Author: Coindesk
“Toposware joining Polygon Labs signals our continued commitment to building the world’s best ZK research and development team,” said Marc Boiron, the CEO of Polygon Labs, in a telegram message to CoinDesk. “ZK technology is central to our overarching strategy, driving initiatives including building the leading aggregated blockchain network with the AggLayer, empowering developers to launch new L2 chains on Ethereum with the CDK, enabling DeFi projects to scale and enhance security with Polygon zkEVM and enhancing the security of Polygon PoS as it becomes ZK enabled.” Read the full article here
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While Modi’s Bharatiya Janata Party (BJP) and its allies are poised to return to power, they didn’t hit the supermajority mark of 370 plus seats in India’s 543-seat lower house of parliament, which they predicted. In fact, the BJP alone did not hit the halfway mark of 272, which it had comfortably crossed in the 2019 election. The result hands kingmaking power to his allies, and the opposition led by the Indian National Congress could attempt to lure them away. Read the full article here
The U.S.-based spot bitcoin ETFs yesterday made it 15-consecutive sessions of net inflows, with the latest rush of money combing with a rally in the price of {{BTC}} to send BlackRock’s iShares Bitcoin Fund (IBIT) to more than $20 billion in assets under management for the first time. Read the full article here
Blockchain’s transparent and immutable ledger allows token holders to access real-time information about their investments, fostering greater transparency in traditionally opaque markets. This visibility is a game-changer for monitoring cash flows and performance of credit portfolios, although tokenization does not alter the underlying characteristics of the instruments. Whether on-chain or off-chain, assets’ underlying risks, and the importance of due diligence, remain the same. Read the full article here
Looking at the largest digital asset, bitcoin topped $71,000 for the first time since May 20 before paring gains and reversing to the low $70,000s. A fresh set of U.S. manufacturing data Monday hinted at a cooling economy, potentially putting interest rate cuts back on the Federal Reserve’s view later this year to loosen financial conditions. Read the full article here
The Securities and Exchange Commission’s Salt Lake City office – notorious in the crypto world for its failed fraud lawsuit against DEBT Box – will shut down after seeing “significant attrition” among its staff, some of whom were pushed out over the case. Read the full article here
Based on current prices, this would equal 800,000 to 1.26 million of ETH accumulated in the ETFs, or roughly 0.7%-1.05% of the total supply of tokens, creating a supply crunch for the asset, according to the report. Unlike futures-based products, the issuers of spot ETFs will need to buy tokens in the spot market as investors buy ETF shares. Read the full article here
CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. Read the full article here
That said, Rodarmor readily acknowledged that Runes, his latest project, launched to coincide with the Bitcoin halving event on April 19, 2024, is decidedly less important than Bitcoin itself. He referred to the protocol, which enables the creation of tradable assets on Bitcoin similar to tokens on Ethereum, as a “sideshow.” Read the full article here