Grant Hummer, co-founder of Ethereum ecosystem marketing company Etherealize, said that Bitcoin's prospects are worrying because of its security budget problem. Currently, it only costs $8 billion to launch a 51% attack on Bitcoin. If it drops to $2 billion (security budget accounts for 0.1% of Bitcoin's market value), the attack is almost inevitable, and this will become clear in the next decade. In contrast, Ethereum is expected to become the default consensus point for Internet value storage with its true decentralization. Hummer also mentioned that after communicating with traditional financial executives, it was found that millions of TPS (transactions per second) could not be achieved on a single global state machine, but it was completely feasible through Ethereum's neutral settlement layer and high-speed L2 network. He emphasized that the stability and maturity of decentralized financial infrastructure far outweigh short-term performance improvements, especially in the wave of tokenization of real-world assets (RWA) - currently 85% of RWA and most stablecoins have chosen Ethereum. In response to the criticism that "Ethereum tries to do too much", Hummer retorted that this is no different from questioning the multiple functions of Windows or the Internet. He believes that Ethereum is becoming the cornerstone of the global financial system, and its security, decentralization and ecological diversity are the key to attracting large-scale institutional adoption.

Yesterday (May 13, Eastern Time), the total net outflow of Bitcoin spot ETF was US$96.1425 million.

Ethereum Layer2 network Arbitrum announced that it will invest $10 million in blockchain game projects through the newly established venture capital program Arbitrum Gaming Ventures. This fund is part of the $200 million plan funded by Arbitrum DAO, which focuses on supporting the construction of early projects within the Arbitrum ecosystem. This is the first major fund under the plan, and venture capital firms Paradigm, Framework Ventures and BITKRAFT are also involved. Five projects have been funded, covering game development and infrastructure, including the multiplayer competitive game Wildcard, the game-specific Rollup solution Hyve Labs, the Layer3 game chain Xai based on Arbitrum Orbit, the chain game studio Proof of Play, and the consumer-focused blockchain infrastructure T-Rex.

Gnosis has acquired Singapore-based on-chain financial operations platform HQ.xyz for $14.95 million. The investment includes $8.95 million from the GnosisDAO treasury, which was approved by a DAO vote in January 2025, and $6 million from Gnosis Ltd. for operating expenses over the next two years. The acquisition is one of the largest investments in the Gnosis ecosystem. HQ.xyz will be rebranded as Gnosis HQ and integrated into the Gnosis ecosystem, which includes Gnosis Chain, Gnosis Pay, and associated projects such as Safe and CoW Swap.

South Korean crypto exchange Upbit will list NXPC in the KRW, BTC, and USDT markets, and trading will be announced later.

Coinbase announced the upcoming launch of cbADA, cbDOGE, cbLTC, cbXRP. They are not yet live or available, and will be announced at a later date.

U.S. senators from both parties are accelerating the "rebirth" of stablecoin legislation supported by the crypto industry. Previously, the legislation was blocked due to controversy over Trump's crypto portfolio. Bill Hagerty, the first Republican sponsor of the legislation and a senator from Tennessee, said at the Capitol that the two parties are continuing to push forward and hope that the Democrats will pass it before the holiday recess on May 26, because the Senate will focus on the Republican fiscal and tax plans. He bluntly said, "It's time to see if rationality can prevail."