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Techub News, according to Wu Blockchain, Ethereum founder Vitalik Buterin stated that high transaction fees stifled the first wave of cryptocurrency payment adoption. Recalling his trip to Argentina, he pointed out that locals widely rely on free and instant Binance internal transfers for daily transactions. He believes that when on-chain transaction fees are too high, users are forced to turn to the internal systems of centralized platforms, hindering the early development of decentralized payment networks. This view emphasizes the importance of low fees for the mainstream adoption of cryptocurrencies.
Techub News, according to Wu Blockchain, cryptocurrency wallet provider Ledger has paused its U.S. IPO plans due to unfavorable market conditions. Sources revealed that the company has not yet submitted any draft S-1 registration to the U.S. SEC. The company stated that it may reconsider its listing plans when market conditions improve in the future. As a leading hardware wallet manufacturer, Ledger's pause reflects the challenging market environment currently faced by crypto enterprises.
Techub News, according to Wu Blockchain, the U.S. core Producer Price Index (PPI) rose 1% month-on-month in April, the largest increase since March 2022, far exceeding the market expectation of 0.3% growth, with the previous figure revised upward to 0.2%. This data excludes food and energy prices, reflecting continued inflationary pressure on the producer side. The market is paying attention to the potential impact of this indicator on the Federal Reserve's monetary policy path, as the stronger-than-expected core PPI growth may strengthen expectations that interest rates will remain high.
Techub News news, according to Wu Blockchain citing CryptoSlate, DeFiLlama data shows that Ethereum's market share in total DeFi value locked (TVL) has dropped from 63.5% at the beginning of 2025 to approximately 54% on May 7, with its TVL currently standing at around $45.4 billion. Despite the weakened dominance, Ethereum still maintains its lead in the DeFi sector with this TVL scale. This decline in share reflects the rapid growth of other Layer 1 and Layer 2 networks in the field, as the competitive landscape of the market is changing.
Techub News, according to Wu Blockchain, the U.S. Senate Banking Committee will review and vote on H.R.3633, the Digital Asset Market Clarity Act of 2025, at 10:30 a.m. ET on May 14. The bill aims to provide regulatory clarity for the digital asset market, and this committee vote is a key step in the legislative process. If passed by the committee, the bill will be sent to the full Senate for a vote.
Techub News, according to Wu Blockchain, Payward, the parent company of exchange Kraken, has applied to the Office of the Comptroller of the Currency (OCC) for a national trust company charter, planning to establish Payward National Trust Company (PNTC) to expand its federally regulated cryptocurrency custody business. Kraken, founded in 2011, is one of the world's leading cryptocurrency exchanges. This application for an OCC trust charter aims to establish a federally regulated entity, further expanding its institutional-grade cryptocurrency asset custody services to meet institutional clients' demand for compliant custody solutions.
Techub News, according to Wu Blockchain, Bitmine Immersion Technologies disclosed that it added 101,745 Ethereum last week, bringing its total Ethereum holdings to 5,180,131 coins, with total cryptocurrency assets and cash holdings amounting to approximately 13.1 billion USD. The company also currently holds 200 Bitcoin and shares in other projects worth approximately 83 million USD. This increase further expands the company's position in the Ethereum market.
Techub News, according to Wu Blockchain, Canada's Alberta Investment Management Corporation (AIMCo) disclosed that as of the latest reporting period, it holds 1.38 million shares of MicroStrategy (MSTR), with a position value of approximately $219 million. The institution is a sovereign wealth fund owned by the Canadian government, with assets under management totaling $142 billion. This holding indicates that traditional institutional investors are indirectly allocating to Bitcoin-related assets through positions in MicroStrategy stock.
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