Nasdaq-Listed SoFi Taps Bitcoin Lightning for Remittances
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk & Jamie Crawley, reporters at CoinDesk. In this issue: Nasdaq-Listed SoFi Taps Bitcoin Lightning for Remittances Bitcoin DeFi Project Enters Solana with BTC-Backed Token YBTC Valantis Acquires stHYPE, Expanding Liquid...
Read More
Crypto Is ‘Nothing To Be Afraid Of’ Says Fed Governor Chris Waller
JACKSON HOLE, Wyo. — Federal Reserve Governor Chris Waller preached that there is “nothing scary” about digital asset innovations, during a speech in Jackson Hole on Wednesday — the second high-ranking Fed official to praise the sector this week. “There is nothing to be afraid of when thinking about...
Read More
Market Structure Bill Will Be Before President Trump by Thanksgiving, Says Sen. Lummis
JACKSON HOLE, Wyo. — U.S. Senator Cynthia Lummis (R-Wyo.) said that a final draft of crypto market structure legislation will be presented to U.S. President Donald Trump before Thanksgiving — notably, some time after Sen. Tim Scott’s previous Sept. 30 deadline. “We will have it on the President’s desk...
Read More
24/7 Settlement: Why Instant Liquidity Changes Everything
Emails race across the globe in milliseconds, yet money still moves at a crawl. It can take days to make payments, especially cross-border — longer over weekends or holidays. The result? Trillions of dollars are trapped where they can’t earn yield. This inefficiency is more than an inconvenience —...
Read More
Strategy Tumbles Below 200-Day Moving Average as Shares Continue to Underperform Bitcoin
Strategy (MSTR) fell to as low as $326 on Wednesday, trading about 4% below the 200-Day Moving Average (DMA) of $340, a key level markets watch for trading ideas. The indicator is a widely used technical measure that smooths out price data over roughly nine months of trading, helping...
Read More
Crypto World Petitions Trump to Push Quintenz’s CFTC Nomination in Ongoing Saga
After President Donald Trump’s administration stepped in to delay the confirmation of his own pick to run the Commodity Futures Trading Commission, a mostly united crypto industry is now stepping out to cheer on the nominee, Brian Quintenz, sending the president a letter urging a quick approval. The confirmation...
Read More
Bitcoin, Ethereum Bounce To $114,000 And $4,300: Was This The Dip?
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are testing crucial support levels following sharp corrections from recent highs, with traders closely monitoring whether these zones hold or break. What Happened: Crypto chart analyst Ali Martinez noted that capital inflows have dropped 24% in three weeks, from $86 billion to...
Read More
XRP Price Crashes After SEC Denies XRP ETFs, What Are The Next Important Dates?
The XRP price is crashing following reports that the United States (US) Securities and Exchange Commission (SEC) has temporarily denied applications for XRP ETFs. The postponed rulings continue to add to investor uncertainty, with the regulator setting the next key dates for October 2025. US SEC Delays XRP ETF...
Read More
OKB price is rallying again: here’s why it may crash to $65
OKB price surged by 15% today, August 20, resuming an uptrend that started last week when OKX announced a massive token burn. OKB (OKB) soared to a high of $140, up 220% from its lowest point this year, bringing its…...
Read More
Goldman Sachs Projects Stablecoin Market Could Reach Trillions
Goldman Sachs (NYSE:GS) expects the global stablecoin market to expand into the trillions of dollars in the coming years, a forecast that underscores Treasury Secretary Scott Bessent‘s efforts to position the sector as a major buyer of US government debt. What Happened: Stablecoins, digital tokens typically pegged to the...
Read More