Crypto Industry News & Market Trends

Vitalik Buterin pushes Ethereum Foundation toward AI-verified code

Vitaliks thoughts on the efforts to save and strengthen EF. Source: X.　　Buterin reiterated that the foundation was just another node and not a central authority like Ethereum. It was consistent with its original objective during the token sale era, which was completed with the help of the Serenity upgrade.　　Fiscal responsibility is at the heart of the pivot. At present, the EF owns only about 0.16% of the total ETH in circulation—significantly less than even some individuals or corporations—and is certainly not set up to be an everlasting guardian of the entire ecosystem.　　To maximize effectiveness, it will focus on longevity rather than breadth, meaning it will sell less ETH.　　Vitalik boosts EFs technical vision, taking on CROPS　　Buterins vision starts and ends with the need for Ethereum to be “deeply impressive” within CROPS, not speed alone, which would simply make it mediocre. He flat-out rejects 250ms latency and 1 million TPS as a recipe for failure, as it would render Ethereum no more decentralized than its competitors.　　Instead, the team will aim to achieve three key objectives with respect to technology, all of which can be done with the aid of high-throughput and scalable L2 systems:　　Provably bug-free software via AI-assisted formal verification: What was

05-25Ethereum

Mow: I Feel Sorry for Ethereum

Many rollups still rely on centralized sequencers, and massive staking pools of the likes of Lido continue to dominate the base layer (hence, centralization concerns are alive and well).　　Ethereum is bleeding market dominance while struggling to defend its utility against other competitors.　　Tom Lees multi-billion dollar catastrophe　　Ethereums predicament is becoming painfully apparent on Wall Street.　　Tom Lees firm, BitMine Immersion Technologies, is currently shouldering catastrophic paper losses.　　The firms average acquisition cost sits around $3,850 per ETH. The firm is currently underwater to the tune of $8 billion in unrealized losses.　　Despite a sharply dropping stock price, BitMine continues to stubbornly buy the dip.　　A “smaller ship”　　Amid the price depression and mounting criticism, Ethereum co-founder Vitalik Buterin recently introduced a new vision for the Ethereum blockchain.　　Buterin is stepping out of the limelight, rejecting any aspirations of being the “eternal steward” of the network.　　He has also explained that the Ethereum Foundation will be selling less ETH from now.　　He also insists Ethereum must become “impressive” in more fundamental ways, focusing on bug-free code, resilient chain consensus, and higher decentralization.

05-25Ethereum

Ethereum Foundation Director Behind Vitalik Buterin’s New ETH Plan

Under Bestians guidance, EF will become a smaller, leaner. It will become more focused organization centered on Ethereums core “cypherpunk” values. This includes decentralization, privacy, censorship resistance, openness, and security.　　As Vitalik announced, rather than chasing 250ms latency, 1M TPS goal and aggressive business development, Ethereums goal is to become “deeply impressive” technically. For this, the organization is set to run through initiatives. It includes AI-assisted formal verification to make Ethereum nearly bug-free, “available chain consensus”, and intermediary minimization.　　This comes after a week when Vitalik outlined plans to improve Ethereum‘s Native Privacy. FOCIL, EIP-8141, smart contract wallets, and specialized Layer-2 networks are few components now set to become part of Ethereum’s long-term scaling roadmap.　　Other Articles…　　This is something that Bastian had announced right when he took on the role. He had written in a X post, “The mandate of the EF is to make sure that real permissionless infra, cypherphunk, is what gets built.Ethereum should outlast us…to make it last 1000 years or more.”　　Thus, the base for current transition had already been laid by Bastian as soon as he took over as EFs co-ED.　　Board of Ethereum Foundation　　The decisions that happen at and for Ethereum are made by cumulative majority. Besides Bastian Bues,

05-25Ethereum

3 Made in USA Coins to Watch as US Iran War Nears End

Tech　　3 Made in USA Coins to Watch as US Iran War Nears End　　Trumps patient Iran strategy reset the geopolitical risk premium and lifted Made-in-USA coins to watch above their May lows.　　Now three US-aligned AI tokens show bullish chart setups as institutional capital rotates back to American growth and pre-IPO AI plays. Pattern breakouts and key trendline reclaims confirm the macro thaw across US AI hubs and the relevant altcoins plays.　　NEAR Protocol (NEAR)　　NEAR trades at $2.35 on May 25 after a 55% weekly rally. The Silicon Valley AI Layer-1 leads Made-in-USA coins to watch as Trumps patient Iran strategy lifts risk-on flow.　　NEAR co-founder Illia Polosukhin co-authored Googles “Attention Is All You Need” paper, the foundation of modern AI. That US AI lineage attracts institutional capital rotating back to growth on de-escalation.　　De-escalation Hopes: Truth Social　　The token is up 66% over the past month, leading the AI Layer-1 cohort.　　on this day (June 12) in 2017, the seminal Google paper on Transformers titled ‘Attention Is All You Need’ was submitted for publication for the first time!　　Illia Polosukhin co-authored the paper shortly before co-founding NEAR protocol: The blockchain for AI ????　　gm ???? pic.twitter.com/XTHzR7jsvE　　— NEAR Protocol (@NEARProtocol) June 12, 2025　　The 100%+ pole move from May‘s $1.24

05-25Industry

Trump-Era CFTC Suspended Officials Who Questioned Crypto Firms With Trump Ties

Crypto　　Trump-Era CFTC Suspended Officials Who Questioned Crypto Firms With Trump TiesRegulators at the CFTC who questioned Polymarket, Crypto.com, and Gemini faced suspension and removal from their positionsEach of the three companies maintains direct financial connections to the Trump family business empireFormer acting chair Caroline Pham and her legal counsel stepped in to assist these firms over staff resistanceEnforcement cases against crypto companies plunged from more than 80 during the Biden presidency to merely two under TrumpPham and her counsel subsequently accepted positions at companies they previously helped greenlight　　A bombshell New York Times investigation released Sunday has exposed how senior regulators at the Commodity Futures Trading Commission faced suspension, internal investigations, and ultimate dismissal after voicing concerns about three cryptocurrency and prediction market platforms. The comprehensive report relied on internal agency documentation and conversations with over 30 current and former employees.　　This Times investigation into the CFTC is just … wow.　　In the past 16 months of the Trump administration, the commission has shrunk its work force, purged career officials, sharply curtailed crypto enforcement and helped out prediction markets at virtually every turn, The Times…　　— Zach Schermele (@ZachSchermele) May 24, 2026　　The investigation centers on three platforms: Polymarket, Crypto.com, and Gemini affiliate Gemini Titan.

05-25Industry

Japanese Yen: Intervention needs BoJ support – HSBC

Finance　　Japanese Yen: Intervention needs BoJ support – HSBC　　HSBC analysts argue that foreign exchange intervention alone is unlikely to keep the USD/JPY pair sustainably below 160. They stress that effectiveness increases when intervention coincides with Bank of Japan (BoJ) rate hikes and lower Oil prices. They also warn that emerging fiscal concerns and rising long-dated JGB yields could limit any sustained Japanese Yen (JPY) appreciation in the near term.　　Policy follow-through key for Japanese Yen　　“The key lesson from 2024 is that intervention without policy follow‑through tends to lose impact quickly.”　　“In practical terms, intervention alone is unlikely to keep USD/JPY below 160 for a prolonged period of time.”　　“It is more effective when supported by broader conditions − such as a Bank of Japan (BoJ) rate hike and lower oil prices − which together could help USD/JPY grind lower over time.”　　“However, fiscal concerns may re-emerge and complicate the near-term outlook. These risks could surface in late May, linked to supplementary budget discussions, and/or in June, when Japan releases its annual medium‑term economic and fiscal policy guidelines, expected to be Prime Minister Takaichis first.”　　“Such developments could push long‑dated Japanese government bond (JGB) yields higher, reinforcing the view that underlying domestic pressures remain persistent.”　　“Overall, even with

05-25Industry

‘Clock Is Ticking,’ ECB Warns Banks Over Mythos and AI Cyber Risks

The European Central Bank has summoned banks to a Tuesday session over cybersecurity risks posed by Anthropics Claude Mythos and other advanced AI models.　　Frank Elderson, vice-chair of the ECBs supervisory board, said the regulator wants banks to accelerate the rollout of software patches to address vulnerabilities.　　Why Advanced AI Models Have Banks on Edge　　Anthropic released the Claude Mythos Preview in April under Project Glasswing, a restricted program. Recent evaluations show the scale of what Mythos uncovers.　　The UKs AI Security Institute (AISI) found Mythos Preview cleared 73% of expert-level Capture the Flag (CTF) challenges. No AI model could pass that benchmark before April 2025.　　Mozilla shipped Firefox 150 with 271 patches for vulnerabilities found by the model, far above prior Opus 4.6 results.　　Elderson said banks must accelerate patch deployment because attackers can now reverse-engineer fixes within 30 minutes. He warned that ‘andante’ tempo is no longer enough.　　“There is a whole range of issues on cyber security that we have been engaging on with the banks for years, which are all still valid, but given the progress in AI, they need to be dealt with faster,” he told FT. “In musical terms, I would say andante may have been good enough, but we need

05-25Industry

FTX legal adviser Fenwick settles customer lawsuit for $54m

Fenwick & West has agreed to pay $54 million to settle a class action lawsuit filed by former FTX customers who accused the law firm of helping facilitate fraud at the collapsed cryptocurrency exchange.Fenwick & West has agreed to pay $54 million to settle claims that it helped FTX conceal the misuse of customer funds.Former FTX customers alleged that the law firm advised on legal structures tied to Alameda Research, North Dimension, and unlicensed financial operations.　　According to court filings tied to the proposed settlement, the Silicon Valley law firm reached the agreement after initially trying to dismiss the case brought by former FTX users in 2023. The settlement still requires approval from a U.S. judge before it can take effect.　　Former customers of the exchange alleged that Fenwick played a central role in legal and corporate arrangements that allowed FTX and its affiliated trading firm, Alameda Research, to move and commingle customer funds without proper safeguards. Plaintiffs claimed the firm helped create structures and entities designed to obscure how customer assets were handled inside the FTX group.　　Court records from the original complaint alleged that Fenwick also advised FTX on legal strategies intended to avoid money transmitter licensing requirements in some jurisdictions.　　Earlier

05-25Industry

Hyperliquid (HYPE) is emerging as a challenger to traditional exchanges and prediction markets, says FalconX

Crypto trading platform Hyperliquid is beginning to compete with traditional exchanges and prediction market operators as it expands beyond perpetual futures trading, according to a new report from FalconX.　　Senior crypto market strategist David Lawant outlined how Hyperliquid‘s recent moves into pre-IPO markets, prediction contracts and tokenized real-world assets are broadening the platform’s appeal beyond crypto-native traders.　　“Hyperliquid is seeing traction as demand for its HIP-3 markets expands to include pre-IPO markets,” the report said.　　Hyperliquid first gained traction through crypto perpetual futures, a type of derivatives contract that dominates offshore digital asset trading. The platforms native token, HYPE, has skyrocketed 94% over the past three months. But FalconX said newer products could push the platform into more direct competition with firms such as CME Group, Intercontinental Exchange-backed prediction market Kalshi and Polymarket.　　The report pointed to growing activity in Hyperliquids HIP-3 markets, which allow users to trade assets including equities, commodities, forex and pre-IPO contracts around the clock. FalconX said those markets gained attention after traders used them to speculate on companies such as Cerebras, Anthropic and SpaceX before public listings.　　The platform has also begun rolling out HIP-4 outcome markets, which function similarly to prediction markets by allowing traders to bet on binary

05-25Industry

Tether targets Georgia with lari-backed stablecoin launch

Tether and the Government of Georgia plan to launch GEL₮, a stablecoin representing the Georgian lari. Tether and Georgia plan GEL₮ as a digital version of the Georgian lari for payments.GEL₮ will target lower transaction costs, fast settlement, programmable payments, and cross-border digital transfers.Georgias framework covers reserves, redemption rights, issuer oversight, AML rules, and U.S. rule alignment.　　In a Monday announcement, Tether said the project would place Georgias national currency on digital asset rails under a purpose-built stablecoin framework.　　The company said GEL₮ is designed for lower transaction costs, near-instant settlement, programmable payments, and digital value transfers. Further details on the tokens structure, rollout, and regulatory setup will be announced later.　　Georgia targets lari-backed stablecoin payments　　GEL₮ is expected to support digital payments, cross-border commerce, fintech products, and value transfers across Georgia and the wider region. Tether said the token will work as a digital version of the Georgian lari, not a dollar-backed asset.　　The move comes as stablecoins keep growing as payment and settlement tools. Tether said USD₮ has a market capitalization approaching $190 billion, while crypto.news market data recently placed USDTs market cap near $189.5 billion.　　Georgia has already supported digital asset payments in some public finance use cases. Tether said the country allows

05-25Industry

...

303305

...

1000