Crypto News

The SEC and Binance have agreed to pause their lawsuit for 60 days as regulators craft new crypto rules, a move that could reshape digital asset oversight in the U.S. SEC and Binance Reach Agreement to Pause Lawsuit for Regulatory Review The U.S. Securities and Exchange Commission (SEC) and defendants Binance Holdings Ltd., BAM TradingSource link

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Ben Schiller, CoinDesk’s Opinion and Features editor.In this issue:Can Based Rollups solve Ethereum’s problem?Lido goes modularUniswap finally unveils UnichainEthereum’s Pectra upgrade is comingNetwork newsBASED ROLLUPS TO THE RESCUE: In recent years, Ethereum has embraced a layer-2 scaling roadmap—a plan that encouraged the development of third-party auxiliary networks called "layer-2 rollups"—to help scale the base Ethereum ecosystem. Offloading activity to these upstart networks has helped bring down fees and improve speeds for end-users, but it has led to a massive, deeply fragmented ecosystem of layer 2s. But while layer-2 networks all post data back down to Ethereum, they often struggle to communicate directly with...

B3 bucked a recent trend for airdropped tokens, with the Base gaming token jumping to a new high after its Monday launch.Source link

Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer Bahrain’s central bank is drafting regulations on stablecoin issuance, the Middle Eastern country’s Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa recently disclosed. Once enacted, the stablecoins are expected toSource link

President Donald Trump has chosen ex-Bitfury CLO Jonathan Gould to lead the Office of the Comptroller of the Currency, per reports.Source link