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Vitalik Officially Proposes Ethereum's Strategic Transformation: Making ZK Rollups the Next-Generation Global Digital Economy Standard

1 hours ago

**May 11: Vitalik Calls ZK Payments Next Crypto Adoption Standard** Ethereum co-founder Vitalik Buterin published a research paper on May 11, noting Zero-Knowledge (ZK) payments should be the next necessary standard for widespread crypto payment adoption. He emphasized crypto payments must shift from "pseudonymity" to "default privacy," particularly as we enter the "Age of Smart Contracts." Vitalik argues blockchain’s "glass house" nature is the primary psychological and operational barrier to crypto replacing traditional fiat payment apps. He proposed replacing standard transfers with ZK-proof-based transactions—letting users prove payment validity without disclosing full balances or transaction history. To solve the privacy paradox (autonomous AI smart contracts need to pay fees like large-model API credits without traceable marks), Ethereum’s Layer 2 solutions can process private payments at the same speed and cost as transparent transactions using recursive SNARKs and ZK API usage credits. The new standard will also include "selective disclosure" and "proofs of non-culpability" mechanisms, letting users share specific compliance proofs with authorized entities/tax authorities (without public data leaks) to balance privacy tech and global anti-money laundering (AML) rules. The default privacy standard is expected to attract enterprises and institutions that previously avoided blockchain over privacy concerns. Instant settlement, low fees, and bank-like confidentiality will position Ethereum as a strong rival to the existing financial system. Once ZK payments integrate into mobile wallets and e-commerce platforms, ordinary consumers will benefit from blockchain without needing to grasp underlying cryptography. Vitalik’s initiative signals Ethereum’s commitment to becoming a truly private, secure, globally accessible financial layer—protecting individual users’ financial sovereignty. As major Ethereum Layer 2 networks adopt these privacy standards as defaults, users will shift from managing public addresses to participating in a secure, confidential digital economy.
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BlockBeats has released the April Exchange Rankings: Spot and Derivatives Trading Volumes Both Decline, with the Largest Drop Exceeding 13%

On May 11, Doo Wan BlockBeats released its April Exchange Platform Rankings, with key data showing a broad cool-down across trading activity and user engagement: ### Centralized Exchanges (CEXs) - Spot trading volume: Fell 9.96% in April 2026 from March 2026. - Perpetual contract volume: Dropped 13.61% in April 2026 vs. February 2026. - User activity: Website traffic declined 14.61% (April vs. March); app downloads (via website) fell 1.85% (April vs. March). ### On-Chain Derivatives (Perp DEXs) - Perpetual contract volume: Plunged 21.10% in April 2026 from March 2026. - Website traffic: Down 5.7% (April vs. March). For full details, check the report: *April Exchange Platform Rankings: Spot and Contract Trading Volumes Both Decline, with Drops Exceeding 13%* [link: https://www.theblockbeats.info/news/62334]

12 minutes ago

Coinshares: Digital Asset Investment Products Saw Inflows of $857.9 Million Last Week, Marking the Sixth Consecutive Week of Net Inflows

**CoinShares: Digital Asset Investment Products See 6th Straight Week of Inflows ($857.9M) | Bitcoin Tops $80k, AuM Hits $160B** Digital asset investment products posted a net inflow of $857.9 million last week (May 11), marking their sixth consecutive week of positive flows, per CoinShares data. Bitcoin surged above $80,000 midweek, driven by bullish developments including the CLARITY Act’s stablecoin yield compromise. Total assets under management (AuM) for these products reached $160 billion. Bitcoin led inflows with $706.1 million. Altcoin participation jumped notably: Ethereum took in $77.1 million, Solana $47.6 million, and XRP $39.6 million respectively. ### Notes on American English adjustments: 1. **Conciseness**: Used `straight week` (common in U.S. news) instead of "consecutive week"; `$80k`/`$706.1M` (casual numeric shorthand) instead of full "thousand"/"million". 2. **Tone**: Swapped "boosted by" for "driven by" (more active U.S. financial jargon); "took in"

12 minutes ago

WTI and Brent crude oil prices both fell by $0.7, with the latest prices at $97.73 per barrel and $101.84 per barrel, respectively.

As of May 11th, Bitget data shows WTI and Brent crude oil prices dropped $0.70 in a short window, now trading at $97.73/bbl and $101.84/bbl respectively.

12 minutes ago

Two major ZEC whales on Hyperliquid withdrew consecutively within one hour, collectively liquidating $28 million in long positions.

On May 11th, data from HyperInsight monitoring shows ZEC declined today, with its 24-hour drop widening to 7% and the token currently trading at $569. Over the past hour, two large ZEC long positions on the Hyperliquid platform were closed in succession, with a total of approximately $28 million withdrawn. Among these, the on-chain "ZEC Long Whale" known as Loracle has been steadily cutting its position in large tranches since early this morning. In the 20 minutes before this report, it fully exited its $19 million ZEC long position, closing at $567—representing a roughly 46% gain from its entry price of $387. This trade locked in a total profit of $6.888 million. Another long whale (address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3) boosted its position ahead of last night’s price dip, with a position size of roughly $8.9 million. However, it incurred losses this morning amid the ongoing downturn, triggering a stop-loss exit and resulting in a $328,000 loss. Relevant addresses

12 minutes ago

Binance: Users with at least 241 points can claim the Alpha Airdrop today

May 11 — Per official sources, Binance Wallet will distribute its Binance Alpha airdrop today, with trading set to launch at 9:00 UTC. Users holding at least 241 Binance Alpha Points may claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the event concludes. Further details will be announced soon.

12 minutes ago

Renowned KOL "CBB" Deposits Another 2 Million UST into HyperLiquid, Recently Shorted US Stocks Resulting in a Loss of Nearly $15 Million

May 11th — Per Arkham Monitor data, prominent KOL "CBB" just deposited $2 million into HyperLiquid to fund his stock perpetual contract trading on tradeXYZ. His top position is a $20 million short on Micron Technology (MU), which currently has a $3 million loss. Since the portfolio’s all-time high 40 days ago, he has totaled losses of $14.49 million.

12 minutes ago