hucker🎩

@hucker

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In a saturated field of L1s, differentiation often comes down to more than just throughput or transaction costs — it's about vision, architecture, and execution. Sui has emerged as a contender not merely by offering another high-speed chain, but by building an integrated, modular ecosystem aimed at reimagining how apps are built and deployed in a decentralized world. From DeFi to gaming, from institutional infrastructure to social primitives, Sui is quietly assembling the scaffolding for a fully onchain internet — one where the chain is just the beginning. Let's dig into the momentum we're already seeing and the next wave of catalysts we're tracking.👇

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2️⃣ DOJ Won't Drop Tornado Cash Case According to a memo penned by the U.S. Attorney for the Southern District of New York, former SEC Chair Jay Clayton, the Department of Justice will proceed with its case against Tornado Cash developer Roman Storm. This development comes despite an April release from the agency that it would pull back on regulatory charges involving digital assets, unless there is evidence that the defendant “willfully” violated licensing or registration requirements. While charges against Storm for failure to comply with money transmitting business registration requirements have been abandoned, the original November indictment remains largely intact. Prosecutors are intent on trying the embattled crypto developer for conspiracy to commit money laundering, transmission of funds derived from criminal activity, and criminal sanctions violations.

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2️⃣ DOJ Won't Drop Tornado Cash Case According to a memo penned by the U.S. Attorney for the Southern District of New York, former SEC Chair Jay Clayton, the Department of Justice will proceed with its case against Tornado Cash developer Roman Storm. This development comes despite an April release from the agency that it would pull back on regulatory charges involving digital assets, unless there is evidence that the defendant “willfully” violated licensing or registration requirements. While charges against Storm for failure to comply with money transmitting business registration requirements have been abandoned, the original November indictment remains largely intact. Prosecutors are intent on trying the embattled crypto developer for conspiracy to commit money laundering, transmission of funds derived from criminal activity, and criminal sanctions violations.

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1️⃣ Coinbase’s Chaotic Week Coinbase yet again dominated crypto news headlines this week. After the U.S. stock market close on Monday, S&P Global announced that Coinbase (COIN) would replace Discover Financial Services (DFS) in its S&P 500 index, effective May 19. COIN’s inclusion in the capitalization-weighted index should trigger $9B of passive inflows, sending the stock soaring with 25% gains during Tuesday’s trading session. On Thursday, the company’s fortunes deteriorated, with its stock selling off as much as 8.4% amid a concerning leak of the personal info of a large swath of customers including ID cards, contact info, and transaction histories. While the company said the total leak amounted to less than 1% of total customers, that's still a hell of a leak. Amid all of that ruckus, news also emerged of a long-standing SEC inquiry into alleged misstated user metrics in its 2021 IPO filing. Despite the chaotic developments, Coinbase did end up recuperating the entirety of its Thursday

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Stablecoins have been slowly building to become the largest use case in crypto. It has felt like slow progress, but things are accelerating and it feels as though we’re at the “all at once” moment. This past month has made that clearer than ever. Stripe and Meta, two of the biggest tech companies on the planet, are in the stablecoin game. Transaction volume has officially surpassed Visa. And despite political headwinds, regulation is now a matter of when, not if.

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Have you played Duels App yet 🖼️ ⚔️? Check out this epic art battle I just bet on. You can earn $USDC if you win! I picked these artists to win: @uyo66 @richarmstrong @rogerhaus @erikx

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The market stopped pricing ETH as a crypto-money, and started pricing it as a tech-stock with a discounted cash flow (DCF) model. This is not good, since no L1 crypto-asset looks good under a DCF model. ETH stopped looking cheap compared to Bitcoin, and started looking overvalued compared to other L1 smart contract ecosystems with higher growth rates in their ecosystems. Ethereum went from being uniquely dominant in its category, to being viewed as sharing the same category as a number of other smaller, faster, more centralized competitors. The difference between Ethereum holding 90% versus 60% market dominance is a huge difference. The former is a global internet currency, while the latter is a tech platform.

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I just made the score of 3188 on the Monad 2048 MiniApp!. Can you break it?

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Good morning, GMonchain! 🌀✨ Let’s start the day with positive vibes!

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I'm spinning and winning on MonadSpin! the first monad miniapp on farcaster 🎉 Join me and get your spins too! #Monad #Farcaster #Gmonchain #MonadSpin

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Ethereum’s great realignment is underway. Maslow’s Hierarchy of Blockchain Development is being restored, this time with the correct order of operations. Ethereum has some incredible assets on its balance sheet - it’s now (imo) in the hands of Tomasz to wire this feedback loop back together, so the strength of Ethereum’s assets - its developers, apps, users, and rollup ecosystem - will once again feedback into each other, and the crescendo of that signal emerging as the increased price of ETH.

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4️⃣ Superstate Onchain Equities On Thursday, tokenized fund issuer Superstate released Opening Bell, a platform that enables companies to issue publicly registered equities directly onto blockchain networks like Solana and Ethereum. The program’s first issuer will be SOL Strategies, a Canadian-registered Solana investment vehicle that trades under the ticker HODL. Opening Bell provides public companies access to onchain capital markets. Meanwhile, private firms face lower listing standards and receive the chance to make shares available in crypto markets, with available paths to up-list on traditional exchanges. That same day, SEC Commissioner Hester Peirce posted that she is considering potential exemptions from registration that would allow firms to use distributed ledger technology to issue, trade, and settle securities.

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3️⃣ Big Tech’s Stablecoin Expansion Multiple high-profile technology companies announced their intentions to venture onchain with expansions into stablecoins this week. Internet payments processor Stripe announced Wednesday it now supports stablecoins in its checkout suite, with intentions to further support stablecoins by allowing users in 101 countries to hold, send, and receive funds via fiat and stablecoin rails via “Stablecoin Financial Accounts.” Bridge – the stablecoin API provider that Stripe acquired for $1.1B in February – introduced its own yield-bearing USDB stablecoin on Thursday, meanwhile, Latin American payments provider Ramp launched a stablecoin-backed card in partnership with Stripe. Not one to miss out on the Stripe-fueled stablecoin hype train, Mark Zuckerberg’s Meta is reportedly mulling re-entering the stablecoin sector by using digital currencies for creator payouts three years after it shuttered the Diem digital currency project.

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2️⃣ Coinbase Acquires Deribit Leading American crypto exchange Coinbase announced on Thursday that it will acquire Deribit – the undisputed global leader in crypto options – for $2.9B ($700M cash and 11M shares of COIN). The acquisition marks the largest deal that the crypto industry has ever seen and should enable Coinbase to expand on its derivatives offerings for international and advanced traders. Later that day, Coinbase released earnings results for the first quarter of 2025. Revenues came in relatively strong at $2.03B (only 2% below analyst expectations, but its headline earnings result of $0.24 per share represented an 88% miss. This shortfall was largely driven by a 51% year-over-year increase in operating expenses and sizable $596M loss on company crypto holdings in Q1 (these losses may be recuperated in Q2 with increasing crypto prices). Coinbase also unveiled early Friday that U.S. traders can now access 24/7 Bitcoin and Ether futures trading – a first for a CFTC-regulated exchange

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1️⃣ ETH Bounces Back to Life Crypto prices bounced this week as the market seemingly looked to price in easing trade war tensions, with no landmines perceived in the Federal Reserve’s interest rate decision or this week’s economic data releases. Among the biggest winners of the price action was beleaguered ETH, which rallied 22% on Thursday to break above $2k for the first time since late March and posted its largest daily gain since 2021. Correspondingly, the ETH/BTC ratio popped as much as 30% off its Thursday lows, representing Ether’s best period of outperformance since mid-2022 in the months ahead of the Merge. With ETH sentiment having spent much of 2025 finding newer lows on a weekly basis, signal of a priority shift from the Ethereum Foundation has given traders hope that something is happening. This week's market action is a very positive blip on a years-long ETH/BTC decline but traders hope that it is the start of something more transformative.

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One of my favorite indie developers in the Ethereum ecosystem is Ross, a.k.a. z0r0zzz. He's got a long track record of pushing Ethereum forward from the ground up. His early work on SushiSwap’s BentoBox was a boon for DeFi, and his more recent efforts with onchain agents (NANI) and onchain legal-tech (KALI) are one-of-a-kind in quality. His newest vision is even more ambitious, involving scaling Ethereum not at the network level, but at the app level. Most Ethereum scaling discourse these days centers around two pillars: how best to scale the L1 as a base layer, and how dominant should L2 rollups be in the Ethereum economy.

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Crypto thrives on chaos, and in April, five altcoins stole the spotlight with price swings that were anything but subtle. From AI-fueled agent economies to penguin-powered memetic machines and scandal-scarred blockchains, the markets didn’t sleep – and neither should you! Whether you’re hunting the next moonshot or dodging the next rug, these five tokens that defined April are worth paying attention to in the month ahead. Today we’re diving into the biggest winners, the hardest losers, and the wild catalysts behind April’s most explosive altcoin stories. 👇

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After months of delays, bug fixes, and testnet reruns, the long-awaited Pectra upgrade is finally here. Originally slated for late 2024, Pectra brings a sweeping set of changes focused on improving Ethereum’s staking experience, upgrading account functionality, and refining the network’s core performance. It didn’t come easy. Developers worked through a series of critical bugs during the first two testnet upgrades, forcing the creation of a third testnet to fully resolve the issues. That final delay pushed the mainnet upgrade to today, far later than the initial target date. But now, it’s happening. And with 11 major EIPs packed in, Pectra marks Ethereum’s most significant code change since The Merge. Below, we’ve explained each included EIP in digestible terms and how you’ll feel their impact onchain. 👇

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What happens when the world’s biggest tech monopoly gets dragged into a courtroom by one of gaming’s most powerful studios – and loses? The answer might very well change mobile development forever… After nearly five years of legal warfare, Epic Games has forced Apple to rewrite the App Store rulebook. Besides presenting a massive opportunity for crypto, this moment represents a turning point for developers long constrained by Apple’s walled garden: the freedom to monetize on their own terms. Today, we’re unpacking Epic’s multi-year legal battle and examining its profound implications for mobile app developers. 👇

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Off the back of the Ethereum Foundation’s recent announcements about scaling the L1, Vitalik published a post on Friday titled “Simplifying the L1,” laying out how Ethereum can streamline and harden its base layer for the long haul. To Vitalik, scalability isn’t enough — Ethereum must also stay understandable, maintainable, and secure if it’s to become “the platform that stores civilization's assets and records.” He argues it’s time to strip away bloat, rethink core systems, and replace the EVM with something simpler. The goal: an Ethereum nearly as simple as Bitcoin within five years.

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