Latest from Nikhilesh De
Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist
In this week's edition of The Protocol Newsletter, we're looking at the state of the Ethereum layer-2 ecosystem.
Moomoo expands into prediction markets through Kalshi partnership
Retail trading platform moomoo has partnered with Kalshi to offer CFTC-regulated event contracts tied to economic data, elections and major sporting events directly within its app.
SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
SpaceX's proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.
Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks
The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.
New DeFi entrant widens field of crypto political campaign funds as elections loom
The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.
Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done
The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.
Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE
The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.
Banks' survey says people don't want to rock the boat if stablecoin yield risks lending
The American Bankers Association, which lobbies against the crypto sector over the Clarity Act's stablecoin section, unveiled its new polling.
UK House of Lords committee calls on Bank of England to reconsider proposed stablecoin restrictions
The Bank of England proposed limits of 20,000 pounds per coin for individuals and 10 million pounds for businesses.
U.S. sanctions Iranian crypto exchanges in ongoing war against the country
OFAC said it was blacklisting Nobitex and three other Iranian exchanges, as well as a few executives, citing links to terror and other crimes.
