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Ethereum gas limit increased 3.3x for Glamsterdam upgrade, boosting scalability

## Market Snapshot　　Ethereum price predictions for May are currently priced at ？ YES, with 27 days remaining until resolution. The future price prediction market for Ethereum reaching $10,000 by December 31, 2026, is priced at 3.9% YES.　　## Key Takeaways　　– The decision to increase the gas limit by 3.3x suggests optimism about Ethereum‘s scalability improvements. – Markets appear to interpret the gas limit change as supportive of long-term price increases. – The immediate impact on Ethereum’s price on May 4 is considered minimal, as indicated by the low relevance rating.　　## Article Body　　Ethereum‘s core developers have agreed on setting a 200 million gas limit floor for the upcoming Glamsterdam network upgrade, marking a significant 3.3x increase from the current 60 million limit. This decision, reached at the Arctic Soldøgn Interop in Longyearbyen, Svalbard, is aimed at enhancing the network’s transaction capacity and reducing congestion. The alignment among various client teams, including Geth, Nethermind, and others, reflects a strategic move to enable parallel transaction processing. While this development is purely technical and lacks geopolitical implications, it represents a key milestone in Ethereums ongoing scalability efforts.　　## Market Interpretation　　The market response to the Ethereum developers‘ decision appears supportive of a long-term YES outcome for Ethereum’s

05-05

GameStop Proposes $55B eBay Takeover Deal

Tech　　GameStop Proposes $55B eBay Takeover Deal　　GameStop proposed an unsolicited, non-binding $55.5 billion acquisition of eBay in a cash-and-stock deal, as the video game retailer looks to push further beyond its legacy retail business.　　The company on Sunday submitted a non-binding proposal to acquire 100% of eBay at $125 per share in cash and stock, according to an announcement.　　The offer includes a 46% premium to eBays unaffected closing price on Feb. 4, 2026, when GameStop began building its position in the company. GameStop also disclosed it has accumulated a roughly 5% economic stake in eBay through derivatives and common stock holdings.　　The proposal comes as GameStop tries to reposition itself beyond physical video game retail, including through a Bitcoin treasury strategy approved in 2025. But the bid also raises financing and execution questions because eBay‘s market value is several times larger than GameStop’s.　　Potential cost cuts and integration plans　　GameStop outlined potential cost savings of around $2 billion annually if the deal closes. It said those reductions would come from marketing, product development and administrative consolidation.　　The company said eBay spent around $2.4 billion on sales and marketing alone in fiscal 2025, while only adding one million net active buyers.　　“More spend is not producing more users

05-05

Irans Araghchi: Events in Hormuz underscore there’s no military solution to political crisis

Finance　　Iran‘s Araghchi: Events in Hormuz underscore there’s no military solution to political crisis　　Iran‘s Foreign Minister Abbas Araghchi said that the current situation in the Strait of Hormuz makes it “clear that there’s no military solution to a political crisis”.　　“As talks are making progress with Pakistans gracious effort, the U.S. should be wary of being dragged back into a quagmire by ill-wishers. So should the UAE,” Araghchi said in a post on X. “Project Freedom is Project Deadlock,” he added.　　Meanwhile, US President Donald Trump on Monday warned Iran that it will be “blown off the face of the earth” if it targets US ships that are protecting commercial vessels transiting the strait.　　Key quotes from Irans Araghchi　　Events in Hormuz underscore theres no military solution to political crisis.　　With progress in talks aided by Pakistans efforts, US and UAE should be wary of being pulled back into quagmire by ill-wishers.　　Market reaction　　Crude oil prices attract some buyers following the news headline. At the time of writing, the West Texas Intermediate (WTI) is up 2.40% on the day at $101.95.

05-05

Fresh Token Launches Drive Surge in Crypto Search Trends, Mega Takes 1st Spot

The latest seven-day search data shows crypto market interest was suddenly shifted towards newly issued tokens. The rankings illustrate an ever-increasing interest in new projects, with Mega taking the first position after its recent release. The token has an initial traction among traders and investors, as seen in the token recording a market capitalization of $142.20 million.　　The second position was occupied by AI which has a market cap of $52.07 million, and Pros came in third with a market cap of $89.14 million. These statistics indicate that new stories and, more specifically, stories related to artificial intelligence and experimental applications of blockchain remain in the spotlight.　　The fact that the top five have several mid-cap tokens supports the notion that traders are actively seeking out opportunities that are not among the established assets.　　New Launches Dominate the Rankings　　One interesting pattern in the data is that most tokens issues in late April. Among the most searched 20 crypto tokens, 6 belong to this category and they include Mega, Chip, AI, OPG, Pros and Blend. This focus underscores how soon market interest can be drawn towards new entrants, particularly when they enter at a time when speculative interest is high.　　Lab was ranked fourth with

05-05

BitMNR buys $238M in Ethereum amid US-Iran tensions, Tom Lee declares crypto spring

## Market Snapshot　　Bitcoin Price on May 4 market is currently priced at 0.1% YES, consistent over the last 24 hours. Ethereum Future Price Predictions market is priced at 3.9% YES, showing a slight decrease from the previous day.　　## Key Takeaways　　– The large Ethereum purchase by BitMNR suggests increased confidence in cryptocurrencies as hedges against geopolitical instability. – Market pricing indicates limited immediate impact on Bitcoin prices, with the Bitcoin Price on May 4 market holding steady at 0.1% YES. – Ethereum Future Price Predictions market reflects moderate confidence in long-term value growth, with a 3.9% YES pricing.　　## Article Body　　Tom Lee of Fundstrat Global Advisors has declared the onset of a ‘crypto spring’ following BitMNR‘s substantial $238 million purchase of Ethereum. This acquisition occurs amid the ongoing “Epic Fury Operation” between the U.S. and Iran, a conflict that has increased demand for cryptocurrencies as safe-haven assets. BitMNR’s purchase is indicative of institutional confidence in Ethereum, as the company now controls 4.3% of the total ETH supply, much of which is staked for revenue generation. The geopolitical tension has heightened interest in cryptocurrencies like Ethereum, viewed as hedges against instability.　　## Market Interpretation　　The Ethereum Future Price Predictions market shows modest support for the

05-05

ETH Price Prediction: $2,800 Target by Month-End as Bulls Reclaim Control

The Immediate Setup　　Ethereum has punched through critical resistance at $2,372, sitting comfortably above both the 7-day and 20-day moving averages after a decisive surge. The momentum shift is undeniable as buyers step in without hitting overbought territory, while momentum oscillators confirm bullish acceleration. Trading within the upper Bollinger Band indicates strong directional bias, though the MACD histogram warns of potential near-term consolidation before the next leg up.　　Key Levels Exposed　　The technical landscape reveals a clear roadmap higher. Immediate resistance clusters around $2,412, followed by the stronger barrier at $2,451 – both levels that need to break for sustained upside. Support has solidified at $2,320, with the 20-day SMA acting as dynamic support. The fact that ETH is trading above all short-term moving averages while the 50-day SMA provides a solid foundation suggests this isnt just a dead cat bounce. The 200-day SMA at $2,710 remains the ultimate target for confirming the broader trend reversal.　　Sentiment vs Reality　　Market analysts are making bold calls for Ethereum‘s trajectory, with Blockchain.news coverage highlighting institutional positioning and retail sentiment shifts. Multiple sources point to $4,000 by January’s close, citing Ethereums position as the center of the crypto-financial system. However, derivatives data tells a more nuanced story –

05-05

Ethereum News: ETH Price Shines as Glamsterdam Upgrade Goes Live

The Ethereum news reveals that the upgrade has boosted the blockchain‘s overall capacity. It raised the block gas limit from 60 million to 200 million. This effectively triples the network’s ability to process transactions on-chain.　　This development is already having its effects. Transactions like executing smart contracts, whether related to Defi or NFTs, will now be done at cheaper and more stable fees.　　Previously, the network was prone to congestion, which caused huge fee increases for transactions. However, the recent update should make this problem less of an issue.　　Ethereum News- ETH Price; Source: TradingView　　In response to this key Ethereum news, the ETH crypto price saw a notable rise today. Despite recent volatility, the Ethereum USD price is now at $2,358, with a 2.11% hike in a day.　　The token has also seen a 1.81% surge in a week and an impressive 14% surge in a month. This positive sentiment is also reflected in the traders activity as the 24-hour volume has soared by a significant 145% to $17.71 billion.　　What Is the Glamsterdam Upgrade and Why It Matters？　　Notably, Ethereums Glamsterdam upgrade is focusing on preparing the network for its next phase of scaling. The name is a blend of “Amsterdam” and “Gloas.”　　While Amsterdam refers

05-05

Why SOL is struggling even as Solana’s ecosystem keeps growing

Tech　　Why SOL is struggling even as Solanas ecosystem keeps growing　　Solana lagged the broader crypto rally on the 4th of May, even as ecosystem momentum improved. According to CoinMarketCap, SOL rose 1.90% in 24 hours.　　Bitcoin [BTC] gained 2.30%, while Ethereum [ETH] climbed 3.10% over the same period.　　Why is SOL struggling right now？　　At press time, SOL traded near $84.85. The daily chart showed persistent resistance from a descending trendline formed on the 16th of March.　　Price action also remained compressed within a Symmetrical Triangle, with range tightening into a decision zone. That setup kept traders focused on a breakout trigger.　　Source: TradingView　　A move above the trendline could open an 11.7% upside toward $96. However, failure to hold the structure could expose downside risk.　　The Average Directional Index (ADX) dropped to 9.28, confirming weak trend strength.　　Weak trend, strong fundamentals　　Even so, ecosystem data pointed to underlying strength.　　A widely followed analyst reported that Solana [SOL] attracted $381 million in inflows over three months. Around 69% originated from Ethereum, indicating capital rotation.　　That shift aligned with rising activity across the network.　　Data showed Solana leading L1 and L2 chains in both daily and weekly DApp revenue and DEX volume. This left traders weighing strong usage metrics against muted price action.　　On top

05-05

DTCC to Start Tokenized Trading for $114T Custody Base in July

Tech　　DTCC to Start Tokenized Trading for $114T Custody Base in JulyDTCC will begin tokenized securities trades in July before a full October service launch.The service will cover Russell 1000 stocks, major index ETFs, and U.S. Treasury assets.More than 50 firms joined the DTCC group, including Wall Street and crypto-native firms.　　The Depository Trust & Clearing Corporation (DTCC) will start tokenized securities trading in July through limited production trades. A full launch is planned for October, bringing DTCCs blockchain service to a custody base of $114 trillion in assets.　　According to a press release, the service will focus on a defined group of highly liquid assets. These include Russell 1000 constituents, exchange-traded funds that track major indexes, and U.S. Treasury bills, bonds, and notes.　　DTCC Gains Industry Support for Tokenization　　DTCC developed the service with an industry working group of more than 50 financial firms. The group includes companies from both traditional finance and decentralized finance.　　BlackRock, Goldman Sachs, Bank of America, and Citadel Securities are among the Wall Street firms involved. The group also includes Circle, Coinbase, and Kraken.　　The mix of firms shows support from both legacy market players and crypto-native platforms. Circle issues the USDC stablecoin, while Coinbase and Kraken operate crypto exchanges.　　DTCC President

05-05

Pi Network News Today: What Dr Fan and Kokkalis Will Say at Consensus Miami

The post Pi Network News Today: What Dr Fan and Kokkalis Will Say at Consensus Miami appeared first on Coinpedia Fintech News　　Pi Network‘s two co-founders will speak at Consensus Miami 2026 this week, presenting at one of the crypto industry’s most attended annual conferences at a moment when the networks technical roadmap is moving at its most active pace.　　Dr. Chengdiao Fan takes the stage Wednesday May 6 on the Convergence Stage with a session titled “Aligning Web3, AI and Blockchain for Utility.” Nicolas Kokkalis follows Thursday May 7 on a panel titled “How to Prove Youre Human in an AI World Without Doxing Yourself.”　　Both sessions arrive four days before Protocol 23, Pis smart contract upgrade, is scheduled to activate on May 11.　　Fans Session: Tokens and Sustainable Models　　Fans presentation is expected to address how crypto projects build lasting utility rather than short-term speculation. Her core argument centres on how artificial intelligence is changing the competitive dynamics of building digital products, shifting advantage toward projects with verified users and authentic participation rather than speed of development alone.　　Pi Network has 16.5 million migrated users and more than 17.7 million KYC-verified accounts across more than 200 countries. Fan is expected to present that user

05-05

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