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Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.In this issue:BTCFi’s Big Problem: 77% of Bitcoin Holders Haven’t Even Tried It, Says SurveyEthereum’s Fusaka Upgrade Passes Holesky Test, Moves Closer To MainnetDoubleZero Mainnet Goes Live With 22% of Staked SOL on BoardBee Maps Raises $32M to Scale Solana-Powered Decentralized Mapping NetworkNetwork NewsBITCOIN HOLDERS HESITANT TO EXPLORE BTC DEFI : Bitcoin decentralized finance (DeFi), also known as BTCFi, has been touted as the next wave of innovation for the world’s largest cryptocurrency. However, research suggests bitcoin holders…

HBAR exhibited notable resilience in the 24-hour period between Oct. 7 and Oct. 8, climbing roughly 2% from session lows near $0.22 to settle around the same level. The token traded within a tight range, repeatedly testing support and resistance at $0.22. Despite a steep decline in trading volume—from 138.43 million to 19.74 million tokens—HBAR maintained a steady consolidation pattern, hinting at reduced short-term participation but a stable accumulation phase.Momentum built decisively during the final hour of trading, when HBAR broke out of its compressed formation between 13:12 and 14:11 UTC on October 8. After briefly retreating to an intraday…

YZi Labs has boldly announced the launch of an impressive $1 billion fund aimed at empowering innovators within the BNB ecosystem. This significant investment targets the growth of decentralized finance (DeFi), artificial intelligence (AI), and real-world assets (RWAs). By providing substantial financial backing, YZi Labs positions itself as a pivotal player in the expansion of these sectors, encouraging technological advancements and new applications that could redefine digital finance landscapes. The launch of this Builder Fund is not just a testament to YZi Labs’ commitment to fostering innovation but also a strategic maneuver to enhance the BNB Chain’s capabilities. As the…

ETH drops 4% to $4,500. Analysts flag key support levels, breakout patterns, and warning zones as traders watch for next move. Ethereum (ETH) is trading at around $4,500 after falling 4% in the past 24 hours. Despite the dip, analysts are watching as the price returns to a zone where buyers have previously shown interest. The current 7-day change is still positive, with ETH up 5% over the week. ETH/BTC Pullback May Offer Opportunity Michaël van de Poppe shared a weekly ETH/BTC chart showing a strong rally earlier this year. The pair moved up more than 140% from its…

Cryptocurrency exchange Coinbase said New York residents are now able to stake their assets following approval from state regulators.In a Wednesday blog post, Coinbase said its users could begin earning rewards from staking in Ether (ETH), Solana (SOL), and other assets. The company credited New York Governor Kathy Hochul for “embracing progress and providing clarity” leading to the approval, with plans to continue expanding staking services across the US.“This is a big win for New Yorkers, and a step toward ensuring every American has equal access to the future of finance,” said Coinbase. “But our work is not done. We…

Ethereum developers are preparing for the network’s second major upgrade this year, known as Fusaka, set to go live at the end of November or beginning of December, pending final testnet results.Fusaka — a blend of the names Fulu and Osaka — consists of two simultaneous upgrades to Ethereum’s consensus and execution layers, respectively.The upgrade is focused on making the Ethereum blockchain more scalable and efficient, and should benefit institutions and users as transaction costs on rollup networks should fall further, while operating nodes should become less cumbersome and expensive for newcomers looking to run nodes.Fusaka includes 12 major code…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to reports, Russian police have seized around 2,700 crypto mining equipment from a site in St. Petersburg after a months-long probe into unusually low meter readings. The haul included banks of machines, fans and other cooling gear, and the authorities say they also took away two transformers. Large Crypto Mining Rigs Seizure In St. Petersburg Investigators say the operation started after energy inspectors noticed inconsistencies between recorded meter figures and actual power use. The site had been connected to the grid since March 2018. It ran,…

Key takeaways:FORM eyes a 40% upside toward $2 as its ascending triangle pattern strengthens amid booming BNB meme activity.Four.Meme’s daily revenue surpasses Pump.fun, with roughly 70% of its traders now in profit.FORM, the native token of BNB Chain’s memecoin launchpad Four.Meme has surged nearly 85% in less than two weeks. That includes a 50%-plus jump in the past 24 hours, following Binance co-founder Changpeng “CZ” Zhao’s viral “BNB meme szn” post on X.FORM/USDT daily price chart. Source: TradingViewMultiple technical and onchain indicators now hint at a further price boom for FORM in October. Let’s examine.FORM ascending triangle reversal setup hints…

Institutional demand for Bitcoin is accelerating as spot exchange-traded funds (ETFs) inject between $5 billion and $10 billion into the market each quarter.This wave of fresh capital is helping to tighten the asset’s supply and reinforce its long-term bullish structure.Bitwise Chief Technology Officer Hong Kim, citing Farside Investors’ data, said ETF inflows have become a steady force, arriving “like clockwork.” He described the pattern as “an unstoppable secular trend that even the four-year cycle cannot stop,” while adding that “2026 is going to be an up year.”These inflows reflect a deeper shift in how traditional finance interacts with Bitcoin. Once…

Operated by Trump ally Bill Zanker, the firm aims to form a Digital Asset Treasury to stabilize the Official Trump token Fight Fight Fight LLC, the company that made the Official Trump (TRUMP) meme coin, is trying to raise at least $200 million to set up a Digital Asset Treasury (DAT) that will buy the token. Bloomberg reported on October 8 that this move is a direct intervention to stabilize the asset that is closely linked to the U.S. President. While the outcome of the fundraising is not yet certain, the ambitions are substantial, with a target range extending…