Bitcoin

In this week’s issue of The Protocol, our newsletter on blockchain tech, we’re covering the Optimism’s $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket’s (negligible) impact on Polygon’s bottom line.

BOB’s aim is to create bridges between itself and layer-1 blockchains like Ethereum, with the ultimate goal of making Bitcoin the center of DeFi.

The latest price moves in crypto markets in context for Oct. 30, 2024.

Over-the-counter desks hold 416,000 bitcoin valued around $30 billion, a level that has remained stagnant for the past month.

The Bhutan government recently deposited almost 1,000 BTC into a Binance deposit address. It holds $900 million of the asset.