FIL News

Filecoin joined Litecoin as a top underperformer, declining 6.2% from Tuesday.

Ethereum Classic joined Filecoin as a top underperformer, falling 11.7%.

Fed Chair Jerome Powell said bitcoin is competing against gold, not the U.S. dollar, in an appearance on Wednesday.

Filecoin joined Polkadot as a top performer, gaining 16.3% from Tuesday.

Minima is working with ARM’s Flexible Access Program, which gives startups access to the hardware giant’s IP portfolio and chip design system.

In founding editor Bradley Keoun’s last issue of The Protocol, CoinDesk’s weekly newsletter devoted to blockchain technology, we’re covering Trump’s DOGE whistle and the slew of announcements from the big Ethereum conference Devcon in Bangkok.

With the crypto-friendly Donald Trump being elected president, industry leaders are now awaiting his first big move, which could be appointing a new chair of the U.S. Securities and Exchange Commission.

With the exception of the institutional asset RWA theme, most Web3 segments struggle to convince enterprises to hop on board. DePIN is the next most logical beachhead where enterprises will be clamoring to get involved with digital assets, says Outlier Ventures’ John Goldschmidt.

The regulator alleged the company “bought and sold” crypto assets that were sold as securities, but did not register as a securities dealer.

Internet Computer and Filecoin posted the steepest losses, down more than 6%.