Ethereum’s Canadian Roots Highlighted as Coinbase Canada CEO Pushes for National Crypto Strategy
At Consensus 2025 in Toronto, Lucas Matheson, CEO of Coinbase Canada, called for the Canadian government to expedite the creation of a national cryptocurrency strategy. Matheson highlighted Canada’s legacy as a blockchain pioneer, citing Ethereum’s origins and the nation’s robust Web3 developer community as key reasons for the country to take a leadership role in the crypto space. His appeal underscores the growing need for regulatory clarity and government support to foster innovation and maintain Canada’s competitive edge in the global digital asset market.
Coinbase Canada CEO Calls for National Crypto Strategy at Consensus 2025
Lucas Matheson, CEO of Coinbase Canada, urged the Canadian government to accelerate the development of a national cryptocurrency strategy during his panel appearance at Consensus 2025 in Toronto. Matheson emphasized Canada’s historical role as a blockchain innovator, referencing Ethereum’s origins and the country’s strong Web3 developer community.
"We need leadership. We need champions in government to embrace this technology and legitimize it in the eyes of the everyday Canadian," Matheson stated. His remarks come as global competitors advance their regulatory frameworks, potentially leaving Canada behind in the race for crypto dominance.
Ethereum R1 Emerges as Community-Driven Evolution of Blockchain Network
Ethereum R1 marks a pivotal development in the blockchain ecosystem, emphasizing decentralization through its unique no-token design and community-funded approach. Core developer Zeng Jiajun highlights the project’s commitment to scalability and alignment with decentralized finance principles.
The initiative distinguishes itself from conventional rollups by prioritizing public participation over institutional backing. Its 100% public funding model challenges traditional project financing in the crypto space, echoing Ethereum’s original ethos of democratized access.
Ukrainian Trader Max Hamaha Triumphs at WhiteBIT’s Inaugural Crypto Trading Cup
Europe’s leading cryptocurrency exchange WhiteBIT has redefined competitive trading with its inaugural International Crypto Trading Cup (ICTC 2025). The FC Barcelona partner transformed digital asset markets into a high-stakes arena during the May 9-10 event, showcasing elite traders’ decision-making under pressure.
Eight master traders executed 269 transactions within 12 hours, with Ukraine’s Max Hamaha securing victory through a bold ethereum play. His 7,488.84 profit rebound demonstrated the tournament’s fusion of financial acumen and esports-style competition, attracting 3,000 participants across 33 global teams.
DOJ Drops Part of Case Against Tornado Cash Developer Roman Storm, Maintains Core Charges
The U.S. Department of Justice has scaled back its case against Tornado Cash developer Roman Storm, dropping one count related to money transmitter registration rules. Prosecutors confirmed the decision stems from a recent policy memo review but emphasized the CORE allegations remain intact.
Storm still faces trial in July 2025 on charges of knowingly transmitting criminal proceeds, money laundering conspiracy, and sanctions violations. The case represents a pivotal test of developer liability in decentralized finance, with potential implications for Ethereum-based privacy tools.
