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Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit

Finance　　Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit　　The USD/CHF pair trades on a flat note around 0.7805 during the early European trading hours on Wednesday. Traders await the key US inflation data and continue to assess the developments surrounding US-China talks later this week.　　The South China Morning Post reported on Wednesday that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will hold trade and economic talks in South Korea ahead of US President Donald Trumps official visit to China.　　The Trump-Chinese President Xi Jinping summit will take place in Beijing on Thursday and Friday. Earlier on Tuesday, Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping, and downplayed the amount of attention they would devote to the Iran war.　　The US Producer Price Index (PPI) report will take center stage later on Wednesday. Markets expect the headline US PPI to show a rise of 4.9% YoY in April, compared to 4.0% in March, while the core PPI is projected to show an increase of 4.3% YoY in April versus 3.8% prior. Any signs of hotter inflation in the US could fuel bets on Federal Reserve (Fed) interest rate

05-13

Ethereum Foundation and Major Wallets Launch “Clear Signing” Standard to End Blind Transaction Approvals

The last few years have shown that the biggest vulnerability in crypto wallets today is blind signing. This is the practice of approving raw hex strings without knowing what they actually do. However, on Tuesday, the Ethereum Foundation officially announced that this standard is going to be phased out and replaced with clear signing alongside some of the leading wallets and hardware infrastructure that actually run Ethereum for most users. This includes names like Ledger, Trezor, MetaMask, WalletConnect, Fireblocks and Cyfrin. In practice, this means users will be able to see a plain, human readable summary of what a signature authorizes.　　0/ Clear signing is now live.　　An open standard to end blind signing, making human-readable transactions default.　　This effort brings a major UX and Security upgrade to transaction signing on Ethereum. pic.twitter.com/nIGRCBQh6G　　— Ethereum Foundation (@ethereumfndn) May 12, 2026　　The reason this is happening is simple and it comes down to the recent high profile hacks that have taken place over the past two years. The $1.5 billion Bybit hack, which remains the largest hack in crypto till date, happened in part because signers approved a transaction they could not actually read. Similarly, in July 2024, the WazirX hack that saw around $235 million

05-13

A Storage Layer Designed to Survive Its Own Provider, Now Live

Xandeum today launched Oxorro, a storage platform built so that the data stored on it remains accessible even if Oxorro itself disappears.　　The premise is unusual. Most storage products are designed around the assumption that the provider will still be there when the customer needs the data. Oxorro is designed around the assumption that the provider might not be, and that the customer should not have to care.　　In May 2024, Google Cloud accidentally deleted UniSupers private cloud subscription, cutting off access for more than 620,000 pension fund members. Recovery depended on backups that happened to exist elsewhere. Most organizations do not have that kind of fallback. Oxorro is built so they do not need one.　　“Every storage vendor in the world will tell you their service is reliable, and most of them are right, most of the time,” said Bernie Blume, founder and CEO of Xandeum. “We are not in that business. We are in the business of making sure that when something does go wrong, whether it is a vendor failure, a policy change, or a jurisdiction shift, the data is still there, still accessible, and still under the customers control. We call it Unstoppable Operational Data, and we built Oxorro

05-13

Silver Price Forecast: XAG/USD holds onto gains around $87, ignoring hawkish Fed bets

XAG/USD trades firmly at around $87 as of writing. On the daily chart, the pair extends its advance well above the 20-day Exponential Moving Average (EMA) at $78.68, suggesting a firm bullish near-term bias as price holds comfortably over dynamic support.　　The Relative Strength Index (14) hovers near 66, indicating strong but not yet extreme upside momentum that reinforces the broader constructive tone while leaving room for further gains.　　On the downside, initial support is seen at the 20-day EMA around $78.68, followed by the May 1 high around $77. As long as XAG/USD remains above the EMA floor and momentum readings stay elevated, the technical setup favors dips being bought. Looking up, the Silver price could gain further towards $90 if it manages to break above its intraday high of $87.82; a close above that would open room for further advancement towards the March high of $96.62.

05-13

Senate crypto bill receives over 100 amendments before CLARITY markup

More than 100 amendments have been attached to the Senate‘s crypto market structure bill ahead of Thursday’s Banking Committee markup.Senate lawmakers filed more than 100 amendments to the CLARITY Act ahead of Thursdays markup vote.Democratic senators proposed tighter stablecoin yield restrictions and new ethics rules tied to crypto holdings by public officials.Developer protections and plans to restore the Justice Departments crypto enforcement unit were also added to the amendment list.　　POLITICO reported that most of the proposed changes came from Democratic senators, while Republicans submitted a narrower set of revisions tied to sections already debated during months of closed-door negotiations. Committee members are expected to review and vote on the amendments during Thursdays hearing before deciding whether to move the legislation to the Senate floor.　　Released Monday, the Senate Banking Committee‘s updated CLARITY Act draft revived talks that had stalled earlier this year after Coinbase publicly stepped away from negotiations. The company had objected to earlier restrictions tied to stablecoin reward programs, prompting lawmakers and industry groups to reopen discussions around the bill’s language.　　One of the newest amendments targets the stablecoin yield compromise included in the revised draft. Senators Jack Reed and Tina Smith are seeking tougher wording that would prohibit interest-like

05-13

GitHub Copilot Plans Overhauled: New Max Tier Launches

Starting June 1, 2026, GitHub will introduce significant changes to its Copilot individual plans, transitioning to usage-based billing and adding a new high-tier option called the Max plan. These updates aim to address user concerns about included usage limits amid increasing demand for advanced AI features.　　The revamped Copilot offerings will include four tiers: Free, Pro, Pro+, and the newly unveiled Max. While the Free plan remains limited to basic code completions and fewer monthly credits, the paid tiers are getting expanded usage through “flex allotments.” This variable component supplements fixed base credits, allowing users to handle more demanding workloads.　　Pricing and Benefits　　Heres how the paid plans stack up as of June 1:PlanMonthly PriceBase CreditsFlex AllotmentTotal UsagePro$10$10$5$15Pro+$39$39$31$70Max$100$100$100$200　　The new Max plan targets developers handling sustained, high-volume AI workloads. With $200 in combined monthly usage credits, it effectively doubles the capacity of Pro+.　　How It Works　　Base credits are used first, with flex allotments automatically kicking in as needed. Credits apply uniformly across all environments, including GitHub.com, IDEs, and the CLI. For users who exhaust their included usage, additional credits can be purchased to keep projects moving. Notably, code completions and next-edit suggestions remain unlimited on paid plans and do not consume credits.　　Why Flex Matters　　The flex

05-13

OpenAI unveils Daybreak to advance AI-driven cyber defense

Tech　　OpenAI unveils Daybreak to advance AI-driven cyber defense　　OpenAI has unveiled Daybreak, a cyber defense framework focused on building software that is secure by default through the integration of AI-powered security across the entire development lifecycle.　　The system uses AI to help security teams reason across large codebases, uncover subtle flaws, test fixes, and shorten the time between identifying and resolving vulnerabilities. With Daybreak, OpenAI aims to make software continuously more secure by integrating defense into standard development workflows.　　Daybreak combines OpenAI models with Codex-driven agentic tooling and external security partners to support capabilities such as secure code review, threat modeling, dependency analysis, and remediation guidance. These tools are intended to strengthen the entire software security lifecycle.　　Given the dual-use nature of advanced AI, OpenAI says Daybreak includes safeguards around verification, proportional controls, and accountability, and will be deployed iteratively with input from industry and government partners.

05-13

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

05-13

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

05-13

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

05-13

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