Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I’m Margaux Nijkerk, Ethereum’s reporter from Coindesk.
In this number:
- Ethereum’s Holesky Testnet ends – finally
- Starknet will settle for Bitcoin and Ethereum
- From the Ethereum machine room to Wall Street: Danny Ryan’s new mission
- Japanese Sony and Line technological giants join forces
This article appears in the last issue of the protocol, our weekly newsletter that explores the technology behind Crypto, one block at the same time. Register here to get it on your entrance tray every Wednesday.
Network news
Ethereum Holesky Testnet ends – Finally: Holesky Testnet of Ethereum achieved a purpose almost two weeks after the tong update, exceeding a client software configuration error that had avoided the purpose since February 24. Achievement occurs when Ethereum developers remained in deciding when pertra would go live in the Mainnet block chain, which delayed the great update. – Shaurya Malwa Read more.
Starknet to settle in Bitcoin and Ethereum: One of the most important projects with the aim of increasing the speed of the Ethereum network is to increase its work in the original block chain of the world: Bitcoin. Ethereum Layer-2 Starknet, in association with BTC Wallet Xverse, aims to offer a “defi experience of Bitcoin users.” Xverse said that “it will reach the time of take -off of Bitcoin”, through the integration with Starknet in the second quarter of 2025, in an announcement sent by email seen by Coindesk. The Starknet Foundation has published a new Bitcoin roadmap, which described how Starknet would remain completely active in Ethereum, while “becoming the Bitcoin execution layer”, with the aim of climbing the network “from 13 TPS to thousands.” The developers have been increasingly exploring how to take advantage of BTC security and deep reserves to train the broader world Defi and Blockchain. The challenge has been how to address the relative lack of programability of Bitcoin compared to Ethereum and others. – Jamie Crawley Read more.
From the Ethereum machine room to Wall Street: Danny Ryan’s new mission: Danny Ryan, previously key researcher at the Ethereum Foundation, left the EF in September, but entered the conversations a few months later to join the organization as its new leader. In January, Ryan “ended up separating mutually” with the Foundation, and in March he announced that he would join Etherealize, an organization focused on taking Ethereum to Wall Street. In a sincere interview with Coendesk, Ryan said he made the movement because he believes that Ethereum is at a point of technological inflection: “Ethereum is much larger than the EF. They are not just a couple of changes in the EF who are going to make or break Ethereum in general.” – Margaux Nijkerk Read more.
Japanese technological giants Sony and Line unite forces: Sony’s Blockchain division is carrying the giant line of Japanese social networks to the web3 world, with plans to adapt several popular miniplapas in the Sony Red Soeneium, the company announced. Line informs approximately 200 million active users on its platform, and the agreement will bring four line games, or “miniplapas”, Soneium: Sleepagotchi, Farm Frens, Puffy Match and Pocket Mob. Integration is intended to facilitate characteristics such as rewards and purchases in the game. Soneium launched in January, and at that time, the team said they hoped to unite web2 users in the web3 space. Blockchain is a layer 2 on Ethereum that uses Optimism OPTISM OPT technology.– Margaux Nijkerk Read more.
In other news
- The United States Representatives Chamber eliminated an IRS rule that would have imposed information compilation rules on decentralized entities. The vote, supported by a bipartisan group that included 71 Democrats, is a great victory for Defi. Nik of reports.
- We may have to wait a little longer for new cryptographic ETFs to be submitted in the US applications for a chain of new entities, even for XRP, Solana (Sun), Dogecoin (Doge) and Litecoin (LTC). But the Senate confirms a decision about this before the Senate confirmed the election of President Trump to direct the agency, the Senate. So far, an audience on that has not been scheduled. Helene Braun informs.
- In a great systemic victory for the cryptographic industry, the Office of the Comptroller of the Currency (Occ) said that banks regulated by the federal government can participate in several cryptocurrency activities without prior approval. The West has also withdrawn a requirement for banks to denounce liquidity risks related to cryptography. Sam Reynolds informs.
Calendar
