The Protocol newsletter by CoinDesk provides a weekly summary of significant cryptocurrency tech developments. This week’s highlights include Donald Trump’s new crypto-friendly appointments aimed at integrating blockchain into the U.S. economy, a leadership change at Aptos Labs with co-founder Avery Ching stepping in as CEO, and Sonic’s plan to distribute its tokens to TikTok users, bridging social media and decentralized finance. Additionally, Kraken launched its layer-2 rollup network, Ink, earlier than expected. Other news covers MicroStrategy’s Bitcoin purchases, Nokia’s entry into crypto, and Ripple’s call for better regulatory frameworks. Stay updated by signing up for The Protocol newsletter for a detailed analysis of these trends and more.
Welcome to The Protocol, your go-to source for weekly updates on key developments in cryptocurrency technology. This week, we spotlight several significant stories shaping the crypto landscape.
In the latest edition of our newsletter, we delve into President-elect Donald Trump’s new appointments focused on cryptocurrency, a major leadership change at Aptos Labs, Sonic’s innovative airdrop initiative for TikTok users, and Kraken’s exciting launch of its layer-2 network.
Trump’s crypto team is paving the way for a fresh start in digital asset regulation. With crypto advocates like Stephen Miran taking on pivotal roles, the administration seems poised to integrate blockchain into the U.S. economy. Additionally, Aptos Labs has a new leader in Avery Ching following Mo Shaikh’s resignation. This change signals a commitment to innovation within their layer-1 blockchain framework.
Sonic is also making waves by announcing an airdrop of its SONIC token to TikTok users. This initiative is aimed at bridging the gap between social media and decentralized finance, engaging millions of TikTok users in the crypto space.
Moreover, Kraken’s layer-2 network called Ink has successfully gone live, ahead of schedule, offering developers a customizable framework built on Ethereum. This move shows Kraken’s ambition in the competitive crypto exchange Market, now bolstered by a 25 million OP tokens agreement to support development.
Stay informed of all these exciting developments in cryptocurrency by signing up for The Protocol newsletter.
Keywords: cryptocurrency, blockchain, layer-2 network
Secondary keywords: cryptocurrency regulation, Aptos Labs, Sonic airdrop
What does Trump’s new pro-crypto appointments mean for the industry?
Trump’s recent appointments show strong support for cryptocurrency. This could lead to policies that help the crypto Market grow and attract more investment.
Who are the key appointments in Trump’s administration?
Trump has chosen several people known to support crypto. These individuals have experience in finance and technology, which can help influence positive changes for the industry.
How might these appointments affect cryptocurrency regulations?
With pro-crypto leaders in place, regulations could become more friendly to digital currencies. This might mean easier rules for businesses and investors in the crypto space.
Will these changes encourage more people to invest in crypto?
Yes, as regulations improve and support increases, more people may feel confident investing in cryptocurrencies. This could lead to more users and growth in the Market.
What should investors keep in mind with these appointments?
Investors should watch for developments in policies and regulations. While there’s potential for growth, it’s important to stay informed about any changes that could impact their investments.
