Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.
Tech
Coinbase’s Base blockchain resumes after two-hour outage disrupted network
The incident temporarily halted transaction processing on one of Ethereum’s largest layer-2 networks.
Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
A liquidation flush took bitcoin to its lowest since early June before Micron’s blowout earnings and SK Hynix’s U.S. listing plans steadied the AI trade that crypto had been sliding alongside.
Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
In this week’s edition of The Protocol Newsletter, we’re looking at Ethereum’s eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.
Live markets: Bitcoin could drop to $59,000 in the short-term as liquidity dries up
Trading firm Wintermute’s options desk puts bitcoin in a $61,242 to $63,563 range for Tuesday, with correlation rising across tokens and no fresh ETF bid in sight.
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization’s ongoing turmoil.
Ethereum Foundation cuts 20% of staff amid leadership exodus
The reduction follows a period of significant upheaval at the organization’s leadership level.
Trump signs orders to build a quantum computer and protect against the one that could break encryption
The White House issued twin executive orders to accelerate U.S. development of large-scale quantum computers while simultaneously hardening defenses against such machines.
Live markets: Bitcoin is stuck near $64,000 as ETF outflows reach a sixth week
Eased ETF selling and improving risk appetite are being offset by a firmer dollar and cautious institutional flows, leaving bitcoin range-bound, one analyst said.
Bitcoin developers want to fix the ‘replace this transaction with a higher fee’ button. Here’s why
A helpful feature of speeding up transactions has become redundant and a “fingerprint” for tracking. Developers now want to do away with it.