Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller.
In this issue:
- Ethereum’s Final Pectra Test Goes Live
- Hyperliquid Eases Token Transfers for DeFi
- Celo Migration to Layer-2 Network Is Done
- Bitcoin DeFi Expansion Faces Fork Dilemma
This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.
Network news
In Other News
- In a two-hour interview with CoinDesk Senior Anchor Christine Lee, Strategy Executive Chair Michael Saylor discusses a U.S. Bitcoin strategic reserve, why securities holders keep him sleepless, and his own economic immortality. — Christine Lee reports.
- Crypto start-up Plasma has revealed the technical features of its blockchain, which is designed for fast and efficient global stablecoin transfers, using a HotStuff-inspired consensus mechanism. — Omkar Godbole reports.
Regulatory and policy
- U.S. Senator Kirsten Gillibrand (D-N.Y.), one of the leading Democrats supporting crypto legislation, warned the industry against pushing for a “watered-down” version of the long-awaited stablecoin legislation currently moving through the Senate, arguing that stringent regulations are necessary to foster innovation and protect investors from bank runs like the one on Silicon Valley Bank in 2023 and the collapse of crypto exchange FTX in 2022. – Cheyenne Ligon report.
