive for Ethereum over time because it increases capacity,
What Investors Need to Know About Ethereum’s Fusaka Upgrade: Bitwise Read More »
Ether treasury company ETHZilla (ETHZ) said it purchased 20% of Karus, an AI-powered auto lending platform, in a deal valued at $10 million. The deal marks ETHZilla’s entry into the US asset-backed securities market using blockchain to tokenize real-world credit, the company said in a press release. Karus specializes in AI models that analyze risk
ETHZilla buys 20% of AI lending platform Karus in $10M deal to tokenize auto loans Read More »
Blackrock, the world’s largest asset manager, has outlined its vision for 2026, and beyond its bearish outlook for U.S. bonds and the world’s largest economy, it’s a bullish model for institutional crypto adoption. The U.S. federal debt will surpass $38 trillion, setting the tone for a market outlook defined by the fragility and failure of
BlackRock’s 2026 AI report is bullish on digital assets and bearish on the US economy Read More »
