Bitcoin bull index rises to 80 Ethereum developers activate Pectra upgrade

Bitcoin

CryptoQuant: Bitcoin bull index rises to 80, market sentiment reverses

CryptoQuant said on social platforms that Bitcoin sentiment has reversed. Spot demand rose, and Bitcoin's bull index jumped from 20 to 80. A score of over 60 means bullish sentiment and supports price increases.

US Vice President Vance will deliver a speech at Bitcoin 2025 conference

According to a statement from Bitcoin Magazine, US Vice President Vance will give a speech at the Bitcoin 2025 conference.

Bitcoin market value surpasses Amazon to rise to fifth place in global assets

According to 8Marketcap data, Bitcoin's current market value is US$2.045 trillion, surpassing Amazon to rise fifth in the global asset ranking.

El Salvador Bitcoin Office: El Salvador buys more Bitcoins

El Salvador Bitcoin Office: El Salvador buys more Bitcoins.

View: Global trade tensions ease, pushing Bitcoin to exceed $100,000

Trade tensions are expected to ease after Trump announced a trade deal with Britain, pushing Bitcoin to break through the $100,000 mark for the first time since February. On Thursday, the largest digital asset rose 3.4%, most other major tokens also rose, and Ethereum rose 12%. On January 20, the day Trump took office, the price of Bitcoin rose to a record level of around $109,000. Trump said all details of the deal will remain in talks in the coming weeks. But under the agreement, the UK will speed up the passage of customs procedures for U.S. goods and reduce barriers to agricultural, chemical, energy and industrial exports. This is the first deal since Trump imposed high tariffs on dozens of U.S. trading partners.

Ethereum

Ethereum developers activate Pectra upgrade, including 11 changes

The Ethereum mainnet successfully activated the Pectra upgrade at 6:05 ET, which is the most important network update after the 2022 merger (The Merge). This hard fork contains 11 EIP improvement proposals, focusing on three major directions: improving staking efficiency, optimizing user experience, and enhancing Layer2 scalability. The successful deployment of testnet Hoodi in March laid the foundation for this upgrade. Pectra lays the foundation for the Fusaka upgrade, which will introduce key technologies such as Verkle Trees and PeerDAS. The most eye-catching thing in this upgrade is the EIP-7702 account abstract solution, which allows ordinary wallets to temporarily execute smart contract functions. In the future, users can realize innovative experiences such as third-party payment of Gas fees, batch packaging transactions, and even recover lost private keys through social contacts. In terms of pledge mechanism, the upper limit of ETH pledge of a single verification node has been greatly increased from 32 to 2,048, and institutional pledgeers can reduce the complexity of operation and maintenance through node merging. For Layer2 expansion, the Blob data capacity of each block doubled to 6 (9 peaks).

Ethereum ICO participants continue to sell ETH and still hold 8,300 ETH

According to Lookonchain monitoring, an Ethereum ICO participant continued to sell its ETH. The whale received 76,000 ETH at the time of creation for $23,560 and deposited the remaining 1,900 ETH (about $4.44 million) to the Kraken Exchange three hours ago. Since the end of its long dormant state on April 17, the investor has sold 21,700 ETH (about $38.9 million) at an average price of $1,792 and still holds 8,300 ETH (about $15.28 million).

ConsenSys says Ethereum’s new staking cap will not hinder decentralization, paving the way for institutional participation

Mallesh Pai, research director at ConsenSys, said that the Ethereum Pectra upgrade "does not constitute a threat to decentralization" and that the upgrade only cleans up "a lot of complicated work done by the network behind the scenes." He stressed that "rewards continue to be proportional to the amount of ETH pledged", that is, "large validators will not gain more advantages as a result." This upgrade raises the staking cap of a single validator from 32 ETH to 2048 ETH, raising concerns about decentralization. Pai notes that many technical validators are “not really independent” and that the keys can be integrated after the upgrade, “we have seen this happen” and “ideally, the number of validators will drop to about 30,000.” The new cap "makes easier to integrate institutional pledges and lower risks," said P2P.org's vice president of institutional business.

BlackRock updates Ethereum ETF application, including "physical redemption" and quantum computing risk disclosure

Analyst James Seyffart said BlackRock has just submitted a revised S-1 file for its Ethereum spot ETF - $ETHA, with the main change being the new statement of "allowing physical creation/redemption after obtaining SEC approval." He and his peer Eric Balchunas both expect the SEC to approve the mechanism at some point this year. In addition, he pointed out that this is the first physical redemption mechanism proposed in the Ethereum ETF application, and the final approval deadline is about October 11, 2025. He also mentioned that BlackRock's Bitcoin ETF $IBIT also submitted revised documents, which included similar physical redemption language as early as February, adding a new description of "quantum computing risk" this time as part of the standard risk disclosure. "These are just basic risk disclosures. They will list any potential issues...it's completely standardized and completely reasonable."

Vitalik: Ethereum Rollup security should be implemented in three stages, gradually moving towards detrust

Vitalik issued a statement to divide Ethereum Rollup security into three stages: Phase 0: The security committee can completely reject the proof system and have concentrated control. Phase 1: 6/8 members are required to intervene, with external member thresholds and limited intervention. Phase 2: Intervene only when a verifiable error occurs and cannot be arbitrarily determined. He suggested that as trust in the proof system increases, the transition from stage 0 to stage 2 should be gradually transitioned from stage 0. Stage 0 The safety is minimal and long-term stays should be avoided. Rollup should be started at least from Phase 1, while focusing on the audit and maturity construction of the proof system.

Other projects

Stripe launches stablecoin account service in more than 100 countries around the world

Stripe announced on May 7 that will allow platform customers to “send, receive and hold dollar stablecoin account balances, similar to how traditional fiat bank accounts operate.” The account supports Circle's USDC and Bridge's USDB, which was acquired by Stripe in October 2024. The service will cover more than 100 countries including Argentina, Chile, Türkiye, Colombia and Peru.

Robinhood plans to launch a blockchain-based platform that supports European users to trade U.S. stocks

Robinhood is planning to launch a blockchain-based platform that enables European users to trade U.S. securities, according to Bloomberg, citing anonymous sources. The plan “may be launched through a partnership with a digital asset company”, while “Layer 2 blockchain Arbitrum is being considered as a potential partner for this collaboration.” Robinhood has provided cryptocurrency trading services in Europe since 2023, but has not yet opened up U.S. stock trading.

Binance will launch Alpha points consumption mechanism

According to the official announcement, from May 13, 2025, Binance will launch an Alpha Points Consumption Mechanism. According to this mechanism, if a user successfully participates in the Token Generation Activity (TGE) or receives an airdrop, the system will deduct a certain number of Alpha points.

Adidas launches NFT blind box for Xociety game based on Sui Chain

Adidas creates an NFT skin for the upcoming third-person crypto-shooting RPG game Xociety, supporting Sui public chains. 2,600 Adidas mysterious blind box NFTs can open in-game skins, including black sweatshirts, neon sportswear and other styles with the Adidas logo printed on it. Each blind box contains clothing sets of different rarity, divided into four levels: Uncommon, Rare, Epic and First, and will be cast at Tradeport at 9 a.m. Eastern Time on May 16.

Tether CEO: Tether.ai is about to launch and plans to support USDT and Bitcoin payments

Tether CEO Paolo Ardoino posted on the X platform that Tether.ai is about to be launched, and Personal Infinite Intelligence will be a fully open source AI Runtime product that can adapt to and develop any hardware and device - no API keys, no centralized points of failure, fully modular and combinable, and integrate WDK to support USDF and Bitcoin payments. Tether AI technology will create a peer-to-peer network composed of billions of AI agents.