Crypto Industry News & Market Trends

Crypto Market Hits $2.7T Amid Positive Performance Across Leading Assets

The worldwide crypto market has witnessed a notable growth over the past 24 hours. Hence, the total crypto market capitalization has hit the $2.7T mark, reflecting a 0.33% rise. In addition to this, the 24-hour crypto volume has jumped by 68.22%, reaching $98.01B. At the same time, the Crypto Fear & Greed Index accounts for 50 points, showing “Neutral” sentiment among the market participants.　　Bitcoin Rises by 0.53%, While Ethereum Sees 1.0% Dip　　The top cryptocurrency, Bitcoin ($BTC), is now changing hands at $81,209.33. This price level indicates a 0.53% increase while the market dominance of Bitcoin ($BTC) is 60.0%. On the other hand, the flagship altcoin, Ethereum ($ETH), has dropped by 1.00%, touching the current price level of $2,311.08. In the meantime, Ethereums ($ETH) market dominance stands at 10.4%.　　$BPX, $BEER, and $TSLA Dominate Crypto Gainers of Day　　Apart from that, the top crypto gainers of the day include Black Phoenix ($BPX), Beers ($BEER), and Tesla ($TSLA). Specifically, $BPX has gone through a staggering 3356.67% increase, hitting the $0.1310 mark in price. Following that, $BEER is now hovering around $21.06, expressing a 609.78% rise. Subsequently, a 451.66% surge has placed $TSLAs price at $68.07.　　DeFi TVL Drops by 0.94% Whereas NFT Sales Volume Surges

05-12Industry

Ethereum Eyes 200M Gas Limit as Aave Pushes $71M Vote and Bitmine Targets 5% Supply

The Ethereum Foundation has cleared several technical milestones for the upcoming Glamsterdam upgrade, including a credible post-upgrade target of a 200 million gas limit floor — more than triple the current ceiling near 60 million. Developers also finalized EIP-8037, which raises the cost of state-creation operations to keep state growth manageable as larger blocks roll out. Enshrined Proposer-Builder Separation (ePBS) was stabilized, embedding builder-validator separation into protocol rules with less reliance on external relays. Originally pencilled in for June, Glamsterdam now looks set for the third quarter of 2026, with devnets already live on the public Ethereum blockchain.　　The Foundation simultaneously confirmed a leadership reshuffle inside its Protocol cluster, naming Will Corcoran, Kev Wedderburn, and Fredrik as the new triumvirate guiding core development. Long-serving researchers Barnabé Monnot and Tim Beiko are stepping away, while Alex Stokes will take a sabbatical, marking one of the most significant personnel changes inside the organization in years. The reshuffle arrives alongside continued scoping of Hegotà, the upgrade slated to follow Glamsterdam, and ongoing work on the Strawmap quantum-resistant roadmap. Analysts view the transition as a deliberate generational handover designed to keep Ethereums research pipeline funded and on schedule through the next two major hard forks.　　A

05-12Industry

Ethereum Co-Founder Joseph Lubin Names His Top Two Suspects for Satoshi Nakamoto

The post Ethereum Co-Founder Joseph Lubin Names His Top Two Suspects for Satoshi Nakamoto appeared first on Coinpedia Fintech News　　Ethereum co-founder Joseph Lubin has reignited debate around the identity of Satoshi Nakamoto after saying cryptographer Len Sassaman and early Bitcoin pioneer Hal Finney remain the strongest candidates behind Bitcoins creation.　　During a recent interview, Lubin discussed Bitcoin‘s future, the growing risks from quantum computing, and what could eventually happen to Satoshi’s untouched Bitcoin wallets.　　“Its definitely not Adam,” Lubin said while dismissing theories surrounding Adam Back. “But Len Sassaman and Hal have been, in my opinion, the leading candidates for a very long time.”　　Dormant Bitcoin Fuels Satoshi Speculation　　The Finney and Sassaman theories have continued gaining traction largely because of the enormous amount of early Bitcoin that has never moved.　　Finney was famously the first person to receive Bitcoin directly from Satoshi in 2009 and accumulated significant early BTC holdings before passing away in 2014. Sassaman, who died in 2011, is widely respected in cryptography circles, with some researchers believing he may have helped write or structure the original Bitcoin whitepaper.　　Supporters of the theory argue that the untouched “Satoshi coins” linked to Bitcoins earliest wallets may effectively be removed from circulation entirely.　　Macro investor Fred

05-12Ethereum

Ether weakness against bitcoin deepens as ETH/BTC ratio hits 10-month low

One widely watched indicator for assessing whether the crypto market is in a bullish or bearish phase is the ether-to-bitcoin (ETH/BTC) ratio.　　On Tuesday, the ratio fell to 0.02835, its lowest level in 10 months and the weakest reading since July 2025. The decline comes as ether dropped more than 2% on Tuesday, compared with bitcoins decline of just over 1%. The ETH/BTC ratio is now down more than 35% from its August high of 0.04324.　　The ETH/BTC ratio measures ether‘s relative performance against bitcoin across crypto exchanges and is considered a key gauge of market risk appetite. A rising ratio typically signals that investors are rotating capital into ether and other higher risk crypto assets, reflecting stronger risk sentiment. Conversely, a falling ratio suggests investors are favoring bitcoin’s relative stability and defensive characteristics.　　The pair peaked above 0.08 in December 2021 before entering a prolonged multi year downtrend. Much of the weakness through 2024 and into 2025 was driven by bitcoins outperformance following the launch and success of U.S. spot bitcoin ETFs in January 2024, which attracted significant institutional inflows.　　The ratio eventually bottomed at 0.01770 in April 2025 during the market turmoil surrounding President Trumps “Liberation Day” tariff announcements. It then rebounded

05-12Ethereum

Singapore Gulf Bank Standard Chartered deal boosts cross-border settlement

Singapore Gulf Bank Standard Chartered is more than a new banking tie-up. It signals that traditional financial rails and crypto-linked payment infrastructure are moving closer together, especially across the Middle East and Asia.　　Singapore Gulf Bank has entered a strategic banking partnership with Standard Chartered to strengthen cross-border settlement and multi-currency payment services. The move centers on digital asset markets, where companies often want faster transfers, broader currency access, and fewer bottlenecks than older correspondent banking chains can create.　　That combination is why the deal stands out. Singapore Gulf Bank has been building stablecoin and digital asset services, while Standard Chartered brings a global banking network and clearing support. Put together, the partnership is aimed at making regulated digital asset payment corridors work more like real-time financial infrastructure than a patchwork of disconnected systems.　　Singapore Gulf Bank Standard Chartered partnership deepens banking ties　　The new Singapore Gulf Bank Standard Chartered partnership links the two institutions in a push to expand cross-border settlement capabilities and improve multi-currency payments.　　At the center of the arrangement is correspondent banking. Standard Chartered will provide correspondent banking and clearing support through its global network, giving Singapore Gulf Bank broader access to payment routing across international markets.　　The stated focus is on

05-12Industry

VVV jumps 16% as Upbit listing boosts Venice Token – More gains ahead IF…

Bitcoin Ethereum News　　Venice AI push with Seedance 2.0 expands market reachUpbit lists the VVV token for trading　　How far can VVV go amid this bullish wave？　　Venice Token has experienced strong upside momentum driven by rising demand in both the AI and privacy sectors. The latest listing on Upbit further boosted this market demand.　　For that reason, the altcoins Relative Strength Index (RSI) climbed to 81, reaching overbought levels. RSI at these levels suggests that the momentum is largely driven by strong bullish pressure.　　Source: TradingView　　At the same time, the Bulls v Breas ratio has jumped from 0.38 to 93, further confirming the strengthening bullish pressure.　　Under such market conditions, assets have tended to make more gains. If the upside momentum holds, VVV will finally flip $20 and eye $22.　　However, profit takers remain extremely active in the market. With every jump, sellers have rushed to cash out, causing the recent volatility.　　On the 12th of May, profit-taking skyrocketed to record levels. Spot Netflow rose to a new all-time high of $4.3 million according to Coinglass data.　　Source: CoinGlass　　Traditionally, heightened profit-taking has weakened upside momentum, leading to market pullbacks. Thus, if sellers maintain the current rate, VVV is likely to breach the $14 support level again.

05-12Industry

CleanSpark sinks pre-market as Q2 loss more than doubles

CleanSpark reported a net loss of $378.3 million for its fiscal second quarter ended March 31, 2026. The loss more than doubled from $138.8 million in the same quarter last year.CleanSpark posted a $378.3 million fiscal Q2 loss as Bitcoin fair value losses weighed heavily.Revenue fell to $136.4 million, down from $181.7 million in the same quarter last year.The miner is expanding AI and HPC assets while still growing hashrate and Bitcoin holdings.　　Revenue fell 24.9% year over year to $136.4 million, compared with $181.7 million a year earlier. The company also reported a loss of $1.52 per basic share, wider than the $0.49 per-share loss in the prior-year quarter.　　CleanSpark said the quarter included a $224.1 million loss tied to the fair value of its Bitcoin holdings. That represented nearly 60% of its total quarterly loss and followed weaker Bitcoin prices during the reporting period.　　The company still grew its Bitcoin position. CleanSpark said its BTC holdings rose 14% year over year, while average monthly hashrate increased 18%. It ended the quarter with $925.2 million in Bitcoin and $260.3 million in cash.　　CleanSpark shares fall pre-market　　CleanSpark shares closed at $14.30 on May 11, up 0.70% for the regular session. The stock then fell

05-12Industry

AST SpaceMobile (ASTS) Stock Plunges 11% as Q1 Revenue Misses Expectations by Over 60%

AST SpaceMobile, Inc., ASTS　　The satellite communications company disclosed a quarterly loss of 66 cents per share alongside revenue totaling $14.7 million. This performance fell notably short of Wall Streets consensus forecast, which anticipated a loss of merely 23 cents per share on sales of $39 million. For comparison, the same period last year saw AST record a loss of 20 cents per share with revenue of only $718,000.　　The first-quarter shortfall is substantial. Sales figures reached barely 38% of analyst projections.　　Yet the company chose not to revise its forward-looking projections. AST SpaceMobile reaffirmed its full-year 2026 revenue target ranging from $150 million to $200 million. Current Wall Street estimates center around $177 million for the full year.　　This unchanged guidance provided some reassurance to shareholders following an underwhelming quarterly performance.　　Context matters here: ASTS had climbed 10% during Mondays regular session leading up to the earnings announcement, and had surged 220% throughout the preceding twelve months. Investor enthusiasm was clearly elevated.　　Expanding Satellite Infrastructure　　AST is constructing a satellite-based cellular network designed to enable ordinary smartphones to communicate directly with orbiting satellites — eliminating the need for specialized equipment.　　The company has demonstrated peak download speeds of 98.9 megabits per second utilizing its operational Block 1

05-12Industry

Huma Finance exploit Polygon: $101,000 loss from V1 pools

A Huma Finance exploit Polygon incident has put a familiar DeFi problem back in the spotlight: old contracts can stay dangerous long after a protocol has moved on. Huma Finance said roughly $101,000 was drained from its deprecated V1 BaseCreditPool contracts on Polygon on May 11, but user deposits were not affected.　　The attacker pulled out 82,316 USDC and 19,075 USDC.e through unauthorized drawdowns, according to the protocols disclosure. Just as important for users, Huma said the losses were limited to pool owner fees and protocol fees, not customer funds.　　That distinction matters. In crypto, the words “exploit” and “drained” can quickly trigger fears of wider contagion. Here, Huma drew a sharp line between the older Polygon-based system that was hit and the parts of the project still running normally, including PayFi Strategy Token (PST) and Humas V2 deployment on Solana.　　Huma Finance discloses a $101,000 exploit on Polygon　　The Huma Finance exploit Polygon users are now parsing traces back to deprecated infrastructure rather than the protocols current core operations. Huma said the affected contracts were the older V1 BaseCreditPool contracts on Polygon, which were already supposed to be out of commission.　　The total amount drained was approximately $101,000. Broken down, that included 82,316 USDC

05-12Industry

Universal Digital Introduces Real-Time Proof Of Reserves To USDU Stablecoin With Brevis-ZK, Bringing User Trust To DeFi

In a groundbreaking move to enhance transparency and build greater trust for DeFi users, Abu Dhabi–based Universal Digital Intl Limited today entered into strategic partnerships with decentralized oracle networks, including Brevis-ZK and Primus Labs, to integrate real-time verification of its USDU stablecoin reserves, aiming to monitor the health of the stable assets across DeFi markets.　　In January this year, Universal Digital Intl Limited launched USDU, the first stablecoin issued in the Middle East region, and consequently got registered by the Central Bank of the United Arab Emirates as a foreign payment token. Announcement revealed today by Unitas Labs, a DeFi protocol that offers unitized stablecoins for different emerging markets, disclosed that Universal Digital has taken a further step as it is now building a new standard for real-time financial verification of the stablecoin USDU.　　Universal Digital Partners With Brevis-ZK, Primus Labs, And Unitas Labs　　Every time new capital moves on-chain, trust breaks when the funds are not verifiable. This explains the reason Universal Digital announced its partnership with decentralized oracle networks, including Brevis-ZK and Primus Labs, to power real-time proof of reserves for the USDU stablecoin. As part of the collaboration, USDU today went live with Brevis-ZK‘s and Primus Labs’ proof of reserve

05-12Industry

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