News linked to both this project and an event.
JPMorgan Chase has filed an application to launch a tokenized money market fund, JLTXX, on the Ethereum blockchain. Officially named the JPMorgan OnChain Liquidity-Token Money Market Fund, this fund will invest exclusively in US Treasuries and overnight repurchase agreements fully collateralized by US Treasuries or cash. It is designed to meet the eligible reserve asset requirements for stablecoin issuers under the GENIUS Act.Last year, JPMorgan launched its first tokenized money market fund, MONY, on Ethereum.
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
Odaily Planet Daily reported that Starknet, the Ethereum Layer 2 network developed by StarkWare, has officially launched strkBTC. This is a new Bitcoin-based asset designed to achieve private balances and anonymous transfers through zero-knowledge proof (ZK) technology while maintaining composability with DeFi applications. After its launch, strkBTC supports "re-anonymization," allowing assets to be bridged back to entirely new, unlinked Bitcoin addresses, and also provides compliance audit and asset screening features. (The Block)
According to The Block, the Ethereum Foundation is restructuring its Protocol team, appointing Will Corcoran, Kev Wedderburn, and Fredrik as the new co-leads of the Protocol cluster. This reorganization comes as Barnabé Monnot and Tim Beiko plan to depart the organization, and Alex Stokes begins a sabbatical. The Protocol team is the Ethereum Foundation’s core team responsible for the design, research, development, and coordination of Ethereum’s base layer, covering areas such as security, cryptography, zkEVM, and peer-to-peer networking. The team is currently advancing Ethereum’s next major scalability upgrade, Glamsterdam, which aims to raise the gas limit ceiling and floor to 200 million and introduce ePBS. Subsequently, the team will shift its R&D focus toward the Hegotá upgrade and the FOCIL prototype to enhance Ethereum’s censorship resistance.
: Marc, the head of cryptocurrency donations at St. Jude Children's Research Hospital, stated that the hospital received a donation equivalent to 0.5% of the total supply of ASTEROID tokens approximately two years ago. However, due to the lack of compliant exchange channels at the time, the assets remained in the on-chain wallet.He noted that as ASTEROID's market cap rose from roughly $20,000 to over $150 million, the hospital's holdings were once valued between $500,000 and $1 million. To avoid impacting the community's liquidity, the hospital ultimately sold the holdings in 12 batches over two days, continuously monitoring liquidity throughout the process.Marc stated that the proceeds totaled over 290 ETH, worth approximately $676,000, and the funds will be used to support the treatment and research of childhood diseases at St. Jude Children's Research Hospital.
the Bank of New York Mellon (BNY) has announced the launch of a compliant institutional-grade digital asset custody service in the Abu Dhabi Global Market (ADGM), aiming to position Abu Dhabi as a global digital finance hub. The service is designed to provide institutional clients with highly secure and scalable digital asset custody solutions. Initially, the service will support the custody of Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWAs), and more regulated digital financial products. The project remains subject to final agreement confirmation and relevant regulatory approvals. (Crowdfundinsider)
Vitalik Buterin published a research article on May 10, proposing to replace traditional on-chain transfer solutions with zero-knowledge proof (ZK) transactions, pushing crypto payments from "pseudonymity" toward "privacy by default." This solution allows users to complete payment verification without disclosing their full balance and transaction history.Vitalik specifically mentioned that in the era of AI agents, autonomous AI agents need to pay for services such as LLM APIs without leaving traceable footprints. He stated that through recursive SNARKs and a ZK API credit mechanism, Ethereum Layer 2 can achieve private payments at speeds and costs close to those of transparent transactions.Additionally, the proposal includes selective disclosure and "proof of innocence" mechanisms, allowing users to provide compliance proof to regulators or tax authorities without revealing on-chain privacy data, thereby meeting anti-money laundering requirements. Vitalik believes that the transparent and public nature of blockchain is a major obstacle to the widespread adoption of crypto payments.
Wasabi Protocol released a security incident update, stating that the attacker exploited a Spring Boot Actuator configuration vulnerability in its AWS infrastructure to steal private keys controlling EVM smart contracts, and subsequently drained approximately $4.8 million in user funds and $900,000 from the protocol’s treasury—totaling roughly $5.7 million in losses. The attack chain originated from a public-facing analysis server whose Actuator heap dump was not properly password-protected, enabling the attacker to obtain credentials for another server and ultimately gain control of the smart contract private keys. This incident affected only EVM deployments—including certain treasuries on Ethereum, Base, Blast, and Berachain—while Solana deployments and the Prop AMM remained unaffected. No final user compensation plan has been announced yet; however, “ensuring all affected users are compensated” remains the team’s top priority. Updates on the investigation will be shared with the community via Discord.
CoinMarketCap’s April 2026 Exchange Monthly Report shows that the total trading volume across the 12 tracked cryptocurrency exchanges amounted to $4.50 trillion, with Binance holding a 36.23% market share. Overall derivatives trading volume was 5.38 times that of spot trading, and the combined proof-of-reserves across eight exchanges totaled $220.07 billion. The report also notes that Coinbase surpassed Binance in BTC spot order book depth within ±2%, becoming the exchange with the deepest liquidity; for ETH spot liquidity, Binance remains the leader. On the regulatory front, Binance is advancing its MiCA authorization application in Greece, while Gemini completed its withdrawal from the UK, EEA, and Australian markets on April 6.
According to The Block, BNY announced the expansion of its crypto custody business into the Abu Dhabi Global Market (ADGM) in the UAE through partnerships with Finstreet and the ADI Foundation, offering institutional clients crypto-asset custody services. Initially, the service will support custody for BTC and ETH. The three parties will subsequently explore extending these services to the ADI Foundation’s underlying blockchain infrastructure and gradually expand to stablecoins, tokenized real-world assets, and other regulated digital instruments.
According to CoinDesk, BNY Mellon—the world’s largest custodian bank, with $59 trillion in assets under custody—has announced a partnership with Finstreet and the ADI Foundation to launch digital asset custody services in the UAE, operating under the regulatory framework of the Abu Dhabi Global Market (ADGM). Initially, the service will focus on custody for Bitcoin (BTC) and Ethereum (ETH), with plans to later expand to stablecoins and tokenized assets.
according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.
SoFi Technologies has announced the expansion of its stablecoin, SoFiUSD, to the Solana network, attracted by its low costs, high throughput, and rapid settlement capabilities.Launched in 2025 as a fully reserved US dollar-pegged stablecoin, SoFiUSD was initially deployed on Ethereum, designed to provide banks, fintech companies, and enterprises with near real-time settlement infrastructure available 24/7.As the regulatory framework gradually becomes clearer, banks and financial institutions are accelerating their entry into the stablecoin赛道, competing with major issuers such as Tether and Circle.
Odaily Odaily PaperImperium, the head of MegaETH, disclosed on X platform that documents from the U.S. District Court for the Southern District of New York show that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million in ETH assets that were previously frozen during the KelpDAO hacking incident. In response, on-chain detective ZachXBT posted on X platform, stating that certain U.S. law firms are using his investigative work and on-chain forensics to help victims of some hacking incidents file legal claims. However, this practice may actually slow down or hinder victims from receiving compensation or recovering funds.ZachXBT added that in previous hacking incidents involving the Lazarus Group, such law firms often stepped in after on-chain fund tracking or freezing was completed, proposing subsequent legal actions that were weakly related to the crypto incidents themselves. Similar "free-riding claims" strategies were used in events like Harmony and Bybit. He called on the crypto community to establish a DAO to resist such practices.
: MegaETH lead PaperImperium disclosed on X platform a court document from the U.S. District Court for the Southern District of New York, showing that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million worth of ETH assets that were previously frozen in the KelpDAO hacking incident. The plaintiffs are attempting to use these funds to enforce outstanding judgment compensation in cases related to North Korea's involvement in terrorism, kidnapping, and other matters spanning several years. They have also filed a motion to serve legal notice to the Arbitrum DAO via alternative means, treating it as an accountable "partnership." The court document further notes that the Arbitrum DAO has a Security Council governed by ARB holders, which has the authority to take action in emergencies. As a result, relevant members who refuse to comply may face legal consequences such as contempt of court. Market observers believe that this case could set an important precedent for the U.S. judicial system to directly constrain DAO governance structures, further highlighting the compliance pressure faced by DeFi protocols under real-world legal frameworks.
: Yunfeng Financial has announced the completion of a strategic investment in cross-border payment service provider WooshPay, with the specific amount undisclosed. WooshPay is a financial infrastructure platform regulated by the UK Financial Conduct Authority and the Hong Kong Customs and Excise Department. Yunfeng Financial stated that this investment aims to expand the digital payment market and integrate its digital asset infrastructure platform AlphaToken, advancing "AI+Web3" asset tokenization and compliant settlement-related businesses. According to further disclosure, Yunfeng Financial has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, supporting users in trading digital assets such as Bitcoin and Ethereum on its platform.
the Ethereum Protocol Support Team has announced the launch of Ethereum Protocol Fellowship Cohort 7 (EPF7). The application channel is now open, with a deadline of May 13th.This program is designed to cultivate engineers capable of participating in Ethereum core protocol development, focusing on the network's core attributes including censorship resistance, open-source nature, privacy, and security. Key areas of focus include client implementations, protocol specifications, testing, and cutting-edge research.EPF7 will adopt a "small-scale, high-density" model, reducing participant numbers to enhance the depth of mentorship and the quality of project contributions, while strengthening collaboration opportunities with the core development team. The project runs from June to November. Selected participants will receive mentorship support from the Ethereum core developer community. Some participants will also receive monthly grants to focus on protocol development work. The program goals include nurturing long-term contributors for the Ethereum core research and development team, and driving participants towards producing substantive results in client development and protocol research.It is reported that the EPF team will host an online information session on May 6th at 15:00 UTC to further introduce project details and answer application-related questions.
Bitcoin remained near $76,000 on Thursday. After the Federal Reserve held interest rates steady, market attention quickly shifted to internal policy divergence and macroeconomic uncertainty. Analysts noted that Bitcoin remains suppressed below the key resistance range of $78,000 to $79,000, lacking short-term breakout momentum.Thomas Perfumo, Chief Economist at Kraken, stated that the market is currently more focused on policy uncertainty stemming from internal "divisions" within the Federal Reserve rather than the inaction itself. This is particularly true against the backdrop of Chairman Jerome Powell's continued tenure and the potential expectation of Kevin Warsh succeeding him, creating a lack of clear policy transition.Glassnode data shows that Bitcoin remains "trapped" below the True Market Mean, with resistance concentrated in the $78,000 to $79,000 range and support lying between $65,000 and $70,000. While selling pressure has eased, demand remains insufficient to support a sustained upward breakout.On the macro front, the Fed has shown rare, severe internal disagreements, interpreted by the market as rising uncertainty over the inflation path. Analysts from institutions like Bitget Wallet and 21Shares point out that the expectation of "higher rates for longer" is suppressing risk asset performance, pushing the crypto market into a wait-and-see phase.Regarding capital flows, U.S. Bitcoin spot ETFs have recorded net outflows for three consecutive days, with a single-day outflow of approximately $138 million on April 29. Ethereum ETFs saw outflows of about $87.7 million over the same period. Although individual products still saw inflows, the overall trend indicates cooling institutional demand.Meanwhile, CME open interest and ETF assets under management have stabilized but have yet to show strong signals of capital return. In the derivatives market, short positions in perpetual contracts have reached an all-time high, suggesting a potential squeeze if sentiment improves. However, the current market remains dominated by a low-volatility, low-confidence consolidation structure.Overall, Bitcoin is caught in a tug-of-war between an improving support structure and weak demand. Sustained ETF outflows, policy uncertainty, and macroeconomic risks collectively suppress its ability to break through the key resistance range. (The Block)
AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, announced the expansion of its Euro-denominated stablecoin EURAU, which complies with the EU's MiCA regulatory framework, to the Solana blockchain network. This move aims to enhance the efficiency of on-chain Euro transfers and support compliant financial applications.EURAU was first launched on Ethereum in July last year, backed by 100% reserves and issued under the EU's e-money regulatory framework. By integrating with Solana, AllUnity seeks to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete on-chain Euro transfers within seconds.This mechanism can be widely applied in areas such as cross-border payments, transaction settlement, lending, and corporate treasury management. For instance, payment companies can execute real-time payments to overseas contractors without waiting days for traditional bank transfers to settle. (CoinDesk)
According to the Ethereum Foundation’s official website, its Ecosystem Support Program (ESP) allocated a total of $9.856 million in Q1 2026, with funding concentrated on core infrastructure areas including cryptography, zero-knowledge proofs, security audits, and protocol research. Key funded projects this quarter include: - In the ZK domain: formal verification of zkVMs, GPU-accelerated R1CS witness generation, and intermediate representation optimization for LLZK; - In security: cryptanalysis of Poseidon, cross-platform canonical signing libraries for ERC-7730, and specification-compliance testing for ePBS; - In node and client development: Erigon zkEVM extensions, Besu HSM compliance integration, and the multi-node validator Vero; - Additionally, privacy tools (Kohaku SDK, Tor bridge extensions), continued operations of the Layer 2 transparency platform L2BEAT, and R&D for the Lighthouse client’s transition to the Fusaka fork. On ecosystem development, ESP simultaneously supported Ethereum developer events in Seoul, Hong Kong, Vancouver, and Buenos Aires, advanced updates to the Ethereum climate impact assessment, and backed policy research initiatives by the European Decentralization Institute (EDI).