Welcome to the Protocol, the weekly completion of the most important stories in the development of cryptocurrency technology. We are Margaux Nijkerk and Sam Kessler, the Tech and Protocols team of Coindesk.
In this number:
- Sandep Nailwal takes control of Polygon Foundation, graphs new course, retires ZKEVM
- Ethereum Foundation reveals a new Treasury policy with 15% OPEX CAP
- Bitcoin Core 30 to increase the data limit of Op_Rreturn after the developers’ debate has been completed
- Plume launches Genesis Mainstet to bring Real-World assets to Defi
Network news
Sandep Nailwal takes control of Polygon Foundation, Pensioen ZKEVM: Co-founder of Polygon Sandep Nailwal has officially taken on the role of CEO of the Polygon Foundation, which is a pivot in the leadership make-up of the organization and a major overhaul of the long-term route map of the network. Nailwal, which launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team to Agglayer-Polygon’s new cross-chain liquidity protocol that promises seamless interoperability between networks. The foundation will also retire ZKEVM, Polygon’s Rollup Network. “This renewed control marks the start of a strategic urge to polygon to regain its position in the vanguard of Web3,” the team wrote in a press release shared with Coindesk – Marguax Nijkerk Read more.
The new Treasury policy of Ethereum Foundation: The Ethereum Foundation published an updated Treasury policy, in which a series of new plans for token sale, Fiat purchases and transparency practices are designed to ensure the “long-term agency, sustainability and legitimacy of the organization. The EFF, a swiss non-profit system plays a role in the Etheum. Researchers, builders and community contacts, the foundation received a large trove Ethheren (ETH) to Tokens at Ethereum’s Genesis to finance his activities and to support other projects in the ecosystem. Reserves. We are planning the annual OPEX, ending on a long -term basic line of 5%, “wrote this policy that 2025-26 is probably crucial for Ethereum to be delivered. Margaux Nijkerk Read more.
Bitcoin Core 30 to increase the limit of the on_return data: The developers of Bitcoin Core, the primary open-source software for connecting the blockchain behind the world’s largest cryptocurrency, said that the version 30-release of October will increase the standard limit for on_return-data transactions from the current 80 bytes to almost 4 MB, a limit imposed by Bitcoin. The proposal for the change, which was confirmed in an update on Github, had caused a debate within the Bitcoin community. Critics argued that removing the limit could encourage an increased embedding of random data, which may lead to network spam and a shift in the primary function of Bitcoin as a financial tool. – Sam Reynolds Read more.
Plume Mainstet goes lives: Plume, a blockchain network aimed at Real-World assets, announced the launch of his highly anticipated Genesis Minet. The launch, according to a statement shared by the Plume team, marks the “next generation” of Defi-Tokenizing-supported traditional financial instruments, or Real-World Assiva (RWA), so they can interact with blockchain-finance aids. RWAS has taken over the world of blockchain because they are seen as a market that could be worth trillions of dollars with traditional financial institutions steadily immersing in crypto. – Margaux Nijkerk Read more.
In other news
- Safe, the popular Multiparty Crypto portion that was previously called Gnosis Safe, has a new development unit, Safe Labs, launched in a movement aimed at consolidating his activities and sharpening his product trout map after it was aimed in the $ 1,4 billion BYBIT HACK. In addition to the change, Safe builds a more “quirky” V2 of his platform aimed at Enterprise customers. – Sam Kessler Read more.
- Morpho, a permissionless cryptocurrency lending protocol, unveiled an update that tries to further align the decentralized financing (Defi) with traditional loans by bringing more tailor -made, predictable loans conditions. Morpho V2 supplies market-driven, fixed-term loans with adjustable conditions, functions that are previously unseen in Defi, that must meet the requirements of institutions and companies looking for financial products on the chain, Morpho said in a press release on Thursday. Ian Allison Read more.
Regulating and policy
- The US Securities and Exchange Commission is working on policy to release decentralized financial (Defi) platforms from regulatory barriers, said chairman Paul Atkins. Software developers who build Defi tools have no things that are blamed for how they are used, atkins and other SEC republicans have led the final of five crypto-tour tables that have been held at the agency since the leadership course under President Donald Trump. Atkins mentioned that potential exemption exemption “An innovation exemption” that could have entities under SEC-Jurisdiction with products and services on the market “quickly on the market”. – Jesse Hamilton Read more.
- The international unit of Alipay owner Ant Group is planning to search for Stablecoin licenses in Hong Kong and Singapore, Bloomberg reported Thursday. Ant International will request a license from a Stablecoin emittent as soon as the regime regime comes into effect in August, according to the report, referring to people who are familiar with the issue. The company is also planning to request a similar license in his native Singapore, as well as Luxembourg. – Jamie Crawley Read more.
Calendar
- 8-22 June: Berlin Blockchain Week, Berlin
- June 24-26: permissionless, Brooklyn
- June 30-3: ETHCC, Cannes
- July 16, July: Web3 Summit, Berlin
- September 22-28: Korea Blockchain Week, Seoul
- October 1: Token2049, Singapore
- November 17-22: DevConnect, Buenos Aires
- 11-13 December: Solana Breakpoint, Abu Dhabi
- February 10-12, 2026: Consensus, Hong Kong
- 5-7 May 2026: Consensus, Miami