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BlockBeats news, on May 18, Ethereum co-founder Vitalik Buterin commented on Ethereum's state storage issue, saying that even if users store data themselves, the blockchain only stores hashes, and transactions only include proofs, it is still necessary to store and update data used to verify proofs. Ultimately, this data is almost as large as the state itself. Vitalik noted that there are solutions to these issues, but they involve many components and require trade-offs compared to the current Ethereum. Previously, DeFi content creator marilyn100x.eth pointed out that Ethereum faces a state storage problem, where developers pay a one-time fee to write data, but nodes bear long-term storage costs. However, EIP-8037 is not a time-weighted rent or continuous fee. Instead, it significantly increases the upfront gas costs for new contracts, accounts, and storage slots to control state growth during scaling.

According to Golden Ten Data on May 18, spot gold has fallen below $4,500 per ounce for the first time since the end of March, dropping 0.85% on the day.

According to ChainCatcher, as reported by CryptoBriefing, Iran has launched its national government-backed digital maritime insurance platform, Hormuz Safe, to provide maritime insurance for vessels passing through the Persian Gulf and the Strait of Hormuz, with settlements in Bitcoin and other cryptocurrencies. The Iranian government believes that if the platform can capture a significant share of the Persian Gulf shipping insurance market, it could generate more than 10 billion US dollars in revenue.