Ethereum's Trillion Dollar Security

PLUS: G Token Launches and Solana outpaces chains

📬 Today’s Byte

• Ethereum prepares to secure trillions on-chain

• Thailand launches G-Token 

• Solana outpaces every chain in revenue 

Ethereum prepares to secure trillions on-chain

The Ethereum Foundation just launched its most ambitious security push yet — and it’s not about spending big. It’s about preparing the network for a future where everyday users, institutions, and smart contracts could be holding trillions of dollars on-chain.

It’s called the “Trillion Dollar Security Initiative.” The idea? If Ethereum is going to power the next era of digital finance, it needs to be secure enough to earn that trust — not just for whales and devs, but for the average person too.

That’s a tall order, considering Ethereum has seen more on-chain hacks than any other chain — over $5.3B in losses to everything from smart contract exploits to bridge failures and wallet phishing.

What the initiative covers:

  • Led by Fredrik Svantes and Josh Stark, with help from community stewards across the ecosystem

  • Will map security risks across everything: wallets, frontends, L1/L2 bridges, cloud infra, even DNS

  • Launches with an open call for feedback — devs and users can now report security threats directly

  • The goal is simple: build standards that make Ethereum trustworthy enough to hold trillions

The Foundation isn’t saying Ethereum has $1T flowing through it yet. But they’re serious about making sure the network is strong enough when that day comes.

The takeaway: Ethereum’s not just scaling for speed — it’s scaling for safety. This isn’t about patching the next exploit — it’s about earning long-term confidence on a trillion-dollar scale.

📜 Regulation Watch: 

Thailand just made its biggest crypto move yet — unveiling a $150 million government-backed investment token called G-Token.

The new token will be offered to the public in the coming months as part of the country’s budget borrowing plan. It’s not a debt instrument, but an investment token that promises better returns than a savings account — and yes, it’s fully compliant with the Bank of Thailand’s rules.

Finance Minister Pichai Chunhavajira says the token is designed to test public interest in digital finance, letting everyday investors participate with relatively small amounts — and potentially earn more than the 1.25–1.5% offered by Thai banks right now.

Why it’s a big deal:

  • $150M token issuance backed by the Thai government

  • Meant to offer better yields than local deposit rates

  • Could set the stage for more digital public finance tools

  • Follows calls to explore government-backed stablecoins for retail and institutional use

Thailand is clearly taking crypto more seriously — and it’s not the only one. Across Asia, countries like Singapore, Hong Kong, and Japan are stepping up with clearer regulations and more innovation-friendly policies. Some, like Hong Kong, are even talking about Bitcoin reserves.

The takeaway: With G-Token, Thailand isn’t just testing the waters — it’s joining a growing list of Asian nations that see crypto as infrastructure, not just speculation.

📊 Market Watch: 

Solana just pulled off a milestone few saw coming — generating more 24-hour network revenue than all other L1 and L2 chains combined.

On May 13, Solana raked in over $7.9M in revenue, more than 3x Ethereum’s $2.5M and 11x Bitcoin’s $648K. Its weekly dApp revenue? Over $50M, giving Solana a dominant 51.6% market share — compared to Ethereum’s 14.2%.

That momentum came alongside $1.6B in weekly dApp volume, 138 million transactions, and meme coin mania pushing Solana’s meme cap over $14B.

Behind the numbers:

  • Solana hit $184.86 this week before dipping back to ~$173

  • NASDAQ-listed DeFi Development bought 172K SOL (~$24M), pushing its holdings near $100M

  • Open interest is up, hitting $6.92B — the highest since January

  • 11M+ wallets now hold at least 0.1 SOL, per analyst Ali Martinez

But not all headlines were green. The U.S. SEC delayed its decision on Grayscale’s proposed Solana spot ETF, pushing the next review to October 2025. Still, Polymarket odds show an 82% chance the ETF is approved this year — a sign that institutional appetite for Solana is rising.

The takeaway: Even without ETF clarity, Solana is printing volume, revenue, and real user growth. The chain’s breakout is no longer just hype — it’s on-chain.

Market-moving headlines 🔥

US President Donald Trump, while speaking publicly on Thursday, said he directly confronted Apple CEO Tim Cook over the company’s growing operations in India, calling out what he sees as a failure to prioritize American manufacturing.

Qatar is handing over a $400 million Boeing 747 to the US government for Trump’s presidential fleet, and the deal isn’t part of some arms contract or business arrangement.

Now the Qatari government says it won’t be getting anything in return. It’s just a gift.

Kazakhstan has collected almost $35 million in tax from companies mining cryptocurrencies in the country in just three years, a high-ranking government representative announced.

AI-powered humanoids are set to become a game-changer in the manufacturing industry in China led by companies like AgiBot, Unitree and Casbot, as they are taught to handle mundane and repetitive tasks.

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