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Pudgy Penguins’ Layer 2 Network, Abstract, Struggles to Attract Liquidity

Abstract, the layer-2 network rolled out this week by Pudgy Penguins, is off to a muted start despite offering a series of incentives to new users. The network notched 711,000 user transactions on the day of release, but that respectable total has been overshadowed by a lack of inflows. Its total value secured (TVS) was […]

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TRUMP Memecoins Can Now Be Used to Buy Donald Trump Merchandise

Several marketplaces hawking Donald Trump-branded merchandise, including GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com, have started accepting the Trump memecoin as a payment method alongside credit cards and bitcoin (BTC). Payments options now include TRUMP and will be processed by Solana Pay, a decentralized payment system that allows users to send money directly to merchants without intermediaries. The

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Polymarket Still Skeptical of U.S Bitcoin Reserve Despite David Sacks’ Assurance

Polymarket only sees a 16% chance that the Donald Trump will order the creation of a strategic bitcoin (BTC) reserve in the first 100 days of its administration, despite assurances from crypto czar David Sacks that there’s an effort underway to explore the idea. “President Trump has asked us to study that issue, so we

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Crypto Consortium T3 FCU Helps Spanish Authorities Freeze $26.4M Linked to Crime Syndicate

Spanish authorities are crediting the T3 Financial Crime Unit, a consortium made up of Tron, Tether, and TRM Labs, for helping take down a multinational European financial crime syndicate. According to Spain’s Guardia Civil, the crime syndicate operated across multiple European jurisdictions, providing cash-to-crypto laundering services for criminal enterprises. T3 said it seized $26.4 million,

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Long-Term Bitcoin Holders Are Spending Their BTC, A Bullish Signal, Analysts Say

If someone told you that stock market investors are offloading their cherished holdings, you will most likely interpret it as a sign of an impending market downturn. The narrative, however, differs in the crypto market, where such selling indicates bullishness, according to analysts observing historical trends in the supply held by long-term investors or wallets

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The Protocol: Movement Labs Develops Dev Mainnet

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor. In this issue: Movement Labs rolls out dev mainnet Cardano hard forks to decentralized governance SSV DAO unveils SSC 2.0 Musk pushes blockchain in government Network News MOVEMENT LABS ROLLS OUT

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The Dawn of PolicyFi

Are we witnessing the dawn of PolicyFi? In an earlier article on why memecoins matter, I argued that memecoins are ushering in a new era of civic engagement by forming speculative markets in which citizens are able to trade coins tied to government policies. I suggested that holder distributions and market caps in those markets

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Cardano’s Plomin Hard Fork Goes Live, Ushering in On-Chain Governance

Cardano, the layer-1 blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson, activated its highly anticipated “Plomin” upgrade on Wednesday, ushering in the ecosystem’s long-awaited move towards a decentralized governance system. With the Plomin upgrade now live, ADA token holders will be able to shape Cardano’s future, including voting on treasury measures and hard forks.

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Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain

Elon Musk’s Tesla (TSLA) appeared to take advantage of a new accounting rule allowing for holdings of digital assets to be marked-to-market each quarter. The company’s fourth quarter earnings report shows its 9,720 bitcoin valued at $1.076 billion as of the end of 2024. That’s up from what had been $184 million for several quarters

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