The Protocol: Ethereum’s Vitalik Buterin Says the Ecosystem Is At Risk If Decentralization Is Just a Catchphrase

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Vitalik Buterin: Ethereum at Risk If Decentralization Is Just a Catchphrase Bitcoin Layer-2 Botanix Mainnet Debuts, Cuts Block Times to 5 Seconds XRPL EVM Sidechain Goes Live, Unlocking … Read more

Polkadot’s DOT Rises 6% as Bullish Momentum Breaks Key Resistance

Polkadot’s DOT surged 6% higher amid a rally in crypto markets, with strong volume supporting a decisive breakout through resistance at the $3.34 and $3.44 levels, according to CoinDesk Research’s technical analysis model. The model showed the price found strong support at $3.25 during the 01:00 hour with above-average volume, establishing a solid foundation for … Read more

Bitcoin Futures Open Interest Surges Nearly 10% as BTC Eyes $110K

Open interest in bitcoin perpetual futures surged Wednesday by the most in four months as the leading cryptocurrency neared the $110,000 mark. Open interest in perpetual futures listed on offshore exchanges rose by nearly 10% to $26.91 billion, the highest single-day increase since March 2, according to data source Velo. The data tracking website included … Read more