Crypto News

• Ethereum $ETH to launch Pectra upgrade on May 7th; introduces EIP-7702, several improvements to validator UX, a doubling of the blob count, and more.

• DeFi Development Corp $JNVR files to offer up to $1B shelf offering with US SEC; proceeds to be used to buy additional Solana $SOL.

• PumpFun deposits 117,913 Solana $SOL worth ~$17.9M into Kraken; PumpFun has deposited a total of 1,936,802 SOL worth $293M into Kraken in 2025.

• CME Group to launch $XRP futures trading on May 19th; contracts will come in two sizes: 2,500 XRP & 50,000 XRP.

• ⭐️ Coinbase $COIN partners with PayPal $PYPL; to support 1:1 PayPal USD $PYUSD-USD conversions.

• Securitize launches Mantle $MNT Index Four (MI4) Fund; backed by a $400M anchor investment from Mantle Treasury.

• Gitcoin to wind down Grants Lab, the primary software development unit behind Gitcoin and parts ways with several team members; cites no sustainable path to profitability.