Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories of the technological development of cryptocurrencies. We are Margaux Nijkerk and Sam Kessler, the Tech & Protocols team from Coindesk.
In this issue:
- Sandeep Nailwal takes control of the Polygon Foundation, a new class graphic, withdraws Zkevm
- The Ethereum Foundation unveils a new cash policy with 15% OPEX ceiling
- Bitcoin Core 30 to increase the OP_return data limit after the end of the developer’s debate
- Plume Lance Genesis Mainnet to provide real assets to deffi
Network news
Sandeep Nailwal takes control of the Polygone Foundation, withdraws ZKEVM: The co-founder of Polygon, Sandeep Nailwal, officially assumed the role of CEO of the Polygon Foundation, marking a pivot in the composition of leadership of the organization and a radical overhaul of the long-term roadmap of the network. Nailwal, who launched the project in 2017 while his name was still Matic Network, will consolidate control and redirect the team to Aggayer – the new transversal Liquidity Protocol of Polygon which promises transparent interoperability in networks. The Foundation will also retire ZKEVM, the Rollup network of Polygon. “This renewed control marks the start of a strategic thrust for Polygon to recover its position at the vanguard of web3,” the team wrote in a press release shared with Coindesk – Marguax Nijkerk Learn more.
The new Treasury policy of the Ethereum Foundation: The Ethereum Foundation has published an updated cash policy, describing a series of new plans around token sales, Fiat purchases and transparency practices designed to guarantee “the agency, sustainability and legitimacy” in the long -term organization. The EF, a Swiss non -profit organization, plays a central role in the Ethereum blockchain ecosystem. In addition to using researchers, manufacturers and community connections, the Foundation has obtained a great task of ether tokens (ETH) at Ethereum d’Ethereum which he uses to finance his operations and support other projects in the ecosystem. In a blog article, the Foundation said that it planned to appoint 15% of its treasury each year to operational expenses (“OPEX”), with a 2.5 -year -old stamp kept at any time in its reserves. “We intend to reduce annual OPEX almost linearly over the next five years, ending at a long -term basic line of 5%,” wrote the Foundation. “This policy reflects our conviction that 2025-26 is likely to be essential for Ethereum, justifying an improved concentration on critical deliverables.” – Margaux Nijkerk Learn more.
Bitcoin Core 30 to increase the OP_return data limit: Bitcoin Core developers, the main open source software to connect the blockchain behind the largest cryptocurrency in the world, said the version of version 30 of October will increase the default limit for OP_Tern data transactions from 80 current bytes to almost 4 MB, a limit imposed by the size of the Bitcoin block. The proposal for a change, which was confirmed in an update on Github, had sparked a debate within the Bitcoin community. Critics have argued that the abolition of the limit could encourage increased integration of arbitrary data, potentially leading to a network spam and a passage from the main Bitcoin function as a financial tool. – Sam Reynolds Learn more.
Plume Mainnet makes lives: Plume, a blockchain network, focused on active world, announced the launch of its highly anticipated Genesis Mainnet. The launch, according to a press release shared by the Plume team, marks the “next generation” of Defi supported by assets – traditional financial instruments, or real assets (RWA), so that they can interact with financial tools based on blockchain. RWA has taken over the world of blockchain because they are considered a market that could be worth billions of dollars with traditional financial institutions that regularly plunge into the crypto. – Margaux Nijkerk Learn more.
In other news
- SAFE, the popular multi -party crypto portfolio previously called Gnosis Safe, launched a new development unit, Safe Labs, in a movement aimed at consolidating its operations and refining its product roadmap after its target in Bybit’s piracy of 1.4 billion dollars in February – the largest crypto shipto to date. In addition to the change, SAFE builds a more “opinion” V2 of its platform targeting corporate customers. – Sam Kessler Learn more.
- Morpho, a cryptocurrency loan protocol without authorization, has revealed an update that aims to further align decentralized finance (DEFI) with traditional loans bringing more in terms of tailor-made and predictable loan conditions. Morpho V2 offers fixed rate loans and for fixed -term duration with customizable terms, invisible features in DEFI, which are necessary to meet the requests of institutions and companies that seek to build or migrate financial products in mind, Morpho said in a press release on Thursday. Ian Allison Learn more.
Regulation and Policy
- The American Commission for Securities and Exchange is working on the policy aimed at exempting decentralized financing platforms (DEFI) from regulatory obstacles, said President Paul Atkins. Software developers building DEFI tools have no business to blame the way they are used, Atkins and other SEC Republicans have supported the Five Crypto round tables who have been held at the agency from the turnover of managers under President Donald Trump. The president told a round table of experts in which he ordered the SEC staff to seek changes on agency rules “to provide the accommodation necessary for issuers and intermediaries to seek” Atkins has qualified this exemption relief potential “an exemption from innovation” which allowed the Entities of the SEC jurisdiction to provide the “quickly” market. – Jesse Hamilton Learn more.
- The international unit of the owner of Alipay Ant Group plans to search for Stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday. Ant International will request a stablecoin issuer license once the regulatory regime has come into force in August, according to the report, citing people familiar with the issue. The company also plans to request a similar license in its native Singapore, as well as Luxembourg. – Jamie Crawley Learn more.
Calendar
- June 8-22: Berlin Blockchain Week, Berlin
- June 24-26: without permission, Brooklyn
- June 30-July 3: ETHCC, Cannes
- July 16-18: Web3 summit, Berlin
- September 22-28: Korea Blockchain Week, Seoul
- October 1-22: Token2049, Singapore
- November 17-22: DevConnect, Buenos Aires
- December 11-13: Solana Breakpoint, Abu Dhabi
- February 10-12, 2026: consensus, Hong Kong
- May 5-7, 2026: consensus, Miami
