Project Updates

Ethereum Foundation to stake 70K ETH as network staking nears one-third of supply

The Ethereum Foundation has announced plans to stake up to 70,000 ETH (worth approximately $140 million) from its treasury using infrastructure developed by Bitwise's Onchain Solutions unit. The staking initiative will begin with an initial deposit of 2,016 ETH. This development occurs as Ethereum's staking ecosystem continues to grow significantly, with 37.6 million ETH (30.2% of the circulating supply) now staked across over 1.17 million validators. Despite the high number of validators, staking remains concentrated among large providers, with Lido holding the largest market share at 22.9%. The Foundation will utilize Bitwise's open-source staking tools, including Dirk and Vouch, to enhance security and reduce single points of failure. By staking its ETH, the Foundation aims to generate recurring rewards (estimated at over 2,000 ETH annually at 3-4% yield) while supporting network security, marking an evolution in its treasury strategy.

ambcrypto03/09 16:41

GateAI Launches Web Portal and Expands Multiple AI Assistant Capabilities, Building an Intelligent Interaction Service Layer for Trading Platforms

Gate, a leading digital asset trading platform, has launched the web version of its AI product, GateAI, marking its largest functional expansion to date. The upgrade introduces over ten new modules, including user center, marketing activities, asset management, and personalized recommendations, transforming GateAI from a trading assistant into a comprehensive smart service layer for the entire user journey. Users can now access GateAI via a fixed entry at the bottom of any page on the website, such as the homepage, market trends, or help center, to ask questions about market analysis, product details, or platform guidance. The AI also intelligently suggests questions based on the user’s current page. The dedicated full-page chat interface integrates market sentiment indicators, industry news feeds, and recommended topics, allowing users to observe markets, access information, and engage in in-depth conversations seamlessly. Logged-in users can view and continue past conversations. The web version currently supports core functions like spot trading, wealth management subscriptions, and flash swaps. The expansion also enhances the GateAI app with capabilities covering user accounts, promotions, unified accounts, quantitative asset management, rebate systems, and new user onboarding. GateAI now offers personalized services, such as recommending financial products based on user assets and risk preferences, and guiding new users through KYC, first deposit, and initial trading steps. By using natural language, users can trigger complex operations that previously required navigating multiple pages. This update reflects Gate's ongoing investment in AI infrastructure, including earlier initiatives like Gate for AI, which opens core exchange capabilities via APIs. GateAI makes these features accessible to everyday users, positioning AI as a key entry point to platform services. As AI integrates deeper into the digital asset industry, Gate is advancing trading platforms from traditional interfaces to AI-driven intelligent service layers.

marsbit03/09 14:49

Hyperliquid Announces Opening of Pandora’s Box as Crypto Prices Fall Flat

Hyperliquid has announced the opening of Pandora’s Box, introducing a shift in onchain financial services. This occurs amid a significant surge in oil prices, which have risen nearly 30% to over $110 per barrel due to ongoing Middle East tensions. Over $160 million in oil contract volume was traded on Hyperliquid in the past 24 hours. Crypto perpetual markets are gaining traction as a 24/7 trading alternative, including for oil, currencies, and metals. Meanwhile, major cryptocurrencies are experiencing flat price movements. BTC is trading around $67,525, while ETH hovers near $1,986. Hyperliquid’s native token, HYPE, remains 13th by market cap, with a slight price increase and heightened trading volume. Oil prices may climb to $150 per barrel, potentially triggering inflation or a global recession if the conflict persists.

TheNewsCrypto03/09 12:49

Brevis Vera is Now Live: Proving "Authenticity" in the Age of AI

Brevis Vera is an end-to-end media authenticity system that enables anyone to verify whether a published image or video originates from a real device and has been edited only in provable, compliant, and legitimate ways. It combines hardware-backed C2PA credentials—which cryptographically bind media to its source device at the time of capture—with zero-knowledge proofs (generated via Brevis Pico zkVM) that attest to the integrity of the entire editing process. Unlike AI-based deepfake detection methods, which are reactive and often lag behind generative advances, Vera takes a proactive approach by allowing media to cryptographically prove its origin and the transformations it has undergone. It addresses the "editing gap" where traditional signatures break after any modification, such as cropping or color adjustment. Vera integrates with open-source editing tools to generate proofs that verify three key claims: the output is derived from the signed original, only permitted edits were applied, and no hidden or malicious changes were introduced. The proofs are generated locally, verifiable by anyone, and preserve the privacy of both the source material and the editing workflow. The system is now live, with initial support for common image transformations. Brevis is working to integrate Vera into mainstream consumer editing applications and has open-sourced the reference implementation.

marsbit03/09 12:37

Hyperliquid’s HIP-3 Protocol Records $720M Single-Day Weekend Trading

Hyperliquid's HIP-3 protocol, a record-breaking $720 million in single-day weekend trading volume, driven by heightened demand for on-chain access to traditional assets. According to Pine Analytics, this surge is attributed to two key events: a silver price rally in January and geopolitical tensions in late February that drove traders to decentralized platforms when traditional markets were closed. The platform's native token, HYPE, saw a 2.67% price increase and a 55% rise in 24-hour trading volume, reflecting growing adoption. Analysts suggest that if this accelerating trend continues, HYPE is well-positioned to outperform other crypto assets.

TheNewsCrypto03/09 12:29

Cardano Founder Says Pentad Faces $40 Million Shortfall After ADA Price Crash

bitcoinist03/09 12:03

Akash Network spikes 20% amid BME proposal buzz: Can AKT extend the rally?

Akash Network's AKT surged 20.2% to approximately $0.417, with trading volume exploding 981.7% to $54.47M, indicating intense speculative interest. This rally coincides with an upcoming on-chain vote for the Burn-Mint Equilibrium (BME) proposal, which would link token utility directly to network demand by burning AKT used for compute deployments. The upgrade also introduces WASM smart contracts for faster innovation. AKT broke out of a prolonged consolidation range, now testing key resistance at $0.44. Technical indicators like MACD show strengthened buying pressure. Meanwhile, Open Interest surged 136.4% to $13.19M, yet funding rates remain deeply negative at -0.275%, suggesting a crowded short side. This divergence could lead to increased volatility if the rally continues, forcing liquidations. The price action near $0.44 is a critical test for the rally's sustainability.

ambcrypto03/08 21:02

Lighter buybacks hit 3% of supply – But LIT holds above $1 IF…

LIT faces persistent bearish pressure, trading near $1.10 with weekly losses of 23%. Despite a buyback program that repurchased 7.48M tokens (3% of supply) using protocol revenue, market sentiment remains negative. Sell volume dominates, and declining revenue and trading activity suggest continued downside risk. Key support at $1 is at risk of breaking, with further decline possible toward $0.96 unless momentum shifts above $1.30.

ambcrypto03/08 16:02

Aave’s revenue surges despite DAO turmoil – Is lending DeFi’s backbone now?

Despite internal governance turmoil, Aave has demonstrated strong and consistent revenue growth, underscoring the resilience of lending protocols as a stable revenue engine within DeFi. While speculative sectors like DEXs and NFTs experience volatility, Aave generated $1.62 million in daily fees and $82.14 million over 30 days, supported by $32.4 billion in TVL. Its stablecoin utilization rates remain near 60–70%, reflecting sustained borrowing demand rather than speculative activity. With cumulative revenue approaching $145 million over the past year and over $1 trillion in total loan volume, Aave continues to function as DeFi’s core on-chain credit infrastructure, facilitating trading, arbitrage, and treasury management activities.

ambcrypto03/08 03:02

Analyzing if Hyperliquid can become the 24/7 derivatives hub – Why and why not?

Crypto markets operate 24/7, providing continuous price discovery, especially during off-hours geopolitical or macroeconomic events, as seen with recent Middle East tensions. Derivatives dominate this ecosystem, with perpetual futures volume vastly exceeding spot trading. Hyperliquid [HYPE], a high-speed Layer-1 blockchain, is emerging as a key decentralized derivatives hub. It features ultra-fast block finality, an on-chain order book, and a cross-margin model. With significant volume and open interest, it is consolidating liquidity in the decentralized space, sometimes offering better order book depth than centralized competitors like Binance. While it has the potential to become a global, 24/7 risk-transfer layer, persistent market fragmentation could limit this advantage.

ambcrypto03/08 00:02