Crypto News

LayerZero, the bridging protocol that allows different crypto networks to communicate with each other, plans to connect to Bitcoin sidechain Rootstock in what would be its first integration with the world's original blockchain.Rootstock aims to end Bitcoin's "isolation" from other blockchains due to its lack of native smart contracts, a barrier that LayerZero is able to address, according an emailed announcement shared with CoinDesk on TK. The Bitcoin blockchain lacks the functionality to offer smart contracts that other blockchains have and which are fundamental building decentralized finance (DeFi) services.This lack of provision for DeFi on Bitcoin, which holds more value that every other blockchain combined, is an impediment to even greater adoption. That's prompting developers to seeking ways of tapping...

The Swiss digital asset bank is challenging mainstream enthusiasm for crypto ETFs, citing traditional finance's limitations.Source link

Total centralized exchange volume reached $18.83 trillion, the second-highest in five years, though still below 2021’s record of $25.21 trillion. 2021 Marked by Key Events In 2024, Binance remained the largest centralized cryptocurrency exchange, despite its share of total trading volume among the top 15 exchanges falling by approximately eight percentage points, from 47% toSource link

XRP’s price rally follows the acknowledgment of multiple XRP filings by the SEC and rumors of delay in Ripple’s legal battle with the agency.Source link

Nasdaq has formally requested U.S. Securities and Exchange Commission (SEC) approval to launch an exchange-traded fund (ETF) tracking a basket of cryptocurrencies through a proposed regulatory framework designed to address market integrity concerns. Nasdaq’s Latest Proposal Filing Sets a New Standard for Crypto Market Oversight The Nasdaq Stock Market LLC submitted a 131-page Form 19b-4Source link