Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter.
In this issue:
OKX Slashes OKB Token Supply by 50% With $7.6B Burn, Price Surges
ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs
Weaponized Trading Bots Drain $1M From Crypto Users via AI-Generated YouTube Scam
Babylon Introduces Trustless Bitcoin Vaults for BTC Staking Protocol
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Network news
OKX SLASHES TOKEN SUPPLY IN HALF: OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%. Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line with the hard cap coded into Bitcoin. The burn, or sending the tokens to a wallet addre
We współpracy z: https://www.coindesk.com/tech/2025/08/13/the-protocol-okx-slashes-native-token-supply-in-half
