The Protocol: Solana’s Allure for Devs; Avalanche’s Big Upgrade Also: ENS picks tech for its L2; Bitcoin’s Runes Get an AMM

CoinDesk 20 Performance Update: LTC Falls 7.6%, As Nearly All Assets Trade Lower Filecoin joined Litecoin as a top underperformer, declining 6.2% from Tuesday.

Solana Smashes Record With 66.9M Daily Transactions as Pengu Token Debuts PENGU’s debut sparked a surge on the Solana blockchain, resulting in more transactions than the combined activity of other leading blockchains.

WBTC Episode ‘Reopened Old Wounds’ of Centralized Failures: Bitcoin Builders Association The venture between BitGo and BiT Global provided a reminder of the distrust many BTC holders still have for centralized custody, according to a new report

WazirX’s WRX Plunges 60% After Binance Delisting, Dampening Hopes of a ‘Fresh Start’ Delisting a token from major exchanges is often perceived as a lack of confidence in its viability or future, triggering negative market sentiment around the affected token.

Custody Firm Taurus Partners With Temenos Bringing Crypto Wallets to Thousands of Banks Banks that use Temenos core software can now easily create crypto wallets and have exposure to any type of digital assets they want

RWA-Focused Network Plume Raises $20M from Brevan Howard and Others Ahead of Mainnet Launch The platform has brought over $4 billion of traditional assets on-chain, ranging from renewable energy projects to mineral rights and private credit.

Bitcoin’s Memecoin-Like ‘Runes’ Get a Boost With AMM Launch on Stacks Bitflow’s automated market maker uses Stacks’ Nakamoto upgrade with the aim of addressing some shortcomings inhibiting Runes trading.

Coinbase Alums Patchwork Take Next Step Toward No-Code Blockchain Development Patchwork Create is another foundational step towards building no-code applications.

Coinbase Says It Nixed wBTC Because Justin Sun Posed ‘Unacceptable Risk’ BiT Global, issuer of the “wrapped bitcoin” token, “refused” to answer Coinbase’s questions about Sun’s involvement, the exchange said in a court filing.

The Risks of Overbuilding Crypto Infrastructure Unlike previous eras of the internet, Web3 infrastructure has far outpaced applications development. Jesus Rodriguez explains why that could be a problem.

Bitcoin Takes a Breather After Doji Candle in a Cautious Pre-Fed De-Risking BTC takes a breather after an indecisive Tuesday, as the Fed is expected to cut rates Wednesday while signaling slower easing next year.

NFTs Are Making a Comeback as Trading Volumes Surge: Galaxy Research Leading marketplaces such as OpenSea, Blur and Magic Eden have seen increased activity since November, the report said.

Bitcoin Lightning Fintech ZBD Approved to Receive EU MiCA License by Dutch Regulator Countries like the Netherlands are preparing for MiCA implementation.

Dogecoin Pup’s IP Owner Bags Rights to Neiro, Putting Namesake Memes in Focus IP-backed meme tokens are quickly becoming a hot topic in crypto circles. The market is showing signs of being wary of unlicensed offerings.

Binance Abruptly Deletes Alpha Watchlist Tokens, Spurring Unforeseen Pump and Dump One trader lost $102,000 after getting swept up in the short-lived pump and dump.

Crypto Daybook Americas: Pre-Fed Derisking Marked by PENGU Liquidity Squeeze Your day-ahead look for Dec. 18, 2024

Revolut to Strengthen Crypto Fraud Protections With Added Security, Risk Scores The Revolut Pay enhanced due diligence API will be rolled out to crypto customers from start of 2025.

British Columbia Maintains Bitcoin Mining Ban Despite Vancouver’s ‘BTC-Friendly City’ Motion The Province home to Vancouver – which is exploring becoming a bitcoin-friendly city – maintains a ban on mining to preserve power for clean energy initiatives/

Bitcoin Traders No Longer Chasing Record Price Rally Like Before, Options Data Show The way options are currently priced indicates a more measured bullish sentiment compared to what we’ve witnessed recently.