In this week’s edition of The Protocol Newsletter, we’re diving deep into the institution that has been the main steward for the Ethereum blockchain, and why its been back in the spotlight.
USAT’s market cap jumped above $140 million in April, though it remains well behind Circle’s USDC, PayPal’s PYUSD and Ripple’s RLUSD tokens.
Bitwise says investor demand for Hyperliquid exposure is surging as new HYPE ETFs launch.
A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.
EU deposit insurance (up to €100,000) may not absorb stress from large stablecoin reserve accounts, unlike the full protection offered by U.S. regulators.
DeFi Technologies president Andrew Forson says the stablecoin layer is thriving, with more than $150 billion in U.S. Treasuries backing coins like USDT and USDC.
This is the second time this year that the Sui network has suffered an outage.
U.S. stocks and bonds, and the oil market are reacting positively to yet another purported peace agreement, but crypto markets remain under heavy pressure.
Decentralized lottery protocol Megapot is teaming up with Protocol Guild in what the firms describe as the crypto industry’s first programmable charity lottery.
Asia’s adoption of crypto and stablecoins is driving regulated growth in payments and remittances. Learn how Singapore, Hong Kong, India, and Korea are leading the way.
Programmable incentives that allow independent trading agents to earn only when portfolios rise will create a fairer market for retail customers, explains Naja.
The new feature integrates SpaceXAI models to deliver real-time market intelligence, personalized signals and portfolio insights directly inside the Gemini app.
Investors are abandoning bitcoin and gold, perhaps sensing a coming end to Middle East hostilities.
Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans.
The ETF offers investors BNB exposure through traditional brokerage accounts without requiring them to directly buy or store the token.
The firm said it purchased 8,568 ether on May 11 at an average price of $2,334. Since then, ETH broke below $2,000, leaving the firm sitting at a $3 million unrealized loss.
As bitcoin and gold momentum fades, investor flows are increasingly rotating into AI infrastructure, semiconductor and memory-related equities.
Your day-ahead look for May 28, 2026
Samsung Securities is set to take a 2% stake in Dunamu, worth over $200 million, from affiliates of technology conglomerate Kakao.
The launch of round-the-clock bitcoin futures trading eliminates the long-standing CME weekend gap and marks another step toward fully integrated institutional crypto markets.
BTC dropped to its lowest since April 13 and ETH broke below $2,000 as U.S. airstrikes stoked inflation concerns, wiping out nearly $900 million in leveraged longs.
The proposal could shape how Kalshi, Polymarket, and other event-contract platforms operate as states challenge the CFTC’s authority.
Ether drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting.
IBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, as the Iran-driven sell-off pulled institutional money out of bitcoin.
Fund manager Michael Kramer says a $150 billion liquidity drain from upcoming U.S. Treasury operations could push bitcoin sharply lower.
XRP lost another major support level after high-volume selling accelerated late in the session, keeping focus on whether the months-long compression structure is now breaking lower.
Crypto majors sold off 3% to 4% and nearly $1 billion in leveraged positions were wiped out after U.S. airstrikes on an Iranian military site near the Strait of Hormuz reignited the conflict markets had started to price out.
The regulator went back to analyze the 2022 case and decided that it wouldn’t have been pursued under current management and practices.
The charges mark the second major arrest over insider trading on a prediction market.
As crypto world notches political wins in Texas and beyond, some of its emerging political action committees ditch bipartisan approach for a Republican focus.