Wu said that Vitalik Buterin said that the Ethereum community should maintain a more open and bold thinking at the application layer while adhering to the core attributes of L1, including censorship resistance, open source, privacy, and security (CROPS). He believes that AI may change the form of applications such as wallets, and the Ethereum ecosystem also needs to rethink the privacy architecture, DeFi form, and the role of L2, and encourages developers to redesign the application layer ecosystem with a "scratch" mindset.

TD Cowen reports that more crypto companies are expected to receive approval from the Fed's master account this year, following Kraken's approval to access the Fed's core payment system. Jaret Seiberg, managing director of TD Cowen's Washington research group, said such approvals were "inevitable" against the backdrop of President Trump's support for the crypto industry, with more announcements expected in the coming months. Kraken Financial, a Wyoming special purpose depository institution (Tier 3 category), was approved by the Kansas City Fed in March for a one-year limited master account with undisclosed restrictions and conditions; Credit facilities (such as overdraft or discount windows) are not included, and interest on reserves is not earned. Seiberg noted that this approval was completed before the Fed's board finalized the "streamlined master account" framework, indicating that the Kansas City Fed has completed the full Kraken review. Banks are expected to continue to oppose and potentially file lawsuits, but TD Cowen believes banks lack the ability to block such approvals. （The Block）

PEI, the owner of clothing brand Penguin, has accused NFT project Pudgy Penguins' retail products of infringing on its trademark rights. It is reported that the Penguin clothing brand was founded in 1955, and PEI said in the lawsuit that Pudgy Penguins received a cease and desist letter in October 2023, but the NFT project ignored the warning. Pudgy Penguins is a well-known NFT collectibles project that has expanded its operations into physical retail products in recent years. （The Block ）