The Solana protocol faces a massive challenge in convincing people to use its phone to do things they can do with existing phones. Author: Sam Reynolds, Bradley Keoun

Bitcoin trades flat around $19K (with the lowest volatility in two years), while Axie tumbles amid news of token unlocking. PLUS: Analyst Glenn Williams Jr. urges caution when interpreting bitcoin’s MVRV Z-score. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Author: Bradley Keoun, Glenn Williams, Jocelyn Yang

Algunos grandes administradores de activos continúan construyendo su estrategia de activos digitales, según el informe. Author: Will Canny

A judge still needs to approve a bankruptcy payout plan and the company could still scrap the deal in favor of a higher bid. Author: Sandali Handagama

One crypto developer says that centralization and reliance on private key holders are to blame, not the inherent technology and logic behind the bridges themselves. Author: Shaurya Malwa, James Rubin