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Tech

Linea to Burn ETH With Every Transaction in Bold L2 Upgrade

Linea’s updated roadmap introduces ETH-native staking on bridged assets, a protocol-level ETH burn mechanism, and the allocation of 85% of its token supply to ecosystem development.

Joe Lubin speaking at Consensus 2024 by CoinDesk. (Shutterstock/CoinDesk/Suzanne Cordiero)

Markets

DeFi Dev Boosts Solana Treasury to $218M After Latest Purchase

The Nasdaq-listed firm funded the acquisition by its $5 billion standing equity line of credit facility.

Solana sign and logo

Markets

Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered

Corporate treasuries have bought 1% of all ether in circulation since the beginning of June, the report said.

Standard Chartered logo on an office building. (Shutterstock)

Markets

Crypto Fund JellyC Teams Up With Standard Chartered, OKX for Secure Crypto Trading

JellyC is working with OKX and Standard Chartered to use cryptocurrencies and tokenized money market funds as off-exchange collateral.

The Standard Chartered logo on the outside of an office building.

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Finance

D2X Raises $5M to Expand Crypto Derivatives Exchange for Institutions

CMT Digital, Circle Ventures and Point72 back Amsterdam-based D2X as it targets crypto futures and options

D2X co-founder Theodore Rozencwajg (right) and D2X CEO Frederic Colette (left)

Finance

UAE Lender RAKBANK Offers Retail Customers Crypto With Bitpanda

Customers can now buy, sell, and swap crypto via RAKBANK’s app through Bitpanda’s regulated platform.

UAE coins money

Markets

Asia Morning Briefing: Crypto Rally Stalls, ETH Flows May Decide What Comes Next

ETF inflows collapse while leverage stays high. With altcoin appetite uncertain, market observers say ETH may decide if markets rebound or cool further.

Ethereum co-founder Vitalik Buterin (CoinDesk Archives)

Finance

Bakkt Sells Loyalty Business and Pivots to Pure-Play Crypto, Offers Shares

The technology firm sold its loyalty business for $11 million and announced a public share offering to fund bitcoin purchases.

(Unsplash)

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Policy

SEC Delays Decision on Trump-Linked Truth Social Bitcoin ETF Until September

Other crypto ETF applications, including the Grayscale Solana Trust and Canary Capital Litecoin ETF, were also postponed.

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)

Markets

Ether Treasuries Target Yield, but Risk Looms, Says Wall Street Broker Bernstein

A $1 billion ether treasury could generate as much a $50 million in annual yield, the report said.

A person country their dollars.