Running an Ethereum full node might soon get a lot lighter, thanks to a new &#8220;partial stateless&#8221; approach. As Ethereum (ETH) scales, Vitalik Buterin is looking for ways to make running a full node — which currently demands over 2…

Vitalik Buterin proposes partial stateless nodes to ease Ethereum full node burden

The Cardano Foundation is preparing to release an audit report on its treasury 
holdings after fresh allegations surfaced claiming misappropriation of roughly 
$600 million worth of ADA tokens.
Cardano founder Charles Hoskinson is facing renewed scrutiny from community 
members, including nonfungible token artist Masato Alexander, who alleged that 
Hoskinson manipulated the ledger using a &#8220;genesis key to rewrite the Cardano 
ledger and take control&#8221; of $619 million worth of Cardano (ADA) during the 
network&#8217;s 2021 Allegra hard fork.
_Source: Masato_ _Alexander_
 _**Related:**__**Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin 
for $300M**_
A secondary, &#8220;Move Instantneous Rewards&#8221; transaction dated Oct. 24, 2021, 
shows a transfer of over 318 million ADA tokens, which enabled the funds to 
flow from reserve pools into staking or treasury allocations.
_318 million ADA MIR transactions. Source: Cardanoscan_
However, ADA redemptions stayed open for another three years after the 
transaction, responded Hoskinson, adding that the &#8220;vast majority of that 350 
million ADA was redeemed by the original buyers,&#8221; a process that took a total 
of seven years.
_Charles Hoskinson. Source:__Cointelegraph_
&#8220;IOG never gave itself 350 million unclaimed ADA. This is a lie. The vast 
majority was claimed, and the remaining that was forfeited after seven years 
of waiting was donated to Intersect,&#8221; Hoskinson wrote in a May 6 X post.
_**Related:**__**Solana co-founder proposes meta chain to fix blockchain 
fragmentation**_
## Hoskinson &#8220;deeply hurt&#8221; by community reaction
Hoskinson confirmed that an audit report related to the hard fork is in 
progress, but added that he is &#8220;deeply hurt&#8221; by the community&#8217;s mistrust after 
the allegations.
&#8220;To not be given the benefit of the doubt here without strong evidence to the 
contrary means I don&#8217;t have the connection I thought with some people,&#8221; 
Hoskinson wrote in a May 18 X post, adding:
&gt; &#8220;After the audit report comes out, I&#8217;m going to likely turn my X account 
&gt; over to a media team and change the format of my AMAs and X spaces.&#8221;
Hoskinson, who was also one of the co-founders of Ethereum, is among the 
leading figures in blockchain development.
Speaking at Paris Blockchain Week 2025, Hoskinson emphasized the need for 
collaborative economics in the crypto industry to counter growing competition 
from traditional tech firms entering the blockchain space due to growing 
regulatory clarity.
_**Magazine:**__**Bitcoin eyes &#8216;crazy numbers,&#8217; JD Vance set for Bitcoin talk: 
Hodler&#8217;s Digest**_

Hoskinson promises audit, ‘deeply hurt’ by $600M Cardano treasury dispute

In a shocking move that has defused a brutal trade war and boosted 
international markets, the United States and China decided on May 12, to 
significantly reduce tariffs on each other&#8217;s goods for the first 90 days. This 
naturally sparked…

XAUUSD weekly forecast: price looking to retrace to $3300 and beyond

Bitcoin saw a classic weekend pump-and-dump, with price now sitting at a 
critical support level. Despite the drop, the market structure remains bullish 
and poised for another breakout. Bitcoin (BTC) opened the week with a sharp 
retracement after an unsustainable…

Crypto bull run intact despite weekend volatility in Bitcoin

Strategy, formerly MicroStrategy, and the top corporate Bitcoin holder, 
acquired nearly $765 million of Bitcoin last week. The purchase comes as the 
company faces a class-action lawsuit.
According to a May 19 announcement, Strategy acquired 7,390 BTC for about 
$764.9 million at an average price just under $103,500. Strategy reported a 
Bitcoin yield of 16.3% year-to-date.
As of May 18, Strategy holds 576,230 BTC acquired for around $40.18 billion at 
an average price of $69,726 per coin. At current prices, the company&#8217;s total 
holdings are valued at more than $59.2 billion, representing an unrealized 
gain of $19.2 billion, or 47%.
According to CoinMarketCap data, Bitcoin traded at around $102,615 at the time 
of writing, up 20.3% over the last month.
_Bitcoin&#8217;s price chart. Source:__CoinMarketCap_
 _**Related: **__**Jim Chanos takes opposing bets on Bitcoin and Strategy**_
## Strategy hit with a lawsuit
According to a May 19 filing with the US Securities and Exchange Commission, 
&#8220;a purported class action lawsuit was filed in the US District Court for the 
Eastern District of Virginia against&#8221; the company&#8217;s executives, including 
executive chairman Michael Saylor, its president and CEO Phong Le and 
executive vice president and chief financial officer Andrew Kang.
Strategy officials are accused of &#8220;violations of Section 10(b) of the 
Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and Rule 
10b-5 thereunder, and Section 20(a) of the Exchange Act.&#8221; The filing states:
&gt; &#8220;The [suit claims] that the named defendants made false and/or misleading 
&gt; statements with respect to and/or failed to disclose information with 
&gt; respect to the anticipated profitability of our Bitcoin-focused investment 
&gt; strategy and treasury operations, and the various risks associated with 
&gt; bitcoin&#8217;s volatility.&#8221;
_**Related: **__**Strategy will beat all public equities with Bitcoin, 
analyst says**_
## Strategy keeps inspiring others
Strategy&#8217;s Bitcoin treasury strategy has inspired multiple other companies to 
follow in its footsteps. Last week, shares of luxury watchmaker Top Win surged 
more than 60% in premarket trading after the company said it would adopt a 
Bitcoin accumulation strategy and had changed its name to AsiaStrategy.
AsiaStrategy said it is partnering with Sora Ventures to implement its plan, 
the firm that notably partnered with Metaplanet in 2024 to create Japan&#8217;s 
first corporate Bitcoin treasury. Also last week, a Bahrain-based listed 
catering company with a $24.2 million market cap adopted a Bitcoin treasury 
strategy in partnership with investment firm 10X Capital.
_**Magazine: **__**Rise of MicroStrategy clones, Asia dominates crypto 
adoption: Asia Express 2024 review**_

Strategy buys 7,390 BTC for $765M, gets hit with class-action lawsuit

Most people on crypto X are familiar with the &#8220;Never sell your Bitcoin&#8221; maxim. 
However, on May 13, one of the prominent Bitcoin influencers, trader and 
investor Willy Woo, admitted he is selling his holdings to invest in Bitcoin 
infrastructure…