Ukraine considers strategic BTC reserves Ethereum launches trillion-dollar security plan

Bitcoin

Ukraine considers building strategic Bitcoin reserves

The Ukrainian government is preparing relevant legislation to establish national strategic Bitcoin reserves. It is reported that Ukraine currently holds about 46,351 BTC worth about 4.8 billion US dollars. These Bitcoins are mainly derived from donations, asset seizures and fundraising activities during the war. Ukrainian MP Yaroslav Zhelezniak said the bill has entered the final drafting stage and is expected to be submitted to parliament for consideration soon. The bill aims to formally incorporate Bitcoin into the national fiscal strategy. Earlier, the Ukrainian parliament had passed a virtual asset bill, but was withdrawn under pressure from the presidential office and the National Securities Commission. At present, the National Securities Commission has proposed 80 amendments to improve the legal framework for crypto assets. Ukraine's move marks an increasing emphasis on cryptocurrencies in its national financial strategy.

US spot Bitcoin ETF net outflows this week $478.7 million

According to TraderT monitoring, US spot Bitcoin ETFs had a net outflow of US$478.7 million this week.

American fast food chain Steak 'n Shake now supports Bitcoin payments

According to Steak 'n Shake's official X account, its stores now support Bitcoin payment, with the caption "Revolution is underway" and signed "Steaktoshi", paying tribute to Satoshi, symbolizing that traditional fast food brands embrace the wave of digital currency. Last week, all stores of the American fast food chain Steak'n Shake accept Bitcoin payments from May 16.

Luxury watch maker Top Win collaborates with Sora Ventures to implement Bitcoin reserve strategy

Luxury watch maker Top Win officially renamed AsiaStrategy and announced a partnership with Sora Ventures to implement a Bitcoin reserve strategy. Sora Ventures founder Jason Fang will join AsiaStrategy's board of directors and serve as co-CEO. The move marks another public company's joining Bitcoin reserve trend, similar to Strategy's (formerly MicroStrategy) business model. AsiaStrategy said it will continue its luxury watch manufacturing business while developing its Bitcoin accumulation strategy in parallel.

Blockchain company Coinsilium raises £1.25 million to build Bitcoin reserves

British blockchain company Coinsilium Group announced that it would raise £1.25 million and plans to build a Bitcoin reserve vault.

Nasdaq listed company Heritage will accept Bitcoin and Dogecoin as payment methods

Whiskey maker Heritage Distilling (NASDAQ: CASK) announced that it will implement a crypto financial strategy to accept Bitcoin and Dogecoin as payment methods and hold it as a strategic asset, led by the board’s technology and cryptocurrency committee and chaired by Matt Swann.

Ethereum

Ethereum Foundation announces launch of "trillion dollar security plan"

The Ethereum Foundation announced the launch of the "Trillion Dollar Security Initiative" on May 14, 2025, aiming to comprehensively improve the security performance of the Ethereum ecosystem and achieve the level that supports global economic infrastructure. The plan will conduct a comprehensive assessment of the security status of the Ethereum technology stack at all levels, implement key improvements, and strengthen security communication. The project is led by Fredrik Svantes and Josh Stark and supported by three experts in the field of blockchain security. The Ethereum Foundation also calls on community members to provide feedback through designated channels to jointly participate in this security upgrade plan.

1confirmation founder: optimistic about the long-term value of L2 to Ethereum

1confirmation founder Nick Tomaino posted a message on social media to emphasize the positive impact of L2 solutions on Ethereum (ETH), pointing out that the application chain provides developers with autonomy while also bringing value to Ethereum. He said L2 has multiple benefits: distributing ETH, expanding the network effect of EVM developers, burning ETH through activities, and saying that "most people still believe that L2 succeeds in a false narrative that is not good for ETH."

Ethereum Fusaka upgrade plans to introduce PeerDAS to reduce L2 and validator costs

Following the successful deployment of Pectra upgrades, Ethereum core developers have turned their attention to the next major upgrade "Fusaka", which is scheduled to be launched by the end of 2025. Proposals involving PeerDAS have been determined to be included to reduce the operating costs of Layer 2 scaling solutions and validators. PeerDAS (Peer-to-Peer Data Availability Sampling) is a data availability sampling mechanism that allows nodes to verify their availability without downloading complete data, thereby improving network efficiency and reducing resource consumption. This mechanism is expected to further optimize Ethereum's expansion capabilities and enhance the scalability and decentralization of the network. It is reported that the specific content of Fusaka upgrade is still under discussion, but the developers have reached an agreement on the introduction of PeerDAS.

Xiao Feng: The Ethereum Foundation should not stay away from the Chinese market, and it is recommended to set up an office in Hong Kong

According to the ThreeDAO official account of Wanwu Island, Xiao Feng, founder of Wanxiang Blockchain, suggested that the Ethereum Foundation set up an office in Hong Kong during a private exchange with Vitalik. Xiao Feng pointed out that blockchain developers are mainly concentrated in the English and Chinese worlds, and losing the Chinese market means losing important global developer resources. Vitalik said that the Ethereum Foundation's development power in Berlin is mainly engaged in underlying technology work, and Ethereum's underlying technology has become mature, and there is only room for optimization left. Xiao Feng said that he had said to Vitalik half-jokingly: "We have the 11th Blockchain Conference in Shanghai in October. If you are arrested, I will accompany you to jail." He then pointed out that this was just a joke and said that in fact, China's technical departments, government agencies and developer groups have respect for Ethereum technology and suggest that the foundation should not stay away from the Chinese market.

Ethereum Lianchuang: Ethereum is a replacement for Bitcoin, not a competitor

At the Consensus 2025 conference, Ethereum co-founder Anthony Di Iorio said that Ethereum is “not to be a competitor to Bitcoin, but to be an alternative.” "We can feel it's rising," he said in a review of the early developments of Ethereum. Di Iorio initially entered the crypto space by advocating Bitcoin and met Vitalik Buterin when he held a Bitcoin party in Toronto in 2012. He stressed: “Ethereum has the potential to eventually outpace Bitcoin in market value… With the number of use cases and the value Ethereum can create, I think it has such an opportunity.”

In April, the on-chain stablecoin transaction volume reached US$908 billion, a record high

According to Techinasia, in April 2025, the on-chain stablecoin transaction volume of Ethereum hit a record high of US$908 billion, demonstrating its increasingly popular application in the financial field. USDC has performed well in this growth trend, with trading volumes exceeding $500 billion in the past six months. Other stablecoins, such as DAI and USDS, also show active trading trends, which indicates that the stablecoin market is showing a diversified development trend. Enterprise giants such as Meta and Stripe are also currently exploring or launching stablecoin-based payment solutions. Despite the competition, Ethereum remains the preferred blockchain platform for stablecoin applications driven by continued growth in transaction volume and strong corporate interest.

Other projects

Paradigm-backed DeFi platform Exponential launches cross-chain revenue optimizer YO

According to The Block, Exponential, a DeFi platform invested by crypto venture capital Paradigm, has launched a cross-chain income optimizer YO. The platform integrates the profit opportunities of Morpho, Pendle and other protocols on the Base, Ethereum and Solana chains through standardized risk frameworks and automation strategies. Its core innovation lies in the "single treasury and multi-chain deployment" model, which not only simplifies novice operations but also improves professional users' efficiency. Exponential completed a $14 million seed round in 2022, led by Paradigm and followed by Haun Ventures and others. The institution-level DeFi risk assessment system developed by the team for many years has become YO's infrastructure, and currently supports users to automatically obtain multi-chain optimal risk- adjusted returns through a single deposit.

DeFi rating project Exponential launches DeFi platform YO to provide services to beginners and professionals

Exponential, a DeFi rating project powered by Paradigm, has launched a revenue-optimized DeFi platform called YO, designed to serve beginners and professionals. The company says the platform aims to greatly simplify DeFi by eliminating fragmentation, automatically searching for the “best” opportunities to earn on Base, Ethereum and Solana. Previously, on October 3, 2022, DeFi rating project Exponential announced the completion of a $14 million seed round. This round of financing was led by Paradigm, with Haun Ventures, FTX Ventures, Solana Ventures, Polygon, Circle Ventures and more than 80 angel investors participating.

Abstract may launch an official cross-chain bridge

According to the preview image released by Abstract Chain developer @0xCygaar, Abstract may launch an official cross-chain bridge.

Allora and Mind Network launch the first privacy-protected price oracle FHE TrustPrice Index

On May 16, according to official news, Mind Network and Allora Network have reached a strategic cooperation to jointly launch the first privacy-protected price oracle for DeFAI scenarios - FHE TrustPrice Index. In addition, Mind Network has open sourced the Mind Voter prototype code library, which demonstrates the core working mechanism of the system through the encryption acquisition, submission and aggregation process of BTC prices, and provides a reference solution for developers to build FHE-compatible agents.

Mastercard to launch new stablecoin payment card in partnership with MoonPay

Mastercard has reached a cooperation with crypto payment company MoonPay to launch a stablecoin payment card service for 150 million merchants around the world. The service is based on the technical architecture of Iron, a stablecoin payment company acquired by MoonPay in March this year, and will be automatically converted to fiat currency during transactions.