The Protocol: Polygon, Once a Scaling Leader, Eyes a Revamp

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech & Protocols team. In this issue: Sandeep Nailwal Takes Control of Polygon Foundation, Charts New Course, Retires ZkEVM Ethereum Foundation Unveils New Treasury Policy With...
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Will Hamster Kombat price recover after falling 90%?

Hamster Kombat token crashed to a record low on Thursday, capping the downfall of one of the most prominent players in the tap-to-earn industry. Hamster Kombat (HMSTR) plunged to $0.0010, down 89% over the past year. The token’s market capitalization…...
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Bitcoin Wobbles At $107,000: What Does Technical Analysis Say?

Crypto analysts Benjamin Cowen and DonAlt have presented diverging views on Bitcoin’s (CRYPTO: BTC) trajectory following its recent price movements, with one warning of a cycle top and the other eyeing continued upside. Bearish Case: Has Bitcoin Already Peaked? Cowen highlighted a historically reliable indicator: the 200-week simple moving...
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RESOLV price crashes after initial rally: what’s going on?

After posting double-digit gains fueled by a Binance listing, massive airdrop, and multi-exchange debut, RESOLV,the governance and rewards token of the Resolv stablecoin protocol, has plunged over 20% today. RESOLV (RESOLV) dropped sharply on Thursday, falling from a daily high…...
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Bitcoin War: Michael Saylor Dares JPMorgan And Warren Buffett To Bring It On

Michael Saylor doesn’t seem bothered about other big companies joining the Bitcoin bandwagon. Speaking on Bloomberg Crypto alongside Matt Meilier and Katie Greifeld, the MicroStrategy (rebranded to Strategy) executive chairman made it clear that he’s not losing sleep over JPMorgan or Warren Buffett. In fact, he sounded ready for...
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These Altcoins to Go Live on Coinbase Today: How Will Prices React?

TL;DR Coinbase’s latest listing efforts triggered a price increase for some cryptocurrencies. However, the rally was short-lived, and the involved ones erased much of the gains in the past several hours. The Latest Additions The US-based cryptocurrency exchange Coinbase officially added support for three digital assets: PancakeSwap (CAKE) on...
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AVAX Rebounds From Key Support After 6% Plunge

Avalanche AVAX found support after a substantial decline on the short-term, according to CoinDesk Research’s technical analysis model. The token is down 5.6% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins...
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