Crypto Industry News & Market Trends

Ethereum Treasury Race Heats Up as Sharplink and Galaxy Launch $125 Million Onchain Yield Fund

Digital asset firm Galaxy and Ethereum treasury platform Sharplink are joining forces to launch the Galaxy Sharplink Onchain Yield Fund, a private vehicle targeting institutional capital with $125 million in initial commitments. Sharplink will contribute $100 million from its staked Ether reserves, while Galaxy adds $25 million and assumes the manager role. The fund will allocate capital across liquidity protocols and onchain yield strategies, marking a clear push to extract returns beyond standard staking. Galaxy CEO Mike Novogratz framed the structure as institutional-grade DeFi infrastructure, offering yield and risk controls that mirror traditional finance frameworks while keeping Ethereum exposure intact.　　Sharplink reported a first-quarter net loss of $685.6 million, or $3.25 per diluted share, with roughly $506.7 million tied to unrealized markdowns on its Ether holdings as prices retreated from January highs near $3,354 to $2,104 by quarter-end. Revenue, however, surged to $12.1 million from just $700,000 a year earlier, driven by staking income from its treasury operation. The Ethereum co-founder Joseph Lubin-chaired firm now holds more than 868,000 ETH and has accumulated roughly 18,800 ETH in cumulative staking rewards since launching its treasury strategy in June 2025, ending Q1 with $16.9 million in cash reserves.　　Crypto platform Krakens parent company Payward

05-12Ethereum

Ronin Ethereum migration goes live on May 12

Ronin Ethereum is migrating to a Layer 2 on May 12 with roughly 10 hours of scheduled downtime.Ronin will hard fork at block 55,577,490 on May 12, transitioning from an independent sidechain to an Ethereum Layer 2 on the OP Stack.All transfers, swaps, and smart contract interactions will pause for roughly 10 hours during the migration window.RON token inflation will drop from over 20% to below 1%, with 90 million RON redirected to the treasury as marketplace fees rise to 1.25%.　　Ronin, the gaming-focused blockchain behind Axie Infinity, is executing a hard fork on May 12 to complete its transition from an independent sidechain to an Ethereum Layer 2. The migration was announced in April and will trigger at block 55,577,490, expected around 15:16 UTC.　　All Ronin transactions will pause for roughly 10 hours during the migration window. That covers transfers, swaps, NFT trades, and smart contract interactions. Node operators on Ronin mainnet are required to upgrade to release 1.2.2 before the hard fork.　　What changes after the migration　　Ronin said the move is about plugging “back into the mothership.” The new structure will link the network directly to Ethereum for settlement and data availability, replacing the older nine-validator sidechain model with OP Stack

05-12Ethereum

Galaxy, Sharplink Launch $125M Institutional DeFi Fund Using ETH Treasury

Digital asset company Galaxy and Ethereum treasury platform Sharplink will launch a private fund that will invest Ether in decentralized finance (DeFi) strategies, signaling growing institutional interest in earning onchain yield from crypto holdings.　　The proposed fund, called the Galaxy Sharplink Onchain Yield Fund, is expected to launch in the coming weeks with $125 million in initial commitments, the companies said Monday.　　Sharplink plans to contribute $100 million from its staked Ether (ETH) treasury, while Galaxy will commit $25 million and serve as the funds manager.　　The fund will allocate capital to DeFi liquidity protocols and other onchain yield opportunities, with the goal of generating additional returns while allowing Sharplink to maintain its long-term exposure to Ether.　　Galaxy CEO Mike Novogratz said the structure reflects growing institutional demand for blockchain-based investment products that offer yield and risk management tools similar to those used in traditional finance.　　Sharplink is one of the largest corporate holders of Ether, with more than 868,000 ETH on its balance sheet. At October market highs, those holdings were valued at nearly $4 billion.　　Sharplink posts nearly $686 million Q1 loss as ETH price declines　　Sharplink has continued to expand its Ethereum treasury strategy despite a sharp first-quarter loss driven by Ethers price decline.　　The

05-12Ethereum

Ethereum Price Rejected Near $2,400 Again, Sellers Defend Key Barrier

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.　　From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.　　As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.　　In addition to his roles in finance

05-12Ethereum

Ethereum (ETH) Struggles at $2,400 After Foundation Withdraws $50M from Staking

Etheruem (ETH) Price　　Sellers drove the asset through the 50% Fibonacci retracement level spanning the rally from $2,265 to $2,382. While buyers emerged around the $2,300 mark, ETH continues trading below crucial short-term resistance thresholds.　　Should ETH maintain support above $2,300, traders should monitor resistance at $2,340, $2,365, and $2,380. Breaking above $2,380 could trigger a rally toward $2,400 and possibly the $2,440–$2,450 region.　　Conversely, losing the $2,300 support level would shift attention to $2,265. Further deterioration could expose $2,220 and $2,200 as subsequent support areas, with $2,150 representing a more significant support level.　　Foundation Withdraws $50M Worth of ETH from Staking　　Contributing to market discussions, the Ethereum Foundation initiated an unstaking process for roughly 21,271 ETH — valued at approximately $49.66 million — through Lido on May 11. The withdrawals occurred in multiple batches of about 811 wstETH, with each transfer worth close to $2.3 million.　　Why Is The Ethereum Foundation Unstaking $50M ETH？　　The Ethereum Foundation just unstaked 21,270 ETH from Lido. Our research team investigated the possible reasons behind the move, from growing DeFi security concerns to funding Ethereum development.　　Check it out below:　　— Arkham (@arkham) May 12, 2026　　Blockchain tracking data from Arkham Intelligence revealed the Foundation‘s ETH holdings decreased from near its 70,000 ETH

05-12Ethereum

Aave launches binding Arbitrum vote to move $71 million in disputed ETH

DeFi lender Aave and other stakeholders impacted by last months Kelp DAO hack have launched a binding Arbitrum governance vote to transfer $71 million in disputed ether into an Aave LLC-controlled address　　A Constitutional Arbitrum Improvement Proposal, or AIP, is the DAO‘s formal on-chain governance mechanism for approving binding protocol actions. This amended proposal implements Judge Margaret Garnett’s recent court order, which authorizes an on-chain Arbitrum DAO vote to transfer the frozen ETH from its current immobilized address to a wallet controlled by Aave LLC, provided that the restraining notice sought by North Korean terrorism judgment creditors is respected.　　If approved, the proposal would move 30,765 ETH from the wallet where Arbitrum‘s Security Council immobilized the funds to an Aave LLC-controlled address, as required by the court’s order. However, the assets would remain subject to strict legal restrictions and cannot be freely used, transferred, or deployed by Aave LLC unless permitted by the court.　　The legal fight over the frozen assets took an unusual turn after blockchain forensics firms widely attributed the exploit to North Koreas Lazarus Group. That attribution comes from blockchain analytics firms and external forensic research, and has not been established as a legal finding within either the Arbitrum governance

05-12Ethereum

Crypto Market News Today: BTC, ETH Consolidates, While H & B Prices Lead the Markets

The post Crypto Market News Today: BTC, ETH Consolidates, While H & B Prices Lead the Markets appeared first on Coinpedia Fintech News　　Crypto markets have remained largely range-bound over the past 24 hours, with Bitcoin and Ethereum consolidating near key levels. The global crypto market capitalization continues to hover around $2.7 trillion, while trading volume has slipped below $85 billion, signaling reduced market participation. Meanwhile, neutral market sentiment suggests traders remain in a wait-and-watch mode, often a precursor to a major price move.　　Crypto Markets in the Past 24 HoursBTC price remains stuck at around $81,230 with a negligible rise of 0.54%, while Ethereum price trades at $2,311 with a drop of 1%XRP sustains above $1.46 with over 0.62% jump, Solana price above $96.63, Tron at $0.34, Hyperliquid at $41.25, while Dogecoin holds above $0.11The top gainers for the day are BUILDon (B) and Humanity (H), which surged by more than 59.5% and 26%, respectively.The top losers for the day are Zcash and Jupiter, which plunged over 4% each, followed by Sky & Pump.fun with over 3% drop eachThe total liquidation is around $233.99M, which includes $124.47M long and $109.61M in shortsThe Bitcoin open interest has risen to $60B, while the

05-12Ethereum

Galaxy Digital Partners With Sharplink for $125M Ethereum Yield Strategy Fund

A new $125M investment vehicle focused on generating returns from Ethereum through DeFi protocols is being launched by Galaxy Digital and Sharplink.The capital structure includes $100M in staked ETH from Sharplink and a $25M commitment from Galaxy, which will oversee fund operations.Sharplink disclosed a first-quarter 2026 net loss totaling $685.6M, primarily attributed to unrealized depreciation of its Ethereum portfolio.Ethereums price declined from approximately $3,354 in mid-January to $2,104 by quarter-end in March, with a modest rebound to $2,339 subsequently.Galaxy Digital shares have surged 118.5% year-over-year, with Compass Point analysts increasing their target price to $41.　　Galaxy Digital and Sharplink have entered into a collaborative agreement to establish an investment fund designed to generate yield from Ethereum assets through decentralized finance mechanisms, despite Sharplink experiencing substantial quarterly losses linked to cryptocurrency market downturns.　　Sharplink and Galaxy Digital just launched a $125M on-chain yield fund backed by Sharplinks staked $ETH treasury.　　This comes the same day Sharplink reported a $686M Q1 loss, nearly all of it from unrealized ETH losses. pic.twitter.com/hPbWQBjAXr　　— Token Metrics (@tokenmetricsinc) May 11, 2026　　The partnership involves a non-binding agreement to create the Galaxy Sharplink Onchain Yield Fund, anticipated to commence operations within the next several weeks with $125 million in committed capital.

05-12Ethereum

Whales Just Bet $832 Million on the Ethereum Price Dip, Here’s Why

Ethereum (ETH) price has lost 3.6% since May 10, dipping significantly inside a falling channel that has held since April 17. Whales used the dip to load up on $832 million in ETH.　　Derivatives positioning shows the rally that preceded the breakdown was short-covering, not new longs piling in. That hands whales a low-leverage entry. The catch sits with long-term hodlers, who have cut accumulation by nearly 80% since late April.　　Whales Bought $832 Million as the Price Slid　　The Ethereum whale supply, excluding exchanges, tells a story the price chart misses. Whale wallets have steadily added ETH through the recent breakdown. The metric climbed from 124.69 million ETH to roughly 125.05 million across the period, an increase of 360,000 ETH.　　At an current ETH price, those 360,000 tokens carry a market value of about $832 million.　　ETH Whale Supply: Santiment　　The timing matters. The breakdown that started May 10 took ETH down 3.6% in two days. Whales added to their positions through that dip rather than reducing exposure. This kind of behavior usually signals confidence that the charts bearish pattern will not resolve to the downside. Whales rarely accumulate into a setup they expect to break lower.　　Price Drop: TradingView　　The bigger question is why they are

05-12Ethereum

Will the CLARITY Act Pass This Thursday? What We Know So Far

Eleanor Terrett said the CLARITY Act heads to the Senate Banking markup on Thursday.Democratic support remains uncertain, with ethics concerns tied to Trump family crypto holdings.Polymarket traders now give the CLARITY Act a 73% chance of becoming law in 2026.　　The CLARITY Act faces its next major test this Thursday as the Senate Banking Committee prepares to mark up the crypto market structure bill. Eleanor Terrett said last-minute preparations and objections are underway, with one question still hanging over the vote: “Will Democrats support it？”　　The bill can move out of committee with Republican support, but its path through the full Senate needs the Democrats support. That makes the current fight less about whether Thursdays markup can happen and more about whether ethics concerns tied to Trump family crypto holdings weaken bipartisan support before the floor stage.　　CLARITY Act Heads to Markup　　The Senate Banking Committee is scheduled to meet in executive session on May 14 to consider H.R.3633, the Digital Asset Market Clarity Act of 2025. The committee notice confirms that the bill is formally on the agenda for Thursday.　　Terrett said Senate Banking Chairman Tim Scott scheduled the markup for 10:30 a.m. ET. She also reported that the final legislative text was expected

05-12Industry

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