News linked to both this project and an event.
According to The Block, JPMorgan stated that although the crypto market as a whole rebounded following the Iran conflict, ETH and other altcoins continue to underperform BTC—a trend that began in 2023 and is unlikely to reverse in the near term unless on-chain activity, DeFi, and real-world applications show clear improvement. JPMorgan noted that spot ETF fund flows and CME futures positioning both indicate institutions are rebuilding risk exposure to BTC more strongly than to ETH. The bank also pointed out that Ethereum’s upgrades over the past several years have not meaningfully boosted on-chain activity; instead, by lowering Layer 2 costs, they have weakened mainnet fee revenue and the burn mechanism.
According to an official announcement, KelpDAO has resumed rsETH withdrawal functionality, and cross-chain bridging and claiming have also been enabled simultaneously as part of the coordinated restart plan. KelpDAO stated that the exchange rate will be updated and Eigen rewards will be made available for claiming at approximately 22:30 Beijing Time today, May 15, to reflect the full staking rewards accrued by rsETH holders during the pause period. Thereafter, deposits will resume after a brief stabilization window. Over the next two weeks, Aave and Kelp will gradually transfer the remaining rsETH in batches to fully replenish the vault. KelpDAO confirmed that rsETH remains fully backed on Ethereum Mainnet and across all L2 networks.
Canaan Inc. has released its Bitcoin mining business update for April 2026. As of April 30, 2026, Canaan's balance sheet cryptocurrency holdings reached an all-time high of 1,826 Bitcoin and 3,952 Ethereum.During April, Canaan's proprietary mining operations produced 90 Bitcoin, with an additional 3 Bitcoin coming from customer payments, while its joint venture operations produced approximately 48 Bitcoin. As of the end of the month, the installed hashrate for non-joint venture operations reached 10.97 EH/s, a year-over-year increase of 34.6%, with an operational hashrate of 6.86 EH/s, up 10.6% year-over-year; the joint venture business had an installed hashrate of 4.82 EH/s and an operational hashrate of 4.35 EH/s. Additionally, on April 28, Canaan received a subsequent order from Tether to provide customized high-density mining hash board modules.
According to PRNewswire, Canaan Inc., a Nasdaq-listed Bitcoin mining company, released an update on its Bitcoin mining operations, disclosing that it mined 90 Bitcoins through its in-house mining operations in April, received an additional 3 Bitcoins from customers as payment, and generated approximately 48 Bitcoins through its joint-venture mining operations that month. As of the end of April, its cryptocurrency holdings reached a record high of 1,826 Bitcoins and 3,952 Ether.
Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
Bitget Wallet has announced the launch of its API management platform, now available free of charge to developers and institutional clients worldwide. The platform provides a full-stack API service encompassing same-chain swaps, cross-chain transactions, and real-time market data.Developers and institutional clients can now register for an account and apply for an API Key directly through the platform, gaining free access to Bitget Wallet's on-chain trading infrastructure without the need to build complex backend systems from scratch. Additionally, building upon its previous support for 7 public chains including Ethereum, Solana, BNB Chain, Base, and Morph, this launch adds support for HyperEVM and Hypercore. It also introduces cross-chain APIs, chain query and broadcast interfaces, and the NoGas feature, reducing transaction friction for end users. The market data API currently covers 33 public chains and over 200 mainstream tokenized stocks, and incorporates an AI risk detection module capable of identifying anomalous tokens, unusual transaction behaviors, and unstable trading routes.Built on Bitget Wallet's proprietary DEX aggregation engine, the API processes an average daily aggregated trading volume of over $20 million and carries approximately 80% of the wallet's core transaction volume. Currently, the API is deeply integrated with leading aggregators and solvers including 0x Protocol, LI.FI, CoW Swap, deBridge, Velora, and XO Swap. The launch of this management platform will further lower the barrier for developer integration, enabling more products to build everyday financial services on top of Bitget Wallet's on-chain trading infrastructure.
Aave announced that the first batch of rsETH has been transferred to LayerZero’s OFT adapter, and cross-chain transfers of rsETH between the Ethereum mainnet and various L2 networks have now resumed. This development means that the rsETH cross-chain channels previously affected have been restored, covering operations across the Ethereum mainnet and L2 networks.
TAC stated that its cross-chain layer on the TON side was exploited by external attackers, resulting in approximately $2.8 million in losses involving USDT, BLUM, and tsTON. TAC confirmed that the TAC token, TON, and all ERC-20 tokens bridged from Ethereum remain unaffected. The bridge has been temporarily suspended, and the team is conducting forensic analysis and implementing fixes. Additionally, the team plans to legally structure a sale of the foundation’s TAC token treasury reserves to restore bridge liquidity and compensate affected users. A post-mortem report and further details will be released within the next 48 hours.
According to The Block, Fidelity International’s first tokenized fund—the Fidelity USD Digital Liquidity Fund (FILQ)—has received the highest possible rating of AAA-mf from Moody’s Ratings. The fund launched on May 6 and operates using the same low-volatility net asset value (NAV) money market investment strategy as its existing counterpart, which manages nearly $7 billion in assets. FILQ leverages Sygnum’s tokenization infrastructure and Chainlink’s daily official NAV data sourced from JPMorgan, enabling investors to subscribe to and redeem shares 24/7 using stablecoins. The fund’s tokens are issued on Ethereum as ERC-20 tokens.
U.S. financial services giant Charles Schwab has begun a phased rollout of its "Schwab Crypto" service to eligible retail clients in the United States, allowing users to directly trade Bitcoin and Ethereum.According to official information, users can view and manage their crypto assets directly through their existing Schwab accounts. Custody is handled by Charles Schwab Premier Bank, with Paxos providing the underlying custody and trade execution services.The platform charges a trading fee of 0.75% of the transaction amount and currently does not support deposits or withdrawals from external wallets. Additionally, the service is not yet available to residents of New York State or Louisiana.Charles Schwab currently manages approximately $12 trillion in client assets, and its clients already hold about 20% of the asset share in U.S. spot crypto ETFs. (FinanceFeeds)
Coinbase has released its Ethereum validator performance report for the first quarter of 2026. Data shows that its validators have staked a total of 4.5 million ETH, accounting for 12.17% of the total ETH staked across the Ethereum network. Coinbase stated it is committed to not exceeding a 30% validator penetration rate on the Ethereum network.The report indicates that Coinbase validators are deployed across five regions: Germany, Hong Kong (China), Ireland, Japan, and Singapore. In Q1 2026, the average online rate reached 99.98%, higher than the network-wide average of 99.77%.Additionally, Coinbase stated that its validators have not experienced any slashing or double-signing events since launch. It currently utilizes two consensus layer clients, Lighthouse and Prysm, along with three execution layer clients: Geth, Nethermind, and Reth.
according to the official announcement, Gate Smart Leverage has now officially added support for XAUT, XAG, and CL, further expanding trading scenarios for popular assets such as gold, silver, and crude oil, helping users capture trend opportunities more flexibly amid market fluctuations.As an innovative structured derivative pioneered by Gate, Smart Leverage supports leverage of up to 200x and waives the forced liquidation mechanism during the holding period. It is not affected by short-term extreme market conditions or "wicks," making it more suitable for users employing trend trading and swing strategies. Additionally, the product caps risk exposure. The maximum potential loss for a user is limited to the principal of a single subscription, with no risk of liquidation or additional debt. Currently, Gate Smart Leverage supports various popular assets, including BTC, ETH, XRP, SOL, HYPE, SUI, XAUT, XAG, CL, and others.
Charles Schwab has initiated spot cryptocurrency trading for its U.S. retail clients, rolling out BTC and ETH trading channels in phases through infrastructure supported by Paxos, with a trading fee rate of 0.75%. (Solid Intel)
Bitget has launched a new CandyBomb campaign with a total prize pool of 55,000 BILL tokens. New users can earn up to 550 BILL tokens per person by completing tasks such as net deposits and futures trading. Detailed rules are available on the official Bitget platform. Eligible users must click the “Join Now” button to register before participating. The campaign runs from May 13, 18:00 to May 20, 18:00 (UTC+8).
According to CoinPost, Japanese blockchain infrastructure company Nihon Blockchain Kiban has officially decided to issue the trust-based JPY-pegged stablecoin EJPY. The stablecoin is planned to be deployed on Japan Open Chain (JOC) and Ethereum, with the goal of launching issuance and circulation on JOC within fiscal year 2026. The announcement states that the trust-based architecture required for EJPY has achieved phased progress. The company noted that EJPY will primarily serve inter-corporate settlements, digital asset payments, fund transfers, and various Web3 payment use cases, and that it will advance a multi-chain strategy centered on JOC. Specific details—including the actual launch date, issuance terms, partner institutions, and supported blockchains—will be announced separately after consultations with regulatory authorities and relevant organizations and completion of necessary procedures.
Charles Schwab is rolling out Schwab Crypto™ accounts to retail clients in phases. Starting today, the first group of clients can trade Bitcoin and Ethereum on the Charles Schwab platform and manage them alongside their other investment products.
The Ethereum Foundation announced that Clear Signing has officially launched, aiming to eliminate “blind signing” by defaulting Ethereum transaction signatures to human-readable formats—thereby enhancing both user experience and security. Spearheaded by the Ethereum Working Group, the initiative includes: ERC-7730 for generating human-readable transaction descriptions; a neutral, mirrorable descriptor registry; ERC-8176, a proof framework enabling auditors to verify descriptor integrity; and open development tools for wallets, protocols, and auditors. Participants include Ledger, Trezor, MetaMask, and WalletConnect.
Coinbase announced the expansion of its on-chain crypto-backed lending product, adding Solana as a supported collateral asset. Users can now borrow up to $100,000 in liquidity based on their SOL holdings. The service operates on the Morpho lending infrastructure deployed on the Base network, consistent with the structure of previously supported loans backed by Bitcoin, Ethereum, and other crypto assets.Ben Shen, Head of Financial Services at Coinbase, stated that introducing SOL as a collateral asset will enhance capital efficiency and the liquidity experience for users within the Solana ecosystem, while strengthening its "Everything Exchange" strategy—covering more crypto financial scenarios through a single platform. (The Block)
Odaily Investment bank TD Cowen reiterated its "Buy" rating on Sharplink following its Q1 earnings report, maintaining a $16 price target, implying approximately 106% upside from the current share price of $7.76.Sharplink's Q1 revenue exceeded $12 million. The company also announced the establishment of an approximately $125 million income fund in partnership with Galaxy Digital, with Sharplink contributing roughly $100 million. The fund will focus on DeFi and liquidity yield opportunities, targeting returns higher than base staking yields.The analyst team believes the current share price is in a "favorable entry window," driven primarily by a persistent NAV discount and expanding Ethereum demand. Sharplink currently holds approximately 873,000 ETH (about $2 billion), translating to a net asset value (NAV) of roughly $9.68 per share, while the stock still trades at about a 20% discount to NAV. TD Cowen noted that the Galaxy partnership strengthens Sharplink's yield strategy, allowing it to maintain ETH exposure while improving capital efficiency through institutional-grade DeFi opportunities. (The Block)
According to official announcements, Brevis—a ZK-powered intelligent verifiable computation platform—has launched Pico Prism 2.0, now live on Ethereum’s mainnet under the current 60-million-Gas block limit. Benchmarking results show that, under Ethereum’s current 60-million-Gas block limit, Pico Prism 2.0 achieves an average proof time of 6.1 seconds per block, with 99.9% of blocks completing final proofs within 12 seconds. The entire system runs on just two machines equipped with a total of 16 RTX 5090 GPUs, at an aggregate hardware cost of approximately $100,000. Compared to Pico Prism 1.0, Pico Prism 2.0 delivers roughly a 5.3× improvement in per-block proof efficiency—even while using only one-quarter of the hardware configuration—further fulfilling the Ethereum Foundation’s two primary objectives for real-time proving: “average proof latency under 10 seconds” and “on-premises hardware cost under $100,000.” Previously, Brevis was selected for the Ethereum Foundation’s “On-Prem Proving Initiative,” a program launched in May 2026 to test whether ZK proofs can scale as decentralized infrastructure without reliance on a handful of cloud service providers—the most L1 zkEVM-integration-ready rehearsal to date. Moving forward, Brevis will continue focusing on robustness.