Coindesk

The debate over Bitcoin's OP_RETURN heats up, as developers of Bitcoin Core – the most popular node software – said they plan to scrap OP_RETURN entirely in the next release.The OP_RETURN limit is an 80-byte cap on the amount of arbitrary data that can be embedded in a Bitcoin transaction using a special, unspendable output field.“Large-data inscriptions are happening regardless and can be done in more or less abusive ways,” said Core contributor and Engineer at Blockstream Greg Sanders, known as ‘instagibbs,’ in a post on Github announcing the removal. “The cap merely channels them into more opaque forms that cause damage to the network.”The debate centered on whether lifting the 80-byte OP_RETURN limit promotes transparency and simplifies data use...

Ripple will sunset its quarterly XRP markets reports in its current form after Q2 2025, with newer versions including deeper insights as the token grabs more demand among institutional investors.The quarterly XRP Markets provides transparency into Ripple’s XRP holdings and updates on the state of the crypto markets and the XRP ecosystem.“However, the reality is that the report has not had the intended effect,” Ripple said in its Q1 2025 report Monday. “In many instances, Ripple’s transparency has been used against the company, most notably by former SEC leadership.”“As more institutions engage with XRP, additional perspectives and insights are expected to follow, pushing the market conversation forward,” it added. This comes amid a flurry of XRP-based ETF filings in the...

The U.S. Securities and Exchange Commission (SEC) has further delayed making a decision on Canary Capital’s proposal for a spot Litecoin (LTC) exchange-traded fund (ETF).This comes after the agency delayed several other applications for spot crypto ETFs last week, including XRP, Hedera, and Dogecoin but hadn’t done so for the Canary Litecoin ETF, sparking hopes that the regulator might have different plans for this fund.But on Monday, the official deadline, the regulator announced the delay and asked for public comments regarding the proposal’s compliance with regulatory requirements."In particular, the Commission seeks comment on whether the proposal to list and trade Shares of the Trust, which would hold LTC, is designed to prevent fraudulent and manipulative acts and practices or raises...

Senate Democrats are balking at advancing landmark stablecoin legislation due to President Donald Trump's increasing personal benefits from his own crypto ties.Over the weekend, Sen. Ruben Gallego, a Democrat elected to represent Arizona with $10 million in backing from crypto super PAC Fairshake, warned with eight of his colleagues that they would not vote to advance the current version of the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS Act), the Senate's stablecoin bill. The Senate would need 60 votes to move forward with any legislation.However, the bigger issue for the crypto industry may be the effect this new fight has on forthcoming market structure legislation. The stablecoin bill should ultimately still sail through Congress, one person...

The cryptocurrency market continues to reflect broader economic uncertainties as Shiba Inu (SHIB) faces significant downward pressure. Recent price action shows SHIB testing critical support at $0.0000127 after experiencing a 7.4% decline from recent highs, with volume spikes coinciding with major selloffs particularly during early May, according to CoinDesk Research's technical analysis data model.Despite current volatility, on-chain data reveals growing institutional confidence in SHIB's long-term prospects. April 2025 saw the addition of 109 new millionaire wallets holding SHIB, bringing the total to 860 addresses with at least $1 million in tokens. This accumulation occurred even as SHIB's 7% price gain in April underperformed compared to Bitcoin's surge toward $95,000. Market sentiment remains cautiously optimistic as futures open interest for SHIB...