Coindesk

Berachain App Boyco Goes Live With $2.2B in ‘Pre-Deposits’

Berachain-based liquidity platform Boyco went live on Tuesday with over $2.2 billion in pre-deposits.The pre-launch liquidity platform is built in collaboration with Enso, Berachain and LayerZero. It aims to solve the the cold start problem for new decentralized applications (dApps) by ensuring they have sufficient liquidity from day one. This approach theoretically helps dApps attract users immediately upon launch, giving them a head start in the competitive DeFi space.Royco is a protocol on Berachain that enables the creation of liquidity markets where protocols can negotiate with liquidity providers (LPs) to secure liquidity. Boyco is a specific implementation of Royco tailored for Berachain's mainnet launch.Through Boyco, applications can create pre-launch liquidity markets where users can deposit assets before the mainnet goes...

Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026

Tokyo-listed Metaplanet said on Tuesday that it would accumulate 10,000 bitcoin (BTC) by the end of 2025 and 21,000 bitcoin by the end of 2026 as part of a corporate treasury plan.The strategy is designed to establish Metaplanet as one of the world's largest corporate holders of bitcoin, the company said. It holds over $180 million worth of asset as of Wednesday, data shows.The so-termed "21 Million Plan” — a likely nod to bitcoin’s total supply — involves issuing 21 million shares via moving strike warrants to raise approximately 116.65 billion yen (or nearly $740 million at current exchange rates), marking one of the largest equity capital raises for bitcoin in Asia.This plan aims to protect shareholder value by setting...

Czech Central Bank Governor to Present Plan to Add Bitcoin to Its Reserve: FT

Czech National Bank Governor Ales Michl said in an interview with Financial Times (FT) that he will present a bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank diversify 5% of its $146.13 billion reserves into the leading cryptocurrency by market value."For the diversification of our assets, bitcoin seems good," Michl said, according to an interview published by the FT and quoted by Reuters. Michl pointed to broader investor interest in the cryptocurrency since BlackRock and others debuted spot ETFs a year ago.The central bank did not immediately respond to CoinDesk's request for comment.Source link

Essential Insights to Monitor During Wednesday’s ‘No Change’ Fed Meeting

The first Federal Reserve (Fed) meeting of 2025 will conclude on Wednesday, with the rate decision scheduled for release at 19:00 UTC. It will be followed by Chairman Jerome Powell's press conference at 19:30 UTC.The Fed's ongoing target range for interest rates is 4.25% to 4.5%, which has declined by 100 basis points since September. The December meeting saw a 25 basis point rate cut, but the accompanying press conference and forecasts signaled slower rate cuts for 2025, sending risk assets, including bitcoin (BTC), lower.However, Wednesday's meeting is largely being seen as a non-event for markets, including cryptocurrencies, as policymakers are expected to hold rates steady while maintaining the hawkish forward guidance from December."We doubt this week's FOMC meeting will...

Digital Rights Group EFF Calls for Roman Storm Dismissal in Tornado Cash Case

The Electronic Frontier Foundation (EFF), a prominent digital rights group, has filed an amicus brief in support of Roman Storm, a developer of the crypto privacy protocol Tornado Cash (TORN).Storm has been charged with conspiracy to facilitate money laundering, operating an unlicensed money transmitter, and violating sanctions in relation to his work on the Tornado Cash protocol.“The government’s prosecution raises larger civil liberties concerns that could chill the future development of privacy-enhancing technologies more broadly," the EFF wrote in the brief.The EFF argues that Storm's prosecution threatens open-source innovation as the core issue in the case of holding developers responsible for how their tools are used, instead of prosecuting bad actors directly, could have a chilling effect on privacy-focused software...