The Ethereum Foundation has launched the “Trillion Dollar Security Initiative” to address legacy security challenges and support safer onchain development. This program will focus on improving user experience, wallet security, smart contracts, and infrastructure. Key leaders from the Ethereum ecosystem, including samczsun and Josh Stark, will guide the effort. With nearly $80 billion in total value locked, Ethereum remains the leader in DeFi, and this initiative aims to maintain that dominance.
Meanwhile, Bitcoin mining firm Bitfarms posted a $36 million Q1 net loss as it pivots toward high-performance computing and AI. The move reflects a broader trend among miners adjusting to reduced profits post-halving and seizing growth opportunities in the booming AI sector.
