Welcome to the protocol, CoinDesk’s weekly wraps of the most important story of cryptocurrency tech development. I’m Margaux Nijkerkk, CoinDesk’s Ethereum reporter.
In this issue:
- Ethereum’s holesky testnet ended – finally
- Starknet to settle in both Bitcoin and Ethereum
- From Ethereum’s engine room to Wall Street: Danny Ryan’s new mission
- Japanese Sony’s giant techs and line joined the force
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Network news
Ethereum holesky testnet finalize – finally: Ethereum’s holesky testnet achieved the end of nearly two weeks after the Pectra upgrade, to overcome a client-software adjustment bug that prevented the end since February. 24. The achievement came as Ethereum developers prevented the decision When PECTRA is live on the mainnet blockchain, thus delays the large upgrade. – Shaurya Malwa Read more.
Starknet to settle in Bitcoin and Ethereum: One of the major projects aimed at increasing the speed of the Ethereum network is to ramping its work to the original blockchain in the world: Bitcoin. The Ethereum Layer-2 Starknet, in collaboration with the BTC Wallet Xverse, aims to deliver a “full Bitcoin experience.” Xverse said “achieve the Defi-off moment of Bitcoin,” by joining Starknet with Q2 2025, in an email announcement CoinDesk saw. The Starknet Foundation has published a new Bitcoin roadmap, describing how Starknet stays fully active in Ethereum, while the “Being Layer of Bitcoin implementation,” with the aim of scoring the network “from 13 tps to thousands.” The developers further explore how to tap the security and deep reserves held at the BTC to empower the wider defi and blockchain world. The challenge is how to meet the relative -child lack of Bitcoin programmability compared to Ethereum and others. – Jamie Crawley Read more.
From Ethereum’s engine room to Wall Street: Danny Ryan’s new mission: Danny Ryan, previously a major researcher at the Ethereum Foundation, Left the EF in September But it took a few months to enter the organization to reunite the organization as its new leader. In January, Ryan “graduated from parting ways” along with the foundation, and in March he announced that he would join Etherealize, an organization dedicated to bringing Ethereum to Wall Street. In a interview with CoinDesk, Ryan said he made a move because he believed that Ethereum was at a point of technology -shaped: “Ethereum is greater than the EF. It’s not just some EF changes that will make or break the Ethereum greatly.” – Margaux Nijkerkk Read more.
Japanese tech giants Sony and Line Join forces: Sony’s blockchain division brings the Japanese social media line to the Web3 world, with plans to adapt some popular mini-apps to Sony’s Soeneium, the company announced. Line reports are approximately 200 million active users throughout its platform, and the agreement will bring four line-based games, or “mini-apps,” to Soneium: SleepAdongchi, Farm Frens, Puffy Match, and Pocket Mob. Integration is intended to facilitate features such as rewards and purchases of games. Soneium Went live In January, and at that time, the team said they expect Web2 users to bridge to the web3 space. Blockchain is a layer-2 on top of Ethereum that uses optimism In the stack Technology.– Margaux Nijkerkk Read more.
In other news
- The US House of Representative has injured an IRS rule that will impose information collection policies on decentralized creatures. The vote, supported by a Bipartisan group with 71 Democrats, is a huge win for Defi. Report.
- We can wait a little longer for new Crypto ETFs in US applications have been filed for a string of new creatures, including XRP, Solana (Sol), Dogecoin (Dogeo) and Litecoin (LTC). But a decision on this was not likely before President Trump’s choice to run the agency, Paul Atkins, was confirmed by the Senate. So far, there is no hearing on being scheduled. Reported by Helene Braun.
- In a large systematic win for the crypto industry, the Currency (OCC) Comptroller Office said that Federal -controlled banks can engage in various cryptocurrency activities without the preliminary approval. OCC also withdraws a requirement for banks to report crypto -related liquidity risks. Reports Sam Reynolds.
