#erc-7730 - the daily grind

BREAKING

May 12Senate Drops 309-Page Crypto Law at Midnight — Democrats Are Blocking It to Stop Trump From Cashing Out●May 12Blind Signing Has Drained Crypto of Billions. Ethereum Just Launched the Kill Switch.●May 11For 18 Months, Any Miner Could Have Crashed Bitcoin's Network. 43% of Nodes Still Haven't Patched.●May 11Circle Built a Blockchain Where Gas Fees Cost Dollars — BlackRock & a16z Just Paid $222M to Get In●May 10Wall Street Built a VIX for Bitcoin — And It Goes Live June 1●May 10Congress Banned Stablecoin Yield. BlackRock Just Filed Two Funds That Give It Back.●May 9In 48 Hours, Kraken Dropped $600M and Applied to Become a Federal Bank●May 9Tether Froze $515 Million in USDT Last Month — Using a Kill Switch You Didn't Know Existed●May 8Oil Crossed $100 Last Night and Crypto Just Lost $300 Million●May 8The Hottest Job in Crypto Didn't Exist a Year Ago: Meet the AI Agent Manager●May 12Senate Drops 309-Page Crypto Law at Midnight — Democrats Are Blocking It to Stop Trump From Cashing Out●May 12Blind Signing Has Drained Crypto of Billions. Ethereum Just Launched the Kill Switch.●May 11For 18 Months, Any Miner Could Have Crashed Bitcoin's Network. 43% of Nodes Still Haven't Patched.●May 11Circle Built a Blockchain Where Gas Fees Cost Dollars — BlackRock & a16z Just Paid $222M to Get In●May 10Wall Street Built a VIX for Bitcoin — And It Goes Live June 1●May 10Congress Banned Stablecoin Yield. BlackRock Just Filed Two Funds That Give It Back.●May 9In 48 Hours, Kraken Dropped $600M and Applied to Become a Federal Bank●May 9Tether Froze $515 Million in USDT Last Month — Using a Kill Switch You Didn't Know Existed●May 8Oil Crossed $100 Last Night and Crypto Just Lost $300 Million●May 8The Hottest Job in Crypto Didn't Exist a Year Ago: Meet the AI Agent Manager●

BTC -- --%

ETH -- --%

Fear & Greed F&G 49 Neutral

#erc-7730

1 post

Blind Signing Has Drained Crypto of Billions. Ethereum Just Launched the Kill Switch.

May 12, 2026 · 4 min read

The Ethereum Foundation, Ledger, MetaMask, Trezor, Fireblocks and WalletConnect just launched Clear Signing — an open standard that replaces the hex garbage users blindly approve with human-readable transaction descriptions. Bybit's $1.5B hack started with a blind signing. So did most of yours.