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Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: Vitalik Buterin Proposes Replacing …

When Friends With Benefits burst into crypto consciousness in 2020, it was the kind of FOMO-inducing project that immediately had people talking. With a wink-wink, sexy name and members including musicians Erykah Badu and Azealia Banks, it was a club …

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, reporters on CoinDesk’s Tech team. In this issue: Can Ethereum Be Truly Private? Developers …

Late Friday, attorneys with the U.S. Securities and Exchange Commission and Binance filed a joint status report asking a federal judge to continue a 60-day pause in the case for another 60 days. You’re reading State of Crypto, a CoinDesk newsletter …

Also: Plus: EF gets new leadership; layer-2 BOB and Fireblocks integrate; new MetaMask roadmap.

Hsiao-Wei Wang and Tomasz Stańczak will be the new co-executive directors, as Aya Miyaguchi transitions into the organization’s President. Also, ex-EF researcher Danny Ryan shares that he is joining Etherealize.

Also: Avalanche Visa card launched; EF executive director leaving; hackers using fake GitHub to steal bitcoin.

The expansion is driven by optimism about potential regulatory changes under the Trump administration.

The growing number of new tokens may lead to liquidity fragmentation and decreased trader attention in any single project, CoinGecko COO said.

While some view it as a positive move for long-term growth, others worry it could lead to monopolistic behavior and harm innovation in the Solana ecosystem.