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Vitalik: Storing the Merkle Root On-Chain Still Requires Storing and Updating the Data That Proofs Depend On

1 hours ago

On May 18, Ethereum co-founder Vitalik Buterin weighed in on Ethereum’s state storage challenge. He explained that even though users store raw data themselves, the blockchain only retains hashes of that data, and transactions include only proofs—but the data required to verify those proofs still needs to be stored and updated, eventually growing nearly as large as the blockchain’s full state. Buterin noted there are solutions to the issue, though they require multiple components and come with significant tradeoffs compared to Ethereum’s current setup. Earlier, DeFi content creator marilyn100x.eth highlighted Ethereum’s state storage problem, pointing out that developers pay a one-time upfront fee to write data, while nodes bear the long-term costs of storing that data. Proposed EIP-8037 is not a time-weighted rent or continuous fee model; instead, it would sharply increase initial gas fees for new contracts, accounts, and storage slots to curb state growth during the network’s scaling process.
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Bithumb will list AIGENSYN KRW trading pair

News Flash: Per an official announcement released on May 18, Bithumb will list the AIGENSYN/KRW trading pair, with trading set to launch at 4:00 PM local time on Monday, May 18, 2026.

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The current market trading activity is much lower compared to the last bear market, with fears of the market bottom being around $30,000.

May 18: Analyst Yu Jin notes current market trading enthusiasm is far lower than it was at the trough of the last bear market in December 2022. BTC: During the prior cycle’s bottom, Binance’s BTC/USDT pair averaged $20 billion in daily trading volume; today, that figure sits at only around $5 billion. Based on the retracement levels from the last bear market, the estimated bottom of this current cycle for Bitcoin is roughly $31,000. ETH: At the last cycle’s low point, ETH/USDT’s average daily trading volume was about $4 billion, while it’s now closer to $2 billion. BNB: Back at the prior cycle’s bottom, BNB/USDT’s average daily volume reached ~$50 million—nearly identical to its current level. A critical observation: Bitcoin’s current price is far higher than it was at the last bear market’s bottom. When measured in Bitcoin terms, the market’s trading enthusiasm appears even more pessimistic. BlockBeats points out that while crypto bear markets are torturous, two main factors driv

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South Korea's KOSPI Index Reverses Gain, Erasing Morning's 4.68% Decline

May 18 – Yonhap News Agency reports: A South Korean court has partially granted Samsung Electronics’ request for an injunction against the union’s planned strike. This development caused South Korea’s KOSPI index to reverse earlier losses, wiping out a 4.68% drop seen in morning trading.

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Iran Launches Digital Insurance for Hormuz Strait Navigation Security, Settled in Bitcoin and Other Cryptocurrencies

May 18 – Iran has launched Hormuz Safe, a state-run digital marine insurance platform that issues maritime policies for vessels transiting the Persian Gulf and Strait of Hormuz and settles premium payments via Bitcoin and other cryptocurrencies. According to reports, the platform is backed by Iran’s Ministry of Economy, with the explicit goal of bypassing SWIFT and Western financial intermediaries to cut reliance on traditional global financial systems. Supporters within the Iranian government project that if Hormuz Safe gains a meaningful share of the Persian Gulf maritime insurance market, its revenue could top $10 billion. That said, the platform faces major hurdles: it lacks formal international recognition, carries risks of U.S. secondary sanctions, and its initial client base is expected to be limited to vessels already operating in the sanctioned shipping gray area.

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Trump Social Media Posts AI-Generated “Photo with Aliens”

May 18, U.S. President Trump posted an AI-generated photo depicting him alongside an alien on the Truth Social platform this morning.

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A whale recently sold $35.73 million worth of WBTC over the past 3 days, still holding over $100 million in ETH and WBTC on-chain

On May 18, on-chain analyst Ai (@ai_9684xtpa) reported that address 0xB4d…B186a has once again sold $15.46 million worth of Wrapped Bitcoin (WBTC). Over the past three days, this wallet has offloaded a total of $35.73 million in WBTC. This address frequently transacts with blockchain builder Titan Builder, and currently holds $125 million in total assets—95% of which are in Ethereum (ETH) and WBTC—indicating a potential for further selling activity.

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