S&P Global’s credit rating of Sky Protocol reflects key concerns over governance centralization, weak capitalization and regulatory uncertainty. S&P Global Ratings assigned a “B-” issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major agency has issued a rating for a decentralized finance (DeFi) platform. The rating is part of S&P’s ongoing assessment of stablecoin issuers, which began in 2023 to evaluate their ability to maintain a stable value relative to fiat currencies. The review covers the creditworthiness of Sky’s liabilities, the USDS (USDS) and DAI (DAI) stablecoins and the sUSDS and sDAI savings tokens. Sky Protocol, evaluated for the first time, received a 4, labeled “constrained,” for the ability of USDS to maintain its peg to the US dollar. The scale runs from 1 for very strong to 5 for weak. Read more
LayerZero pitched a $110 million all-token deal to buy Stargate, but not everyone from the crypto protocol’s community is happy with the proposal. The LayerZero Foundation, which backs the cross-blockchain messaging protocol LayerZero, proposed acquiring the crypto protocol Stargate for $110 million, which has boosted the tokens tied to both projects. LayerZero laid out the plan in a post to Stargate’s forum on Sunday, pitching the offer as “designed to accelerate both Stargate and LayerZero, giving Stargate the resources to ship on an aggressive roadmap that expands its prerogative outside of bridging.” LayerZero would swap the platform’s token, Stargate Finance (STG), for its self-titled token LayerZero (ZRO) at a rate of 1 STG to 0.08634 ZRO, it said. Read more
Alena Vranova said that personal safety measures should not be ignored by Bitcoin and crypto investors with modest holdings. Alena Vranova, founder of SatoshiLabs, warned of the increase in wrench attacks, physical assaults and abductions carried out against Bitcoin (BTC) and crypto holders in an attempt to steal their private keys. “Every week, there is a Bitcoiner, at least one in the world, who gets kidnapped, tortured, extorted, and sometimes even worse,” Vranova told the audience at the Baltic Honeybadger 2025 conference in Riga, Latvia. She warned that even small crypto investors can be on the radar of violent criminals looking for a target. She added: Read more
The decentralized telecommunication project uses unmanned aerial drones in the stratosphere to provide wireless services to users. World Mobile is launching a blockchain-enabled 5G network using drones to beam connectivity directly to users worldwide. The company partnered with Indonesian telecom firm Protelindo to create World Mobile Stratospheric, an initiative designed to bridge gaps left by traditional communication infrastructure worldwide. The project uses hydrogen-powered drones, flying at 60,000 feet in the stratosphere, to provide wireless coverage of up to 15,000 square kilometers per aircraft using 450 guidable beams, Charles Barnett, the chief business officer of World Mobile Group, told Cointelegraph. This aerial network outperforms satellite-based telecommunications, with “6ms of total latency,” allowing it to provide service “up to 18 times cheaper” per gigabyte than space-based infrastructure, Barnett said. Read more
Ethereum bulls make a strong case for an ETH price rally toward $10,000 or above in the next six to eight months. Key takeaways: Ethereum is breaking out across multiple bullish setups on the price chart. Analysts see ETH rising to $6,000 soon, with $20,000 possible within a year. Read more