Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.
In this issue:
- Crypto’s ‘Decentralized’ Illusion Shattered Again by Another AWS Meltdown
- Monad’s Fast EVM Chain Promises ‘Night and Day’ Performance Gains
- Quantum Computing Is ‘Biggest Risk to Bitcoin,’ Says Coin Metrics Co-Founder
- Securitize Unveils MCP Server to Power AI Access to Onchain Assets
Network News
AWS OUTAGE REACHES CRYPTO INDUSTRY: On the morning of Oct. 20, 2025, Amazon Web Services (AWS) experienced a major outage that cascaded into widespread service disruptions across thousands of websites and applications. Several large exchanges and crypto-service providers rely heavily on cloud infrastructure like AWS to power their trading platforms, wallets, analytics tools and matching engines. The ripple effect hit the crypto world: Coinbase reported that its trading platform and its Base layer-2 network both went down. ConsenSys’ Infura and
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Author: Margaux Nijkerk
