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Foundation

Ethereum Foundation Lays Off Some Staff Amid R&D Restructuring

by admin June 2, 2025

The Ethereum Foundation has laid off some members of its research and development team as part of a broader restructuring effort aimed at refocusing on critical protocol design challenges, the organization said in a blog post Monday.

The shake-up comes as the Switzerland-based nonprofit grapples with ongoing criticism over its management and strategic direction. Some in the Ethereum community have warned for over a year that failure to address key technical hurdles could threaten Ethereum’s status as an industry leader, and the organization has already undergone leadership changes in part to address these concerns.

The foundation is rebranding its Protocol Research and Development division under the simplified name “Protocol,” and is repositioning the group around three main priorities: scaling Ethereum’s base layer, expanding blobspace (a key part of its data availability strategy), and improving user experience.

“The changes we’re announcing today are a departure from our previous ways of working, but we feel these set us on a more responsive and effective path,” the foundation said in its post.

The EF did not disclose how many staff were affected by the layoffs. “[S]ome members of PR&D won’t be continuing with the Ethereum Foundation,” the blog stated. “We hope these individuals continue on in the Ethereum ecosystem and encourage others building out their teams to seek them out.”

A spokesperson for the foundation did not respond to a request for comment.

The restructured Protocol team will serve as a hub for Ethereum’s core development efforts, aiming to improve public visibility into upgrade timelines, technical documentation, and research.

“We’re hopeful that this new structure will empower our internal teams to focus more clearly and drive key initiatives forward,” said Hsiao-Wei Weng, the co-executive director at the EF in a post on X.

Read more: Ethereum Foundation Picks New Co-Executive Directors, Following Leadership Reshuffle

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June 2, 2025 0 comments

XRP momentum stalls as SEC delays 21Shares XRP ETF decision

NFT Gaming

Can XRP fall back to $2.20? Ripple foundation making moves

by admin June 1, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

XRP could hit $11 in coming years as Unilabs gains traction with a $0.051 token and a revenue-sharing model.

Egrag Crypto has issued a highly positive XRP price prediction. The crypto trader says that Ripple’s Foundation token could hit $11 in the next few years. This outlook is fueled by growing hopes for a spot ETF.

While big players eye XRP, retail investors are shifting to Unilabs for quicker, steadier gains. The fund’s token, UNIL, is priced at just $0.051 and is gaining attention fast. What sets it apart is its revenue-sharing model.

Unilabs gives 30% of its earnings back to token holders through dividends. This rewards early buyers and builds long-term value as the fund grows.

XRP price prediction: Can Ripple Foundation hold $2.27 as regulatory uncertainty settles in?

Ripple’s XRP is testing key support near $2.27 after falling from $2.65. This drop has weakened short-term bullish sentiment for XRP’s price prediction. If the token breaks below this level, losses could extend toward $2.07 or even April’s low at $1.61. The 100-day EMA is also under pressure, adding to the risk.

Alongside price struggles, Ripple Foundation faces regulatory uncertainty. On June 5, the SEC will host a major digital assets conference. Ripple Foundation has already sent a letter urging the SEC to modernize outdated crypto laws, especially for secondary market transactions.

The company wants clear rules for developers and investors, especially in a project’s early stages. SEC Commissioner Hester Peirce has raised the key issue: when does a digital asset stop being an investment contract?

Until the SEC offers real answers – rather than just enforcement – markets will likely stay cautious. Ripple Foundation may need regulatory clarity and stronger momentum to create a better XRP price prediction.

Technical outlook: A cliffhanger for XRP’s price prediction

Ripple Foundation’s token is on edge. The MACD flashed a bearish crossover on May 20, and the RSI has dropped below 50, signaling increased selling pressure. The chart shows a bear flag forming, hinting at a possible 55% fall to $1.00 if support gives way. Still, the SuperTrend holds at $2.17, acting as a key support zone.

Zooming out, the longer-term view offers hope. A falling wedge is close to completion. If XRP’s price prediction breaks above $2.42 and clears the wedge, it could target $3.40. The RSI rising from 31 to 47 shows that buyers are slowly coming back.

XRP is at a critical point. Bulls need to defend key levels to avoid a breakdown. A move higher could shift momentum fast.

ETF buzz adds fire to Ripple Foundation’s bullish outlook

The biggest wildcard for XRP’s price prediction right now is a spot ETF. The SEC has started reviewing WisdomTree’s XRP Trust, kicking off a 240-day window with 21 days for public comment.

This news sparked major excitement in the XRP community. On Polymarket, approval odds jumped to 84%, up from 63% last month. Bloomberg analysts put the chances at 85%.

A green light could bring in waves of institutional cash. XRP might break past $3 quickly, with $8 in sight for 2025. Some even see $50 down the line if giants like BlackRock jump in and invest in Ripple Foundation.

Unilabs reshapes the $500 billion asset management market

Unilabs is changing how asset management works. It cuts out human mistakes and uses smart AI instead. At the core is EASS, an algorithm that checks new crypto projects using clear performance and risk data. It doesn’t just look for growth – it also avoids weak assets, making investing safer and smarter.

This AI also powers the Unilabs Launchpad. It scans tons of new projects and highlights the best ones with strong potential. That gives investors early access to high-quality opportunities they might otherwise miss. The goal is simple: trust, speed, and long-term value.

Unilabs now manages over $30 million. It spreads funds across four areas – AI, Bitcoin, RWAs, and mining – so investors can pick what suits them best.

To make trading easier, Unilabs built the Cross-Chain Trading Hub. It connects multiple blockchains without risky bridges. This means faster, safer trades. With its smart tools and clear structure, Unilabs helps users find, back, and grow the best DeFi projects with confidence.

Get to know more about Unilabs by visiting the official site and Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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June 1, 2025 0 comments

SUI stalls below resistance amid $223M Cetus Protocol hack

GameFi Guides

Sui Foundation issues loan to Cetus for user compensation

by admin May 28, 2025

The Sui Foundation has stepped in with a secured loan to help decentralized exchange Cetus fully compensate users affected by a recent $223 million exploit.

In a statement posted on X on May 27, the foundation said the loan will cover funds that the hacker managed to bridge out of the Sui (SUI) network before validators froze their wallets. Cetus will combine the loan with its treasury assets to reimburse affected users in full, provided the community approves a separate on-chain vote to unlock the frozen funds.

Sui Foundation is providing Cetus with a secured loan as part of a plan to quickly compensate user losses in full. The Cetus team will use these loan proceeds together with assets from their treasury to cover losses from the stolen funds that have been bridged out of the Sui… https://t.co/QYq14lGsl6
— Sui (@SuiNetwork) May 27, 2025

Cetus echoed this sentiment in another statement, apologizing for the incident and asking the Sui community to support the recovery vote. “We are now in a position to fully cover the stolen assets currently off-chain,” the team said, “if the locked funds are recovered through the upcoming community vote.”

On May 22, Cetus suffered a complex exploit targeting a flaw in its concentrated liquidity market maker contracts. The attacker exploited unchecked math operations in a third-party code library and manipulated prices using a flash swap. As a result, they were able to drain several pools by faking liquidity deposits and repeatedly withdrawing real tokens.

The attacker managed to transfer a significant amount of the stolen assets to Ethereum (ETH), even though validators were able to freeze $162 million on-chain. These bridged funds are the focus of the current compensation plan.

The hack caused the CETUS token to drop by 40% and is still 20% down in the past week. The total value locked on the Sui network also fell from $2.13 billion to $1.77 billion, as per DefiLlama data.

Though the bug was in Cetus’ code and not Sui’s base infrastructure, the Sui Foundation acknowledged its role in supporting ecosystem-wide security. Alongside the loan, the foundation announced an additional $10 million commitment to fund audits, bug bounties, and formal verification tools.

To encourage white-hat hackers to find vulnerabilities before they are exploited, it also intends to broaden its bug bounty program to include high-value protocols like Cetus, which have over $50 million in TVL.

While the quick action from validators helped prevent further damage, some in the community voiced concerns that freezing wallets undermines the decentralization ethos of blockchain. Others praised the swift response and transparent handling of the crisis.

A detailed recovery plan from Cetus is expected soon. Compensation efforts are scheduled to begin regardless of the vote’s outcome, though full recovery depends on whether the community supports unfreezing the remaining funds.

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May 28, 2025 0 comments

Crypto Trends

Ripple’s Major Partner in Japan Teams up With Solana Foundation

by admin May 26, 2025

End of crypto tribalism? SBI Holdings teams up with Solana
Partnership focuses on institutions, RWAs

SBI Holdings, Ripple’s largest partner in Japan, has announced a game-changing partnership with Solana Foundation. SBI’s R3 Corda, the world’s biggest platform of permissioned corporate chains, will accelerate TradFi, institution and RWA onboarding to Solana (SOL) blockchain.

End of crypto tribalism? SBI Holdings teams up with Solana

Japanese fintech heavyweight SBI Holdings announced that its private blockchain platform R3 Corda entered into a partnership with Solana Foundation. The collaboration will bring together R3 Corda’s permissioned network experience and the opportunities of Solana’s high-performance mainnet.

🔊SBI announced its important partner R3 has a new partnership with @solana. R3 Corda, used by “HSBC & Bank of America, who hold more than $10 billion in tokenized real-world assets (RWA) on the network”, will access the public blockchain 👉without change to existing systems.… pic.twitter.com/DnDADawdrA

— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) May 26, 2025

The partners will coordinate their efforts on building the first enterprise-grade, permissioned consensus service offered to the public directly on a major L1.

Technically, the integration means private transactions on Corda can be validate directly on Solana mainnet. This is a landmark achievement for the $10 billion ecosystem of Corda that is already leveraged by a number of TradFi majors, including HSBC and Bank of America.

A seasoned Ripple and XRP community enthusiast who goes by @sentosumosaba on X highlights the very specific nature of this collaboration:

I don’t think the XRP community was well served by those KOLs who bad-talked Solana for years.

Also, Lily Liu, President of the Solana Foundation, assumes a position on R3 Corda’s Board of Directors as the partnership kicks off.

Partnership focuses on institutions, RWAs

Largely, the collaboration will be focused on offering Solana (SOL) as a security and validation layer for permissioned blockchains operate by institutions: banks, fintechs, payment processors and so on.

Besides that, joint infrastructure by Solana and Corda will be leveraged by the issuers of tokenized real-world assets (RWAs).

As covered by U.Today previously, SBI Group recently kickstarted a program of lending applications for XRP, Bitcoin (BTC), Shiba Inu (SHIB) and other major cryptocurrencies.

Sui Foundation stays neutral; $162m hack plan up for vote

by admin May 25, 2025

The Sui Foundation has announced it will abstain from an upcoming community vote on recovering $162 million in frozen funds from the recent Cetus protocol hack.

The decision comes as the blockchain network prepares for an on-chain governance vote to decide whether to implement a protocol upgrade for fund recovery.

Following Wednesday’s action by Sui (SUI) validators to freeze stolen assets, Cetus has formally requested community approval for a protocol upgrade that would return the locked funds without reversing transaction history or rolling back the blockchain.

Sui validators coordinated emergency freeze

The Sui validator network responded quickly to the security breach by implementing emergency measures to prevent further asset drainage. Over one-third of validators by stake weight ignored transactions from two addresses believed connected to the attack. This effectively immobilized approximately $162 million worth of digital assets.

On Wednesday, the Sui validator community acted quickly to freeze $162M of the stolen funds. Here’s how that happened:

– Each validator has a configuration file that allows it to ignore transactions from a specific address.

– Adding addresses to this file is at the discretion… https://t.co/pVLTItN0MH

— Sui (@SuiNetwork) May 23, 2025

The freezing mechanism operates through individual validator configuration files that allow nodes to exclude specific addresses from transaction processing. Each validator maintains discretionary control over this function, which can be activated or reversed independently based on individual risk assessments or compliance requirements.

While validators successfully prevented the attacker from bridging a substantial portion of the stolen funds off the Sui network, approximately $60 million in assets had already been moved before the freeze took effect. Cetus has mentioned it is collaborating with Inca Digital, security firms, and international law enforcement agencies to recover the remaining compromised funds.

The Sui Foundation shared two conditions for supporting the community vote process. First, the foundation will maintain complete neutrality regarding the outcome. They stressed its role as a facilitator rather than a decision-maker for community governance. Second, Cetus must publicly commit to deploying all available financial resources toward full customer restitution.

“This is an extraordinary request in response to extraordinary need – Cetus’s customer funds are at stake,” the Sui Foundation stated. Cetus has expressed willingness to respect whatever decision emerges from the community vote.

They noted that “no one can make this decision unilaterally.” The protocol upgrade vote will involve major network participants, including validators and SUI token stakers. Cetus had also offered a $6 million bounty to the hacker to retrieve the funds.

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May 25, 2025 0 comments

Product Reviews

Freedom of the Press Foundation Threatens Legal Action if Paramount Settles With Trump Over ’60 Minutes’ Interview

by admin May 24, 2025

Media advocacy group Freedom of the Press Foundation has sent a warning letter to Paramount mogul Shari Redstone, outlining plans to file a lawsuit if the media company settles a suit brought by President Donald Trump against its subsidiary, CBS.

“Corporations that own news outlets should not be in the business of settling baseless lawsuits that clearly violate the First Amendment,” Freedom of the Press Foundation director of advocacy Seth Stern said in a statement.

Stern issued the warning by asking for a litigation hold on Friday afternoon, demanding that Paramount preserve any documents relating to a potential Trump deal and urging the company not to settle. The nonprofit is able to seek damages because it owns shares of Paramount. It plans to act on behalf of itself and other shareholders, alleging that the settlement would amount to the company’s executives “breaching their fiduciary duties and wasting corporate assets by engaging in conduct that US senators and others believe could amount to unlawful bribery that falls outside the scope of the business judgment rule.” The White House and Paramount did not immediately respond to requests for comment.

Last October, President Trump sued Paramount subsidiaries CBS Broadcasting and CBS Interactive, alleging that an interview with former Vice President Kamala Harris that aired on longstanding CBS News program 60 Minutes was deceptively edited, in a manner that constituted election interference. Initially seeking $10 billion in damages, Trump amended the lawsuit in February to ask for $20 billion. Paramount Global has a market cap of roughly $8.5 billion.

Although Paramount previously called the lawsuit “an affront to the First Amendment” in legal filings to dismiss this March, it has reportedly sought to settle; the company has a potentially lucrative merger pending with Hollywood studio Skydance that would require the Trump administration’s signoff.

Last week, Democratic senators Elizabeth Warren, Bernie Sanders, and Ron Wyden sent a letter to Redstone seeking information about any potential settlement, raising concerns that it would amount to bribery. “If Paramount officials make these concessions in a quid pro quo arrangement to influence President Trump or other Administration officials,” they wrote, “they may be breaking the law.”

Talks of a potential settlement had roiled CBS for months. Longtime 60 Minutes executive producer Bill Owens abruptly resigned in April, and CBS News president and CEO Wendy McMahon resigned earlier this month. “It’s become clear the company and I do not agree on a path forward,” she wrote in a memo to staff at the time.

Trump’s lawsuit against Paramount isn’t an isolated attack on the media. He sued ABC News, owned by the Walt Disney Company, for defamation in March 2024 over comments from anchor George Stephanopoulos portraying the president as “liable for rape.” (A federal jury found President Trump liable for sexual assault in a 2023 civil case, but not rape.) The company settled the case in December. In late April, Trump posted comments on his social platform Truth Social that appeared to threaten The New York Times with the possibility of legal action in the future.

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May 24, 2025 0 comments

NFT Gaming

Worldcoin rallies 10% as World Foundation raises $135M

by admin May 22, 2025

Worldcoin has jumped 10% in the last day, riding the wave of a major $135 million raise by the World Foundation.

According to World Foundation’s official fundraising announcement on May 21, the funds will be used to expand its iris-based identity network, World ID. Leading the raise were Andreessen Horowitz and Bain Capital Crypto, who purchased Worldcoin (WLD) tokens at market value, increasing the supply of tokens in circulation.

With more than 26 million users and 12.5 million Orb-verified IDs in oved 160 countries, this institutional support lends more credibility to the project. The market has responded positively to the news.

Trading volume is up 87% to over $508 million, while derivatives volume has exploded by 112% to $879 million. Open interest is also up 23%, now sitting at $280 million, as per Coinglass data. After months of decline, this steep increase points to a change in trader sentiment as capital moves back into WLD. However, the token is still 89% below its peak of $11.74 in March 2024.

On the technical side, Worldcoin’s price action is displaying signs of strength. After recovering from support around $1.00, it has climbed back to $1.24. The move is accompanied by strong momentum and rising volume, indicating that bulls might be regaining control. The price is trading above the short- and mid-term moving averages, which are currently trending upward, often a bullish sign.

Worldcoin price analysis. Credit: crypto.news

The relative strength index is slightly above 60, indicating that there is still potential for growth without reaching an overbought level. The expanding Bollinger Bands suggest a possible breakout move. If bulls can break through the crucial resistance level, which is around $1.30, the next major barrier is near $1.38.

On-chain fundamentals continue to be a risk as well as a strength. More WLD is now in circulation as a result of the recent token sale, which could put short-term pressure on the price. But the fact that this was not a VC dump, but rather a sale to two long-time backers at market price, changes the narrative.

Furthermore, if Worldcoin can use the new funding to successfully scale its World ID infrastructure, especially in jurisdictions like the U.S., where digital identity regulation is tightening, it could carve out a unique niche at the intersection of AI, privacy, and identity.

If the current momentum holds, WLD might move in the $1.37–$1.50 range. A breakout above that area could result in a more pronounced rally as shorts are squeezed. However, if buyers lose interest and the token falls below $1.20, a retrace to $1.10 or even $0.95 is still possible.

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May 22, 2025 0 comments

Crypto Trends

Sei Development Foundation taps Jamie Finn as strategic advisor

by admin May 20, 2025

Sei Development Foundation has appointed Jamie Finn, a veteran fintech entrepreneur and co-founder of Securitize as a strategic advisor.

Sei Development Foundation, a non-profit focused on the development and adoption of Sei (SEI), announced the appointment on May 20, 2025.

“Jamie brings a rare combination of institutional credibility, deep technical insight, and hands-on experience building real-world asset platforms,” commented Justin Barlow, executive director at the Sei Development Foundation.

As Sei Development Foundation’s new advisor Finn’s key areas of collaboration will include the topic of strategic growth and adoption of real-world assets on the Sei blockchain network.

Finn’s expertise and experience will be crucial for Sei RWA approach, having been a key figure across blockchain technology, digital assets and finance sectors.

His role will also include exploring potential partnerships.

In a comment about the market, Jamie Finn said:

“Sei’s performance and developer-first approach make it a compelling platform for tokenized RWA strategies that are scalable, compliant, and institutional-grade. I’m excited to support the Sei Development Foundation in building the infrastructure needed to bridge capital, grow market access, and drive sustainable adoption of tokenized assets and beyond.”

The appointment of Jamie Finn comes a day after another major development related to Sei- the launch of Sei Giga.

On May 19, the Sei Labs team revealed the release of Sei Giga whitepaper as it looks to unveil the first multi-proposer Ethereum Virtual Machine layer 1 blockchain.The Sei mainnet went live in 2023, and its rapid growth includes the processing of billions of dollars worth of transactions.

The Giga update aims at bolstering Sei performance, bumping this metric by over 50x.

Sei’s native token traded in the red at the time of writing, down 0.3% on the day. The cryptocurrency’s price has dropped by more than 16% in the past week.

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May 20, 2025 0 comments