News
IRS Maintains Staking Rewards Are Taxable Income Amid Legal Dispute
The IRS maintains that tokens earned from cryptocurrency staking are taxable income, despite a previous legal settlement in favor of investor...
$14 Billion Bitcoin Options Expiry Scheduled for Friday on Deribit
A significant options expiry is scheduled to impact the leveraged market. Options are contracts allowing buyers to purchase or sell an asset at a...

XRP Surges 258% in 2024, Poised for Major Growth
Ripple's XRP has gained significant media attention due to a 258% increase in 2024. The price rose from $0.22 in early 2021 to around $2.30 by...

Bitcoin Price Stagnation May Lead to Altcoin Rally as $90K Target Emerges
Traders anticipate ongoing volatility in bitcoin (BTC) with a potential shift towards altcoins due to a significant options expiry impacting market...

Dogecoin Price Shows Signs of Recovery Above $0.30 Level
Dogecoin (DOGE) has approached the $0.2620 support against the US Dollar and is currently recovering losses, with potential traction if it...

XRP Price Attempts Increase Above $2.20 Resistance Level
XRP price remains stable above the $2.10 zone, with potential movement towards breaking the $2.30 resistance.
XRP is attempting to increase above...

Ethereum Price Drops Below $3,450, Faces Resistance at $3,445
Ethereum price declined below the $3,450 zone but is showing signs of recovery. A rise may occur if it surpasses the $3,445 resistance.
...

Bitcoin Price Declines Below $95,000 Amid Bearish Momentum
Bitcoin price declined below the $95,000 mark and is showing bearish trends, potentially falling under the $92,000 level.
Bitcoin began a...

Santiment Reports Shift in Social Media Attention from Memecoins to Bitcoin
The analytics firm Santiment reported a recent shift in social media traders' focus from Dogecoin and other memecoins to Bitcoin.
Decline in Social...

Bitcoin's Long-Term Holder SOPR Metric Remains Above 1 Amid Price Decline
Bitcoin's recent performance has been declining, with on-chain metrics providing insights into market behavior.
Among these metrics, the Spent...

Metaplanet Purchases 619.7 BTC for $61 Million, Increasing Holdings
Japan-based early-stage investment firm Metaplanet has purchased 619.7 BTC for $61 million, marking its largest Bitcoin acquisition to date.
...

Crypto.com Launches First Sports Prediction Trading Product for US Customers
Crypto.com, a leading cryptocurrency exchange with over 100 million registered users globally, has launched a new product for US customers: the...
Nokia Files Patent to Enhance Blockchain Security for Digital Assets
Nokia, a leader in mobile technology, is entering the blockchain and crypto asset sector by filing a patent titled "Device method and computer...
Marginfi Co-Founder Launches New Product Amid Criticism from Former Colleagues
Marginfi co-founder Edgar Pavlovsky departed from the Solana DeFi project in April due to disagreements over internal and external operations.
...
Ethereum Shows Strong Market Confidence Amidst Positive Key Indicators
Ethereum (ETH) has remained a key player in the cryptocurrency market, although its price has not matched Bitcoin's recent gains. Despite not...

Trump Appoints Pro-Crypto Leaders for Economic Council and Advisory Roles
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development.
Network News
TRUMP CRYPTO...

Trump Appoints Bo Hines as Executive Director for Digital Assets Council
President-elect Donald Trump is progressing through his crypto promises list with a new personnel decision.
Trump announced that Bo Hines will...
Stocks Remain Flat Following Passage of Stopgap Spending Bill
President Biden signed a bipartisan spending package, preventing a government shutdown and funding federal operations through mid-March. The bill...
Binance Anti-Scam Report Reveals $9.1 Million Recovered and $129 Million Saved
Binance’s 2024 Anti-Scam Refund Initiative End-of-Year Report highlights significant progress in combating crypto fraud. The report...
Bitcoin May Reach Price Top Above $168,500 According to Analyst
An analyst has indicated that Bitcoin may reach a price top exceeding $168,500 based on historical trends related to the Mayer Multiple.
Bitcoin...

Usual Raises $10 Million in Series A Funding Led by Binance Labs
Usual has secured $10 million in its Series A funding round, led by Binance Labs and Kraken Ventures, with participation from companies such as...
Avalon Labs Raises $10 Million to Enhance Bitcoin-Backed Stablecoin USDa
Avalon Labs, a blockchain company focused on enhancing Bitcoin's financial utility, has raised $10 million in a Series A funding round. The funding...
Key Metrics Indicate User Engagement Trends for SOL, ETH, and Other Chains in 2025
Web3 is inundated with metrics that often obscure vital aspects such as user engagement quality and growth potential. As the industry matures,...

Dogecoin Price Shows Potential for Parabolic Rally in 2024
Dogecoin (DOGE) Volatility
Dogecoin has experienced significant volatility, with a 45% price drop from its multi-year high of $0.48. Despite...

SunPump Launches AI Assistant for Memecoin Creation on Tron Network
SunPump, the first memecoin fair launchpad on the Tron #TRX network, has introduced the first Artificial Intelligence (AI) assistant in the Tron...
Hyperliquid Faces Controversy Over North Korean Hacker Transactions
“You either die a hero, or you live long enough to see yourself become the villain.” — Harvey Dent
Hyperliquid faced controversy 25 days after its...

Forkast Prediction Market Set to Launch on Ronin in January 2025
Community Gaming has introduced Forkast, a prediction market focused on gaming, set to launch on Ronin, an Ethereum-based sidechain, in January...
Mt. Gox Transfers Nearly $50 Million in Bitcoin, Impacting Market Stability
The crypto market is reacting to recent activities from the defunct exchange Mt. Gox. Today, the exchange transferred nearly $50 million in Bitcoin,...
Bitcoin Price Signals Major Buy Opportunity on 4-Hour TD Sequential Chart
A crypto analyst has indicated that the Bitcoin price is showing a significant buy signal on the 4-hour TD Sequential chart. This signal implies...

Matador Allocates $4.5 Million to Bitcoin for Corporate Treasury
Matador, a company utilizing blockchain technology for digital asset representation, has announced that its Board of Directors unanimously approved...