Consensys, the Ethereum infrastructure company behind the popular MetaMask wallet, said it has acquired Web3Auth, a provider of wallet infrastructure, in a move aimed at improving usability and developer accessibility across its platforms.

Financial terms of the deal were not disclosed.

The acquisition is designed to modernize MetaMask’s onboarding experience and tackle one of the most persistent challenges facing self-custodial crypto wallets: seed phrase management. According to Consensys, internal data indicates that 35% of MetaMask users fail to back up their seed phrases — a key vulnerability that can result in permanent loss of funds.

Web3Auth’s technology, already integrated across some 8,200 decentralized applications, offers login and recovery tools that mirror Web2-style user flows. With this integration, MetaMask users will have the option to access wallets without relying solely on seed phrases, aligning with a broader industry push toward «account abstraction» — the idea that crypto wallets should offer the same ease of use and safety nets found in traditional apps.

“This integration enhances MetaMask’s capabilities significantly, embodying our belief that the best Web3 wallets will seamlessly integrate infrastructure that supports a wide range of empowering features,” said Joseph Lubin, chief executive of Consensys and a co-founder of Ethereum. “These include frictionless onboarding, customizable interfaces, extensive ecosystem connectivity reminiscent of a mycelium network, configurable security for varying needs, and maximal protections in high-security contexts.”

The acquisition also targets developers building within the MetaMask ecosystem. By incorporating Web3Auth’s embedded software development kits (SDKs), Consensys said it aims to simplify the developer experience and offer more flexible tools for integrating blockchain into consumer-facing applications.

“The future of using web3 is going to be full of embedded wallets that enable blockchain integrations to be nearly invisible, and minimize user interactions to the meaningful ones,” said Dan Finlay, the co-founder of MetaMask, in the press release. “Together, we think we can help build the best of both worlds: a decentralized web that is invisible as much as it can be, but can show up when a user is ready to tap into its power.”

Read more: Ethereum Upgrade Could Make It Harder to Lose All Your Crypto

Reitar Logtech Holdings Ltd. has announced plans for a landmark $1.5 billion bitcoin BTC acquisition through a treasury diversification initiative aimed at enhancing its financial resilience and fueling logistics tech expansion.

Through this “BTC Program,” Reitar seeks to acquire up to 15,000 BTC from a consortium of institutional and high-net-worth investors in exchange for company shares, based on average BTC and stock market prices. The initiative is designed to strengthen Reitar’s balance sheet and provide flexibility for acquisitions and digital infrastructure investment, especially across high-growth Asian markets.

Management believes this strategy will help reduce exposure to traditional asset risks while supporting the company’s long-term vision for global logistics innovation. Chairman and CEO Dale Shen emphasized that integrating digital assets into Reitar’s financial strategy represents a bold step toward a more robust and adaptive corporate treasury, enabling accelerated technological progress and future-proofing Reitar’s global operations.

VivoPower Partners with BitGo for $100 Million XRP Treasury Strategy

VivoPower International PLC has formed a strategic partnership with BitGo to support its newly launched $100 million XRP acquisition plan as part of a broader digital asset treasury strategy. The company will utilize BitGo’s 24/7 OTC trading desk and industry-leading custody platform to purchase and store XRP tokens securely. This move follows VivoPower’s $121 million capital raise and its announced pivot toward decentralized finance solutions.

Executive Chairman and CEO Kevin Chin highlighted BitGo’s institutional-grade infrastructure as critical to executing and safeguarding the company’s digital asset holdings. BitGo’s CEO Mike Belshe praised VivoPower’s entry into the space as a sign of growing institutional interest in crypto. The collaboration underscores BitGo’s growing role as both a trusted custodian and a premier liquidity partner for large-scale digital asset transactions.

VivoPower has also filed a registration statement with the SEC for a public offering, reinforcing its commitment to transparency and compliance in its digital asset strategy.

Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its Chief Data Center Officer, marking a strategic move by the bitcoin miner to branch out beyond crypto into the broader data infrastructure business.

Gibbs brings over 15 years of experience and a résumé that includes designing and building more than one gigawatt of data center capacity across North America, Europe and Asia. He most recently served as Executive Vice President at Prime Data Centers, where he led projects across the U.S.

Now, he’s tasked with launching Riot’s new data center platform aimed at companies that require massive computing power to support cloud services and artificial intelligence. The company plans to build out non-bitcoin-focused facilities, leveraging 1.7 gigawatts of power capacity it already controls.

The company’s CEO, Jason Les, said the new initiative will “aggressively scale” to meet surging demand. If successful, Riot could join a growing list of former mining firms repositioning themselves as key players in the AI and cloud infrastructure boom.