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Coinbase announced in its first-quarter Ethereum validator report that it currently has 4.5 million ETH staked, accounting for 12.17% of the total staked supply. The company added that it continues to uphold its commitment to keep its validator share on the Ethereum network under 30%.

Cryptocurrency hardware wallet maker Ledger has put its U.S. initial public offering (IPO) plans on hold, CoinDesk reported. The decision is attributed to weakened investor sentiment amid recent market volatility. For instance, BitGo, which went public earlier this year, is now trading 36% below its offering price. Kraken has also suspended its plans for a public listing.

Evernorth Holdings, a firm founded by a former Ripple executive, has been profitable for only two weeks since implementing its XRP accumulation strategy, U.Today reported. The company is now facing an unrealized loss of approximately $389 million. Evernorth purchased about $950 million worth of XRP in the fall of 2025 at an average price of $2.44 per coin, but the market entered a sharp downturn shortly after.

Morgan Stanley purchased 395.6 BTC, worth $25.81 million, over the past 24 hours, according to Onchain Lens. The firm now holds a total of 3,389 BTC.

Digital asset infrastructure firm Fireblocks has partnered with Iagon, an enterprise-grade node service for the Cardano (ADA) ecosystem, Crypto Briefing reported. The collaboration will allow institutional investors to directly engage in advanced financial activities, including ADA staking, on-chain governance voting, and native token management, all within Fireblocks' secure environment.

Michael Shaulov, CEO of crypto infrastructure firm Fireblocks, has dismissed concerns that quantum computers pose a technical threat to Bitcoin, Decrypt reported. He argued that transitioning to quantum-resistant cryptography is less a technical challenge and more a matter of ecosystem cooperation and coordination. Shaulov identified the real barriers to institutional adoption as issues like North Korean hacking and privacy. He explained that the key is collective effort, noting that Bitcoin has successfully changed its signature scheme in the past, which demonstrates the network's ability to coordinate on large-scale updates.

A dedicated market for Ethena has opened on Jupiter Lend, the lending platform of Solana-based decentralized exchange Jupiter. According to Ethena, the new market features an infrastructure designed for institutional investors, with Bitwise handling on-chain asset management and risk oversight. Jupiter Lend users can now deposit USDe, use it as collateral for loans, and execute leveraged strategies with USDe on the Solana network.

Grupo Salinas, owned by Mexican billionaire and noted Bitcoin advocate Ricardo Salinas Pliego, has partnered with U.S. crypto bank Anchorage Digital to accelerate cross-border payments using stablecoins, The Block reported. Anchorage Digital stated it will provide Grupo Salinas with dollar stablecoin rails, aiming to significantly improve the speed of international settlements.

The International Monetary Fund (IMF) has warned of a potential global recession if high oil prices persist. IMF Managing Director Kristalina Georgieva predicted that the world economy could enter a technical recession if oil prices remain between $120 and $130 per barrel through 2027.

Hong Kong-based Web3 service and incubation firm Web3Labs Global has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), Foresight News reported. The company plans to raise up to $28 million through the listing to expand its Web3 hubs across Asia.

Fidelity International is launching its first tokenized fund, FILQ, on the Chainlink network, according to an announcement from Chainlink. The fund will provide on-chain net asset value (NAV) and distribution data.

Transit Finance has announced plans to fully compensate all users affected by a recent hack. The company explained that the incident stemmed from an exploited vulnerability in an early, TRON-based version of its smart contract that was deprecated after 2022, affecting a portion of its user base. Transit Finance stated it responded immediately upon discovering the issue and completed additional reviews and recovery measures yesterday, May 12. No action is required from users, and the current smart contract version remains unaffected, the company added. The announcement follows a report from blockchain security firm PeckShield, which had identified a hack of approximately $1.88 million from the protocol. PeckShield noted the stolen funds were being held as DAI in an address starting with 0x8a6.

An analysis suggests that demand for Strategy's perpetual preferred stock, STRC, is creating a predictable mid-month surge in Bitcoin (BTC) demand that influences its price. According to The Block, Vetle Lunde, head of research at K33, explained that while STRC pays dividends at the end of each month, the shareholder record date is the 15th. This prompts investors to buy STRC ahead of the dividend payment, causing its price to recover to its $100 par value. Strategy then issues additional shares through an at-the-market (ATM) program, using the proceeds to purchase BTC. Lunde noted that this pattern showed signs of re-emerging on May 11, when STRC's price returned to $100 and its trading volume hit the highest level since April 15. However, Lunde also pointed out that STRC's recovery to its par value has been slower this month, with additional purchases through this mechanism amounting to only one BTC, which could signal stagnating demand.

Citigroup's research division has projected that a meeting between U.S. President Donald Trump and Chinese President Xi Jinping will not resolve the conflict between the United States and Iran, Walter Bloomberg reported. Citi stated that maritime transport disruptions from a blockade of the Strait of Hormuz will continue intermittently for the next four to eight weeks. The bank also noted that Iran is likely to prolong the period of tension to gain negotiating leverage and secure revenue.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.08% - Nasdaq: +0.23% - Dow Jones: -0.3%

An address (starting with 0xb5E4) associated with Silicon Valley venture capital firm Andreessen Horowitz (a16z) has accumulated 1.588 million HYPE, worth $67.46 million, over the past month, according to an analysis by Lookonchain. The firm added that a16z appears to be buying and staking large quantities of HYPE. After the accumulation, the address staked a total of 1.3 million HYPE, worth $51.2 million, through multiple wallets.

Frank Chaparro, head of content at crypto market-making firm GSR, said on X that monthly decentralized exchange (DEX) trading volumes on Solana and Ethereum are now nearly identical at approximately $45 billion each. He noted that Solana's DEX trading volume for May has dropped to 94% of Ethereum's, a sharp decrease from its peak of 218% in January.

Nina Rong, Head of Growth at BNB Chain, stated during a 'Binance Online' session on May 13 that the network will focus on AI agents going forward. She added that BNB Chain will launch more infrastructure better suited to the demand for AI agents. Rong emphasized that the goal is to create an environment where AI middleware developers can concentrate on on-chain development, citing an agentic SDK and increased TPS as key initiatives.

The SIMD-0266 upgrade has been deployed on the Solana mainnet, SolanaFloor reported via X. This upgrade is expected to improve transaction efficiency by up to 20 times. The computational cost of token instructions has been reduced by approximately 96%, while block space has increased by 12% to 13% without any change to its limit.

Binance founder Changpeng Zhao said at a "Binance Online" event today that the conflict between Web3 and traditional finance will soon cease to exist. He explained that financial firms will ultimately adopt blockchain as a technology, making the distinction between the two sectors unnecessary in the future. Zhao added that this trend is already emerging, with institutional demand for blockchain growing daily.

Hong Kong-listed gaming company Boyaa Interactive, which holds Bitcoin, expects its net loss for the first quarter of 2026 to widen to between HK$470 million and HK$500 million ($63.84 million), Crypto Briefing reported. The company attributed the anticipated loss, an increase of 110% to 120% from the same period last year, to valuation losses from the decline in BTC's price. This comes despite improved profitability in its core gaming business.

According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,911.26 on the Binance USDT market.

The U.S. Department of Labor announced that the Producer Price Index (PPI) for April rose 1.4% from the previous month, surpassing market forecasts of 0.5%. The PPI is a leading indicator for the Consumer Price Index (CPI).

Bitcoin has broken above its 200-day moving average on the daily chart, a signal historically observed before the start of a bull run, according to an analysis by CoinDesk. The outlet noted this is the first time Bitcoin has surpassed this key indicator since September 2020. Following that break, BTC entered a full-scale bull market. According to CoinMarketCap, BTC is currently trading at $80,275, down 0.62%.

Transit Finance appears to have been exploited for approximately $1.88 million, according to PeckShield. The stolen funds are currently being held as DAI at an address beginning with 0x8a6.