Welcome to the Protocol, Coindesk’s weekly wrapping of the most important stories in cryptocurrency tech development. We are Margaux Nijkerk and Sam Kessler, Coindesk’s Tech & Protocol’s team.
In this number:
- Sandeep Nailwal takes control of the polygon foundation, diagrams new course, withdraws ZVMM
- The Ethereum Foundation reveals new Ministry of Finance’s policy with 15% OPEX CAP
- Bitcoin Core 30 to increase up_return -DaTagiren after the developer debate is completed
- Plume launches Genesis Mainnet to bring assets in the real world to defi
Network news
Sandeep Nailwal takes control of the Polygon Foundation, pulling ZVMM back: Polygon co-founder Sandeep Nailwal has officially taken over the role of CEO of the Polygon Foundation, which marks a turn in the organization’s leadership makeup and a sweeping revision of the network’s long-term roadmap. Nailwal, who launched the project in 2017, when it was still called Matic Network, will consolidate control and ominate the team against Agglayer-Polygon’s new cross-chain liquidity protocol, which promises trouble-free interoperability across networks. The fund also goes back to ZVM, Polygon’s Rollup network. “This renewed control marks the beginning of a strategic push for polygon to regain its position at the head of web3,” the team wrote in a press release shared with Coindesk – Marguax Nijkerk Read more.
The Ethereum Foundation’s new State Treasury Policy: The Ethereum Foundation published an updated Ministry of Finance’s policy that outlined a number of new plans for token sales, Fiat purchases and transparency practices designed to ensure the organization’s “long-term agency, sustainability and legitimacy.” EC, a Swiss non-profit, plays a key role in the Ethereum blockchain ecosystem. In addition to hiring researchers, builders and societal connections, the fund was awarded a large trove of Ether (ETH) tokens at Ethereum’s Genesis, which it uses to finance its operations and support other projects in the ecosystem. In a blog post, the fund stated that it plans to appoint 15% of its treasury for operational expenses (“Opex”) annually with a 2.5-year buffer stored at all times in its reserves. “We intend to reduce the annual OPEX roughly linearly over the next five years and end on a long -term baseline of 5%,” the fund wrote. “This policy reflects our belief that 2025-26 is likely to be central to Ethereum, which justifies improved focus on critical deliveries.” – Margaux Nijkerk Read more.
Bitcoin Core 30 to increase up_return -DaTagiren. The proposal for the change confirmed in an update of GitHub had given rise to debate within the Bitcoin community. Critics claimed that the removal of the border could encourage increased embedding arbitrary data, which could potentially lead to network spam and a shift from Bitcoin’s primary function as a financial tool. – Sam Reynolds Read more.
Plume Mainnet goes life: Plume, a blockchain network that focused on assets in the real world, announced the launch of its warmly expected Genesis Mainnet. The launch, according to a statement shared by the Plume Team, marks “Next Generation” by active defiable-to-tokenizing traditional financial instruments or real assets (RWA) so they can interact with blockchain-based financial tools. RWAs have taken over the blockchain world as they are considered a market that may be worth the trillion of dollars with traditional financial institutions that steadily dip into crypto. – Margaux Nijkerk Read more.
In other news
- SAFE, the popular Multiparty Crypto design book, formerly called Gnosis Safe, has launched a new development unit, Safe Labs, in a step aimed at consolidating its operation and tightening its product dribbling after it was targeted in February’s $ 1.4 billion bybit -the largest crypto -heist to date. Together with the change, Safe builds a more “meaningful” V2 of its platform targeting corporate customers. – Sam Kessler Read more.
- Morpho, a permission -free cryptocurrency -loan protocol, revealed an update that seeks to further adjust decentralized financing (DEFI) with traditional lending by bringing more in the way of tailor -made, predictable loan terms. Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms, functions previously unseen in DEFI required to meet the requirements of institutions and companies wishing to build or migrate financial products on chain, Morpho said in a press release on Thursday. Ian Allison Read more.
Legislative and politics
- The US Securities and Exchange Commission is working on politics to exempt decentralized financing platforms (Defi) from regulatory barriers, said Paul Atkins, President Paul Atkins. Software developers who build defi-tools have no business blamed on how they are used, ATKINS and other SEC Republicans claimed in the final of five crypto-round tables held at the agency since the management turnover under President Donald Trump. Systems. “Atkins called the potential exceptional help” an exemption exemption “that would allow devices to bring on-chain products and services for marketing” fast “.- Jesse Hamilton Read more.
- The international unit of Alipay -Owner Ant Group plans to search stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday. Ant International will apply for a stablecoin issuer license when the regulatory regime comes into force in August, according to the report, with reference to people who are familiar with the case. The company also plans to apply for a similar license in its original Singapore and Luxembourg. – Jamie Crawley Read more.
Calendar
- June 8-22: Berlin Blockchain Week, Berlin
- 24-26. June: Permitted, Brooklyn
- June 30. July: ETHCC, Cannes
- July 16-18: Web3 Summit, Berlin
- 22-28. September: Korea Blockchain Week, Seoul
- 1-2 October: Token2049, Singapore
- November 17-22: DevConnect, Buenos Aires
- 11-13. December: Solana Breakpoint, Abu Dhabi
- 10-12. February 2026: Consensus, Hong Kong
- 5-7 May 2026: Consensus, Miami
