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Oracle network Chainlink's (LINK) native token showed remarkable strength during the Wednesday session as cryptocurrencies attempted to bounce back from yesterday's carnage.LINK topped $26, gaining 8.3% over the past 24 hours and erasing Tuesday's losses. It vastly outperformed most large-cap cryptos, including bitcoin's (BTC) modest 0.5% and ether's (ETH) 4%
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Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk & Jamie Crawley, reporters at CoinDesk.In this issue:Nasdaq-Listed SoFi Taps Bitcoin Lightning for RemittancesBitcoin DeFi Project Enters Solana with BTC-Backed Token YBTCValantis Acquires stHYPE, Expanding Liquid Staking Reach on HyperliquidHyperbeat Secures
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JACKSON HOLE, Wyo. — Federal Reserve Governor Chris Waller preached that there is “nothing scary” about digital asset innovations, during a speech in Jackson Hole on Wednesday — the second high-ranking Fed official to praise the sector this week.“There is nothing to be afraid of when thinking about smart contracts,
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Emails race across the globe in milliseconds, yet money still moves at a crawl. It can take days to make payments, especially cross-border — longer over weekends or holidays. The result? Trillions of dollars are trapped where they can’t earn yield.This inefficiency is more than an inconvenience — it is
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Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23. The token traded within a tight $0.01 band, marking a 4% spread between its session high and low, as traders adjusted
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While much of crypto chases volatility, the most capital-efficient allocations of 2025 are hiding in plain sight: looping. These structured strategies quietly recycle billions through the same assets, transforming modest yield spreads into outsized, risk-adjusted returns. In essence, they are the on-chain counterpart to TradFi’s repo and carry trades, now
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3984.95, up 1.1% (+41.61) since 4 p.m. ET on Tuesday.Nineteen of 20 assets are trading higher.Leaders: LINK (+5.9%) and AAVE (+4.2%).Laggards: BCH (-0.8%) and XRP
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This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin bulls are attempting to establish an interim low around $113,000, but the effort appears weak in terms of both price and volume. So far, the bounce has been barely notable, with upside capped above $114,000.
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Tim Kotzman sat down in a New York studio in September 2024 to record a podcast, something he saw as little more than an experiment. The first few episodes drew almost no attention.Kotzman had no background in journalism, and his only prior podcast experience was appearing on a friend’s show
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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE,
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