Čtyři neaktivní peněženky s ETH po téměř osmi letech prodaly 33 623 ETH za 52,5 milionu USD. Podle on-chain dat šlo o realizovaný zisk asi 27,4 milionu USD.
After remaining untouched for nearly eight years, four Ethereum wallets have suddenly reactivated and executed large-scale sales. On-chain data reveals that these wallets collectively offloaded 33,623 ETH within just four hours, at an average price of $1,560 per ETH.
Wallets awakened after years of inactivityThese four wallets originally accumulated a total of 37,602 ETH in 2018, buying in at an average price of around $830 per token. In the latest transactions, most of these holdings were transferred to exchanges and sold off. According to available information, the total proceeds from the sales reached $52.5 million.
Mini glossary: Lookonchain is an on-chain analytics account that tracks blockchain transfers and large wallet movements. Arkham is a blockchain data platform renowned for tracing wallet activity and associating addresses.
Movements tracked by Lookonchain and cross-checked with Arkham data point to a realized profit of approximately $27.4 million based on entry costs. The article shares the wallet addresses involved and notes that these remained largely dormant since their initial accumulation period.
In its post, Lookonchain highlighted that the ETH had been held for eight years before finally being sold, yet even after all that time, the wallets did not benefit from previous, higher market valuations.
While these sales demonstrate that long-term investors can still lock in gains despite weakened market conditions, the profits remain limited compared to what could have been achieved during peak market rallies.
Profits fall short of all-time highsData shows that on paper, these wallets’ holdings once exceeded $150 million during past bull cycles. However, the owners did not sell during the major surges of 2021 and 2025, passing on peak exit opportunities.
Ethereum reached its all-time high of about $4,946 in August 2025. At that level, the wallets in question were worth exponentially more than the recent selling prices. Instead, the most recent sales occurred with ETH trading around $1,560.
ItemDataInitial amount purchased37,602 ETHAverage entry price$830Amount sold33,623 ETHAverage selling price$1,560Total proceeds$52.5 millionRealized profit$27.4 millionAnalysts point out that the divergence between potential peak value and realized profit exposes missed opportunities during past booms. The rapid completion of these recent sales also underscores a trend of long-term Ethereum holders now liquidating some of their positions.
Available data show that these wallets, after years of dormancy, executed sizable sales in a brief period. This pattern resembles recent behavior among other long-standing Ethereum holders.
Similar moves witnessed beforeThis string of transactions marks the latest example of early Ethereum investors reducing their holdings after years on the sidelines. In March, another early adopter sold roughly $31 million worth of Ethereum.
April likewise saw an ICO participant transfer 10,000 ETH, valued at approximately $23 million, after years of inactivity. With these latest moves, the reactivation of previously idle wallets is under close watch by market observers.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitmine Immersion Technologies (BMNR) byla zařazena do Russell 1000, což může přilákat miliardové pasivní přílivy. Firma drží asi 5,67 milionu ETH, tedy zhruba 4,7 % nabídky Etherea.
Bitmine Immersion Technologies, trading as BMNR on the NYSE, has met the eligibility criteria for inclusion in the Russell 1000 Index. The addition is expected to take effect on June 26, 2026, following a preliminary list publication in May 2026.
What Bitmine actually is, and why the Russell 1000 matters The company holds approximately 5.67 million ETH, which represents roughly 4.7% of the total Ethereum supply. Combined with cash and other assets, its total holdings clock in at approximately $10.7 billion.
The Russell 1000 Index tracks the largest 1,000 US-listed companies by market capitalization. It serves as a benchmark for large-cap investing, and more importantly, it’s the reference index for a massive ecosystem of passive funds, ETFs, and institutional portfolios that automatically buy whatever the index tells them to buy.
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Chairman Tom Lee indicated that the resulting inflows from index trackers could reach into the billions.
The Ethereum thesis, wrapped in a stock ticker BMNR co-founded Ethlabs, a collaborative initiative designed to accelerate Ethereum’s institutional adoption. The effort reportedly involves notable figures from the Ethereum ecosystem, including Joe Lubin.
The company’s investor roster includes ARK Invest, Founders Fund, and Pantera Capital.
The stock trades with high liquidity, reportedly seeing hundreds of millions in daily volume.
What this means for investors When passive funds buy BMNR shares, they’re indirectly gaining exposure to 5.67 million ETH. That means pension funds, 401(k) plans, and retirement accounts benchmarked to the Russell 1000 will, whether they realize it or not, suddenly have a slice of their portfolio tied to the price of Ethereum.
When MSTR entered the Nasdaq 100 in late 2024, it triggered a wave of passive buying that helped stabilize the stock’s premium to its underlying Bitcoin holdings.
The preliminary list drops in May 2026, which gives institutional investors about a month to position ahead of the June 26 effective date.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Krypto ETF za 30 dní ztratily asi 5 miliard USD, protože odlivy zasáhly Bitcoin, Ethereum, Solanu i XRP. Spotové Bitcoin ETF v USA zaznamenaly největší denní odliv v červnu, 696,29 milionu USD.
Institutional demand for cryptocurrency ETFs weakened sharply this week as investors pulled billions of dollars from products tied to Bitcoin, Ethereum, Solana, and XRP. The latest wave of redemptions coincided with Bitcoin falling below $60,000, marking one of the most challenging periods for crypto investment products since the launch of spot ETFs in the United States.
US-listed spot Bitcoin ETFs recorded their largest daily net outflow in June on Thursday, while Solana ETFs are headed toward their first monthly net outflows on record. Across the broader market, crypto ETFs have collectively lost approximately $5 billion over the past 30 days, highlighting a widespread shift in investor sentiment.
Bitcoin ETFs post June's biggest outflow According to SoSoValue data, US spot Bitcoin ETFs recorded net outflows of $696.29 million on Thursday, surpassing the previous monthly high of $519.2 million recorded on June 2. The latest withdrawals extended Bitcoin ETF outflows to 6 consecutive trading days.
June has now recorded total net Bitcoin ETF outflows of $3.61 billion, while year-to-date net outflows have reached $4.56 billion. Since the beginning of May, investors have withdrawn approximately $6.04 billion from spot Bitcoin ETFs.
The selling pressure also appeared concentrated among the industry's largest funds. Fidelity's FBTC recorded $274 million in net outflows on Thursday, while BlackRock's IBIT lost another $265 million. The previous trading session on June 24 had already seen another $469.08 million leave US spot Bitcoin ETFs. The outflows have significantly reduced the size of the US Bitcoin ETF market.
SoSoValue data shows that total net assets across US-listed spot Bitcoin ETFs have fallen below $73 billion for the first time since late 2024. Combined assets now stand at approximately $72.57 billion. The decline represents a substantial drop from the sector's peak of $169.5 billion reached in October 2025, leaving total assets approximately 57% below their record highs.
More recently, total Bitcoin ETF assets have fallen from $104.29 billion on May 15 to $72.57 billion, extending a 7-week decline. Bitcoin ETF assets now represent 6.09% of Bitcoin's circulating market capitalization, down from more than 7% during the May peak.
Solana ETFs Record Their Worst-Performing Month Solana investment products also experienced notable weakness. June is on track to become the worst month on record for US spot Solana ETFs, with the category posting its first monthly net outflows. Net redemptions currently total $5.80 million for the month. On Thursday alone, Solana ETFs lost $3.94 million, with all of the outflows coming from Bitwise's $BSOL fund.
Ethereum products also joined the broader selling trend. Spot Ether ETFs recorded combined net outflows of $81.87 million, with BlackRock's $ETHA accounting for $62.99 million of the withdrawals. XRP ETFs remained flat during Thursday's session, recording neither net inflows nor net outflows.
While other Hyperliquid-related investment products experienced withdrawals, Grayscale's $HYPG fund stood out as the sole major crypto ETF to record net inflows, drawing in $112.73 million. This positive momentum was primarily the result of Hyper Holdings providing the fund with seed capital in the form of 2 million $HYPE tokens.
Bitcoin falls below $60,000 The ETF selling coincided with another sharp decline in cryptocurrency prices. Yesterday, Bitcoin briefly fell to $58,050, its lowest level since October 2024, before recovering to around $60,000. The recent market weakness has been linked to concerns surrounding Strategy and its $STRC preferred shares, which declined further to a new all-time low of $72 earlier today.
Solana also came under heavy pressure during the broader market sell-off, briefly dropping to $64 before leading the recovery among majors with an over 10 % rise in the last 24 hours.
Will The Sentiment Remained Subdued? Market observers continue to view ETF flows as an important measure of institutional demand. Citi has previously described Bitcoin ETF flows as one of the best indicators of investor adoption and expects sentiment to remain subdued while ETF flows stay negative.
In a recent report, CoinShares noted that Bitcoin's recovery from approximately $58,000 indicates continued buying interest during market declines, although resistance around $60,000 remains significant. The firm also observed that whale selling, which contributed heavily to the October market decline, has slowed considerably. However, the firm cautioned that whales historically do not return as consistent buyers until the next Bitcoin halving cycle, which is expected in 2028.
Looking ahead, CoinShares expects market conditions to remain challenging as inflation concerns, elevated oil prices, and a hawkish Federal Reserve continue to weigh on risk assets. The firm also believes delays in passing the CLARITY Act could extend uncertainty about the US regulatory environment, with the legislation now more likely to advance toward the August congressional recess than in early July.
For now, persistent ETF outflows across nearly every major cryptocurrency suggest institutional investors remain cautious as falling prices, macroeconomic uncertainty, and concerns surrounding Strategy continue to pressure digital asset markets.
Read More on SolanaFloor Solmate Board Under Scrutiny Over Alleged $18M Dilution of Shareholder Value
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Bývalý člen Ethereum Foundation Trent Van Epps varoval, že Ethereum může během 3 až 9 měsíců čelit kritické mezeře ve financování vývoje. Zároveň uvedl, že ETH je po prudkém poklesu v přeprodaném pásmu.
Former Ethereum Foundation member Trent Van Epps warned on Thursday that Ethereum (CRYPTO: ETH) faces a critical funding gap within 3 to 9 months.
Why The Foundation Is Pulling Back On PurposeVan Epps, who spent five years at the Ethereum Foundation before recently stepping away, explained in an interview with Coindesk that the organization is deliberately pushing legitimacy and funding power out into the broader ecosystem rather than holding onto it.
The Foundation’s treasury, built from the network’s earliest days, has funded critical shared resources like client development and the move from proof of work to proof of stake, but that treasury is shrinking by design.
Core development funding needs sit at roughly $30 million per year, a small figure against Ethereum’s $200 billion market cap and the trillions in stablecoin settlement the network handles.
The problem isn’t a lack of need. It’s that as the Foundation steps back, no clear institution has stepped up to fill the gap, even as the Foundation recently cut its workforce by 20% and saw executives depart.
Protocol Guild Raised $40 Million In Four Years, But It Isn’t EnoughVan Epps built Protocol Guild, a collective funding mechanism for Ethereum’s core developers, distributing nearly $40 million over four years.
“We’ve had some good success,” he said, “but ultimately it’s not sufficient.”
He pointed to the free-rider problem as the core obstacle to fixing it.
“If somebody donates, but their competitor doesn’t, all of a sudden they have a distinct advantage over somebody who’s parted with some of their resources to fund the shared resource,” he said, calling coordination among large stakeholders genuinely hard even when most understand what’s at stake.
Beyond the funding question, Van Epps argued ETH as an asset needs fresh, confident storytelling that connects the token directly to the EVM’s dominance, the engine underpinning roughly 90% of total value locked across crypto including layer-2 networks.
ETH’s Chart Shows Oversold Conditions After A Sharp Trendline BreakETH broke a rising trendline that had held since February, triggering a fast move down through $1,900, then $1,800, into the $1,557 level.
The death cross from November 2025 remains intact across all major moving averages.
RSI sits at 28.98, an oversold reading that often precedes bounce attempts even within a larger downtrend.
The 20-day EMA at $1,707.57 and 50-day EMA at $1,864.11 sit overhead as the first levels traders will watch for any recovery to either fail or gain real traction.
Image: Shutterstock
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Sharplink bought 5,000 ETH worth $7.85 million on Thursday, its first ether acquisition in eight months, according to onchain data cited by analysis provider EmberCN.
EmberCN pointed to Arkham data showing that the Ethereum treasury firm received 5,000 ETH from FalconX. Its last ether purchase was in October 2025, when it obtained 19,270 ETH ($78.3 million).
As of June 21, Sharplink held 876,285 ETH, worth roughly $1.3 billion, according to its website. EmberCN estimated that the company's average acquisition cost stood at $3,609 per ETH, which implies an unrealized loss of about $1.79 billion.
The company has not publicly disclosed the reported ETH purchase. The Block has reached out to Sharplink for confirmation.
Sharplink remains the world's second-largest public ETH treasury company, behind Tom Lee's Bitmine Immersion, which held 5.67 million ETH ($8.7 billion) as of June 14.
Sharplink rebranded from SharpLink Gaming in February as it expanded from traditional ether staking into other onchain yield strategies. The company reported $12.1 million in total revenue in the first quarter of this year, a significant leap from just $742,000 in the same quarter last year.
The treasury firm recently supported the launch of Ethlabs, a nonprofit founded by a group of former Ethereum Foundation researchers to help prepare the network for its "next phase" of institutional adoption. Ethlabs is also backed by Ethereum co-founder and Sharplink Chairman Joe Lubin, as well as Bitmine Immersion.
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Ethereum fell 5% over the past 24 hours to trade at $1,534 as of 10:40 p.m. Thursday, according to The Block's price page. The crypto market saw a broader decline, with bitcoin dropping 3.3% to $58,787. Tether's USDT, meanwhile, surpassed Ethereum's $185.4 billion market cap with $186.1 billion.
Sharplink's Nasdaq-listed shares closed down 3.49% at $4.56 on Thursday. The stock has fallen 26.8% over the past month and 50.4% over the past six months.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
XRP Ledger poprvé překonal Ethereum jako hlavní hostitel emise $RLUSD, když na XRPL leží $801M oproti $795M na Ethereu. Jde o historický posun v distribuci stablecoinu Ripple.
The XRP Ledger ($XRPL) has flipped Ethereum as the primary host for $RLUSD supply for the first time since the stablecoin launched. On-chain data cited by @BSCNews shows $801M in $RLUSD sitting on the XRP Ledger, compared to $795M on Ethereum, marking a narrow but historically significant shift in how Ripple's flagship regulated stablecoin is distributed across networks.
A Long Road to the Top The turnaround has been dramatic. By October 2025, approximately 88% of all RLUSD supply sat on Ethereum, with just $91 million on the XRP Ledger. The gap closed steadily from there. Q1 2026 was the first quarter in which RLUSD grew by more on the XRPL (plus $105.4 million) than on Ethereum (plus $15.2 million), signalling that the momentum had genuinely shifted. By June 2026, XRPL stablecoin supply reached $762M, largely driven by RLUSD, before the latest on-chain figures pushed it past the Ethereum figure for the first time.
The initial Ethereum dominance was driven largely by that network's deeper DeFi ecosystem. Ripple added RLUSD to Aave in 2025, helping boost adoption among Ethereum users, while platforms such as Curve and Morpho also supported RLUSD, giving the stablecoin more visibility and utility. Those integrations kept a large portion of supply anchored on Ethereum for most of the stablecoin's early life.
What Is Driving XRPL's Gain RLUSD's strategic advantage on the XRPL is its integration across Ripple's financial products, which provide immediate access for regulated institutional enterprise use in payments, treasury management, prime brokerage, and custody. This allows RLUSD supply to grow from real institutional demand rather than just exchange liquidity. The majority of RLUSD holders are also on the XRPL, with 46,209 on the network compared to 7,821 on Ethereum at Q1 2026 close.
The broader XRPL ecosystem has also been expanding rapidly. The XRPL closed Q1 2026 with an all-time high real-world asset (RWA) market cap of $2.25 billion, up 124% quarter-over-quarter, making it the seventh largest network by RWA market cap. A key institutional proof point came in May 2026 with a tokenized US Treasury redemption pilot involving Ondo Finance, JPMorgan Kinexys, Mastercard, and Ripple, completing a cross-border transaction in 4.2 seconds.
RLUSD is natively issued on both the XRP Ledger and Ethereum blockchains and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars. The stablecoin is regulated under a New York Department of Financial Services trust charter, a compliance posture that has helped attract institutional counterparties to both chains. Whether XRPL can hold and extend this lead over Ethereum's entrenched DeFi liquidity base remains to be seen, but the milestone itself marks a meaningful shift in how Ripple's native infrastructure is being used.
Sources:
Messari: State of XRP Q1 2026
Ripple: RLUSD Stablecoin Official Page
Yahoo Finance: XRPL Ripple Stablecoin Supply Surges to $762M
BlackRock poslal na Coinbase Prime dalších 3 410 BTC a 5 132 ETH v hodnotě asi 218 milionů USD. Trh to čte jako možné pokračování prodejů uprostřed odlivů z ETF.
BlackRock remains affected by the consistent outflows witnessed across both the Bitcoin and Ethereum ETF markets, and has continued to offload large amounts of its holdings.
In a familiar move showcased by blockchain monitoring platform Lookonchain, BlackRock has deposited another 3,410 BTC and 5,132 ETH to Coinbase Prime in multiple transfers spotted on Thursday, June 25.
BlackRock dumps crypto non-stopThe data further revealed that the Bitcoin and Ethereum transfers were worth $209.64 million and $8.43 million, respectively, per the assets' prices at the time of the transactions.
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The total deposits happened in a series of about seven separate transfers, with nearly all of them carrying 300 BTC each, while only one separate transfer moved Ethereum to the Coinbase wallet.
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While this transfer happened at a time when the broader crypto market is facing downside pressure, market watchers fear that the move from BlackRock could further fuel the ongoing volatility.
Did BlackRock actually sell?Although BlackRock did not clarify the reason it has continued to offload large stashes of its Bitcoin and Ethereum holdings on Coinbase, the transfers have triggered speculation across the market, with traders interpreting them as potential attempts to sell.
It is important to note that deposits to Coinbase Prime or other crypto exchanges do not necessarily confirm an immediate sale. However, investors have become suspicious of BlackRock's frequent deposits, as the timing of the transfers has intensified concerns and signals that BlackRock might actually be selling.
This is more apparent, as the company has been found to sell only when its ETF products record withdrawals during their daily trading sessions.
Ondo Finance spustila první 24/7 minting a redeemaci tokenizovaných amerických akcií a ETF, včetně $SPYon, $QQQon, $NVDAon a $TSLAon. Funkce běží na sítích Ethereum a BNB Chain.
Round-the-Clock Access to Tokenized U.S. Equities@OndoFinance has activated what it describes as the industry's first 24/7 minting and redemption cycle for tokenized U.S. stocks and ETFs, a move that formally severs the dependency of real-world asset (RWA) products on traditional market hours.
Investors can now execute primary issuance and liquidations for $SPYon, $QQQon, $NVDAon, and $TSLAon during overnight sessions, weekends, and public holidays, periods when NYSE and Nasdaq are closed. The update eliminates the reliance on legacy banking schedules, allowing tokenized shares to be created or redeemed in real time regardless of exchange downtime.
Each tokenized asset is an ERC-20 token backed 1:1 by the underlying security, held by U.S. broker-dealers along with cash in transit. The tokens are total-return trackers that mirror the economic performance of their underlying assets, including price movements, dividends, and corporate actions.
Multi-Chain Rollout and Growing Platform ScaleThe 24/7 architecture is currently live on @Ethereum and @BNBChain, with a @Solana deployment scheduled for the near term. Ondo had already expanded to Solana earlier this year: Ondo Global Markets, the world's largest tokenized stock and ETF platform by total value locked, became available on Solana with more than 200 tokenized U.S. stocks and ETFs, including NVDA, AAPL, META, and ETFs such as SPY and QQQ.
Ondo Global Markets has surpassed $1 billion in tokenized stock TVL less than eight months after launch, becoming the first tokenized stocks platform to cross that mark. The platform now offers more than 260 tokenized U.S. stocks and ETFs across Solana, Ethereum, and BNB Chain, with access through wallets, exchanges, custodians, and protocols including Binance, Bitget, MetaMask, and Blockchain.com.
Ondo said Global Markets holds more than 70% market share among tokenized equity issuers and has secured regulatory approval to offer tokenized stocks and ETFs across 30 EU and EEA countries.
The broader significance of the 24/7 minting update is structural. By enabling round-the-clock mint and redeem operations, Ondo aims to make equities and ETFs composable components within the DeFi ecosystem, substantially expanding the asset universe and extending trading hours for on-chain finance. This also removes the T+1 settlement delay that traditional stock trading requires and enables transferring equity exposure between wallets as easily as sending stablecoins.
Sources
Ondo Global Markets tops $1B in TVL, Crypto Briefing
Ondo Global Markets launches on Solana, Solana.com
Deep Dive of Ondo Finance, TokenInsight
Decentralized finance (DeFi) protocol Spark has deployed approximately $150 million in stablecoin liquidity across two Uniswap v4 pools on Ethereum as part of a collaboration aimed at creating shared liquidity and exchange infrastructure for stablecoin issuers.
A Spark spokesperson told Cointelegraph that the initial deployment is live in two pools pairing USDS with PayPal USD (PYUSD) and USDT, with USDS serving as the foundation. Spark described the deployment as one of the largest automated market maker (AMM) liquidity migrations in DeFi.
“These pools represent the initial deployment of approximately $150 million of liquidity and establish the first phase of the Stablecoin FX Layer,” the spokesperson said. “This initial deployment focuses on bootstrapping shared liquidity on Uniswap v4.”
Earlier this month, Standard Chartered identified Uniswap as a potential beneficiary of tokenized assets moving into DeFi. It forecast that total assets held in DeFi could reach $2.7 trillion by 2030, with Uniswap potentially emerging as a liquidity venue for the growing market.
The deployment announced Thursday lays the groundwork for a planned programmable liquidity system that could reduce the need for banks, financial technology firms and stablecoin issuers to build separate liquidity networks while testing whether Uniswap can make onchain capital more efficient without weakening market depth.
Spark plans programmable liquidity expansionSpark said it plans to introduce its Shared Liquidity Layer and DualPool hook in subsequent phases using Uniswap v4's programmable architecture to coordinate how liquidity is distributed across stablecoin markets.
A liquidity hook enables protocols to seamlessly integrate with platforms for capital access and developing yield and trading strategies.
Spark said a hook is intended to allow capital not immediately needed for trades to be deployed into governance-approved products, liquidity venues and yield-generating strategies.
The implementation of the DualPool hook will go through a separate security review, testing and production-readiness process before deployment. The first phase uses standard Uniswap v4 pools rather than the planned programmable framework.
Spark said the planned framework is intended to give future stablecoin issuers access to shared liquidity rather than requiring them to individually bootstrap pools, coordinate market makers and manage inventory across different venues.
The spokesperson told Cointelegraph that Spark is working with additional partners across the stablecoin ecosystem but is not yet ready to disclose those integrations.
Uniswap seen as winner as tokenized assets move onchainIn a June 15 note to clients, StanChart's bank's head of digital assets research, Geoff Kendrick, said that tokenized treasures, equities, bonds and other assets could bring more trading activity and liquidity to decentralized exchanges as their DeFi use expands.
DeFi total value locked as of June 25. Source: DefiLlama
This new $150 million migration offers a more immediate test of StanChart's infrastructure thesis, though it involves stablecoins rather than tokenized securities.
The migration also follows Uniswap’s push into institutional tokenized-asset trading. On Feb. 12, BlackRock said it would bring its $2.1 billion tokenized Treasury fund, BUIDL, to Uniswap, allowing eligible institutional investors and market makers to trade the security through decentralized infrastructure.
Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Joseph Lubin uvedl, že Ethereum je blízko klíčovým aktualizacím pro lepší interoperabilitu mezi Layer 1 a Layer 2. Základem mají být zero-knowledge proofs a systém Interchain Token Movement.
Ethereum, the world’s second-largest digital asset by market cap, continues to serve as a foundational platform for smart contracts and blockchain innovation. Developed by figures such as Vitalik Buterin and Consensys co-founder Joseph Lubin, Ethereum remains at the heart of groundbreaking advancements within the blockchain ecosystem.
Major technical upgrades aheadAs Ethereum holds its position as the main settlement layer for decentralized finance, NFT transactions, and tokenized assets, forthcoming protocol changes are being closely watched by both developers and institutional players. Most recently, Ethereum co-founder Joseph Lubin revealed that the network is just steps away from significant technical upgrades designed to enhance interoperability.
Joseph Lubin emphasized that advances in zero-knowledge proofs are being developed to enable faster and more secure communication between Ethereum’s Layer 1 and Layer 2 structures.
Among the highlighted technical themes is zero-knowledge proof (ZKP) technology, which allows information to be verified without revealing its content. This targeted approach aims to address longstanding security vulnerabilities present in traditional blockchain bridges, a subject of considerable debate in the industry.
Mini glossary: A zero-knowledge proof is a cryptographic method that allows someone to prove the validity of information without disclosing the information itself. Layer 2 refers to scaling solutions that process transactions off the main network and settle results on Ethereum.
Layer 2 interoperability strategy on the riseThis strategy closely aligns with Ethereum’s ongoing shift towards a rollup-centric approach, where an increasing portion of transactional load is handled by Layer 2 solutions. The network’s fragmented ecosystem structure has underscored the urgency of seamless interoperability between various components.
The report also highlighted the potential of a system called Interchain Token Movement, which could reduce reliance on risk-prone blockchain bridges. By improving connections between disparate ecosystems built around Ethereum, the initiative aims to form a more unified blockchain environment.
Potential effects for institutions and developersLower counterparty risk and faster settlement times are among the most notable benefits for institutional investors and DeFi protocols. For developers, enhanced toolkits could make it far easier to build robust multi-chain applications in practice.
Exchanges and custodial service providers may also see streamlined operational flows as a result. On the other hand, added complexity in transaction structures could lead to increased ETH burning, potentially altering the token’s circulating supply dynamics.
Competition intensifiesThese zero-knowledge-driven interoperability steps coincide with regulatory frameworks for digital assets becoming clearer and a surge in institutional interest. Still, rival networks such as Solana and projects adopting modular blockchain architectures are also pushing towards similar goals.
This evolving landscape has reignited debate about whether Ethereum can maintain its real-world interoperability advantage. The timing and effectiveness of the planned technical rollouts may prove decisive for Ethereum’s ecosystem competitiveness in the coming months.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
SEC schválila změnu pravidel pro zalistování aktivně spravovaného T. Rowe Price Active Crypto ETF na NYSE Arca. Fond má držet zhruba 5 až 15 různých kryptoměn včetně BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE a LINK.
On June 14, U.S. Securities and Exchange Commission (SEC) filings show the regulator has formally approved a rule change proposed by NYSE Arca that enables the listing and trading of the T. Rowe Price Active Crypto ETF. An actively managed cryptocurrency ETF, the fund will invest in a basket of digital assets meeting SEC-defined "eligible asset" criteria. While it uses a cryptocurrency index as its benchmark, it will not track that index passively. The filing notes the fund is projected to hold roughly 5 to 15 distinct cryptocurrencies, including major tokens like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Litecoin (LTC), Polkadot (DOT), Dogecoin (DOGE), and Chainlink (LINK). The SEC filing also reveals the fund may hold stablecoins—primarily USDC—as "tokenized cash" during normal operations to cover expenses and rebalance assets, though these will not count toward its core investment portfolio. The approval notice stresses the product must adhere to NYSE Arca’s rules around anti-manipulation, disclosure, liquidity, and risk management. It also requires the fund to have information barriers (often called "firewalls") and position transparency mechanisms in place to uphold market fairness and prevent insider trading. Analysts say this ETF’s approval further expands cryptocurrency’s footprint within the traditional financial sector, marking the arrival of actively managed multi-crypto ETFs as tradable products under mainstream regulatory oversight.
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According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
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US Secretary of State Rubio stated, "We will not accept the assertion that the Strait of Hormuz belongs to any country." (Jinshi)
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A spokesperson for the Iraqi government stated that Iraq is working to restore its full oil export capacity and plans to increase its oil production to 7 million barrels per day in the coming years. (Jinshi)
Yearn Finance přišlo kvůli chybě v kontraktu yETH o zhruba 9 milionů USD. Útočník během jediné transakce vytvořil 2,35 × 10³⁸ yETH a vyčerpal likviditu poolu.
They always come back, more inventive, more technical. Hackers have just struck a new blow in the crypto sphere. This time, Yearn Finance is the victim. Outcome: 9 million dollars vanished. Behind the exploit, a bug of rare complexity in the yETH contract. On the surface, a simple swap. In depth, mathematical chaos. And worst of all, this is not an isolated case.
In brief Yearn Finance loses 9 million due to a flaw in a custom swap contract. The technical bug: a division omitted in the calculation of the virtual balance product. The attacker uses temporary contracts to drain assets and obfuscate the trail. A single transaction is enough to pocket 100% of the affected yETH pool liquidity. When arithmetic explodes: a bug worth millions On November 30, a user was able to create 2.35 × 10³⁸ yETH thanks to a subtle flaw in the swap() function of the smart contract. This contract was supposed to maintain a balance rule between tokens. Except a critical division was omitted in the formula. Result: the variable vb_prod ran away. Like a speedometer stuck in overdrive, it deceived the protocol about its own health.
The exploit was confirmed by PeckShield, who alerted in a tweet that nearly 9 million dollars had been lost. Part of the funds — about 3 million in ETH — was sent via Tornado Cash, a famous crypto mixer used to obscure trails. The rest still sleeps in the hacker’s address.
The severity of the bug is not a simple oversight. As Ilia.eth explained on X:
Today’s exploitation of the $yETH pool was not a flash loan type price attack, but indeed a structural collapse of the AMM’s internal accounting. Here is a technical analysis showing how a simple omitted division led to complete protocol drainage.
This flaw painfully recalls the precedent of Balancer, where poor rounding management caused similar chaos. Same cause, same effect: uncontrolled monetary creation followed by a legitimate but destructive withdrawal.
Helper contracts to raze Yearn Finance’s architecture It’s not just the bug that impresses. It’s the attack engineering. In a single transaction, the hacker orchestrated everything: deployment of “helper contracts,” token minting, conversion to ETH, fund transfer, and self-destruction of contracts to erase traces.
According to Blockscout, each helper contract executed a targeted call to the vulnerable function, then sent the ETH to a master wallet before disappearing. A strategy worthy of a heist movie, where the robber erases his digital footprints in the same second he acts.
The key address identified by several analysts is: 0xa80d…c822, currently still holding about 6 million in stETH, rETH, and other Ethereum derivatives.
On X, William Li offers further reading:
The hacker actually did not withdraw all the yETH he created, he only sold part of it in the yETH-ETH pool for 1,000 ETH (about 3 million dollars) — which is far less than the real gain he made (P2).
More than a theft, it is therefore a controlled disintegration of the yETH protocol. And behind the attack, a deep mathematical knowledge, coupled with cold and precise programming talent.
Crypto and trust: when code becomes Achilles’ heel Yearn Finance is far from an amateur project. Yet, the flaw was detected neither by users nor by audits. This is where the matter becomes worrying for the entire crypto market. Because this type of error — a multiplication instead of a division — could exist elsewhere, lurking in other protocols.
The yETH contract structure is a hybrid between Curve and Balancer. Except that instead of recalculating each transaction, it stores an intermediate state (vb_prod) supposed to be updated after each swap. A dangerous practice, according to Ilia.eth:
Storing complex product results (vb_prod) to update them incrementally is extremely risky. Errors accumulate, and the slightest logical bug can remain active indefinitely. It would be better to recalculate invariants from current balances.
The hack revives the debate: should gas economy or rigor be prioritized? One thing is certain: the consequences of a botched trade-off now amount to millions. At Yearn, the time is for remobilization: SEAL911, ChainSecurity, and a post-mortem investigation are already on the front line.
5 key facts about the Yearn Finance exploit November 30, 2025: date of the hack; $9 million: estimated total losses; 2.35 × 10³⁸ yETH: artificially created tokens; Single transaction: the entire attack happened in one block; Helper contracts: deployed, used, then self-destructed. Calculation errors in crypto do not forgive. And for good reason: it’s not another audit that would have avoided the carnage. Balancer, despite 11 security audits, was also emptied by an almost twin bug. A simple multiplication factor can become a weapon of mass destruction when finance becomes programmable. Protocols have short memory, but blockchains never forget.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
A Balancer attacker has converted 21k ETH (about $48.7M) to 617 BTC over three days, leaving only 1k ETH in the hacker’s address. The probability of another $100 million crypto hack by December 31 is at 100% YES on Polymarket.
This conversion is part of the attacker’s ongoing liquidation of stolen funds. The crypto hack market sits at 100% YES with 251 days left until resolution. The certainty reflects how frequently hacks exceeding $100M have occurred, making another one before year-end a near-foregone conclusion.
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The liquidation of this much ETH into BTC has added selling pressure on Ethereum. The probability of Ethereum being above $2,600 on April 26 is at 0.2% YES across multiple sub-markets. That market has minimal daily trading activity at $3 actual USDC, meaning traders are not expecting a price rebound within the next two days.
The hack prediction market has zero volume, so the 100% YES price reflects the near-certainty of resolution rather than active trading. Buying YES at 100¢ offers no return since the market is already priced to certainty.
Watch on-chain investigators like ZachXBT and firms like Chainalysis for further details on the Balancer attacker’s movements. Ethereum’s short-term price will depend partly on whether the remaining 1k ETH gets liquidated and on any additional large ETH outflows tied to this or similar exploits.
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Another Crypto Hack Over 100m December 31
Contract Odds Δ since publish Volume 24h December 31 100% 0.0¢ — View market → Ethereum Above On April 26
Contract Odds Δ since publish Volume 24h April 26 0.2% — — View market → What Price Will Ethereum Hit Before 2027
Contract Odds Δ since publish Volume 24h December 31 1.9% -2.1¢ $13K View market → Updated 4min ago
Humanity Project uvedl, že při cross-chain útoku bylo z blockchainů Ethereum a BNB Chain odcizeno a prodáno asi 141,18 milionu H tokenů. Útočník získal klíč přes phishingový e-mail maskovaný jako upozornění od Bithumb.
June 14 — The Humanity Project team issued a statement in the early hours of yesterday regarding a cross-chain attack targeting its H token that took place on June 8. The attacker used a phishing email to gain access to a board member’s device, stealing their private key to execute on-chain transactions. The report noted the attack displayed technical tactics and tooling similar to those linked to a North Korean hacker group. The breach occurred across both Ethereum and BNB Chain. Using the stolen key, the attacker upgraded the Ethereum contract and transferred roughly 141.18 million H tokens. Simultaneously, they seized control of the BSC-side ProxyAdmin contract and minted additional tokens. Over an approximately 8-hour window, the attacker gradually sold these assets on Uniswap and PancakeSwap, disrupting liquidity and harming token holders. The project team confirmed the attack vector was a targeted social engineering phishing email disguised as an update notification from crypto trading platform Bithumb. The victim was tricked into opening a malicious attachment, which installed a remote access trojan that granted full device control, enabling theft of wallet data and private keys. As of the latest update, the Ethereum-side H contract has been frozen via an unaffected multi-signature (multi-sig) mechanism. However, the BSC-side deployment remains under the attacker’s control, leaving open the potential for additional minting. The team is collaborating with exchanges and stakeholders to develop fixes and remedies, and advised users to stay on alert for phishing links and scam messages.
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South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
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Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
Tether rozšiřuje stablecoin USAT na blockchain Celo, což je jeho první expanze mimo Ethereum mainnet. Google Cloud zajistí infrastrukturní podporu a Celo začne proces pro jeho použití jako gas currency.
In brief Tether’s USAT stablecoin is launching on the Celo blockchain, its first expansion beyond Ethereum. Google Cloud provides infrastructure support for the stablecoin's distribution system. A privacy-preserving faucet allows verified users to access USAT tokens through proof-of-humanity verification. Tether announced Tuesday that the USAT stablecoin is expanding to the Celo blockchain, an Ethereum layer-2 scaling network, marking the regulated digital dollar's first deployment beyond the Ethereum mainnet.
The launch will bring USAT—a stablecoin issued by Anchorage Digital and targeted at the U.S. market—to Celo, with Google Cloud providing infrastructure support alongside plans for the stablecoin to serve as a gas currency on the layer-2 network.
“More than 566 million people globally use USDT as a reliable way to access and move dollars, particularly in markets where traditional financial infrastructure falls short. Expanding USAT to Celo builds on that foundation by bringing regulated digital dollar infrastructure into one of the most active on-chain economies today,” said Tether CEO Paolo Ardoino, in a statement.
“This is how we continue to extend access to trusted, programmable money at a global scale,” he added. “What matters now is ensuring these systems are accessible in the environments where people are already transacting every day.”
Celo brings significant mobile reach through Opera MiniPay's 14 million wallet users globally. Celo co-founder and CEO Rene Reinsberg called the launch "a powerful validation of the infrastructure we've spent years building," highlighting Tether’s selection of Celo for its first layer-2 deployment for USAT following its initial January rollout on Ethereum.
The technical implementation includes a mainnet faucet system enabling verified users to access USAT through privacy-preserving proof-of-humanity verification developed with Self and Google Cloud. Following deployment, Celo governance will begin the process to enable USAT as a gas currency on the network.
“By bringing USAT to Opera MiniPay’s millions of mobile-first users, we are showing what the next generation of financial access looks like: trusted, compliant, and instantly available,” said Celo co-founder Rene Reinsberg, in a statement.
Deloitte performed the first USAT attestation report, released earlier this month, showing that the firm had $17.6 million in reserves—comprised of cash and U.S. Treasuries—backing about $17.5 million in tokens as of January 31.
Tether’s flagship USDT stablecoin, which leads the industry with an $184 million market cap, has never had a full independent audit from one of the “Big Four” accounting firms. However, last week, Tether said that it had signed one of the firms for an audit, but did not reveal which firm would do it. A subsequent Financial Times report said KPMG would conduct the audit.
Editor's note: This article was updated after publication for clarity.
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Uniswap chce rozšířit fee-and-burn na BNB Chain, Polygon a Celo, čímž by se systém rozšířil na 13 blockchainů. Současně CryptoQuant ukazuje rostoucí odtoky UNI z Binance, což naznačuje akumulaci.
TLDR: Uniswap’s temp check vote targets BNB Chain, Polygon, and Celo, expanding the fee-and-burn to 13 chains. Every swap generates a protocol fee that bridges to Ethereum and permanently burns UNI at a dead address. CryptoQuant data shows rising UNI net outflows on Binance, pointing to smart money accumulation near lows. The governance vote closes May 21st with 18.1M UNI cast, 100% in favor, and the 10M quorum already cleared. Uniswap is moving to extend its fee-and-burn mechanism to BNB Chain, Polygon, and Celo. A temp check vote is currently underway, drawing strong community support.
Meanwhile, on-chain data from CryptoQuant shows rising net outflows on Binance as UNI trades near its lower price range. Together, these developments are drawing fresh attention to the token’s near-term outlook.
Governance Vote Targets 13-Chain Fee-and-Burn Rollout The proposal, shared via Snapshot.eth on behalf of Uniswap’s governance, aims to bring the fee-and-burn system to three additional networks. If passed, the rollout would cover 13 chains in total.
Every swap on these networks generates a protocol fee, which bridges back to Ethereum and permanently burns UNI at a dead address.
The system has been live since December across Ethereum and nine other networks. BNB Chain and Polygon would connect through Wormhole’s Native Token Transfer setup.
Celo was approved in an earlier vote but failed due to a configuration error. This proposal corrects that path and re-runs the execution.
Forum member Abel189 described the move as “a coherent next step” given Uniswap’s “increasingly multi-chain reality.”
@Uniswap is running a temp check to extend its fee-and-burn system to @bnbchain, Polygon, and @Celo, bringing the rollout to 13 chains.
Every swap generates a protocol fee that bridges back to Ethereum and permanently burns $UNI at a dead address. The system has been live since… pic.twitter.com/13h6954YSG
— Snapshot.eth (@SnapshotLabs) May 20, 2026
He supports incremental, chain-by-chain expansion but flagged growing cross-chain messaging complexity as a key watch item going forward.
L2BEAT’s governance team, including members Kaereste and Manugotsuka, voted in favor after their research team verified the implementation, contracts, and expected governance payloads.
They noted the unchanged fee structure and continuity with the previously approved framework as reasons for their support.
On-Chain Outflow Data Points to Accumulation Activity On the market side, CryptoQuant data on the Uniswap Exchange Netflow chart for Binance is showing notable movement.
As UNI’s price corrected deeply, netflow bars grew denser with large net outflows becoming more frequent. This pattern tends to reflect behavior from longer-term holders and smart money participants.
These outflows typically mean UNI is being withdrawn from Binance and moved to personal wallets for holding. That reduces the available supply on the exchange and lowers direct selling pressure over time. Analyst Rei Researcher noted this trend as a potential setup for an accumulation zone near the bottom.
Source: Cryptoquant
Currently, UNI is seeing a mild price recovery. If the outflow trend continues and exchange supply tightens further, buying demand could push the price higher.
The combination of reduced sell-side pressure and growing protocol utility through the burn mechanism adds a structural layer to that potential move.
The governance vote closes on May 21st at 5:30 PM UTC. As of the latest update, 258 wallets have cast 18.1 million UNI votes, with 100% in favor and the 10 million quorum already cleared.
THORChain pozastavil obchodování a swapy po exploitu za více než 10 milionů USD napříč Bitcoinem, Ethereum, BSC a Base. RUNE během několika hodin spadl o 12 %.
THORChain, a decentralized cross-chain liquidity protocol, has paused trading after blockchain security researchers flagged an exploit worth over $10 million. The protocol has reportedly suffered an exploit across Bitcoin, Ethereum, BSC and Base. As a result, RUNE price crashed 12% in a few hours.
THORChain Hit By $10M Crypto Losses in Exploit On-chain investigator ZachXBT on May 15 flagged an exploit on THORChain, claiming losses exceeding $10 million. The funds are stolen across multiple major blockchains, including Bitcoin, Ethereum, BNB Smart Chain (BSC), and Base.
In response, THORChain has halted all trading and swaps via its emergency protocol to contain the damage. The exploit involved large unauthorized outflows from THORChain’s router contracts across the affected chains.
Many security researchers and analytics platforms such as PeckShieldAlert revealed the attacker’s wallets. Notably, the wallets hold 36.85 BTC, 3,443 ETH, and 96.6 BNB, along with other tokens like USDT, USDC, and WBTC, according to Arkham data.
THORChain Exploiter Wallet’s Crypto Assets. Source: Arkham The incident triggered THORChain’s built-in halt mechanism, where nodes pause operations upon detecting the exploit to protect liquidity providers (LPs). This is reportedly the second notable security event for THORChain this year, amplifying concerns about DeFi interoperability risks.
Recently, KelpDAO suffered a hack worth $290 million. The attacker drained rsETH through KelpDAO’s LayerZero-powered cross-chain bridge, risking contagion to other DeFi protocols such as Aave.
RUNE Price Crashes 12% amid Market Reaction RUNE price fell 12% in just a few hours, with the price currently trading at $0.520. The 24-hour low and high are $0.502 and $0.597, respectively. Furthermore, trading volume has increased by almost 140% over the last 24 hours as investors book profits amid a decline in prices.
In contrast, CoinGlass data showed massive buying in the derivatives market. At the time of writing, the total THORChain futures open interest jumped more than 6% to $24.80 million in just an hour. RUNE futures open interest spiked 19% in the past 4 hours, with an almost 17% and 19% jump on Binance and Bybit, respectively.
THORChain Futures Open Interest. Source: Coinglass If you’re looking for more cross-chain swap protocols, here are our reviews for the top 9 among the best cross-chain swap platforms in 2026.
Binance ve 43. reportu PoR ukázala růst uživatelských zásob na zhruba 630 000 BTC a 4,14 milionu ETH. Zároveň USDT klesly zhruba o 460 milionů na 34,3 miliardy USDT.
Binance has released its 43rd proof of reserves report, using a June 1 snapshot of user asset balances.
Summary
Binance users added 25,838 BTC in May, lifting reported holdings to about 630,000 BTC total. ETH balances rose faster than BTC, climbing 10.17% to about 4.14 million ETH by June. USDT holdings fell by roughly 460 million, pointing to lower stablecoin balances among Binance users. The latest update on the Binance PoR page shows a clear rise in reported Bitcoin and Ethereum user holdings from the prior month.
User BTC holdings rose 4.26% from May 1 to about 630,000 BTC. That marked an increase of 25,838 BTC. User ETH holdings rose faster, climbing 10.17% to about 4.14 million ETH, up 382,619 ETH over the same period.
The increase in BTC and ETH balances comes as exchange reserve reports remain closely watched by traders. Larger user balances can reflect deposits, purchases, internal transfers, or other account activity. The snapshot does not separate those drivers.
USDT balance moves lower The stablecoin side moved in the other direction. Binance reported user USDT holdings of about 34.3 billion USDT, down 1.33% from May 1. The decrease was equal to roughly 460 million USDT.
Binance Releases 43rd Proof of Reserves Report
Binance, the world’s largest crypto exchange by user count and trading volume, released its 43rd Proof of Reserves report with a June 1 snapshot. User BTC holdings rose 4.26% from May 1 to about 630,000 BTC, an increase of 25,838… pic.twitter.com/P6GQBFhj3s
— Wu Blockchain (@WuBlockchain) June 18, 2026 The mixed data shows users held more BTC and ETH on Binance, while reported USDT balances fell. The report does not show why balances changed. It does not prove whether users bought crypto, withdrew stablecoins, moved funds between products, or changed trading plans.
A lower USDT balance can matter because stablecoins often act as dry powder for trading. However, the figure alone does not show whether liquidity left Binance or moved into other assets on the platform.
Proof of reserves remains under focus Binance uses proof of reserves to show that user assets are backed on-chain. The exchange says the process is meant to prove customer funds are held “1:1” and include extra reserves. The report is based on snapshots, so it does not operate as a live balance sheet.
As crypto.news reported earlier, Binance led proof-of-reserve rankings with $155.6 billion in assets in January 2026, based on CoinMarketCap data. According to an earlier crypto.news report, Binance’s open-source PoR system uses zero-knowledge proofs to improve verification and privacy for users.
Balance changes point to rotation The June snapshot differs from some earlier reserve moves. In a previous crypto.news report, Binance’s September balances showed declines in BTC, ETH and USDT during a weaker market period. The latest snapshot shows the opposite for BTC and ETH, even as USDT balances fell.
crypto.news previously reported that Binance backed major tokens at more than 100% in a May 2025 reserves update, including Bitcoin, Ethereum and USDT. That earlier report said proof of reserves became more closely watched after FTX collapsed and users demanded clearer exchange backing data.
The latest figures suggest Binance users held more core crypto assets and less USDT at the start of June. BTC and ETH remain the two largest non-stablecoin assets in most exchange reserve reports, making their balance changes a key market signal.
Still, proof of reserves has limits. It shows reported asset backing at a point in time, but it does not fully explain liabilities, off-chain obligations, or user behavior. For that reason, the latest Binance report shows a balance shift, not a full picture of exchange health.
Reward pool NovaBox na Ethereu byl napaden a útočníci odcizili zhruba 56,73 ETH. Incident zasáhl přes 130 vkladatelů a souvisel s chybou v mechanismu rozdělování odměn.
PANews reported on June 11 that, according to Bits.media, the NovaBox platform's reward pool was hacked on Ethereum on June 9, resulting in the loss of approximately 56.73 ETH, affecting over 130 depositors. The attackers drained the pool from 65.11 ETH to 0.09 ETH in a single transaction, representing approximately 99.86% of the total. Security firm F12 stated that the incident was not due to a smart contract vulnerability, but rather a flaw in the reward distribution mechanism.
The attacker borrowed 427.5 WETH through an Aave V3 flash loan, exploiting a vulnerability in NovaBox's mechanism where dividends are paid out before the balance is updated upon user deposits and withdrawals. The hacker first deposited a small amount of NOVA tokens to trigger dividend calculation, then deposited a large amount of ETH, significantly increasing the actual share. However, because the system failed to update the balance in time, dividends were still calculated based on the previous small share, but were paid out based on the new large share, resulting in a "phantom dividend" of approximately 145.82 ETH, thus depleting the reward pool.
MEV bot JaredFromSubway byl podle Blockaid vyprázdněn přes falešné tokeny a otevřená schválení, která útočník zneužil k odčerpání asi 7,5 milionu USD. Bot později tvrdil ztrátu 15 milionů USD.
Ethereum’s well-known MEV bot JaredFromSubway was drained after an attacker used contracts that made its automated trading system grant token approvals, according to Blockaid.
Summary
Blockaid says attacker-controlled contracts tricked JaredFromSubway’s automated system into granting approvals later used for draining. Jared publicly claimed a $15 million loss, while Blockaid’s public estimate stood near $7.5 million. Crypto.news previously tied JaredFromSubway to Vitalik Buterin’s swap and heavy Ethereum gas use in 2023. The security firm said the incident was not a normal phishing case and not a direct bug in the victim contract.
“This is not a classic phishing attack and not a traditional smart-contract vulnerability in the victim contract,” Blockaid said.
The firm said the bot approved attacker-controlled contracts during routes that appeared to be profitable MEV trades.
Blockaid says approvals stayed open Blockaid said the attacker first tested routes where approvals were used at once, leaving no open allowance. Later, the attacker changed the route design so the bot gave approvals that were not spent or revoked.
One example cited by Blockaid involved an approval of about 92.16 WETH to an attacker helper contract. Etherscan data for the transaction showed jaredfromsubway.eth interacting with its MEV Bot 2 contract before the later sweep. The transaction record also showed ERC-20 movements tied to the same automated route.
Final sweep hit WETH, USDC and USDT The final transaction used the open approvals to pull WETH, USDC and USDT from the JaredFromSubway MEV bot contract through transferFrom. Etherscan showed transfers from “jaredfromsubway: MEV Bot 2” to the attacker wallet beginning with 0x3e37.
Blockaid put the drained amount at about $7.5 million. The JaredFromSubway account later claimed the loss was $15 million and offered a $1 million bounty for the full return of the funds. That difference has not been fully explained in the public posts reviewed.
How the attacker turned the bot’s logic against it The attack appears to have targeted the bot’s own trading workflow. MEV bots watch Ethereum activity and act on transactions that look profitable. In this case, attacker-controlled contracts made the route look useful enough for the bot to approve spending rights.
The attacker used 66 fake token contracts that copied the look and function of WETH, USDC and USDT. These contracts were paired with fake liquidity pools. The setup pushed the bot toward approvals that later became the path for the drain.
JaredFromSubway’s record is back in focus JaredFromSubway is one of Ethereum’s most watched sandwich bots. In a sandwich attack, a bot places trades before and after a user’s swap. This can give the user a worse price while the bot captures the spread.
As previously reported by crypto.news, JaredFromSubway targeted a small swap by Ethereum co-founder Vitalik Buterin in April, using about $1.14 million in WETH volume across SushiSwap and Uniswap V2. Crypto.news also reported in 2023 that the bot used 455 ETH in gas within 24 hours and accounted for about 7% of Ethereum gas use during that period.
The exploit now puts attention on token approvals used by automated systems. The case shows how a system built to act quickly on open market data can be steered into unsafe permissions when controls around approvals are weak. It also adds a new chapter to the wider debate over MEV, sandwich trades and user protection on Ethereum.
For now, the key public details remain split between Blockaid’s technical thread, the on-chain records and posts from the JaredFromSubway account. No recovery had been confirmed in the reviewed updates.
IoTeX uvedl, že po útoku na ioTube je přes 86 % CIOTX zamčeno nebo zmrazeno a jen 0,4 % zůstává v ohrožení. Útočníci odcizili 410 milionů CIOTX a asi 4,4 milionu USD v aktivech.
PANews reported on February 23 that the IoTeX team tweeted that on February 21, they discovered an attack on the Ethereum side of their multi-chain bridge ioTube. The attackers stole 410 million CIOTX tokens and approximately $4.4 million in assets through four steps. Currently, over 86% of the CIOTX has been locked or frozen, 12.8% (52.4 million CIOTX) is being frozen in cooperation with Binance and other platforms, and only 0.4% (1.7 million CIOTX) remains at risk after being exchanged on DEXs. Regarding the bridge's reserve funds, the attackers exchanged the stolen reserve tokens (including USDC, USDT, WBTC, WETH, and other assets) for approximately 2,183 ETH . Of this, 1,572 ETH has been transferred to the Bitcoin network via THORChain.
The IoTeX team has taken emergency measures, including distributing patch fixes, freezing related addresses, and working with exchanges to freeze funds. The ioTube bridge service will be restored after an independent security audit, along with a compensation plan and security upgrades. The team is committed to ensuring the safety of community assets and will release a more detailed compensation plan and hold a community AMA within the next 48 hours.
Previously reported, IoTeX suffered a loss of approximately $2 million in assets and is expected to be operational within 48 hours . Upbit has added IoTeX (IOTX) to its transaction alert list .
Elliptic uvedl, že Lazarus Group po hacku Bybit vyprala přes eXch ukradené prostředky za více než 75 milionů USD. eXch přesto odmítla transakce blokovat.
The Lazarus Group has laundered stolen crypto from last week’s record-shattering Bybit hack through the exchange eXch, according to the blockchain research firm Elliptic.
Hackers looted nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit on Friday.
[adinserter block="1"]
The attack represented the largest crypto hack ever and possibly the biggest heist in world history.
Elliptic, pseudonymous on-chain investigator ZachXBT and other researchers have pinned the exploit on the Lazarus Group, a prolific North Korean cybercriminal outfit known for numerous high-profile hacks on major crypto platforms.
In a new analysis, Elliptic notes that Lazarus’ money-laundering process typically follows the same steps. First, the group exchanges any stolen tokens for a native blockchain asset like Ethereum, because ETH can’t be frozen by a central authority.
Source: Elliptic Subsequently, the cybercriminal outfit “layers” the stolen funds through multiple wallets, exchanges, cross-chain bridges and crypto mixers to obfuscate the transaction trail.
Elliptic says that Lazarus is currently in the middle of the second step.
“Within two hours of the theft, the stolen funds were sent to 50 different wallets, each holding approximately 10,000 ETH. These are now being systematically emptied – as of 1pm UTC on February 24, 14.5% of the stolen assets (now worth $195 million) have been moved from these wallets.
Once moved out of these wallets, the funds are being laundered through various services, including DEXs (decentralized exchanges), cross-chain bridges and centralized exchanges.
However, one service has emerged as a major and willing facilitator of this laundering. eXch is a cryptocurrency exchange, notable for allowing its users to swap cryptoassets anonymously. This has led them to being used to exchange hundreds of millions of dollars in crypto assets derived from criminal activity, including multiple thefts perpetrated by North Korea. Despite attempting to conceal this activity, our analysis shows that since the hack, crypto assets stolen from Bybit worth over $75 million have been exchanged using eXch. Despite direct requests from Bybit, eXch has refused to block this activity.”
Over the weekend, eXch took to the BitcoinTalk forum to deny claims it was laundering crypto for Lazarus, though it did cop to processing an “insignificant” portion of the stolen Bybit funds.
“1. eXch is NOT laundering money for Lazarus/DPRK (North Korea).
2. The insignificant portion of funds from the ByBit hack eventually entered our address 0xf1da173228fcf015f43f3ea15abbb51f0d8f1123 which was an isolated case and the only part processed by our exchange, fees from which we will be donated for the public good.
3. Any claims by ZachXBT and others on Twitter regarding transactions not related to 0xf1da173228fcf015f43f3ea15abbb51f0d8f1123 that are falsely attributed to eXch are a targeted FUD attack on our exchange.”
Bybit CEO Ben Zhou says the firm has restored a 1:1 backing on all client assets after the record-setting hack, and the Dubai-based exchange announced a full restoration of services on Saturday.
MegaETH spustil program zpětného odkupu MEGA financovaný čistě z čistého výnosu ze stablecoinu USDm nashromážděného do konce dubna. Další odkupy mají běžet automaticky podle změn nabídky USDm a výnosu rezervních aktiv.
MegaETH has activated a MEGA token buyback program funded entirely by net revenue from its USDm stablecoin, turning Treasury‑backed yield into a standing bid for its “real‑time Ethereum” L2 token after a sharp post‑launch selloff.
Summary
The MegaETH Foundation has kicked off a MEGA token buyback program, completing its first purchase using all net earnings generated by USDm through the end of April. USDm’s current supply is about $480 million, and future MEGA buybacks will run programmatically, with size determined by USDm supply and yield on its reserve assets. The foundation stresses that USDm is not issued or operated by MegaETH or MegaLabs, even as its revenue stream becomes a core economic engine for MEGA demand. The MegaETH Foundation says its MEGA token buyback plan is now live, with the first repurchase funded entirely by net earnings from USDm accumulated through the end of April. In an announcement on X, the foundation said it had “completed the first MEGA buyback using all net income generated by USDm’s issuer as of April 30,” framing the move as the start of an ongoing demand loop where the ecosystem’s stablecoin revenue is recycled into the native token.
MEGA buyback goes live, tied directly to USDm revenues Importantly, the foundation reiterated that “USDm is not issued or operated by the MegaETH Foundation or MegaLabs,” clarifying that the stablecoin’s issuer is a separate entity even though its economics are tightly coupled to MEGA. USDm is a yield-bearing stablecoin built on Ethena’s USDtb rails, with reserves primarily invested in BlackRock’s tokenized U.S. Treasury fund BUIDL via Securitize, alongside liquid stables for redemptions. Those reserves generate a predictable yield, which flows to the USDm issuer and, under the new scheme, is then used as the funding source for MEGA buybacks.
CoinMarketCap’s overview of MegaETH notes that the MEGA token has a fixed supply of 10 billion and is used for gas, staking and governance within the “real-time Ethereum” L2, which targets sub-millisecond latency and over 100,000 transactions per second. By tying MEGA buybacks to USDm’s revenues, the foundation is effectively turning stablecoin growth and on-chain economic activity into a direct support mechanism for MEGA’s price and scarcity.
Programmatic buybacks, variable size, and market impact According to the foundation, future MEGA buybacks will be executed “as programmatically as possible,” running automatically according to preset rules instead of being manually timed by the team. The size of each operation “will not be fixed,” it said, but will depend on “changes in USDm supply and the yield of the underlying reserve assets,” meaning that as USDm circulates more widely and its Treasury-backed yield rises or falls, the buyback firepower will adjust in tandem.
Earlier this year, the MegaETH Foundation outlined a broader economic model in which USDm functions as an “economic engine” for the L2: yield from its reserves is used to subsidize sequencer costs and network fees and, now, to fund ongoing MEGA purchases from the market. MEXC’s summary of the plan notes that USDM (often stylized as USDm) “is backed by Ethena and BlackRock’s BUIDL fund,” and that the project will “trigger MEGA token generation based on KPIs” such as reaching $500 million in USDm circulation, launching 10 apps on MegaETH, or having at least three apps generate $50,000 in fees for 30 consecutive days. DefiLlama data show USDm’s broader MegaETH stablecoin stack now has a market cap of about $810.6 million, with USDm itself accounting for roughly 58% dominance, implying a USDm supply in the neighborhood of $470–$480 million.
The timing of the first buyback is notable. AInvest reported that MEGA fell about 38% from its April 30 launch price to $0.138 amid heavy post‑TGE selling pressure from early participants. CoinMarketCap’s explainer on MegaETH says the ecosystem was designed from the outset to “use its native stablecoin’s reserve yield to fund MEGA buybacks,” positioning this week’s announcement as the moment when that theoretical flywheel actually starts to spin. If USDm continues to grow and on-chain yields remain robust, the programmatic buyback mechanism could become a persistent marginal buyer of MEGA in secondary markets, linking the token’s long-term value more tightly to real usage and stablecoin demand rather than one-off hype cycles.
WOO X přišel o zhruba 14 milionů USD při útoku připisovaném aktérovi napojenému na KLDR. Hacken uvádí, že většina prostředků už byla převedena do Bitcoinu.
On July 24, 2025, Taiwan-based trading platform WOO X became the latest victim in a bruising summer of crypto breaches when attackers made off with roughly $14 million in unauthorized withdrawals from nine user accounts, forcing the exchange to pause withdrawals while it investigated and promised to reimburse affected users.
New chain-analysis shared by Yehor Rudytsia, Head of Forensics and Incident Response at Hacken, paints the post-heist picture as far more organized than a one-off theft. According to Rudytsia, the exploit, which Hacken dates to July, resulted in total losses of about $14 million and was carried out by a DPRK-linked actor tracked in law-enforcement circles as “TraderTraitor.”
Hacken says it is actively monitoring the on-chain movements and is supporting recovery efforts by flagging malicious addresses to the wider security community. The laundering choreography, as mapped by Hacken, left half the stolen funds on EVM networks and the rest on Tron and Bitcoin.
In the last 24 hours, on-chain traces show that the bulk of the EVM-side proceeds, more than $7 million, were routed through THORChain and swapped into Bitcoin, a technique observers have increasingly flagged as a common laundering path after major exchange thefts earlier this year. Rudytsia noted that THORChain’s native cross-chain swap functionality has repeatedly been used to convert large sums of ETH and ERC-20 tokens into BTC, making it attractive to sophisticated operators moving stolen assets across ecosystems.
On-chain Evidence Hacken’s report also documents the handling of the Tron-denominated portion (about $2.5 million in TRX). Those funds, the team found, were converted into USDT, bridged to Ethereum via LayerZero infrastructure, and from there, some of the bridged USDT was again pushed to Bitcoin through THORChain.
On-chain evidence of a nine-figure USDT transfer arriving on Ethereum from a LayerZero executor appears in public transaction records from October 1, 2025, which match the pattern Hacken described.
Complicating the trail, part of the funds that surfaced on Ethereum were sent to a wallet previously tied to the BingX hot-wallet exploit in 2024, itself attributed by investigators to North Korean-linked groups, suggesting either reuse of laundering infrastructure or coordination across multiple thefts.
The address that received those transfers is publicly visible on Ethereum explorer records, and investigators say the link deepens the picture of an organized laundering chain connecting multiple high-profile incidents.
Taken together, the movements indicate that roughly $8–9 million from the WOO X breach was bridged on the same day from Ethereum to Bitcoin, almost entirely via THORChain, leaving an estimated 90% of the stolen value now sitting on Bitcoin addresses as perpetrators accelerate conversion into the oldest and most liquid on-chain asset.
Security teams monitoring the flows warn that once funds consolidate on Bitcoin, conventional tracing and intervention become harder and the risk of eventual cash-out increases. Rudytsia told Blockchain Reporter that Hacken is continuing to monitor the accounts and will push flagged addresses to exchanges and compliance partners in the hope of freezing or otherwise freezing flow paths where possible.
For now, the case is a fresh reminder that as cross-chain tooling gets more powerful, it also gives sophisticated attackers faster, lower-friction routes to turn stolen tokens into harder-to-trace assets, and that forensic work on multiple chains, together with cooperation from on- and off-ramp services, remains the only immediate line of defence in today’s time.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
BitDAO, a decentralized autonomous organization with a treasury worth over $1.7 billion, has launched an Ethereum Layer 2 network called Mantle, the DAO announced on Wednesday.
Mantle is a modular Ethereum Layer 2 chain. Modular networks are a new way of designing blockchains and are different from the older monolithic chains, where all network functions happen on the base layer. On modular blockchains, there are separate layers for network consensus, transaction execution and settlement, as well as data availability. This type of design is said to create networks that are more efficient and have greater scalability.
BitDAO’s Layer 2 network stack has three distinct layers, according to the announcement. One layer is for transaction execution while the other two handle transaction finality and data availability, respectively.
Mantle is BitDAO’s attempt to solve some of the challenges facing Layer 2 networks, a spokesperson for the DAO told The Block. “BitDAO aims to bring the spotlight back from Alt-L1s to Ethereum and give market participants the best web3, DeFi and GameFi have to offer,” said the spokesperson.
Mantle will reportedly offer superior features compared to other Layer 2 networks. BitDAO’s Layer 2 network will come with faster throughput and low fees, and be powered by a decentralized data availability layer, the announcement stated. Transaction fees on Mantle will be paid using BitDAO’s governance token, BIT.
EigenLayer, an Ethereum middleware platform, is one of the partners in the project. As such, early adopters can use EigenDA, a custom-built data availability layer designed by EigenLayer that supports Optimistic and ZK-Rollups — the two major types of roll-up technology.
Wednesday’s announcement marks the soft launch of the Layer 2 network. Mantle is expected to roll out an incentivized public testnet next year.
A BitDAO spokesperson confirmed that DAO partners can deploy protocols on Mantle when launched. Unlike most DAOs built around specific DeFi projects, BitDAO is more of an investment DAO. BitDAO’s mandate is to grow the web3 ecosystem by providing grants to projects and supporting web3-based research activities. BitDAO has the second-largest DAO treasury in the crypto space.
“Mantle will serve as the connective tissue for various BitDAO initiatives, such as projects from Game7, research from EduDAO, to the ecosystem of dApps being enabled by BitDAO," said jacobc.eth, product head at BitDAO’s Windranger Labs, adding: "Mantle is BitDAO’s demonstration to scale Ethereum and web3, enabling a whole new generation of use cases and innovations.”
Illuvium restrukturalizuje tým a snižuje měsíční burn rate blíže k 500 000 USD. Projekt má nyní 24měsíční runway a podle Kieran Warwicka nehledá nové financování.
Ethereum gaming franchise Illuvium has undergone a company restructuring, resulting in layoffs along with some core contributors opting to take pay cuts or receive their wages in the gaming IP’s own token.
The downsizing comes after Illuvium released a trio of interconnected games last year—Overworld, Arena, and Zero—that covered varying genres. Despite its ambitious vision, the community's reaction wasn't overwhelmingly positive following years of development.
In December, co-founder Kieran Warwick admitted that "concerns" about the franchise's gameplay were valid and that things had to change. Part of this included that Illuvium had "significantly" reduced its costs via capping wages at $85,000, among other adjustments.
But this week, Warwick said that more substantial cuts had to be made.
"We made the difficult decision to restructure our core contributor team to bring our monthly burn rate closer to $500,000," Warwick said in a Tuesday statement. "We want to extend our sincere gratitude to everyone affected by these changes."
The statement on X (formerly Twitter) further explains that some employees have "generously offered" to take pay cuts, while others have chosen to receive their salary in the project's ILV token rather than the USDC stablecoin. It also alludes to letting employees go as part of a “leaner” approach, although never explicitly says this is the case.
In the replies, Illuvium Community Manager DickKingz, also known as Rich, explained that the team is now down to 66 core contributors—down from between 100 to 150 people as of late.
"The trim to 66 was unfortunately a lot of my teammates and friends, and [I] hate to see them go," Rich said. "Hopefully it’s only bye for now, and in the future when things improve, we can bring many back."
Illuvium did not immediately respond to Decrypt's request for comment.
As a result of the restructuring, as well as some other operating cost cutting measures, Illuvium has gotten closer to its "burn rate" goal of $500,000—it was at $900,000 as of December. This means that the Illuvium franchise now has a 24-month runway to continue development.
Previously, Warwick explained that Illuvium planned to seek fresh funding around March. But in the wake of the restructuring, he confirmed that the franchise isn't looking to raise "right now."
He had also previously outlined a plan to move the franchise forward. The co-founder proposed focusing on one game at a time—rather than the three games it was developing—including reworking its Overworld to be a more streamlined version of a massively multiplayer online game, or MMO, and reducing in-game microtransactions.
It appears that the 24 month-runway will get the project to the point of completing its auto-battler, starting the rework of Overworld, and attempting to keep the community engaged, according to the restructuring statement.
"This is step one in the rebuild. Now we have the runway, and it will continue to be extended," Warwick said on X. "Enormous updates are coming mid-next month: Auto drone runs, multiplayer servers, and leaderboards reactivated."
"28-3 down with two minutes to go in the third quarter," he added, comparing the project to a losing team in a football game. "We're about to run this shit back so hard."
Edited by Andrew Hayward
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Guggenheim Treasury Securities uvedla na Ethereum první digitální komerční papír. Amp.Fi Digital pro ni emitovala tokenizovaný komerční papír za 20 milionů USD, ohodnocený ratingem Moody’s na P-1.
Global investment firm Guggenheim Treasury Securities has issued the first Digital Commercial Paper (DCP) on Ethereum, as the tokenization of financial instruments on blockchains gains traction among traditional finance giants.
Commercial paper is a kind of short-term debt security that corporations sell to raise funds. It differs from other debt instruments such as bonds and loans because it is unsecured and not backed by collateral.
Amp.Fi Digital, a blockchain platform designed to issue, trade and provide governance of digital assets, issued $20 million in tokenized commercial paper for Guggenheim on Ethereum, developer Zeconomy said Thursday.
The rollout of yet another tokenized real-world asset follows U.S. federal regulators’ approval of spot Bitcoin ETFs earlier this year, a watershed event that has fueled traditional finance titans’ appetites for blockchain-based digital assets, according to Zeconomy.
Moody’s Investor Service gave Guggenheim’s issuance a rating of P-1, its highest credit rating.
“As clearly demonstrated by the ETFs approval and the growth of the tokenization space, there is a massive demand for these digital assets, and we want to enable our partners so they can be at the forefront of what could be a transformative moment in the financial industry,” Zeconomy CEO Giacinto Cosenza said Thursday in a statement.
The rolling out of DCP on Ethereum marks the latest example of real-world asset tokenization on blockchains—a growing trend. Tokenized government securities such as U.S. Treasury Bills have hit more than $2 billion in market capitalization as institutional interest in the digital asset class accelerates, data from RWA.xyz shows.
In recent months, tokenized Treasury funds’ market capitalization have ballooned. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), launched in March, holds $513 million in assets—up more than 100% since its debut, data shows.
Meanwhile, Franklin Templeton’s OnChain U.S. Government Money Fund's market capitalization (FOBXX) has soared to more than $420 million since its launch in 2021, according to the investment management firm's data.
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XRP po spuštění stablecoinu RLUSD od Ripple Labs vzrostl za 24 hodin o 3,65 % a stal se nejvýkonnější velkou kryptoměnou. Velryby nakoupily přes 830 milionů XRP.
XRP (CRYPTO: XRP) became the best-performing large-cap cryptocurrency Monday following the launch of Ripple Labs' USD-backed stablecoin RLUSD.
What happened: The payments-focused cryptocurrency rose 3.51% in the last 24 hours, outpacing the returns of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
With the latest push, XRP's monthly gains zoomed to 138%, the biggest among cryptocurrencies in the top 10 by market capitalization.
The rally was likely powered by significant buying interest from whale investors. Noted cryptocurrency analyst Ali Martinez highlighted that whales purchased over 830 million XRP, worth over $2 billion at prevailing market prices.
See Also: If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here’s How Much You’d Have Today
The readings of moving averages supported the coin’s bullish potential. XRP's price was greater than nearly all of its exponential moving averages and simple moving averages, indicating that investors’ current expectations are higher than their average expectations over the past period.
However, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages, flashed a ‘Sell' signal.
The Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, was ‘Neutral" as of this writing.
Moreover. XRP's Open Interest, a measure of its speculative interest, rose 5.26% in the last 24 hours and nearly 450% since Nov. 5, the presidential election day, data from Coinglass revealed.
About 75% of all Binance traders with an open interest were positioned long on the asset, signaling the expectation of further upsides.
Why It Matters: Optimism around XRP was tied to several factors, with the most notable being the launch of RLUSD from Ripple, a payments company that uses XRP for its operations.
Ripple President Monica Long said Monday that the release marked a new chapter for the XRP Ledger, the blockchain technology powering Ripple's operations.
Ripple planned to position RLUSD for a range of financial applications, including instant cross-border settlements, Treasury operations, and integration with decentralized finance protocols.
Furthermore, with SEC Chair Gary Gensler’s tenure coming to an end and being succeeded by cryptocurrency-friendly Paul Atkins, investors feel more confident about XRP.
Ripple has been locked in a nearly four-year-long legal battle with the SEC over the status of XRP, and any change in the agency’s top leadership is viewed with optimism.
Price Action: At the time of writing, XRP was exchanging hands at $2.49, up 3.65% in the last 24 hours, according to data from Benzinga Pro.
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Shibarium Bridge čelil flash loan útoku za 2,4 milionu USD, při němž útočník odčerpal 224,57 ETH a 92,6 miliardy SHIB. Vývojáři pozastavili staking i unstaking a požádali o pomoc kyberbezpečnostní experty.
The crypto scene has once again proven that no protocol, no matter how popular, is completely safe. The Shibarium bridge, a strategic gateway between the Layer 2 of the same name and Ethereum, was the target of a swift flash loan attack that siphoned the equivalent of 2.4 million dollars. Behind this move, a maneuver both technical and psychological demonstrating the persistent flaws of decentralized security.
In brief Shibarium Bridge suffered a 2.4 million dollar flash loan attack, targeting its BONE and SHIB tokens. Developers suspended certain functions and requested cybersecurity experts to limit the damage and investigate. After a 99% drop in August, this new attack increases the fragility of the Shibarium ecosystem. A meticulously prepared crypto attack The operation was no accident. The attacker contracted a flash loan of 4.6 million BONE, Shibarium’s governance token. By exploiting this position, they gained access to 10 of the 12 validation keys, securing a comfortable majority to manipulate the protocol. From there, the script was written: extraction of 224.57 ETH and 92.6 billion SHIB, transferred with surgical precision to their wallet.
But the most surprising aspect is the scale of the plan. The attacker did not limit themselves to the main funds; they also seized KNINE tokens related to K9 Finance for approximately 700,000 dollars. In the crypto ecosystem, such a maneuver could have amplified the chaos, but the swift reaction from the K9 DAO, blacklisting the address, prevented the liquidation of these assets. A rare decision, but vital to contain the damage and indirectly protect Shibarium.
Chain reactions and market impacts Facing this breach, the Shiba Inu developers acted without delay. Staking and unstaking were suspended, freezing the borrowed BONE and cutting off the attacker from their control lever. The incident, described as “sophisticated” by developer Kaal Dhairya, was reportedly planned over several months. Proof that attackers no longer settle for improvised opportunities but orchestrate true long-term operations.
The direct consequence was a quick onset of volatility. The price of BONE first surged from 0.165 to 0.294 dollar in one hour, then quickly corrected to 0.202 dollar. SHIB, on the other hand, surprisingly rose by 4.5% in 24 hours, a sign that the market has not completely lost confidence. As often in crypto, drama also fuels speculation.
This incident occurs in an already tense context for Shibarium. Last August, the project suffered a near 99% collapse, a brutal drop that shook investors’ confidence. The current attack only rekindles these doubts, confirming that the network’s stability remains fragile despite recovery attempts.
Towards rethought security? This episode highlights the fragility of cross-chain bridges, true nerve centers of the crypto ecosystem. Despite the involvement of specialized teams like Hexens, Seal 911, and PeckShield to investigate, the question remains: how to sustainably protect protocols that attract both users and predators?
Shibarium developers now consider negotiating with the attacker via a restoration bounty, a pragmatic approach already seen in crypto. At the same time, contact with authorities shows that the boundary between decentralized finance and legal framework is becoming increasingly thin.
One thing is certain: between the 99% drop in August and this multi-million dollar hack, the Shibarium bridge is going through a turbulence zone likely to leave deep marks on the Shiba Inu ecosystem.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Útočník spojený s UXLink poslal do Tornado Cash zhruba 8,1 milionu dolarů v ETH ve 46 vkladech po 100 ETH. Celkem už má podle Specter propráno 19,1 milionu dolarů ukradených aktiv.
UXLink, a Web 3 social network that was targeted in September 2025, is making headlines once again. According to Specter, an on-chain investigator, the attacker responsible for the UXLink exploit has started relocating the stolen assets.
To obfuscate transaction trails, the wrongdoer converted some of the stolen DAI stablecoins into Ethereum [ETH]. Going forward, the illicit actor then deposited roughly $8.1 million worth of ETH into Tornado Cash.
Funds laundered According to the investigator, 46 distinct deposits of 100 ETH each were made as part of the laundering process.
Source: Specter For those unaware, this is a common strategy to conflate illegal funds with legal transactions and make blockchain tracing more difficult.
With this most recent action, the attacker has now reportedly laundered a total of $19.1 million in stolen assets.
However, the fact that the exploiter still has control over about $16 million in funds despite these transfers raises the possibility of further laundering.
How was UXLink attacked? Well, back in September 2025 the exploiter had made over $800 billion, or 9 trillion $UXLINK. Interestingly, even hours after the original exploit, the hacker kept their access and kept minting more tokens.
The exploiter then started moving the proceeds to centralized exchanges and offloading the fraudulent tokens through decentralized exchanges. This in turn resulted in the depletion of Uniswap’s liquidity.
Source: Specter Notably, the attacker did not stop there, and signed a malicious transaction and lost 542 million UXLINK tokens to another malicious actor—often referred to as “theft stolen from theft.”
Even with this setback, the main exploiter still held about 900 million UXLINK tokens, putting a sizable portion of compromised assets in the hands of malicious actors.
What’s more? This coincded with ETH declining by 1.01% over the previous day to trade at $1,745.11 at press time.
In addition, on the 12th of June Humanity Protocol reported a targeted phishing attack against one of its directors.
This had resulted in the attacker using administrative credentials that were stolen to upgrade contracts, transfer tokens across Ethereum, and mint new $H tokens on the BNB Smart Chain.
Furthermore, on the 15th of June, a suspicious transaction involving the depletion of assets valued at approximately $2.19 million occurred in Aztec Network’s Router contract.
Final Summary From September 2025 to the present time, the attackers have reportedly laundered a total of $19.1 million in stolen assets from the UXLink exploit. Back then, the exploiter had made over 9 trillion $UXLINK, kept their access, and kept minting more tokens.
Nexus Mutual, a DeFi coverage protocol, has swapped 14,390 ETH (equivalent to $27.3 million) from its “safety insurance module” for Rocket Pool’s rETH liquid staking token using the CoW Swap DEX aggregator. This ranks as one of the largest on-chain swaps ever conducted by Nexus Mutual as part of a broader diversification strategy for the coverage protocol.
On-chain data indicates that Nexus Mutual executed its purchase of rETH in two transactions: one for 14,140 ETH and the other for 250 ETH, relying on CoW Swap’s trade routes for the swap.
This transactions were conducted as part of Nexus Mutual’s diversification strategy. Within the Nexus Mutual DAO, an investment committee recommended reallocating funds from its insurance module, which provides coverage for security incidents like hacks, to liquid staked ether. As a result, the project decided to invest in Rocket Pool ether (rETH), an asset generated by the liquid staking project, Rocket Pool.
“Staking with the Rocket Pool protocol would amplify Nexus Mutual’s investment in liquid staked ETH while adding protocol diversity. This would consequently limit the risk of exposure to any single staking provider,” said a spokesperson from Nexus Mutual.
Role of CoW Swap The Nexus Mutual team noted that it chose CoW Swap as its preferred DEX aggregator because of its price-matching capabilities, protection against maximal extractable value (MEV), and its ability to handle substantial volumes without significant slippage.
CoW Swap has previously facilitated transactions for other DAOs, such as Ethereum Name Service's swap of 10,000 ETH into USDC stablecoin in February. Just recently, the Aave community acquired $2 million in Balancer LP tokens using the protocol.
Uniswap drží 67,3 % objemu DEX na Ethereu a dominuje i na Arbitru s 84,6 % a na Base s 46,6 %. Po aktivaci fee switchu se na UNI poprvé dívá i jako na token s cash flow.
Uniswap Tightens Its Grip on Ethereum and Layer 2@Uniswap remains the dominant liquidity venue in decentralized finance, capturing 67.3% of total DEX volume on Ethereum this week. That concentration is not new, but it is deepening. Data from KuCoin's Ethereum Q1 2026 review shows Uniswap accounted for approximately $85.5 billion in Q1 volume, representing roughly two-thirds of the entire Ethereum DEX ecosystem.
The protocol's reach extends well beyond mainnet. @Uniswap controls 84.6% of DEX market share on Arbitrum and 46.6% on Base, cementing its position across the two most active Layer 2 networks. Uniswap remains the largest spot DEX by every meaningful measure, clearing roughly $73 billion in 30-day volume across Ethereum mainnet and 39 other chains.
Uniswap V4 went live in early 2026, introducing a hooks system that attaches custom logic to pools at swap, deposit, or withdrawal time, enabling features such as on-chain limit orders, dynamic volatility-responsive fees, and gated pools for institutional flows.
$UNI Earns a New Look From Institutional AnalystsThe volume story is only part of what is drawing attention to $UNI in 2026. A structural shift in the token's economics has changed how analysts frame it. With the fee switch now active, UNI can be viewed through a cash-flow lens rather than only as a governance token. The UNIfication proposal passed in late December 2025 fundamentally changed Uniswap's economics: for the first time, protocol revenue is directly captured by the system and used to buy and burn $UNI, aligning token value with actual network usage.
That shift has caught the attention of major financial institutions. Standard Chartered's digital asset research head, Geoff Kendrick, initiated coverage on Uniswap with a long-term price target of $100 for $UNI by 2030, with the bank's thesis centered on the exponential growth of tokenized real-world assets, projected to surge from roughly $340 billion to $4 trillion by 2028. Standard Chartered projects a $UNI price target of $6.50 in 2026, citing Uniswap's position as a dominant DEX to capture fees from tokenized real-world assets.
Institutional involvement is moving beyond price targets. In February 2026, BlackRock made shares of its tokenized US Treasury fund, BUIDL, tradable through UniswapX with Securitize, marking the world's largest asset manager's first step into DeFi. More recently, Fidelity deployed liquidity for its stablecoin, FIDD, on Uniswap. Separately, Bitwise Asset Management filed an S-1 registration statement with the SEC for a spot Uniswap ETF in February 2026, following the earlier creation of a Delaware statutory trust named the Bitwise Uniswap ETF.
Whether that institutional momentum translates into sustained price performance remains an open question. Competition from Solana-based DEXs and other venues is real, and analysts are increasingly evaluating $UNI through the lens of fee capture potential, protocol governance value, and network effects within liquidity provisioning ecosystems, rather than speculative narrative alone.
Sources
KuCoin: Ethereum Q1 2026 Review
Datawallet: What is Uniswap? Features, Fees and More
Talos: State of the Network, Uniswap Fee Switch Analysis
Peněženka napojená na americkou vládu přesunula 98 590 LINK v hodnotě asi 768 000 USD na Coinbase Prime, což vyvolalo spekulace o prodeji. On-chain data ale sama o sobě neukazují, že tokeny míří na otevřený trh.
A wallet tied to US government seized FTX Chainlink holdings moved 98,590 Chainlink (LINK) tokens, worth about $768,000, to Coinbase Prime on Wednesday, reviving speculation over a potential sale.
Blockchain trackers flagged the deposit within minutes. However, on-chain data alone does not confirm that the tokens are headed for the open market.
US government wallet transferring seized FTX Chainlink (LINK) to Coinbase Prime, Source: ArkhamWhy the Seized FTX Chainlink Transfer MattersOn-chain tracker Lookonchain first reported the movement, and tracking account Solid Intel flagged the same deposit.
Arkham labels the sending address under its US government entity and has documented earlier movements from the same cluster.
The US Government just moved $800K of Alameda’s funds.
Many Alameda/FTX assets that were seized by the DOJ will be returned to FTX estate creditors and those who lost assets in FTX’s collapse.
Another $800K has been reclaimed for crypto users. pic.twitter.com/jW7PAcF1p4
— Arkham (@arkham) May 29, 2026 Follow us on X to get the latest news as it happens
The funds originate from assets confiscated after FTX and Alameda Research collapsed in November 2022.
A federal judge later ordered Sam Bankman-Fried to forfeit $11 billion after his fraud conviction, with recovered funds directed toward victim compensation.
The US Marshals Service selected Coinbase Prime in July 2024 to custody and trade its large-cap digital assets.
“After a comprehensive process, the U.S. Marshals Service (USMS), a division of the U.S. Department of Justice, selected Coinbase Prime as its partner to safeguard and trade its “Class 1” (large cap) digital assets,” read an excerpt in a 2024 Coinbase blog.
Therefore, deposits to the platform often precede custody changes, over-the-counter deals, or liquidations.
The agency has managed seized crypto sales for over a decade, beginning with its auction of 30,000 Silk Road bitcoins in 2014.
Historically, it has favored structured sales over open-market dumps.
The transaction also extends a pattern of earlier seized altcoin transfers involving Uniswap (UNI), Render (RNDR), Ethereum (ETH), and The Sandbox (SAND), plus stablecoins.
Meanwhile, the FTX estate keeps repaying customers, with its fourth creditor distribution round delivering $2.2 billion in March.
Analysts See Limited Risk of a LINK Sell-OffChainlink’s current price sits near $7.66, down 2% over the past 24 hours. The token holds a $5.57 billion market cap and ranks 21st among cryptocurrencies.
Chainlink (LINK) Price Performance. Source: BeInCryptoThe transferred amount equals less than 0.4% of LINK’s $225 million daily trading volume. It also represents roughly 0.01% of the 727 million tokens in circulation.
Consequently, even an outright sale would barely move market liquidity.
Sentiment around the token remains cautious after a 27% slide over the past 30 days. LINK has also shed 49% over the past year, leaving holders alert to new supply signals.
In contrast, Chainlink’s ETF inflow outlook suggests institutional demand could absorb modest government supply over time.
Whether the tokens move to an over-the-counter desk or stay in custody should become clearer in the coming days.
The wallet’s next transaction will reveal whether the deposit marks routine management or the start of a liquidation.
Until then, the sell-off fears look larger than the numbers behind them.
Bitmine Adds to Its Ethereum StockpileTom Lee's Bitmine Immersion Technologies has acquired another 20,000 $ETH worth approximately $35.85 million from FalconX, according to onchain data flagged by Arkham Intelligence. The purchase is the latest move in an accumulation campaign that has made Bitmine (NYSE: $BMNR) the largest known corporate Ethereum treasury in the world.
Bitmine has repeatedly sourced large ETH tranches directly from institutional trading platform FalconX, with onchain analytics confirming the transaction patterns. The firm has also used venues such as Kraken and BitGo to execute purchases worth hundreds of millions of dollars without significantly disrupting spot markets.
Chasing the "Alchemy of 5%" TargetThe latest buy adds to what Bitmine calls its "Alchemy of 5%" initiative, a goal to accumulate at least 5% of Ethereum's entire circulating supply. Bitmine holds 5.54 million ETH worth over $9 billion, with 4.7 million tokens staked. Those staked holdings generate a projected $230 million in annualized staking revenue via MAVAN.
Bitmine recently launched MAVAN, the Made in America Validator Network, an institutional-grade staking platform originally developed to support Bitmine's own Ethereum treasury, with plans to expand and serve institutional investors, custodians, and ecosystem partners.
To fund its buying campaign, Bitmine tapped capital markets. A $280 million 9.50% Series A Perpetual Preferred Stock raise effectively doubles down on Bitmine as an Ethereum treasury and staking vehicle. The financing approach mirrors tools pioneered by bitcoin treasury firm Strategy (MSTR), which has increasingly turned to preferred equity and other yield-bearing securities to fund crypto purchases.
Despite earlier comments about slowing purchases as the firm neared its 5% goal, Bitmine has remained committed to accumulation. Chairman Tom Lee has said the firm is "maintaining a somewhat elevated pace of buying" as the pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals, and expects to reach the Alchemy of 5% sometime in 2026. Lee has also tied long-term Ethereum demand to the growth of artificial intelligence systems and onchain finance, arguing that the network's settlement role will expand as more economic activity moves atop the blockchain.
Sources:
The Block: Bitmine buys $84 million in ETH as Tom Lee calls pullback an attractive entry point
PR Newswire: Bitmine ETH holdings reach 5.54 million tokens
Bitcoin.com News: Tom Lee says AI systems will lift Ethereum demand as Bitmine stacks 5.54M ETH
Ethereum Foundation propustila 54 lidí, tedy zhruba 20 % zaměstnanců, v rámci reorganizace a snížení ročního rozpočtu o zhruba 40 %. Vitalik Buterin chce dlouhodobě stáhnout výdaje z přibližně 15 % treasury na 5 % do roku 2030.
The Ethereum Foundation has eliminated 54 positions, about 20% of its workforce, as part of a restructuring tied to its updated spending mandate. Vitalik Buterin announced a 40% annual budget cut targeting a reduction in treasury spend from 15% to 5% by 2030. Arkham Intelligence places EF's ETH holdings at approximately $209 million, a nearly six-year low.
The Ethereum Foundation has cut 54 employees, roughly 20% of its staff, in the most concrete austerity measure the organization has taken since pledging to reduce its treasury spending rate.
The Foundation announced the changes Tuesday, saying the cuts conclude a months-long reorganization tied to its updated Mandate and Treasury Management Policy. Vitalik Buterin separately posted on X that the EF is cutting its annual budget by approximately 40% this year, targeting a reduction in annual operating expenses from around 15% of treasury to a long-term baseline of 5% after 2030.
[[embed:tweet url="https://x.com/VitalikButerin/status/2069428396661051587"]] Arkham Intelligence tracked the EF's ETH holdings at approximately $209 million, a nearly six-year low by dollar value, as The Defiant has reported in this arc.
New StructureThe Foundation has reorganized into five domains: protocol layer, access layer, user layer, community layer, and institutional layer, plus operations and management clusters. The protocol cluster is focused on advancing the base layer without compromising censorship resistance or self-sovereignty guarantees; the institutional cluster handles enterprise engagement, financial infrastructure, and policy coordination. The EF said the process leaves it with "the structure, activities, and people necessary for execution on the critical tasks ahead." Departing staff receive severance at one month's pay per year of service, or the locally mandated minimum if higher, plus transition grants.
The 15%-to-5% glide path was codified in the Treasury Management Policy published in June 2025, which set a plan to reduce annual operating expenses roughly linearly over five years toward a baseline typical of endowment-based organizations.
Leadership TurnoverThe layoffs follow a string of senior departures. Co-executive director Hsiao-Wei Wang stepped down earlier this month, following the prior exit of co-executive director Tomasz Stańczak. Board member Bastian Aue has taken on expanded responsibilities overseeing the transition. Nine senior figures have departed the Foundation since January, as The Defiant covered in May.
The funding picture has drawn scrutiny. An insider warned of a $20-30 million gap affecting core development teams; Fundstrat's Tom Lee argued there was "zero chance" of a funding crisis. The EF's execution plan published Monday outlined priorities including MEV elimination, default privacy, and ETH-denominated pay for contributors. As of publication, the EF has made no additional public statement beyond the Tuesday blog post.
ENS dropped plans for Namechain, its own Layer-2 network, as the ENSv2 upgrade stays on Ethereum L1. The ENSv2 will remain fully compatible with Layer-2 networks. In a significant strategic shift, the Ethereum Name Service (ENS) has announced that its next-generation protocol, ENSv2, will stayon Ethereum’s Layer-1 mainchain, dropping previous plans of building its own Layer-2 network, Namechain, according to a blog post by ENS co-founder Nick Johnson on February 6.
ENSv2 is the Ethereum Name Service’s upcoming major upgrade, intended to expand ENS capabilities to a Layer-2 network, providing users with lower fees and faster transactions than the Ethereum mainnet, as well as to provide structural modifications such as hierarchical registries, which give name owners more power and support for numerous chains.
Why ENS Dropped Its Layer-2 Plans Johnson wrote, “ Ethereum is scaling faster than almost anyone predicted two years ago; we’ve seen a 99% reduction in ENS registration gas costs over the past year, coinciding with Ethereum’s gas limit increases from 30M to 60M in 2025. By staying on L1, we’re aligning ENS with the strongest possible infrastructure guarantees, Ethereum itself.”
As Johnson mentioned, ENSv2 will still be released as planned, and halting work on Namechain will not affect the company’s broader roadmap. By having everything on one blockchain rather than two, he expects names to load faster and run more smoothly for users. Also, Johnson noted that the majority of the improvements made to make ENS easier to use over the last two years will stay in place.
Further, ENS Labs COO Katherine Wu shared a post via her X handle, “It is important to note that ENSv2 is ultimately an upgrade to ENS as it exists today — it’s still ENS! Regardless of where it ultimately gets deployed,” and highlighted new features such as individual registries for each ENS name and new apps currently in testing.
Vitalik Backs ENSv2’s Ethereum L1 Move Vitalik Buterin supported the ENS labs decision by saying, “It’s a good decision!” As he noted that ENS names and records represent a critical on-chain state for the Ethereum ecosystem, should remain easily accessible from anywhere.
Further, he added, “It’s also a semi-financial application, in the sense that buying and holding ENS names has a cost, and ENS names can become very valuable objects. With the expanded scaling roadmap, Ethereum L1 is the ideal place for these applications.”
Highlighted Crypto News:
Shiba Inu Eyes Recovery as Bitcoin Rebounds Above $60K
Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.
Bitbank a Epos Card spustily v Japonsku první kreditní kartu navázanou na kryptoměny 27. dubna 2026. Držitelé získají měsíčně 0,5% odměnu v BTC, ETH nebo ASTR.
TLDR: Bitbank and Epos Card launched Japan’s first crypto-linked credit card on April 27, 2026. Cardholders earn a 0.5% crypto cashback monthly, choosing between Bitcoin, Ethereum, or Astar. Users can pay monthly card fees directly from their bitbank exchange account using Bitcoin. Visa’s Japan president confirmed support, calling it a key step in connecting crypto to daily payments. Japan’s Bitbank has officially entered the credit card market with a compelling cashback offer. In partnership with Epos Card Co., Ltd., the company launched the EPOS CRYPTO Card for bitbank on April 27, 2026.
The card gives users a 0.5% crypto cashback on all monthly card spending. This move positions Bitbank as a serious player in Japan’s broader consumer financial services space.
A Cashback Model Built Around Crypto Asset Returns The 0.5% crypto cashback feature sits at the center of this card’s value proposition. Unlike traditional cashback programs that return yen or points, this card rewards users in digital assets.
Cardholders can receive their returns in Bitcoin (BTC), Ethereum (ETH), or Astar (ASTR). The chosen crypto asset is then credited directly to the user’s Bitbank exchange account.
What makes this arrangement particularly practical is the monthly selection flexibility. Users are not locked into one crypto asset for the entire year.
Instead, they choose their preferred return asset each month based on personal preference. This gives cardholders direct control over how they build their digital asset holdings over time.
New members also receive an additional welcome benefit worth 2,000 yen upon signing up. This is awarded on top of the recurring 0.5% crypto cashback program.
Together, both incentives make the card attractive for users already active on the bitbank exchange. Applicants must hold a verified bitbank account to qualify for the card.
Epos Card, the fintech arm of the Marui Group, brings its financial inclusion mission to this partnership. The company has long aimed to provide accessible financial services across all income levels.
Pairing that mission with Bitbank’s crypto infrastructure creates a card that serves both new and experienced crypto holders. The result is a rewards structure designed to lower the barrier to digital asset ownership.
How Bitbank Is Reshaping Japan’s Crypto Payment Landscape Beyond cashback, the card also allows users to pay monthly fees directly from their bitbank exchange account. This makes it Japan’s first credit card to support crypto asset withdrawals for card payment.
Bitcoin is the only asset currently accepted for this withdrawal function. The BTC is sold at the prevailing market rate at the time the payment is processed.
Users should factor in that crypto price movements can affect the final yen-converted amount. There is also a possibility that insufficient BTC holdings could prevent a payment from going through.
Furthermore, selling crypto assets in Japan may carry tax obligations requiring a formal return. Cardholders are advised to stay informed on the regulatory side of crypto transactions.
Visa Worldwide Japan K.K. President Setan Kitney publicly welcomed the card’s launch with a clear statement of support. “We are pleased to announce that we have taken a new and important step in connecting crypto assets with the everyday payment experience,” Kitney said.
He further added, “We hope that new options such as payments and rewards using crypto assets will become more accessible to more people.” His comments reflect growing institutional confidence in crypto-integrated consumer products across Japan.
Kitney also reaffirmed Visa’s broader commitment to the space. “Visa will continue to work with issuers and other ecosystems to foster innovation and expand access to financial services,” he noted.
This backing from a global payments giant adds credibility to the card’s long-term prospects. It also signals that major financial networks are aligning with the direction both Bitbank and Epos Card are heading.
Looking ahead, both companies plan to widen the card’s supported digital assets and payment options. A commemorative campaign is currently running on Bitbank’s official website for new applicants.
Ronin se 12. května při hard forku přesune z nezávislého sidechainu na Ethereum L2 a na zhruba 10 hodin pozastaví transakce i herní akce. Přechod má snížit inflaci RON z více než 20 % na méně než 1 %.
After four years of operating as a sidechain, Ronin is to become an Ethereum L2. Gaming (Mateo/Unsplash) Summary
Ronin, the gaming-focused blockchain behind Axie Infinity, will hard fork on May 12 to migrate from an independent sidechain to an Ethereum layer 2, causing about 10 hours of network downtime.During the migration window, all Ronin transactions and onchain game actions will be paused.The transition to the OP Stack and a new Proof of Distribution model will sharply cut RON token inflation and aim to improve security, scalability and costs after the network’s history-making $625 million bridge exploit.Ronin, the gaming-centric blockchain once synonymous with the industry’s infamous $625 million exploit, is officially shedding its sidechain skin on May 12 to become an Ethereum layer 2 to improve security while maintaining throughput.
Ronin, which announced the migration in April, will execute a hard fork at block 55,577,490, a process that will result in about 10 hours of downtime for users, the network said Monday on X. According to onchain data, the migration is expected to begin on Tuesday around 15:16 UTC.
“Four years ago, we launched Ronin because Axie Infinity needed a faster and more efficient network,” Ronin said when announcing the migration. “It worked. Axie Infinity onboarded millions of gamers to crypto, and Pixels proved that it was possible to do it again.” The time has come to plug "back into the mothership."
While operating as an independent sidechain in mid-May 2022, Ronin suffered what is still today the largest DeFI bridge exploit in history. Layer 2 protocols benefit from tighter links to the underlying blockchain than sidechains, offering benefits that include greater security.
The network's native token, RON, is currently trading at around 11 cents with a market capitalization of about $89.5 million, according to CoinDesk data. While the token remains significantly below its 2024 peak, the migration sparked a rally, with prices climbing 30% over the last 30 days as investors eye a shift in the network's supply dynamics.
“During this downtime window, all network transactions [including transfers, swaps, and smart contract interactions] will be paused,” Ronin said, adding that all games using its network will also be affected. “To avoid any inconvenience, please complete all necessary transactions/onchain game actions on the Ronin Network before the downtime begins.”
During the downtime, a "Proof of Distribution" model will be introduced to reward builders based on active network contribution rather than passive staking, Ronin said. The team noted that “this is fundamentally bullish for RON as it dramatically cuts token inflation from over 20% to below 1%.”
The company also said that transitioning to the OP Stack will allow it to inherit Ethereum’s robust security while maintaining high throughput. The move redirects 90 million RON tokens previously earmarked for staking rewards into the Ronin Treasury, while more than doubling marketplace fees to 1.25% from 0.5%.
Ronin said its narrative is dominated by its pivotal return to Ethereum, a strategic move to reset its economics, secure its bridge infrastructure, and secure its future in an upgrade intended to improve scalability and reduce costs through the use of EigenDA for data availability.
Solana spustila upgrade Alpenglow na komunitním testovacím clusteru, což je největší změna konsenzu v historii sítě. Cílem je zkrátit finalitu a zlepšit odezvu sítě.
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:
The biggest consensus overhaul in Solana history is officially live for testingLayerZero says it "made a mistake" in $292 million Kelp exploitRonin set to transition to Ethereum layer 2 from independent sidechainThe Ethereum Foundation unveils new "Clear Signing" standard to stop users from approving malicious crypto transactionsNetwork News"ALPENGLOW" UPGRADE LIVE FOR TESTING ON SOLANA: Solana developer Anza said that Alpenglow, the network’s biggest proposed consensus overhaul to date, is live on a community test cluster, marking a major step toward a potential mainnet rollout. The update means validator operators can now test software designed to move Solana from its current consensus system, which combines Proof-of-Stake with TowerBFT and Proof-of-History, toward a new architecture intended to dramatically reduce finality times and improve network responsiveness. “Alpenglow is live on the community test cluster,” Anza wrote on X. “The biggest consensus change in Solana’s history, now running on validator infrastructure ahead of mainnet.” Today, Solana relies on Proof-of-History, a cryptographic clock that timestamps transactions, alongside TowerBFT, a voting mechanism validators use to agree on the state of the blockchain. While the design has helped Solana achieve high throughput and low fees, some have pointed to outages and network instability during periods of heavy demand. — Margaux Nijkerk Read more.
LAYERZERO APOLOGY FOR KELP DAO INCIDENT: LayerZero said that it “made a mistake” allowing its own verification infrastructure to secure high-value crypto assets in a vulnerable configuration, marking a notable shift in tone after weeks of blaming developer Kelp DAO for a $292 million hack tied to North Korean attackers. The admission marks a notable shift after weeks of public finger-pointing between LayerZero and Kelp over responsibility for the April hack, which LayerZero had initially framed as an application-level configuration failure by Kelp. “First things first: an overdue apology,” LayerZero wrote in a blog. LayerZero initially blamed Kelp, arguing the protocol had chosen a risky “1-of-1” configuration in which only a single decentralized verifier network, or DVN, needed to approve cross-chain transfers, creating a single point of failure. A DVN is part of the infrastructure that verifies whether a transaction moving assets between blockchains is legitimate. “We made a mistake by allowing our DVN to act as a 1/1 DVN for high-value transactions,” the company said. “We didn't police what our DVN was securing, which created a risk we simply didn't see. We own that.” — Sam Reynolds Read more.
RONIN TO TRANSITION TO LAYER-2: Ronin, the gaming-centric blockchain once synonymous with the industry’s infamous $625 million exploit in 2022, is officially shedding its sidechain skin on May 12 to become an Ethereum layer 2 to improve security while maintaining throughput. Ronin, which announced the migration in April, will execute a hard fork at block 55,577,490, a process that will result in about 10 hours of downtime for users, the network said Monday on X. According to onchain data, the migration is expected to begin on Tuesday around 15:16 UTC. “Four years ago, we launched Ronin because Axie Infinity needed a faster and more efficient network,” Ronin said when announcing the migration. “It worked. Axie Infinity onboarded millions of gamers to crypto, and Pixels proved that it was possible to do it again.” The time has come to plug "back into the mothership." While operating as an independent sidechain in mid-May 2022, Ronin suffered what is still today the largest DeFI bridge exploit in history. Layer 2 protocols benefit from tighter links to the underlying blockchain than sidechains, offering benefits that include greater security. — Olivier Acuna Read more.
ETHEREUM DEVELOPERS RELEASE “CLEAR SIGNING”: The Ethereum Foundation and a group of major crypto wallet developers are rolling out a new security standard designed to stop users from accidentally signing away their funds, a problem that has fueled some of the industry’s biggest hacks and scams. The initiative, called “Clear Signing,” aims to replace the confusing walls of code users currently see when approving Ethereum transactions with simple, human-readable explanations of what they’re actually agreeing to. The effort comes after years of phishing attacks and wallet drains that often boil down to the same issue: users unknowingly approving malicious transactions they don’t understand. The Ethereum Foundation pointed to incidents like the Bybit hack as examples of how attackers exploit “blind signing,” where users approve transactions filled with unreadable technical data. Right now, signing a crypto transaction can feel like clicking “accept” on a terms-of-service page written in another language. Wallets often display long strings of code that only highly technical users can decipher, leaving everyday traders vulnerable to fake apps, malicious links and compromised websites. — Margaux Nijkerk Read More.
In Other NewsCharles Schwab, the brokerage giant that manages around $12 trillion in client assets, began the rollout of its spot cryptocurrency trading service for retail customers in the U.S. An initial group of clients can now trade bitcoin and ether (ETH) on the Schwab Crypto platform, the company posted on X.In July last year, CEO Rick Wurster said the company planned to introduce crypto trading in the near future, with a timeframe of first-half 2026 confirmed last month. The Westlake, Texas-headquartered firm already offers crypto investments through exchange-traded funds (ETFs) and futures trading. — Jamie Crawley Read more.JPMorgan (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are speeding up efforts to move traditional assets onto blockchain rails. A filing with the U.S. Securities and Exchange Commission SEC) outlined plans for a blockchain-based money-market fund investing exclusively in short-term U.S. Treasuries, cash and overnight repo agreements backed by government securities. The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), will maintain blockchain-based token balances tied to investors' ownership records, allowing approved users to submit purchase, redemption and transfer requests through Ethereum, the filing said. The underlying blockchain infrastructure will be operated by Kinexys Digital Assets, JPMorgan’s blockchain unit formerly known as Onyx. — Kristzian Sandor Read more.Regulatory and PolicyThe legislation that could fully insert the U.S. crypto industry into the regulated financial system has emerged in its latest form, with the Senate Banking Committee unveiling the market structure bill's text just after midnight on Tuesday in advance of this week's hearing that's set to push the effort forward. The latest version wasn't expected to offer many surprises for the crypto industry that's already had a chance to dig through it privately, but it includes still-contentious language on stablecoin yield and it maintains legal protections for decentralized finance (DeFi) developers, keeping that corner of the crypto sector happy (so far). Industry insiders waited for the release late into the night, and they'll still have to study the language to ensure their expectations were met. "This bill reflects serious, good-faith work across the committee and delivers the certainty, safeguards, and accountability Americans deserve," committee Chairman Tim Scott said in a statement. "It puts consumers first, combats illicit finance, cracks down on criminals and foreign adversaries and keeps the future of finance here in the United States." — Jesse Hamilton Read more.The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors on Tuesday, moving President Donald Trump’s pick one step closer to becoming the next chair of the U.S. central bank. Lawmakers approved Warsh in a 51-45 vote. Sen. John Fetterman (D-Pa.) was the only Democrat to support the nomination. Warsh still must win a separate Senate vote to become Fed chair, which is expected Wednesday. Governors serve 14-year terms while the chair serves a four-year term. If confirmed as chair, Warsh, 56, will replace Jerome Powell, whose eight-year term leading the Fed ends Friday. Powell, however, has said he plans to remain on the board until a federal probe into renovations at the Fed’s headquarters concludes. — Helene Braun Read more.Calendar
June 2-3, 2026: Proof of Talk, ParisJune 4, 2026: Stable Summit, New YorkJune 8-10, 2026: ETHConf, New YorkSept. 29-Oct.1, 2026: Korea Blockchain Week, SeoulOct. 7-8, 2026: Token2049, SingaporeNov. 3-6, 2026: Devcon, MumbaiNov. 15-17, 2026: Solana Breakpoint, LondonRelated Assets
Aragon zakládá Aragon Foundation jako nový řídicí orgán pro další rozvoj projektu DAO. Radu povedou členové komunity Ethereum včetně Sandeepa Nailwala z Polygonu a Sachy z Lido.
The foundation council will feature established builders from the Ethereum community, including Polygon Co-founder Sandeep and Sacha from Lido.
Aragon, a platform for building and managing Decentralized Autonomous Organizations (DAOs), is creating the Aragon Foundation, a new governing body that aims to help the project move past a tumultuous phase and further its development.
The Aragon Foundation will be led by a so-called Strategic Council, a group of high-profile Ethereum community members who are tasked with formulating strategies, allocating funds, advising the Aragon team and fostering developers. Memebers of the council include Polygon co-founder Sandeep Nailwal, and Sacha, one of the leading researchers in the Lido ecosystem.
In November 2023, the Aragon Association, which was an entity overseeing the Aragon DAO, announced its motion to dissolve the entity and enable user redemptions of its native token ANT.
The Aragon Foundation will inherit funds left over from the legacy Aragon Treasury that are not redeemed by the ANT Redemption Initiative, which is set to end on Nov. 2. The ANT token is up roughly 35% since the initiative was announced and currently trades at a $280 million fully-diluted valuation.
As of Oct 28, 82.5% of the outstanding supply had been redeemed for ETH.
ANT Price - CoinGeckoThe Aragon Foundation will operate as an ownerless organization that aligns with Aragon's values and mission. The Aragon team will remain independent from the Foundation.
“There is an entirely new governing body, and it is composed of people who have been Aragon supporters and users,” Aragon CEO Anthony Leuteneggar told The Defiant in an interview. “There will be alignment around one singular mission, and you have professional people who can fulfill that mission.”
Aragon, which launched in 2017, provides users with no-code DAO creation and management tools. Through Aragon users can distribute tokens, set governance parameters and authorize wallets for voting simply through its interface.
It believes that “the future of humanity will be decided at the frontier of technological innovation and human collaboration.”
Cartesi spustila vylepšenou verzi dApp Honeypot se systémem PRT fraud-proof. Projekt tak posiluje bezpečnost rollupů a udržuje status Stage 2 podle L2Beat.
Honeypot changes rollup security testing by means of a community-incentivized audit and interdisciplinary hacker battlefield. Cartesi is one of 26 projects that have managed to maintain their Ethereum L2 status in accordance with the new standards established by L2Beat. An upgraded version of Cartesi’s Honeypot decentralized application (dApp) has been launched, which raises the bar for rollup security standards. Cartesi is a modular blockchain system that first pioneered application-specific rollups. Moreover, Cartesi’s PRT Honeypot is already a Stage 2 rollup app and one of only three recategorized as Stage 2 by L2Beat.
Honeypot, which is now equipped with Cartesi’s Permissionless Refereed Tournaments (PRT) fraud-proof system, illustrates the project’s dedication to security, transparency, and open development.
Honeypot is a hacking challenge that was first introduced on the Ethereum mainnet two years ago. It is defined as a “hacking challenge based on the concept of honeypots.” Honeypot changes rollup security testing by means of a community-incentivized audit and interdisciplinary hacker battlefield. PRT, a fraud-proof mechanism that provides resistance to Sybil attacks without relying on permissioned validators or hefty hardware, has been added to this most recent version, which serves to strengthen it.
According to L2BEAT, which is a major open-source analytics platform for Layer-2 solutions, projects are evaluated based on proof systems that check rollup data for the purpose of ensuring safe Ethereum settlement. It is currently changing the classification of L2 projects depending on how far along they are in the process of becoming fully operational fraud-proof systems. This organization is widely regarded as a significant industry standard for rollup decentralization and security.
Honeypot is already recategorized as Stage 2, which is the ultimate step in which rollups become entirely governed by smart contracts. This is because Honeypot’s system is completely permissionless and fraud-proof, and it does not depend on a gated multisig for any interventions.
Erick de Moura, Founder at Cartesi stated:
“We don’t expect trust to be given — it should be earned. Honeypots allow projects to commit their own funds to validate the integrity of their fault proofs before asking others to rely on them. It’s a gradual, transparent path toward trustless security that reflects the values this ecosystem was built on.”
Cartesi’s new Honeypot upgrade is a crucial and essential milestone, indicating the maturity of its rollup technology. This is in light of the fact that Ethereum founder Vitalik Buterin has emphasized the need for all Layer-2s to implement measures that prevent fraud. With an eye toward the future, the group is working on the next-generation ‘Dave’ fraud-proof system in order to further increase security.
The conventional software stack and blockchain are separated by Cartesi, which acts as a bridge between the two. The infrastructure of the internet was built over the course of forty years, requiring billions of hours of labor and trillions of dollars. Through the use of Cartesi, developers are able to obtain access to the operating systems, programming languages, software libraries, and tools that have been methodically honed over the course of many decades. This paves the way for the next generation of blockchain applications.
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Bývalý přispěvatel Ethereum Foundation varuje před pomalou finanční tísní u core vývoje ETH, která může přijít během 3 až 9 měsíců. Podle něj je na udržení více než deseti týmů potřeba asi 30 milionů USD ročně.
A former Ethereum Foundation contributor has raised alarms about a possible shortfall in support for the network’s foundational development efforts, warning that it could materialize within the next three to nine months. Trent Van Epps, who spent five years at the Foundation until April 2026 coordinating core protocol activities and related funding initiatives, outlined these concerns in a detailed essay published on June 18, 2026.
Van Epps described the situation as a “slow-burning funding crisis” rather than an abrupt cliff.
He pointed to two primary pressures: the recent conclusion of a multi-year client support program and ongoing adjustments to the Foundation’s treasury management strategy.
The Client Incentive Program, which had channeled resources to teams maintaining Ethereum’s execution and consensus clients over four years, wrapped up in April 2026 without a designated successor mechanism in place.
At the same time, the Foundation has been reducing its annual spending rate.
A treasury plan announced in 2025 set a glide path toward lowering outflows from roughly 15 percent of assets per year down to a more sustainable 5 percent endowment-style baseline by 2030.
This shift aims to preserve long-term solvency after years of using treasury holdings to bootstrap the broader ecosystem.
Van Epps estimated that maintaining adequate capacity across more than ten client teams, research groups, and coordination roles requires consistent annual funding in the range of $30 million.
He noted that current and near-term sources for this level of support appear increasingly limited, based on conversations across the core development community.
Without steady resources, he warned of risks including the departure of experienced contributors who hold deep institutional knowledge, delays in tackling complex challenges such as scalability improvements and future-proofing measures, and potential impacts on the network’s track record of reliability.
The former contributor situated the warning within the Foundation’s long-standing “subtraction” philosophy.
This approach deliberately seeks to limit organizational growth inside the Foundation itself and instead encourage value creation and responsibility across the wider Ethereum ecosystem.
While intended to promote decentralization and maturity, Van Epps argued that executing this transition effectively requires proactive planning for new stewardship structures.
He referenced comments from Ethereum co-founder Vitalik Buterin, who has noted that the Foundation’s original scope—focused on early-stage software development through major upgrades—was largely completed years ago and was never designed as a permanent central authority.
Van Epps called for renewed discussion around updated social, political, and economic arrangements among stakeholders to support ongoing protocol maintenance through more scalable and neutral funding channels.
The concerns come amid reports of staff transitions at the Ethereum Foundation and broader debates about sustainable resourcing for public goods in the Ethereum ecosystem. Van Epps emphasized that underinvestment in continuity could prove costly to reverse if symptoms appear 12–18 months from now, and he urged collective attention to building durable mechanisms that match the project’s long-term goals and objectives.
SSV Network představil SSV 2.0, nový model pro „Based“ aplikace na Ethereum s cílem posílit bezpečnost a decentralizaci. Síť už zajišťuje 1,9 milionu staked ETH.
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SSV Network recently revealed SSV 2.0, a new bootstrapping model to bring “Based” Applications (bApps) to Ethereum. The new infrastructure framework aims to enhance the network’s security and enable “truly decentralized” bApps without compromising Ethereum’s core values.
SSV Network To Bring ‘Based Applications’ To Ethereum SSV Network announced SSV 2.0, an infrastructure framework created to “address the increasing ecosystem fragmentation” and growing demand for Layer 1 (L1)-anchored interoperable solutions.
SSV Network is a fully decentralized distributed staking infrastructure securing 1.9 million staked ETH. The staking network allows the distributed operation of Ethereum validators using Secret Shared Validators (SSV).
According to the announcement, the new bootstrapping model will allow applications “to go ‘based’” by directly leveraging Ethereum’s validator network. The “based” approach is set to “reunite fragmented liquidity while enhancing security” through Ethereum’s validator infrastructure.
Moreover, SSV Network highlighted the growth of the based ecosystem, which creates a need for “a based solution to bootstrapping.” It also noted that SSV 2.0 aims to allow developers to build on Ethereum L1 in a “way that is aligned with the original values and future vision of the ETH ecosystem.”
This includes solving several core issues like fragmentation, high bootstrapping costs, and inadequate security for many Layer 2 (L2). Founder and CEO of SSV Labs, Alon Muroch, stated that the project could change the restaking market, create a new “based economy,” and transform the network’s economics:
SSV2.0 is the biggest, most ambitious project for the SSV Network DAO that has ever been envisioned. If put in place by the DAO, it will profoundly change the restaking market and will create a new ‘Based Economy’ where validators directly secure the bApps of tomorrow. All while positively transforming the SSV economics.
A ‘New Class’ Of Decentralized Apps According to the announcement, SSV 2.0 bases any services or applications directly on the Ethereum L1, creating a “new class of decentralized applications” that allows validators to do more. Additionally, it aims to ensure that bApps can use Ethereum L1’s security, decentralization, and Sybil resistance.
A bApp gains security directly from the L1 instead of utilizing different tokens like in current restaking models, making them more Ethereum-aligned and not exposing Ethereum or its validators to cascading risks. Additionally, gaining more security for the cost of bootstrapping SSV 2.0 extends beyond traditional bootstrapping approaches by introducing the first ‘Infinite-sum’ security model, where increased participation strengthens the entire network rather than creating zero-sum competition.
The new model utilizes the validator as the basis of security to provide a “shared security foundation” to bootstrap any use case, including L2s, oracles, fraud-proofs, and other things that require validation and security.
Meanwhile, validators will be able to unlock benefits by helping bApps bootstrap. SSV Network states that in SSV 2.0, validators can increase their gains by opting into secure bApps or providing different services, like L2 sequencing or validator commitments, to those that need it.
The team announced the development of the SVV Chain as the first bApp to “support the coordination of the new based economy.” The dedicated chain will act as a secure coordinator layer to enable the extension of the SSV network to multiple L1s, including Solana, Avalanche, and Cosmos.
Additionally, SSV Network unveiled its tokenomic changes as part of its transformation from a Distributed Validator Technology (DVT)-powered staking infrastructure into a multidimensional network for the based economy. “First, SSV 2.0 will enable anyone to participate in securing bApps and get rewarded by staking SSV. Second, the SSV token will introduce new burning and fee mechanisms,” the announcement read.
Ethereum (ETH)'s performance in the one-week chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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Ethereum zažilo vzácný masový slashing: penalizováno bylo 39 validátorů napojených na SSV Network. Podle Alona Murocha šlo o problém infrastruktury u operátorů, nikoli o kompromitaci protokolu.
Ethereum experienced a rare slashing event on Wednesday, with 39 validators penalized, according to blockchain explorer Beaconcha.in.The validators were tied to the SSV Network, a distributed validator technology (DVT) protocol that decentralizes staking infrastructure by splitting validator keys across multiple operators.Despite the scale of the incident, SSV founder Alon Muroch emphasized that the protocol itself was not compromised. Instead, the penalties stemmed from operator-side infrastructure issues involving third-party staking providers using SSV.Ethereum experienced a rare slashing event on Wednesday, with 39 validators penalized, according to blockchain explorer Beaconcha.in.
The validators were tied to the SSV Network, a distributed validator technology (DVT) protocol that decentralizes staking infrastructure by splitting validator keys across multiple operators.
Despite the scale of the incident, SSV founder Alon Muroch emphasized that the protocol itself was not compromised. Instead, the penalties stemmed from operator-side infrastructure issues involving third-party staking providers using SSV.
One cluster of slashed validators was tied to Ankr, a liquid staking provider. According to Muroch, routine maintenance on Ankr’s systems triggered the event. A second slashing involved a validator cluster that had migrated from Allnodes two months earlier. Investigators believe a secondary validator setup caused the duplicate signing that led to penalties.
In total, 39 validators were slashed, making this one of the largest correlated slashing events since Ethereum’s transition to proof-of-stake. Each validator slashed faces an immediate ETH penalty and could face inactivity leaks, compounded losses. One validator, backed by a 2,020 ETH stake, lost around 0.3 ETH, or about $1,300 at today’s prices, in the process.
While slashing is built into Ethereum’s design as a deterrent against malicious or negligent behavior, it remains exceedingly rare. Fewer than 500 validators out of more than 1.2 million active have been slashed since the Beacon Chain went live in 2020. Most incidents, including this one, have been traced to operator issues rather than deliberate attacks.
Mass slashings are particularly notable because correlated misbehavior increases the severity of penalties. Ethereum’s protocol enforces additional inactivity leaks when groups of validators are slashed together, amplifying the financial impact.
For Ethereum’s staking ecosystem, the latest wave underscores a familiar but critical lesson: validator safety hinges as much on infrastructure and operator diligence as on the protocol itself. Even when the underlying software is uncompromised, operational errors can have costly and very public consequences.
Read more: ‘Keep It Simple’: Prevent Your Eth 2.0 From Being Slashed
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
SSV Network představil Compose Network, novou vrstvu pro atomické propojení Ethereum rollupů. Projekt má odstranit fragmentaci likvidity a zrychlit cross-rollup transakce.
SSV Network has unveiled a new project called Compose Network, pitching it as the “holy grail of Ethereum interoperability” and a layer that will connect rollups rather than compete with them. Announced in a spirited post on X, the team positioned Compose as a continuation of SSV’s infrastructure work, built on its validator stack and meant to enable atomic, instant coordination across Ethereum’s various rollups.
According to SSV’s announcement, Compose is a coordination layer at the execution layer: it lets actions that span multiple rollups execute together, or not at all. The core promise is straightforward but consequential. Deposit to Rollup A, swap on Rollup B, bridge back to Rollup A; all of those steps would settle together, atomically, in a single coordinated flow. No long waits on bridges, no fragmented liquidity across siloed rollups, just instant finality backed by fast zk proofs and secured by Ethereum.
SSV framed Compose not as a pivot but as an “SSV-native initiative.” The team says it builds on the group’s earlier work on distributed validator technology (DVT) and on the notion of “Based Applications” that SSV introduced earlier this year. By extending those ideas, Compose aims to give SSV validators a new role: powering cross-rollup coordination and earning additional incentives for doing so. In SSV’s view, that will create more use cases, increase demand for validators, and strengthen network effects while attracting a growing ecosystem to build on top of the infrastructure.
The company emphasized that SSV Labs and the SSV DAO remain committed to advancing DVT and to the network’s core roadmap, portraying Compose as the next logical step in both SSV’s roadmap and Ethereum’s evolution. “Compose isn’t just about faster transactions,” the post reads, “It’s about restoring the Ethereum experience, where everything works together again. Atomic. Synchronous. Instant. Composable.”
From DVT to interoperability Technically, Compose promises to stitch rollups at the execution layer using a combination of fast zero-knowledge proofs and SSV’s validator security. That architecture is intended to deliver the kind of atomic cross-chain experiences users and developers have long sought: multi-step flows that either complete in full across rollups or fail cleanly, without leaving funds stranded mid-bridge. If Compose delivers on its claims, developers would be able to design multi-rollup applications that behave as if they were deployed on one unified Ethereum, rather than a patchwork of separate environments.
SSV’s announcement also teased a broader play: by enabling synchronous composition across rollups, the project aims to make Ethereum scale horizontally via rollups while preserving a vertically unified user and developer experience. The blog post linked by SSV promises more technical detail and context for teams that want to learn how Compose will work and who will be able to build on it.
To answer questions from the community, SSV invited followers to a community call and pointed readers to its Discord channel. The team also encouraged people to follow Compose Network on X for updates as the project moves from announcement toward implementation. The introduction of Compose comes at a moment when Ethereum’s roadmap increasingly relies on rollups for scaling, and the ecosystem is hungry for better cross-rollup primitives. Bridges have long been a pain point; slow finality, liquidity fragmentation, and complicated user flows have frustrated both builders and end users.
By promising instant, atomic multi-rollup transactions, Compose isn’t trying to be another rival rollup; it’s pitching itself as the glue that actually makes rollups work together. The idea is simple: stitch different rollups into a single, seamless experience so users and builders don’t have to wrestle with slow bridges or fragmented liquidity.
Of course, whether Compose can pull it off comes down to the gritty details, the implementation, how validator rewards are structured, and whether SSV can produce fast, reliable zk proofs at scale. Still, the announcement feels like a bold step: moving interoperability from basic message passing to true atomic execution. If it succeeds, it could change how multi-rollup apps are built and, more importantly, how they feel to use across Ethereum.
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Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
SSV DAO navrhla SSV Staking, který má z tokenu SSV udělat akumulační token ETH a umožnit stakerům získávat odměny v ETH akumulované z poplatků sítě. Pokud návrh projde, přinese i delegaci a Effective Balance Oracles.
SSV Network, the leading distributed validator technology (DVT) provider on Ethereum, securing over 5.5M ETH, is set to undergo the biggest comprehensive upgrade in its history. The SSV DAO has unveiled a potential path for SSV Staking, a major upgrade that would fundamentally redesign how the network accounts for validator balances and collects fees. If approved, the proposal would introduce SSV Staking delegation and Effective Balance Oracles, integral to the network, and turn the SSV token into an ETH accrual token, allowing SSV stakers to receive ETH rewards accrued from network fees.
At the center of the proposal is a move away from SSV-denominated protocol fees toward a fully ETH-native accounting and reward model that reflects the reality of Ethereum’s validator economy. Validator rewards are earned in ETH, operator costs are priced in ETH, and post-Pectra validator balances can now scale up to 2,048 ETH per validator. SSV Staking is designed to align the protocol — and its token — with that reality.
Introducing Effective Balance Oracles for post-Pectra accounting In parallel, supporting SSV staking and Ethereum’s post-Pectra validator model requires effective balance–aware accounting. Effective Balance Accounting ensures that fees, runway calculations, and liquidation logic scale with the actual stake secured by validators, rather than relying on “per-validator” accounting that has changed with validator consolidation – allowing a single validator to have a balance of 2048 ETH.
Implementing this model natively requires the protocol to reflect validator effective balances on-chain throughout their lifecycle. To bridge the gap between Ethereum’s consensus layer and on-chain accounting, the protocol introduces Effective Balance Oracles that track validator balances and update the protocol state.
Operating this oracle layer securely and resiliently is a core protocol function. Under SSV Staking, SSV holders would stake and delegate their tokens to support the selection and operation of oracle participants, aligning economic incentives with protocol security.
From Governance token to ETH accrual asset Under the proposal, SSV holders would be able to stake their tokens in a new staking contract and receive cSSV, a liquid ERC-20 token minted 1:1 to represent a staked position. While holding cSSV, participants would accrue a pro-rata share of ETH-denominated network fees, distributed through the protocol in proportion to staking participation.
Elad Gafni, SSV Foundation, said:
“cSSV is designed to represent more than a staked position; it represents participation.” Adding that: “SSV Staking is a mechanism for SSV holders to help operate and secure a core protocol function through delegation. This is a fundamental shift in how value flows through the network.”
Crucially, holding cSSV preserves full governance and voting rights, while enabling composability across DeFi as a liquid representation of staked SSV.
A new relationship between Ethereum infrastructure and SSV token holders SSV Staking goes beyond introducing yield. It is a full redesign of the network’s economic engine, connecting validator balances, ETH-denominated fees, oracle-backed accounting, and token incentives into a single system.
If approved by the DAO, SSV Staking would mark a shift from SSV as a governance and operator payment token toward an ETH accrual token, tightly coupled to the usage of one of Ethereum’s largest staking infrastructure providers.
About SSV Network SSV Network provides a distributed infrastructure designed to improve the fault tolerance, decentralization, and security of Ethereum validators through Distributed Validator Technology (DVT). SSV Network is the leading provider on Ethereum, securing over 5.5M ETH, worth an estimated ~$16 billion, across nearly 2,000 globally distributed node operators.
Press contact:
Robert Drage [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Centrifuge (CFG) vyskočil na nejvyšší úroveň od ledna před migrací tokenu na Ethereum 20. května. Celková uzamčená hodnota v ekosystému zároveň dosáhla rekordních 441 milionů USD.
The Centrifuge token surged to its highest level since January ahead of an upcoming token migration and a sharp rise in assets within its ecosystem.
Centrifuge (CFG) jumped to a high of $0.2850 on Friday, up 180% from its lowest point this year. The surge pushed its market capitalization to over $106 million.
The rally comes ahead of the scheduled migration of the Centrifuge governance token to Ethereum (ETH) on May 20. This marks a major milestone as the network moves toward full Ethereum Virtual Machine compatibility.
The migration is expected to pave the way for the launch of an Ethereum-native Centrifuge Protocol.
The developers hope that the transition from Polkadot (DOT) to Ethereum and Base will improve its governance, broaden exchange and decentralized finance integration, and streamline liquidity.
As part of the migration, the supply of CFG will increase from the current 560.246 million to 675 million. The additional 115 million tokens will be allocated to the Centrifuge Foundation to fund incentives targeted at decentralized finance users, strategic initiatives, and exchange liquidity. The protocol will maintain its 3% annual inflation rate.
The next chapter for $CFG is here.
Starting May 20, 2025, holders of CFG and wCFG will be able to migrate to the new CFG token, designed to support governance and expansion of the Centrifuge protocol.
The migration window will remain open until November 30, 2025.
More details…
— Centrifuge (@centrifuge) May 12, 2025 The token also rallied as the total value locked in Centrifuge’s ecosystem rose to a record $441 million, up from less than $100,000 in March. Most of this capital is in the Janus Henderson Anemoy Treasury Fund, which invests in short-term U.S. Treasury bills.
Centrifuge price analysis CFG price chart | Source: TradingView On the daily chart, CFG climbed to $0.2735 on Friday as anticipation over the token migration intensified. The level is significant, as it coincides with the lowest swing point from October last year.
The MACD indicator has recently crossed above the zero line, and the Relative Strength Index has entered overbought territory.
Given this setup, the token is likely to continue its climb, potentially reaching resistance around $0.50 ahead of the migration. A pullback may follow the event as investors take profits in a classic “sell the news” scenario.
Hyperliquid ETF zaznamenal rekordní denní čistý příliv 25,5 milionu USD a za prvních sedm obchodních dnů přilákal celkem 54 milionů USD. Institucionální toky do HYPE ETF podle Presto Research zatím v poměru k tržní kapitalizaci překonávají tempo Bitcoin ETF.
May 21. On May 20, the U.S. Spot Hyperliquid ETF notched $25.5 million in net inflows—its largest single-day haul since launch. In the days leading up to that date, the ETF had posted net inflows of $4.4 million on Monday and $11 million on Tuesday. Data shows the 21Shares Hyperliquid ETF (THYP), which launched on May 12, brought in $16.7 million in net inflows that same day—up from the $5.3 million it saw the prior day. The Bitwise Hyperliquid ETF (BHYP), launched on May 14, took in $8.8 million, a jump from the $5.7 million it recorded the day before. Over its first seven trading days, the entire category has pulled in a total net inflow of $54 million. Peter Chung, research director at Presto Research, noted that when adjusted for market capitalization, institutional flows into the HYPE ETF have outpaced the speed of inflows into Bitcoin ETFs so far this year. Dominick John, an analyst at Zeus Research, added that these inflows signal investors are capitalizing on entry points tied to the infrastructure narrative, while recognizing the asset’s transparent, usage-driven revenue model. Fueling this momentum, HYPE’s token price surged 17.3% in the past 24 hours to $55.91, with a current market cap of roughly $13.4 billion. The token previously hit an all-time high of around $59.3 in September 2025. Per CoinGecko data, HYPE’s fully diluted valuation briefly reached about $54.7 billion, momentarily surpassing Solana’s $54.2 billion valuation at the time. Tim Sun, a senior researcher at HashKey Group, believes the sustained inflows into the HYPE ETF show the market is forming a new consensus: decentralized trading platforms are starting to be integrated into broader overhauls of financial infrastructure. Jeff Ko, chief analyst at CoinEx, pointed out that HYPE and its related ETFs have structural investment logic distinct from Bitcoin and Ethereum. He explained: Bitcoin acts as a non-yielding store of value; Ethereum centers on staking rewards; HYPE, meanwhile, operates more like equity in a cash-flow-generating trading platform—since the protocol uses most of its fees for open-market token buybacks, giving investors a more familiar valuation framework to work with. On-chain metrics confirm Hyperliquid has become a dominant player in on-chain perpetual contract and derivative trading. So far this week, the network has captured approximately 42% of total blockchain fees, outperforming Tron (22.6%), Solana (10.6%), and Ethereum (8%) in that key metric.
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In recent months, Compound Finance has become one of the most popular lending platforms in the entire cryptoeconomy. Can it become the most popular?
To be sure, it remains to be seen if Compound will one day unseat Dai builders Maker atop the DeFi ecosystem, even if temporarily. Still, the project’s builders have recently been taking steps to make the “money lego” platform better and its users’ happier. That’s certainly a start.
For example, one of the bigger threads in Compound’s march toward maturity hit the limelight this week as attention gathered around its fresh audit. Specifically, the smart contract specialists at the OpenZeppelin project just published an audit on some of the Compound platform’s most important smart contracts.
⚠️ Here we present a summary of the @compoundfinance audit, including:
– System overview
– Privileged Roles and Future Direction
– Interest-free loans
– Counterproductive incentives
– Full audit reporthttps://t.co/OsGE6w3gnT
— OpenZeppelin (@OpenZeppelin) August 28, 2019
The good news? OpenZeppelin didn’t find any code issues that it deemed to be “critical.” But the auditors did find a series of lesser serious issues that helped the Ethereum community understand the fledgling Compound platform better.
Among these issues, one problem highlighted was that there are currently admin keys that could be used to compromise some of Compound’s tech.
Custodial Compound contracts pose a risk of *unsecured debt*
> cTokens used as collateral remain in the borrower's wallet but are non-transferable
> Admin could allow transfer of collateral cTokens… essentially enabling Compound debt to be undercollateralized https://t.co/jHzlwZgvQe
— Eva Beylin (@evabeylin) August 27, 2019
In response, Compound co-founder Robert Leshner later noted that the platform intended to evolve toward total decentralization.
“Absolutely; the FAQ […] and whitepaper […] are both very transparent about how the admin privileges work, and our goal to decentralize away from having an admin at all,” Leshner said on August 27th.
Love ’em or hate ’em, Compound opening up their contracts for everyone to pick apart only works in their favor in the long run.
New Assets Being Voted In Like other cryptocurrency platforms, Compound only supports a select number of cryptocurrencies. But that number is about to get bigger.
That’s because Compound has opened up a voting period for its users to decide which digital assets they want to see on the platform next. The projects currently up for consideration include Maker, Tether, Decentraland, Huobi Token, Loom Network, Numeraire, OmiseGo, Paxos, and TrueUSD.
Voting has begun to select the next two Compound protocol assets!
????️ Make your selection: https://t.co/En6tOQffeo
???? Learn more: https://t.co/9uAeCVgcAD
⏱️ Voting is open for two weeks!
— Compound Labs (@compoundfinance) August 28, 2019
“Voting will last for 14 days, after which the 2 winning tokens will be added to the protocol following the creation of cToken integration contracts, successful security audits, and a determination of suitability,” the aforementioned Leshner said.
The Berlin Bump and Beyond Berlin Blockchain Week was earlier this month, and one of its events — ETHBerlin Zwei — saw no shortage of Hackathon projects built atop Compound. That gave the platform a tangible bump in usage.
According to tracker website DeFi Pulse, Compound has been steadily gaining on Maker’s DeFi dominance as of late. Of course, Maker still dominates more than 50 percent of the DeFi ecosystem, but Maker’s slice of the pie has been slowly declining as Compound has gained more attention.
2/ The total supply of DAI in the market has lowered around $14M in the last 90d thanks in part to CDPs moving to Compound and tools like @InstaDApp's Bridge. And so, the stability fee is starting to lower as a result. [TVL charts included for reference. Note difference in scale] pic.twitter.com/sckUjnPvL3
— DeFi Pulse (@defipulse) August 30, 2019
It’s not that one is more impressive than the other, rather that both are at the top of DeFi right now and Compound is notably gaining steam. With that said, Maker and Compound are far from enemies as the DeFi Pulse team has explained:
“For the time being, they appear to have a symbiotic relationship. Maker prints the DAI, Compound creates more demand for DAI in the market.”
Dharma Pivots to Compound On August 29th, Dharma — a top 10 DeFi project at present — announced that it was relaunching its cryptocurrency services upon having phased out its initial offering.
The twist? Dharma’s new services will rely on Compound’s liquidity pools. In moving away from crypto lending, the project’s first offering after the relaunch will be a savings product.
“Working with Compound allows Dharma to focus on the parts of the business which they do best, which in my view include design, product, and user experience, and instead outsource part of the stack,” Autonomous Partners founder and Dharma investor Arianna Simpson said on the news.
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
Coinbase, Kraken, Bittrex, Circle a další spustily Crypto Rating Council, který bude hodnotit kryptoprojekty podle toho, zda mohou být podle amerického práva považovány za cenné papíry. Bitcoin dostal nejnižší skóre 1, zatímco XRP 4.
Some of the most popular companies in the cryptoeconomy have banded together to create an organization that will assess and rate top cryptocurrency projects on the likelihood of these projects being securities per U.S. federal securities laws.
That organization, the Crypto Rating Council (CRC), counts exchange operators like Bittrex, Coinbase, Kraken, and Poloniex-backers Circle among its first members, as well as the firms of Anchorage, DRW Cumberland, Genesis, and Grayscale Investments.
So why the need for such a body?
The so-called Howey Test, which is a test devised by the U.S. Supreme Court to determine if a given asset is a security, commonly leads to “judgment calls, inconsistent results, and … disagreement among legal experts,” the CRC said on the Frequently Asked Questions section of its new website.
Accordingly, the organization’s rating system — which runs from 1 to 5, with 5 indicating an asset bears the hallmarks of a security and 1 meaning the opposite — is being hailed by members as a “compliance tool” that will help bring consistency to their respective asset review processes.
Founded by prominent companies across the crypto industry, our mission is to lead crypto financial services firms committed to practical compliance with the U.S. securities laws. We are the Crypto Rating Council, and we launched today: https://t.co/FbdwfSZN9D
— Crypto Rating Council (@CRC_Crypto) September 30, 2019
“The CRC will publish a simple rating for most assets it reviews to indicate the results of its analysis as a reference for operators, developers, and the public,” the organization said.
With that said, the ratings are utterly non-binding and have been made without involvement from the U.S. Securities and Exchange Commission (SEC). So, while clarity is the professed goal, the only thing the CRC has ultimately made more clear is what its members think about the legal status of top cryptocurrencies in America.
“The score does not reflect a legal conclusion and is no indication of qualitative value of an asset or suitability for investment or any other purpose,” the CRC said of its ratings.
How the First Scores Look Don’t expect any surprises when it comes to bitcoin (BTC). The oldest cryptocurrency, which has long been held up by various stakeholders as a standard for decentralized projects, received a 1 rating from the CRC.
Other projects the body deemed to have “few or no characteristics consistent with treatment as a security” included DeFi’s darling Dai stablecoin, the popular Monero (XMR) privacy cryptocurrency, and Litecoin (LTC).
The 2 rating was given to the next rung of projects that the CRC deemed to seem mostly decentralized according to its framework. These projects included Ethereum (ETH), Zcash (ZEC), Numeraire (NMR), ChainLink (LINK), and the fledgling proof-of-stake project Algorand (ALGO).
Getting on up there according to the group were projects like Augur (3.75), EOS (3.75), Stellar (3.75), Tezos (3.75), and XRP (4). The highest inaugural scores were given to Polymath (4.5) and Maker (4.5).
Notably, the SEC announced just hours after these ratings were released that Block.one, the team behind the EOS launch, had settled charges and would pay a $24 million civil penalty for its year-long ICO being an unregistered security offering.
The Commission said the securities status only applied to the “IOU” ERC20 token that was issued during the sale rather than the current EOS cryptocurrency, which lives on EOS now rather than Ethereum.
Are Exchanges Listing Securities? One question that immediately started buzzing through the ecosystem on the heels of the announcement of the CRC was why would exchanges like Coinbase take chances on assets like XRP that appear to bear considerable resemblances to a security in the U.S.?
One possibility is that the group’s members consider “security status is binary,” according to Jake Chervinsky, the General Counsel of DeFi lending project Compound Finance. In other words, anything less than a 5 rating would be fair game accordingly.
My best guess: they'd say security status is binary and as a matter of law it doesn't make a difference how close a token comes to being a security if it's ultimately not one.
On that logic, though, query the value of publishing the five-point score in the first place.
— Jake Chervinsky (@jchervinsky) September 30, 2019
But even if the already rated cryptocurrencies later end up being cleared as “not securities” per the SEC, the CRC rating system can lead to future conflicts of interest, e.g. member exchanges being charitable in their ratings because they stand to gain from trade volume.
In my opinion, this rating system creates a massive conflict of interest. All of the companies that joined this consortium are massively incentivized to rate the vast majority of tokens as non-securities. Coinbase listed some very questionable tokens including XRP, Tezos, EOS
— Larry Cermak (@lawmaster) September 30, 2019
But there’s a silver lining here, according to Blockchain chief executive officer and president Marco Santori. In a Twitter thread on the CRC announcement, Santori said the effort was suspect in some ways but was also a positive attempt at self-regulation in an industry that needs more regulatory clarity in general.
8/ So why on earth would they publish this? Why on earth should we applaud their effort?
Well, actually we should.
As an industry, this stuff is basically the best we've got.
THAT'S RIGHT ITS A TWIST
wait hear me out.
— Marco Santori (@msantoriESQ) September 30, 2019
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
