Coindesk

As was almost universally expected, the U.S. Federal Reserve Wednesday left its benchmark fed funds rate range steady at 4.25%-4.5%.In a rare departure from norms, two Fed governors — Michelle Bowman and Chris Waller — dissented from the decision, preferring instead to trim rates by 25 basis points. It's the first time two Fed members have dissented from a policy decision since December 1993, according to Carson Group Chief Market Strategist Ryan Detrick."Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year," said the Fed's accompanying statement. "The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated."Bitcoin (BTC)...

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter.In this issue:Ethereum At 10: Where Next For The World Computer?Linea to Burn ETH With Every Transaction in Bold L2 UpgradeSolana Players Unveil ‘Internet Capital Markets’ RoadmapSquare Begins Rollout of Bitcoin Payments for Sellers, Targets Full Availability by 2026Unknown block type "divider", specify a component for it in the `components.types` optionNetwork news10 YEARS OF ETHEREUM: When Ethereum launched on July 30, 2015, it set out to be more than just another cryptocurrency. It aimed to expand the boundaries of blockchain technology itself. While Bitcoin became digital gold, Ethereum pursued a more expansive vision: to be a decentralized...

The long-awaited White House crypto strategy is out, but the 163-page report isn't likely to tell the crypto industry much that it doesn't already know — including about the federal bitcoin reserves, which remain a black box for a sector keen to learn anything new.The report offers the most comprehensive outline of President Donald Trump's crypto push to date, covering all the major and minor policy efforts underway this year. For an industry that's been following each of those closely, however, it doesn't offer revelations of new initiatives or go into a deep explanation of individual policy pursuits.Senior administration officials said on Wednesday that it's meant as a guidepost against which the government's progress can be measured. So far, the...

Nasdaq-listed Fundamental Global (FGF) is rebranding to FG Nexus and entering the digital asset space with a $200 million private placement to launch an ether-based treasury strategy, the company said in a press release WednesdayThe offering, composed of 40 million prefunded warrants priced at $5, was backed by a slate of high-profile strategic investors, including Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group, and Kenetic, the company said.Galaxy will serve as a strategic advisor, managing treasury and staking infrastructure, while Kraken will support staking operations.The company plans to use the proceeds to accumulate ether (ETH) as its primary reserve asset, generating staking rewards and enabling exposure to tokenized real-world assets. FG Nexus is among the growing list of...

When Ethereum launched on July 30, 2015, it set out to be more than just another cryptocurrency. It aimed to expand the boundaries of blockchain technology itself. While Bitcoin became digital gold, Ethereum pursued a more expansive vision: to be a decentralized “World Computer”—programmable, extensible, and open-ended.A decade later, Ethereum has transformed finance, culture and software. Along the way, it has faced existential crises, volatile markets and fierce internal debates. Now, it stands on the cusp of a new era—one that may see it fully embraced by traditional finance.Ethereum has seen an uptick in the last two months as the project hits the 10 year milestone, with its ETH’s price rebounded, reaching $3,800 in July, after it languished around $1500...