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25 May 2026, 04:58

Sei’s EVM-Only Bet: Why Cutting Cosmos Support Could Make or Break SEI

One repo update, one sentence in a roadmap, and a whole developer base starts weighing painful choices: rewrite, migrate, or sunset. That’s the mood when an appchain signals it could go EVM-only. Sei, a Cosmos-born chain that marketed itself around speed and trading, has floated an EVM-first future with ambitions of parallelizing Ethereum smart contracts. The loud question is whether this means cutting Cosmos smart contract support—and if so, what that would unlock or break. For teams shipping today, the implications are immediate: contracts to port, wallets to reconfigure, liquidity to shepherd, and a community to reassure. The Big Picture Across crypto, gravity pulls toward the EVM. Tooling, liquidity, and developer mindshare still concentrate around Ethereum-compatible environments, from mainnet to the major L2s. Cosmos brought modularity, sovereignty, and IBC—yet many sovereign chains now face a strategic fork: interoperate with EVM natively or risk a thinner builder and user pipeline. The strategic bet: trade Cosmos-native flexibility for EVM network effects, chasing a bigger addressable market—even if it alienates part of the original base. Why now? Because L2s have raised the bar on speed and UX, and builders expect EVM tooling out of the box. Who’s affected? CosmWasm developers on Sei, validators and indexers maintaining infra, bridge providers, market makers, and users who rely on IBC-linked liquidity. From Cosmos-born to EVM-native: how we got here Sei launched as a Cosmos SDK chain with fast finality and a trading-first narrative. Over time, the team introduced performance features and signaled a stronger EVM roadmap—pitching an EVM implementation that aims to run contracts in parallel while keeping low-latency confirmation. In practical terms, the pitch is simple: if builders can deploy Solidity contracts without friction, dApp portability skyrockets. The flip side: CosmWasm—Cosmos’ smart contract engine—could become second-class or phased out. That’s the heart of today’s debate. What “EVM-only” actually means on Sei “EVM-only” can mean different things depending on what stays and what gets deprecated. For Sei, market watchers interpret it in three layers: execution, interoperability, and tooling. Execution layer: prioritize the EVM runtime, potentially sunsetting CosmWasm and associated modules. Interoperability: keep IBC for asset movement and chain connectivity, or narrow its role if it complicates the EVM pipeline. Tooling surface: adopt EVM-native RPCs, indexing, and wallets; reduce first-class support for Cosmos-only tools. Whether IBC remains central matters. An EVM-only chain that still speaks IBC can retain Cosmos liquidity pathways; without it, Sei risks isolating from appchains where it once had an edge. Official docs and upgrade notes should be the source of truth for final scope and timelines ( docs.sei.io ). Developer trade-offs: tooling, performance, and cost Developers choose platforms for predictable deploys, liquidity access, and operational simplicity. Here’s how the trade-offs often line up in an EVM-only pivot. Tooling and portability EVM gives immediate access to popular frameworks like Hardhat and Foundry, standard RPC methods, and established indexers. For many teams, that’s 80% of the migration work solved. CosmWasm offers safety features and Rust ergonomics, but its learning curve and smaller talent pool can slow hiring and audits. Execution and performance claims Sei’s thesis pairs the EVM with parallel execution under the hood to reduce contention and raise throughput. Parallelization typically shines with non-overlapping state access patterns, but beware: workloads with high shared state (e.g., hot token pairs on DEXs) may still hit bottlenecks. The engineering detail that matters is conflict detection and scheduling—how the runtime prevents double-spends and resolves concurrent writes. Fees, MEV, and UX EVM-only simplifies gas economics for Solidity dApps and enables standard MEV tooling and protections. But it also imports EVM’s MEV dynamics: bundle markets, searchers, and the risk of toxic flow if order flow is not well protected. Cosmos-native routes sometimes insulated apps via custom modules; EVM uniformity trades that for familiarity. DimensionEVM on SeiCosmWasm on Sei (status if kept)Language & toolingSolidity, Vyper; Hardhat/Foundry; broad auditor poolRust; CosmWasm toolchain; smaller auditor poolPortabilityHigh (Ethereum/L2 dApps portable)Moderate (Cosmos-first portability)Performance modelParallelized EVM claims; optimistic execution pathsDeterministic VM; may require bespoke optimizationsMEV toolingEstablished relays/bundlers; shared patterns with L2sLess standardized; more chain-specificInteroperabilityBridges to EVM L1/L2; potentially IBC if retainedIBC-native; bridges as needed Liquidity and users: where volumes could shift Liquidity follows familiarity and incentives. An EVM-only Sei could integrate easily with EVM bridges, route order flow via common interfaces, and attract market makers who already run on Ethereum L2s. But volumes from Cosmos-specific venues might taper if the on-ramp becomes clunkier. How liquidity typically migrates Bridges and wrappers list SEI and key assets on EVM rails. DEXs and perp venues launch with incentives that offset switching costs. Market makers deploy standardized EVM bots and risk models. Wallet UX converges on MetaMask and major EVM wallets. IBC-dependent flows either adapt (if IBC stays) or decay (if not). If Sei keeps IBC, cross-ecosystem routing can remain a differentiator—especially for assets native to Cosmos. If IBC is deemphasized, Sei must fully outcompete L2s on execution and incentives to win sticky liquidity. Governance, validators, and infra Upgrades that change the execution stack ripple through validators, indexers, explorers, and custody providers. Expect several moving parts: Node operators may need hardware, config, and snapshot changes as the EVM runtime becomes dominant. Indexers and data pipelines must update schemas and ETL to support EVM traces, logs, and standard event patterns. Explorers and custody: support for EVM-style addresses and signing flows can streamline institutional integration, but deprecating Cosmos-only features could break legacy tooling. Governance: token holders will weigh trade-offs between Cosmos identity and broader EVM reach. Proposals should include clear migration guides and sunset windows for builders. For SEI holders, the outcomes depend on adoption and retention. A smooth transition could deepen liquidity and listings; a fractured one could drain mindshare. Neither path is guaranteed; both require sustained delivery. Competitive map: L2s, Solana, and other appchains Sei’s EVM-only posture drops it into a crowded arena. The strongest competitors are Ethereum L2s with massive builder pipelines, Solana with high-throughput monolithic execution, and Cosmos appchains that lean into IBC and CosmWasm. CategoryWhat Sei aims to offerWho already does it wellImplicationEVM L2-like UXSolidity deploys, fast finality, parallel executionArbitrum, Optimism stack, Base, zkSync-era competitorsMust match tooling depth and incentive designHigh-throughput tradingThroughput for perps/DEXs with low latencySolana ecosystem DEXs, specialized enginesExecution path and MEV handling are decisiveInterchain reachIBC access to Cosmos assets (if retained)Neutron, Osmosis, Injective, Cosmos-native hubsRetaining IBC could be a key differentiatorAppchain sovereigntyControl over parameters, fee markets, upgradesCosmos appchains and rollup-as-a-service stacksNeeds a crisp story vs. modular L2 frameworks Risks & What Could Go Wrong Community split: CosmWasm teams may migrate to Cosmos-native chains, shrinking Sei’s non-EVM pipeline. IBC whiplash: if interchain connectivity is reduced, cross-chain liquidity and UX can suffer, isolating Sei during a crucial growth phase. Migration bugs: contract ports and bridge integrations introduce smart-contract risk; audits and staged rollouts are essential. Validator economics: infra changes without commensurate activity could stress operators and degrade network resilience. MEV externalities: importing EVM orderflow without robust protections can harm users and DEXs via sandwiching and toxic flow. Competitive squeeze: EVM-only puts Sei head-to-head with well-capitalized L2s that already have deep liquidity and BD pipelines. Regulatory and custody friction: address formats, custody workflows, and chain support updates can lag, slowing institutional uptake. No pivot is free: the real risk is drifting into a middle ground—too EVM to delight Cosmos natives, not differentiated enough to win EVM power users. For ongoing coverage and data-informed context across L1s, L2s, and appchains, Crypto Daily tracks ecosystem pivots and upgrade roadmaps—follow analyses and news at cryptodaily.co.uk . Frequently Asked Questions Is Sei definitively dropping Cosmos smart contracts? Sei has signaled an EVM-first direction and may reduce or sunset CosmWasm support. Final scope depends on official governance and upgrade decisions. Always verify details in the project’s announcements and documentation. Will IBC remain if Sei becomes EVM-only? It could. EVM-only refers primarily to the execution and tooling surface. Whether IBC persists is an architectural and strategic choice. If retained, IBC can keep Cosmos asset flows active; if not, Sei will lean entirely on EVM bridges. What happens to existing CosmWasm dApps on Sei? If CosmWasm is deprecated, teams will need to migrate—either by rewriting in Solidity for Sei’s EVM or relocating to Cosmos-native chains that maintain CosmWasm. Expect migration windows and tooling if deprecation proceeds. How hard is it to port from CosmWasm to Solidity? It varies. Straightforward token or DEX components may port with moderate effort; complex modules and bespoke logic require redesign and new audits. Teams should budget for testing, security reviews, and user migration plans. Will gas tokens, addresses, or wallets change? The gas token is expected to remain SEI, but wallet flows and addresses may shift toward EVM conventions. Users should rely on updated wallet integrations and official guides before moving funds. Could an EVM-only pivot improve liquidity? It could, if the chain attracts EVM-native dApps, market makers, and bridges. However, gains are not guaranteed and may be offset by outflows from Cosmos-native users if interchain routes weaken. Is this investment advice? No. Network pivots carry technical, market, and governance risks. Do your own research, use official sources for timelines, and consider contract, bridge, and custody risks before deploying capital. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

25 May 2026, 04:55

Gold Holds Gains as Iran Diplomacy Eases Dollar Pressure, but Rally Faces Headwinds

BitcoinWorld Gold Holds Gains as Iran Diplomacy Eases Dollar Pressure, but Rally Faces Headwinds Gold prices maintained their recent upward momentum on Thursday, supported by a softer U.S. dollar as diplomatic efforts surrounding Iran’s nuclear program tempered safe-haven demand for the greenback. However, analysts caution that the yellow metal’s upside may remain constrained by a resilient Federal Reserve rate outlook and improving global risk appetite. Diplomatic Developments Weigh on the Dollar Reports of renewed talks between Western powers and Iran over nuclear restrictions have reduced geopolitical risk premiums, particularly in energy markets. This has eased some of the safe-haven buying that had bolstered the dollar in recent weeks. A weaker dollar typically benefits gold, which is priced in the greenback and becomes more attractive to holders of other currencies. Spot gold was last seen trading near $2,340 per ounce, holding onto gains from earlier in the week. The metal had rallied from around $2,300 as uncertainty over Middle East tensions and trade policy fluctuations drove investors toward traditional stores of value. Upside Potential Capped by Fed and Risk Appetite Despite the near-term tailwind from dollar softness, several factors suggest gold’s rally may be limited. The Federal Reserve has maintained a cautious stance on rate cuts, with several officials signaling that inflation remains above the 2% target. Higher interest rates increase the opportunity cost of holding non-yielding assets like gold. Additionally, equity markets have shown resilience, with major indices hovering near record levels. A sustained risk-on environment could divert capital away from gold and into higher-yielding assets. Market Implications for Investors For traders and investors, the current gold price action reflects a tug-of-war between geopolitical uncertainty and monetary policy expectations. The metal remains sensitive to any shift in U.S. economic data or Fed rhetoric. A surprise escalation in Iran tensions could reignite safe-haven demand, while a stronger-than-expected U.S. jobs report could push gold lower. Gold’s ability to hold above the $2,300 support level is a positive technical signal, but sustained gains above $2,400 may require a clearer catalyst, such as a dovish Fed pivot or a deterioration in global growth outlook. Conclusion Gold’s recent stability reflects a market balancing diplomatic progress with lingering macroeconomic uncertainties. While the dollar’s retreat offers near-term support, the broader outlook hinges on the trajectory of U.S. interest rates and the evolution of geopolitical risks. Investors should watch for upcoming Fed commentary and economic data for clearer direction. FAQs Q1: Why does the U.S. dollar affect gold prices? A weaker dollar makes gold cheaper for buyers using other currencies, increasing demand and pushing prices higher. Conversely, a stronger dollar tends to weigh on gold. Q2: What is the connection between Iran diplomacy and gold? Progress in Iran nuclear talks can reduce geopolitical tensions, lowering safe-haven demand for the U.S. dollar and indirectly supporting gold prices. Q3: Can gold prices rise if the Fed keeps rates high? Historically, high interest rates are a headwind for gold because they increase the opportunity cost of holding non-yielding assets. However, gold can still rise if other factors—such as inflation or geopolitical fear—outweigh rate concerns. This post Gold Holds Gains as Iran Diplomacy Eases Dollar Pressure, but Rally Faces Headwinds first appeared on BitcoinWorld .

25 May 2026, 04:50

AUD/USD Holds Above 0.7150 as Traders Eye Nine-Day EMA Breakout

BitcoinWorld AUD/USD Holds Above 0.7150 as Traders Eye Nine-Day EMA Breakout The AUD/USD currency pair maintained its position above the 0.7150 level during Tuesday’s trading session, as market participants focused on the nine-day exponential moving average (EMA) as the next key technical barrier. The pair’s resilience comes amid mixed signals from commodity prices and global risk sentiment. Technical Setup and Key Levels The nine-day EMA, currently hovering near 0.7180, has emerged as a critical short-term resistance level for the Australian dollar. A sustained move above this moving average would signal renewed bullish momentum, potentially opening the path toward the 0.7200 psychological mark. Conversely, failure to break higher could see the pair consolidate within the 0.7150–0.7180 range. Support on the downside remains firm around the 0.7120 area, a level that has held multiple tests over the past week. A break below this support would expose the 0.7100 handle, which aligns with the 50-day simple moving average (SMA). Fundamental Drivers in Focus The Australian dollar’s recent stability reflects a cautious improvement in risk appetite, supported by firmer iron ore prices and a steady outlook for China’s economic recovery. However, lingering concerns over global interest rate trajectories and inflation data continue to cap upside momentum. Investors are closely watching upcoming U.S. economic releases, including consumer confidence and manufacturing data, which could influence the dollar’s broader direction. The Reserve Bank of Australia’s recent policy stance, emphasizing a data-dependent approach, has also contributed to the pair’s range-bound behavior. What the Charts Suggest From a technical perspective, the AUD/USD pair is trading within a short-term ascending channel, with the lower boundary near 0.7130 and the upper boundary around 0.7180. The nine-day EMA acts as the immediate resistance within this channel. A breakout above the channel’s upper trendline would confirm a bullish reversal, while a drop below the lower trendline could trigger a test of the 0.7100 support. Momentum indicators, such as the Relative Strength Index (RSI), are hovering near the neutral 50 level, suggesting that the pair lacks a clear directional bias. Traders are advised to watch for a decisive close above or below the nine-day EMA for confirmation of the next leg. Conclusion The AUD/USD pair remains in a tight consolidation phase above 0.7150, with the nine-day EMA serving as the key near-term resistance. A breakout above this level could reignite bullish momentum, while failure to advance may lead to a retest of support. Traders should monitor both technical levels and fundamental catalysts, including U.S. data and commodity price movements, for clearer directional cues. FAQs Q1: What is the nine-day EMA and why is it important for AUD/USD? The nine-day exponential moving average (EMA) is a short-term technical indicator that gives more weight to recent price data. It is important because it often acts as dynamic support or resistance, and a break above or below it can signal a change in short-term momentum. Q2: What key support level should traders watch for AUD/USD? The immediate support level is around 0.7120, followed by the 0.7100 handle. A break below these levels could indicate further downside toward the 50-day simple moving average. Q3: How do fundamental factors like iron ore prices affect AUD/USD? Australia is a major exporter of iron ore, so higher iron ore prices tend to support the Australian dollar by improving the country’s terms of trade and export revenues. Conversely, falling prices can weigh on the currency. This post AUD/USD Holds Above 0.7150 as Traders Eye Nine-Day EMA Breakout first appeared on BitcoinWorld .

25 May 2026, 04:45

StablR Hack: European Stablecoin Issuer Reportedly Loses Over $10 Million in Security Breach

BitcoinWorld StablR Hack: European Stablecoin Issuer Reportedly Loses Over $10 Million in Security Breach European stablecoin issuer StablR has reportedly fallen victim to a significant security breach, with losses potentially exceeding $10 million. The incident, which came to light through an analysis by blockchain security firm Blockaid and was publicized by UAE-based crypto influencer Yusuf, has raised fresh concerns about the security of fiat-backed digital assets in the European market. Details of the Breach and Affected Stablecoins According to the preliminary findings, the attack targeted vulnerabilities in two smart contracts associated with StablR’s operations. The breach directly impacted the company’s two primary stablecoins: the euro-pegged EURR and the dollar-pegged USDR. Both tokens are designed to maintain a 1:1 value with their respective fiat currencies, but the exploit has caused them to depeg significantly. Reports indicate that EURR and USDR have both lost more than 20% of their intended value against the U.S. dollar and the euro, respectively. This depegging has disrupted their utility as stable stores of value, a core promise of any stablecoin. Immediate Response and Fund Freeze In response to the breach, StablR has reportedly taken swift action by freezing millions of dollars in stolen funds. This move, while potentially limiting further losses, underscores the centralization risks inherent in many stablecoin models, where issuers retain the ability to freeze assets on-chain. The effectiveness of this freeze in recovering the bulk of the stolen capital remains to be seen. Context and Market Implications The hack comes just months after StablR received an undisclosed investment from Tether, the world’s largest stablecoin issuer, in December 2024. This connection adds a layer of significance to the event, as it highlights security challenges even within well-funded and established projects. For European crypto users and institutions, this incident serves as a stark reminder of the operational and smart contract risks associated with stablecoins, even those backed by reputable entities. The depegging of EURR and USDR could have ripple effects on any decentralized finance (DeFi) protocols or exchanges that rely on these tokens for liquidity or as a medium of exchange. Users holding these assets are currently facing uncertainty regarding their value and the timeline for a potential recovery. Conclusion The StablR hack, with losses exceeding $10 million, represents a serious security incident in the European stablecoin landscape. While the company’s rapid response in freezing funds is a positive step, the event damages trust in the security of fiat-backed digital assets. The coming days will be critical as further forensic analysis from Blockaid and other security firms will likely reveal more details about the attack vector. For now, the market watches closely to see how StablR manages the aftermath and works to restore the peg for EURR and USDR. FAQs Q1: What exactly happened in the StablR hack? StablR, a European stablecoin issuer, reportedly suffered a security breach that exploited vulnerabilities in two of its smart contracts. The attack led to the loss of over $10 million and caused its EURR and USDR stablecoins to lose their peg to the euro and U.S. dollar, respectively. Q2: What does it mean that EURR and USDR have ‘depegged’? Depegging means that the stablecoins have lost their intended 1:1 value with their underlying fiat currency. In this case, EURR and USDR are trading at more than 20% below the value of the euro and U.S. dollar, meaning they are no longer a stable store of value. Q3: Has StablR taken any action to recover the stolen funds? Yes, according to reports, StablR has already frozen millions of dollars in stolen funds. This is a common but centralized response that can limit further damage, though the full recovery of assets for users is not guaranteed. This post StablR Hack: European Stablecoin Issuer Reportedly Loses Over $10 Million in Security Breach first appeared on BitcoinWorld .

25 May 2026, 04:36

Binance sees 16,000 BTC inflow as ETF outflows hit $1.2B

🚨 Binance received 16,000 BTC within a month. Over $1.2 billion left in $BTC ETFs as outflows jumped. Continue Reading: Binance sees 16,000 BTC inflow as ETF outflows hit $1.2B The post Binance sees 16,000 BTC inflow as ETF outflows hit $1.2B appeared first on COINTURK NEWS .

25 May 2026, 04:26

DeXe, Humanity, Venice Token lead crypto market gains as liquidations plunge

The crypto market wavered on Monday morning as investors embraced a risk-on sentiment amid hopes of a deal between the US and Iran. Bitcoin (BTC) price was held below $77,000, while the market capitalization of all tokens remained flat at $2.56 trillion. Some tokens, however, continued their uptrend that started on Saturday. DeXe token jumped by over 24%, while Humanity Protocol (H), Venice Token (VVV), Morpho (MORPHO), and Ondo rose by over 5% in the last 24 hours. Top crypto gainers today | Source: CMC Crypto market waits for US-Iran deal Bitcoin and most altcoins rebounded on Saturday after President Trump announced that the US and Iran were working on a deal to reopen the Strait of Hormuz. Media reports suggest that the deal will see the US end its blockade against Iranian ports in exchange for Iran reopening the Strait. The reports also suggest that the two countries will start a 60-day ceasefire, in which they will seek to find an agreement on its nuclear program. These reports, if confirmed, would be positive for the crypto market as they would lead to lower energy prices and inflationary pressures. Indeed, data shows that the Brent and West Texas Intermediate (WTI) tumbled below $100 today. This sell-off started as soon as Trump made the announcement, with traders on platforms like Hyperliquid experiencing the most benefits. Still, the crypto market action has been a bit muted because Trump is yet to announce the deal. He has also said that he will not be in a hurry to reach an agreement, raising concerns that things might go south. Besides, some of T rump’s closest allies, like Senator Lindsey Graham and Ted Cruz , have all blasted the deal for empowering Iran. Most importantly, Trump is known to change his mind based on the last person he talks to. As such, traders are likely waiting for him to announce the deal officially. Liquidations plunge as futures open interest eases The crypto market is also on edge amid falling volume and futures open interest. Data shows that the 24-hour volume dropped by 22% to $60 billion, the lowest figure in months. At the same time, the futures open interest dropped by over 1.1% in the last 24 hours to $124 billion. Bitcoin’s open interest dropped by 1.75% in the last 24 hours, while Ethereum’s OI fell by 1.30%. Some of the top tokens that experienced a surge in OI were Hyperliquid (HYPE), Zcash (ZEC), and Binance Coin (BNB). The volume will likely be limited on Monday because of the US and UK public holidays. The US is celebrating the Memorial Day weekend, while the UK has a bank holiday. Liquidations also plunged in the last 24 hours. It dropped by 70% tp $221 million, with bullish positions worth of Ethereum and Bitcoin worth $70 million and $58 million being liquidated. Liquidations happen when exchanges shut down loss-making leveraged positions to protect their capital. Looking ahead, the crypto market will react to the upcoming macro data from the US, including consumer confidence on Tuesday, and PCE and GDP reports on Thursday. These are important numbers that will have an impact on the Federal Reserve. The post DeXe, Humanity, Venice Token lead crypto market gains as liquidations plunge appeared first on Invezz