Crypto Industry News & Market Trends

Ethereum details Glamsterdam devnet progress and Hegotá roadmap shift

FOCIL, Verkle Trees and account‑abstraction upgrades have moved to Hegotá, turning it into a late‑2026 “cleanup and hardening” fork while leadership changes in Ethereums Protocol Cluster steer the longer Strawmap roadmap.Glamsterdams multi‑client devnet is running enshrined PBS and gas repricing via EIP‑8037, giving Ethereum a clearer path to formalize MEV at the protocol level without overloading a single fork.EIP‑8037s cost_per_state_byte model targets roughly 60 GiB of state growth per year at 300m gas, making new accounts and state-heavy contracts 8–10x pricier while preserving deployability for large DeFi codebases.　　The Ethereum Foundation has published a new protocol update confirming that the Glamsterdam development network is now online and that work on the Hegotá scalability roadmap is advancing in parallel. In a blog post summarizing an interoperability meeting held in Norways Svalbard archipelago, core developers outlined how execution-layer changes like enshrined proposer-builder separation (ePBS), gas repricing via EIP‑8037 and censorship-resistance features such as FOCIL are being staged across the next two upgrades rather than crammed into one fork.　　Glamsterdam devnet and ePBS status　　On the execution side, the Foundation reports that ePBS — Ethereums (ETH) external proposer-builder separation architecture — is now running stably on a multi‑client Glamsterdam devnet. The external block builder process has

05-12Ethereum

Are ETH Traders Awaiting Direction as Derivatives Activity Cools Down?

ETH Derivatives activity on the Binance cryptocurrency exchange has cooled down.The cool-down happened amid a sideways, choppy price trend for the flagship altcoin.Analysts say the decline in ETH derivatives activity is a signal for a potential breakout.　　Ethereum, the second-largest cryptocurrency by market capitalization, has maintained a sideways, choppy trend for the past few weeks, with the price retracing downward after every attempted rally.　　This trend pattern caused many traders to wait on the sidelines, without taking a trading position. From all indications, those traders are waiting for a breakout in either direction to decide what to do with the cryptocurrency.　　Source: X　　A Changing Dynamics for Ethereum　　In the meantime, cryptocurrency analysts have identified an event that could attract traders attention toward Ethereum. Data from CryptoQuant show that ETH derivatives activity has cooled down, a development analysts believe could precede a breakout.　　Analyst Darkfost, who posted about the latest development, noted that Ethereums Estimated Leverage Ratio on Binance has sharply declined to 0.57, while the cryptocurrency once again tested the $2,450 resistance level. According to the analyst, lower leverage tends to stabilize the market, especially while ETH is attempting to break out of its range.　　How Has Ethereum Performed Lately？　　Notably, Ethereum‘s latest sideways consolidation started after

05-12Ethereum

Ronin Schedules Upgrade to Become Ethereum Layer 2

Ronin L2 Migration – Scheduled Network Downtime　　As part of the upcoming Ronin L2 migration, the network will experience approximately 10 hours of scheduled downtime.　　During this downtime window, all network transactions [including transfers, swaps, and smart contract…　　— Ronin Shield (@ronin_shield) May 11, 2026　　The team said all games built on the network will experience temporary disruption. It confirmed that Axie Infinity and Pixels will suspend in-game onchain actions during the upgrade. Ronin explained, “To avoid any inconvenience, please complete all necessary transactions before the downtime begins.” The network will resume operations after completing the technical transition.　　Ronin launched four years ago to support Axie Infinitys need for faster transactions. The company said, “Axie Infinity onboarded millions of gamers to crypto.” It added that Pixels later demonstrated repeated onboarding success. The team now aims to reconnect with Ethereum and integrate more closely with its base layer.　　Ronin suffered a $625 million bridge exploit in 2022 while operating as a sidechain. The attack remains the largest DeFi bridge exploit recorded. The new structure will link the network directly to Ethereum as a layer 2. The team said this structure will enhance bridge security and reduce structural risk.　　RON Token Economics and OP Stack Integration　　The migration will introduce

05-12Ethereum

Ethereum Foundation Raises Selloff Risks By Unstaking $50M ETH

The Ethereum Foundation rattled the crypto market by unstaking about $50 million worth of ETH on Monday, May 11. It sparked concerns of a potential selloff owing to the organizations previous transfer trend.　　Ethereum Foundation Unstakes Over $49M In ETH　　On-chain data from Arkham Intelligence shows that the Ethereum Foundation has cashed out 21,271 ETH worth of nearly $49.66 million from its Ethereum staking positions via Lido. The transfers took place in several transactions that each had an estimated value of around $2.3 million.　　As per blockchain records, each batch had approximately 811 wrapped staked ETH (wstETH) from the crypto staking platform. During unstaking, these assets have been deposited into Lidos unstETH contract.　　This transfer shifted the Ethereum Foundation‘s ETH balance from nearly the top of its reported internal cap of 70,000 ETH, to roughly 52,965 ETH. Almost $50 million worth of ETH was also re-liquidated in the organisation’s treasury wallet.　　According to data from Arkham Intelligence, the transfers were not necessarily due to an immediate market sale, but rather related to treasury rebalancing. The activity was seen as being part of normal management to ensure a liquid environment for ecosystem development and grant and operational costs.　　When the queue of withdrawals on Lido is full,

05-12Ethereum

Ethereum Cools Off Below $2,450 – Lower Leverage Sets The Stage For A Breakout

Ethereum is testing resistance as the market heats up and buyers attempt to force a decisive break above the level that has capped the recovery for nearly a month. The price action is building toward a resolution — and top analyst Darkfost has examined the derivatives data behind the current setup in a way that adds structural context to both the consolidation and what it might take to end it.　　Ethereum has been trading between $2,250 and $2,450 for close to a month, a range that formed immediately after a 33% rally from the February lows. That rally was not quiet. Open interest increased by approximately $4.5 billion during the move, confirming a significant resurgence in derivatives participation.　　What Darkfost identifies as particularly revealing is the funding rate picture throughout the same period. Despite the 33% rally, the surge in open interest, and the elevated leverage ratio, funding rates remained mostly negative. The majority of derivatives participants were not riding the recovery. They were betting against it — maintaining bearish positioning even as the price moved significantly higher, accumulating the kind of short exposure that creates structural pressure in the market above the price.　　The Leverage Has Been Cleared. Now the Real Test

05-12Ethereum

AST SpaceMobile (ASTS) Stock Surges 12% Before Q1 Earnings: Analyst Forecasts Inside

AST SpaceMobile, Inc., ASTS　　Despite Mondays strong performance, the stock remains significantly below its 52-week peak of $129.89, indicating substantial ground left to recover.　　Analyst consensus points to a quarterly loss of $0.2125 per share alongside revenue of $37.5 million for the March period. These figures would represent progress from the previous quarters $0.26 loss per share, although revenue is projected to decline from the $54.3 million recorded in Q4.　　Per-share loss estimates have deteriorated by 15.1% during the last two months, reflecting increasing analyst skepticism ahead of the results.　　Launch Failure Raises Questions About Deployment Strategy　　A failed Blue Origin New Glenn rocket mission last month resulted in ASTs BlueBird 7 satellite being placed in an incorrect orbit. The satellite has since reentered the atmosphere and is classified as a complete loss, although the company confirms insurance will cover the incident.　　Initial projections called for deploying 45 to 60 satellites throughout this year. Industry analyst Tim Farrar now forecasts actual deployments between 21 and 42 units, complicated by the FAAs current grounding of the launch vehicle.　　Market observers will pay close attention to any guidance updates regarding adjusted deployment schedules and backup launch provider arrangements.　　Company leadership previously established a 2026 revenue goal ranging from $150 million

05-12Industry

XRP News: Ripples David Schwartz Joins XRP Ledger Foundation As Board Member

Tech　　XRP News: Ripples David Schwartz Joins XRP Ledger Foundation As Board Member　　In XRP news today, David Schwartz joined the XRP Ledger Foundations Honorary Board Members. It offers the group an opportunity to work with one of the most well-known names in the crypto world.　　XRP News: Ripple CTO Emeritus Enters XRP Ledger Foundation　　The foundation announced the appointment via its official X post and cited Schwartz‘s years-long participation in the development of the XRP Ledger. “We’re honored to welcome David Schwartz (@JoelKatz) as an Honorary Board Member of the XRP Ledger Foundation.” the organization said.　　The non-profit organization also spotlighted Schwartz technical expertise. They noted that his previous work with the blockchain network would benefit in providing better oversight and future development efforts.　　“As one of the original architects of the XRP Ledger, David brings deep technical insight and a long-term perspective that will help strengthen the Foundations technical stewardship of the ecosystem,” the statement added.　　In another recent XRP news, Ripple CEO Brad Garlinghouse received an honorary award. He was awarded the the ‘Business Leader of the Year’ title by Harvard Business School.　　However, a word of caution includes that he XRP Ledger Foundation is not affiliated with Ripple. Instead, it works to promote the

05-12Industry

ADA Price Prediction: $0.32 Breakout Target Within 14 Days Despite Technical Resistance

ADAs Technical Reality Check　　Cardano is painting a textbook bullish divergence story that most retail traders are missing. With RSI climbing to 64.46, we‘re seeing genuine momentum building without hitting overbought panic levels yet. The MACD histogram sitting at zero with the main line at 0.0065 tells us we’re at an inflection point where momentum could explode higher.　　The real kicker？ ADA is trading at 96% of its Bollinger Band range, practically kissing the upper band at $0.28. This isn‘t distribution—it’s accumulation under resistance. When assets spend time near upper bands with rising RSI, they typically break higher rather than collapse back to the middle. The stochastic readings of 77.78/%K and 62.22/%D confirm were in strong uptrend territory but not yet at reversal extremes.　　Volume & Price Alignment　　The $44.2 million in 24-hour Binance volume tells a compelling story when matched against the 2.44% daily gain. This isn‘t low-volume pump action—it’s sustained institutional interest driving price discovery above the $0.27 pivot. Blockchain.news analysis of similar volume patterns historically shows ADA needs roughly $50-60 million daily volume to sustain moves above $0.29.　　What‘s particularly bullish is how cleanly ADA is trading above all short-term moving averages. The SMA 7 at $0.27, SMA 20 at $0.26, and

05-12Industry

Corpay adds stablecoin wallets via BVNK deal

Corpay has launched stablecoin wallets for its 800,000 business clients through a new partnership with BVNK.Corpays integration with BVNK lets clients hold, send, receive, and convert stablecoins alongside fiat balances inside its platform.The S&P 500 firm processes over $12 billion in corporate payments and $26 billion in FX volume monthly across 145 currencies.Corpay will also integrate stablecoin rails into its own treasury operations to reduce reliance on pre-funded accounts.　　Corpay (NYSE: CPAY) has announced a partnership with stablecoin infrastructure platform BVNK to provide embedded stablecoin wallets and settlement capabilities to its global client base. Clients can now view stablecoin balances alongside fiat inside Corpays platform and access payment rails that operate beyond traditional banking hours.　　Corpay serves more than 800,000 clients worldwide, processing over $12 billion in corporate payments and $26 billion in foreign exchange volume every month across more than 145 currencies. The new wallet integration brings always-on settlement directly to that network.　　What the BVNK partnership delivers　　Mark Frey, Group President of Corpay Cross-Border Solutions, said the company needed faster liquidity at scale. “Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure. BVNK provides the technology and compliance framework we need to deliver this securely and at scale.”　　Jesse Hemson-Struthers, CEO

05-12Industry

Sui Surges 50% on Institutional Interest and Stablecoin Push

“This positions Sui as low-friction rails for payments and liquidity and also attractive to agentic AI payments. The Nasdaq angle is also notable: it puts SUI in the same public company treasury/equity market access group as BTC, ETH, SOL and others, signaling growing institutional comfort,” McMillin added.　　“Sui is shifting from promising L1 or high-beta play to actual adoption story. The combo of institutional staking, zero-fee ambition and regulated futures access is rare among alts. Watch on-chain metrics post-announcement for confirmation.”　　At the same time, Abiodun said Friday the Sui networks prediction market DeepBook Predict was going live on the testnet. A March report from Bitget Wallet and Polymarket found that prediction markets are among the most active on-chain applications, with $25.7 billion in trading volume that month.　　Rallys success depends on execution, rollout　　SUI has settled at around $1.31 as of Monday. McMillin said that in the short term, the token could extend its rally because supply shocks and product news generally sustain momentum.　　“We are also in an environment where we are seeing green shoots all over the crypto ecosystem and it looks more and more likely the bear market hibernation is over,” he said.　　“Medium-term: more uncertain but constructive. Success depends on execution,

05-12Industry

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