Crypto Industry News & Market Trends

Ethereum wants to end blind signing with new security feature

The Ethereum community has launched Clear Signing, an open standard that aims to replace unreadable transaction prompts with human-readable details before users approve onchain actions. Ethereum Clear Signing turns unreadable transaction data into plain summaries before users approve wallet actions.Ledger, Trezor, MetaMask, WalletConnect and Fireblocks are early supporters of the new ERC-7730 security standard.The rollout follows Bybits hack, where attackers abused signing screens to approve a malicious transfer.　　The Ethereum Foundation said a working group of wallet developers, security firms and its Trillion Dollar Security Initiative released the standard on May 12. The change targets self-custody users and institutions that need readable approval records.　　The effort targets blind signing, a weak point where users approve calldata or partial transaction data they cannot understand. The Foundation said approvals are often the last defense when users control assets onchain, but “When it is done blindly, that defense does not hold.” It wants “What You See Is What You Sign” to become the default for Ethereum users.　　ERC-7730 brings clearer transaction details　　Clear Signing uses ERC-7730, a shared JSON description format, a public registry, and independent reviews. The setup lets wallets show what a transaction intends to do without changing existing smart contracts or how transactions settle

05-13Industry

XRP traders eye $1.5 as Ripple-linked token tops bitcoin (BTC) volumes in Korea

XRP is back at the top of South Korean trading screens.　　The token‘s won pair was the most traded market on Upbit over the past 24 hours, with about $110.9 million in volume, ahead of bitcoin’s $88.6 million and ethers $67 million, CoinGecko data shows. On Bithumb, XRP/KRW recorded about $41 million in volume, ranking second behind USDT/KRW and above both BTC/KRW and ETH/KRW.　　That matters because Korea has long been one of XRPs most active speculative markets. Bitcoin and ether usually dominate global exchange activity, but Korean traders have repeatedly pushed XRP into the top volume slot during periods of heightened interest, often before volatility expands.　　Price-action has been muted, however. XRP traded near $1.44 to $1.45 across the two exchanges, up roughly 3% on the week. That beats bitcoin over the same period, but trails stronger gains in BNB and Solanas SOL, both of which have risen around 8%.　　The setup is less about a finished breakout and more about pressure building under a level the market has not been able to clear.　　Data from CoinDesk analytics shows XRP is still battling the $1.49 to $1.50 zone, an area that has repeatedly rejected upside attempts since February. The token has continued to compress

05-13Industry

Arbitrum DAO clears path to transfer $71M in frozen ETH to Aave

Ethereum　　Arbitrum DAO clears path to transfer $71M in frozen ETH to Aave　　A federal court just gave Arbitrum DAO permission to do something that, until last week, would have put its token holders in legal jeopardy: vote on what to do with $71 million worth of ETH that nobody has been allowed to touch since early May.　　Judge Margaret Garnett of the US District Court for the Southern District of New York issued an order on May 8 modifying a restraining notice that had frozen 30,765 ETH tied to the Arbitrum DAO. The modification doesnt unfreeze the funds outright. It simply allows the DAO to hold an on-chain governance vote on whether to transfer those assets to Aave LLC, the legal entity behind the DeFi lending protocol, as part of a broader recovery effort following a massive exploit.　　The exploit, the freeze, and the legal tangle　　On April 18, an exploit involving the rsETH token drained funds in a hack linked to North Korea‘s Lazarus Group. Within two weeks, on May 1, the law firm Gerstein ROLP slapped a restraining notice on the 30,765 ETH sitting in the DAO’s treasury. The notice was tied to $877M in creditor claims.　　Aave LLC had been working on

05-13Industry

From Passive Exposure to Active Infrastructure: The Growing Role of Bitcoin Treasuries in Yield Generation

The post From Passive Exposure to Active Infrastructure: The Growing Role of Bitcoin Treasuries in Yield Generation appeared first on Coinpedia Fintech News　　Nearly 200 public companies now hold crypto on their balance sheets, but most of them follow the same script, i.e., buy Bitcoin, disclose it in a filing, and let the price swings do all the hard work.　　And while that model has historically produced impressive paper gains during bull runs, it has also exposed a structural gap: whenever things go sideways, or when shareholders start asking harder questions about return on capital, passive holding does not have a clean answer.　　BTCS S.A., listed on the Warsaw Stock Exchanges NewConnect market, operates on an entirely different premise where, instead of treating digital assets as a static treasury reserve, the company has built what it terms an Active Digital Asset Treasury Company (DATCO) structure.　　This operational model is designed to generate recurring yield from its holdings without liquidating them, all while maintaining full regulatory transparency as a publicly listed entity. Thanks to this financial proposition, the company recently closed a Series F round (as well as launched a fresh $100M offering).　　Running the Infrastructure, Not Just Owning the Assets　　The practical expression of BTCS S.A.s

05-13Industry

Galaxy SharpLink fund targets $125M DeFi yield

Galaxy Digital and SharpLink have launched the Galaxy SharpLink Onchain Yield Fund with $125 million to deploy into DeFi protocols.SharpLink will commit $100 million from its staked ETH treasury to the fund, with Galaxy Digital contributing $25 million and managing investments.Capital will be deployed across DeFi liquidity protocols and onchain yield strategies while maintaining SharpLinks core Ethereum exposure.SharpLink holds 872,984 ETH in treasury and has generated 18,800 ETH in staking rewards since launching its Ethereum strategy in June 2025.　　Galaxy Digital and SharpLink announced a non-binding agreement on May 11 to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million limited partnership structured to put part of SharpLinks staked Ethereum treasury to work across DeFi strategies. Galaxy will serve as investment manager.　　SharpLink will contribute $100 million from its staked ETH position, with Galaxy adding $25 million of its own capital. Mike Novogratz, founder and CEO of Galaxy, said the infrastructure for institutional DeFi participation “has matured to a point where allocators can access yield, liquidity, and risk management with the same rigor they expect in traditional markets.”　　What the fund will do　　The fund will deploy capital across DeFi liquidity protocols and other onchain yield-generating strategies. The structure is designed to keep

05-13Industry

Ethereum Introduces ERC-7730 Standard to Combat Blind Signing Threats

Ethereum　　Ethereum Introduces ERC-7730 Standard to Combat Blind Signing ThreatsEthereum Foundation introduces ERC-7730 standard for transparent wallet transaction approvalsNew protocol addresses dangerous blind signing practices that enable crypto theftClear Signing registry provides human-readable transaction information to wallet usersInitiative responds to major security breaches involving unclear transaction approvalsERC-7730 establishes unified framework for secure transaction confirmation processes　　The Ethereum Foundation has unveiled ERC-7730, an innovative open standard designed to eliminate blind signing vulnerabilities in cryptocurrency transactions. This initiative, supported by the Foundations Trillion Dollar Security Initiative, directly addresses security weaknesses that have enabled significant crypto theft incidents, including the devastating Bybit breach.　　Understanding the ERC-7730 Clear Transaction Framework　　The ERC-7730 protocol addresses a critical vulnerability in how cryptocurrency wallets handle transaction approvals. Currently, countless users authorize transactions without comprehending the underlying actions theyre confirming. This confusion creates opportunities for malicious actors to exploit unclear approval processes and drain user funds.　　ERC-7730 establishes a standardized framework for presenting transaction information in plain language. Rather than displaying cryptic technical code, wallets can now show understandable descriptions of each transactions purpose and consequences. This transparency enables users to make informed decisions before permanently committing transactions to the blockchain.　　The protocol integrates seamlessly with existing Ethereum infrastructure without demanding extensive smart contract

05-13Ethereum

Ethereum Targets 200M Gas Limit Ahead of Glamsterdam Upgrade

The Ethereum Foundation has reached a significant milestone ahead of its upcoming Glamsterdam upgrade, hitting a 200 million gas limit floor. This marks a major leap from the current limit of roughly 60 million, signaling a substantial improvement in network capacity and transaction processing speeds.　　Initially slated for June 2026, the Glamsterdam upgrade is now expected to roll out in Q3. According to the Ethereum Foundation, the update will “fundamentally update how Ethereum creates and verifies blocks” by overhauling transaction processing and database management on the layer-1 chain. Glamsterdam devnets are already live, paving the way for testing and refinement.　　Technical Developments: ePBS and EIP-8037　　Among the technical advancements is the stabilization of enshrined Proposer-Builder Separation (ePBS). Unlike its predecessor, ePBS integrates block-building separation directly into Ethereum‘s protocol, minimizing reliance on external relays. This enhancement bolsters the network’s ability to handle larger blocks while maintaining security and decentralization.　　Another finalized proposal, EIP-8037, introduces smarter pricing mechanisms for data storage. By increasing costs for state creation operations, the proposal mitigates excessive state growth, a key concern as block gas limits expand. These improvements streamline Ethereums infrastructure, preparing it for higher throughput and sustained scalability.　　Leadership Changes in Ethereum Foundation　　The Ethereum Foundation is also undergoing a leadership

05-13Ethereum

Garrett Jin Ethereum whale moves $1.35B to Binance

Ethereum whale Garrett Jin moved 577,896 ETH worth $1.35 billion to Binance over four days, per Lookonchain.Garrett Jin transferred his entire 577,896 ETH position to Binance over four days, accumulating an estimated $1.3 billion in unrealized losses.Jin originally swapped Bitcoin for ETH eight months ago at around $4,591, well above the current trading price of approximately $2,300.Total Ethereum exchange reserves climbed from 14.36 million to 14.95 million ETH since May 5, per CryptoQuant data, adding supply pressure.　　An Ethereum whale identified as Garrett Jin deposited all 577,896 ETH worth roughly $1.35 billion into Binance over four consecutive days, raising concerns about potential selling pressure. Lookonchain flagged the transfers on May 10 and 11.　　Jin originally converted Bitcoin to Ethereum eight months ago when ETH was trading at approximately $4,591. With ETH now holding near $2,300, Lookonchain noted he is sitting on roughly $1.3 billion in unrealized losses. His position represents one of the largest single-wallet inflows to a centralised exchange in Ethereums recent trading history.　　Why this move is triggering concern　　A transfer to an exchange does not guarantee an immediate sale. Whales sometimes move funds for collateral posting, liquidity management, or OTC desk activity. The scale and the fact that Jin moved his

05-13Ethereum

GameStop’s $56B Bid for eBay Rejected Over Funding Fears

eBay rejected GameStops $56B bid, citing weak financing certainty and rising execution risks.Investors questioned GameStops debt-heavy takeover plan as both stocks faced market pressure.Analysts doubted synergies between GameStop and eBay, fueling skepticism over the merger plan.　　eBay rejected GameStop‘s $56 billion takeover proposal on Tuesday, calling the unsolicited offer “neither credible nor attractive.” The move sets up a setback for GameStop’s attempt to acquire the online marketplace, as investors reassess the feasibility of the deal across U.S. equity markets. GameStop proposed a $125 per share cash-and-stock offer, but eBay turned it down after reviewing financing and execution risks.　　As per reports, the rejection followed concerns over funding structure, leverage, and operational integration. GameStop CEO Ryan Cohen proposed a mix of cash, stock, and debt financing backed by TD Securities. However, eBay said uncertainty around the financing reduced confidence in the offer. As a result, both stocks traded under pressure as investors widened the gap between the offer price and market valuations.　　Financing Gaps and Credit Concerns Shape Rejection　　eBay chairman Paul Pressler said the board rejected the proposal after an independent review. He stated, “We have concluded that your proposal is neither credible nor attractive.” The company also raised concerns over execution risk and

05-13Industry

US FTC sends compliance letters to Amazon, Alphabet, Apple over new intimate image removal law

The Federal Trade Commission just put the largest tech companies in America on notice. Chairman Andrew N. Ferguson sent compliance letters to Amazon, Alphabet, and Apple, among others, reminding them of their legal obligations under the Take It Down Act, a new federal law that criminalizes the distribution of nonconsensual intimate images online.　　The law, which took effect on May 19, 2025, requires platforms to remove such content within 48 hours of receiving a valid takedown request. Violations carry penalties of up to $43,792 per offense.　　What the Take It Down Act actually requires　　The core mechanism is straightforward. A victim submits a removal request. The platform has 48 hours to take the content down. Failure to comply triggers per-violation fines that could stack up quickly for repeat offenders or platforms that drag their feet.　　The FTCs letters went beyond just Amazon, Alphabet, and Apple. Meta and Microsoft were also among the recipients, making this a sweep across virtually every major consumer technology platform in the US.　　The FTCs broader crackdown on Big Tech behavior　　The compliance letters about TIDA werent the only recent warnings the FTC has fired off at these companies. Separately, the commission has cautioned the same firms against weakening US consumer data

05-13Industry

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