News linked to both this project and an event.
Odaily News According to official announcements, Gate will list 9 USD1 perpetual contracts at 14:00 (UTC+8) on August 13, covering assets such as BTC, ETH, SOL, XAU, SPCX, SNDK, MU, SK HYNIX, and XAG. Meanwhile, Gate will launch a limited-time promotional fee discount for USD1 contract trading starting from 14:00 (UTC+8) on August 13. During the campaign period, users from VIP 0 to VIP 16 trading any USD1 perpetual contract will enjoy zero taker fees for maker orders and a 75% discount on taker fees.In addition, Gate will launch the USD1 Contract Pioneer Challenge from 15:00 on August 13 to 15:00 on August 20 (UTC+8). Users who participate in trading designated USD1 contract pairs and complete a cumulative trading volume of 1,000 USD1 for the first time can claim a 20 USD1 contract position experience voucher; those who check in for 7 consecutive days of trading can share a 50,000 USD1 contract position experience voucher prize pool; and the top 100 users by cumulative trading volume can also share a 50,000 USD1 cash reward. The three reward tiers—first trade, daily check-ins, and leaderboard ranking—can be stacked, with a total prize pool of 140,000 USD1 equivalent.
crypto lending firm Figure Lending LLC offers cryptocurrency-backed loans, allowing borrowers to use Bitcoin, Ethereum, or Solana as collateral to access cash of up to 75% of the collateral's value while retaining ownership of their tokens. Such loans generally do not constitute a sale and typically do not trigger a capital gains event. Figure Lending LLC stated that borrowers should compare maximum loan-to-value ratios, fixed or variable interest rates, regulatory licensing, and liquidation terms. The firm offers fixed-rate loans with a 12-month term, a maximum annual percentage rate of 12.62%, and supports same-day funding without requiring a credit score, as approval is based on the collateral. Figure provides an optional liquidation protection feature, available in select states, which may defer liquidation during the loan term due to price declines; however, liquidation may still occur if the loan becomes delinquent. This feature does not apply to non-payment, default, or violation of loan terms, and declines in crypto asset prices may still trigger margin calls. (Decrypt)
According to CoinDesk, Fidelity plans to add ETH staking functionality and a quarterly cash distribution mechanism to its spot Ethereum ETF—the Fidelity Ethereum Fund (FETH). FETH currently has a net asset value of approximately $898 million and can stake up to 100% of its held ETH under normal circumstances. Under the arrangement, Fidelity will retain 85% of the staking rewards, with the remaining 15% allocated to the fund sponsor, custodian, and node operators (including Blockdaemon, Figment, and Galaxy). Net staking rewards will be prioritized to cover fund operating expenses, with the remainder distributed to investors as cash on a quarterly basis. This move is driven by a safe harbor announcement released by the U.S. Internal Revenue Service in November 2025, which allows eligible crypto trusts to stake without losing their grantor trust tax status.
: Pudgy Penguins co-founder Cole Villemain was voted out and removed from his role by the project's holders in January 2022. Early Tuesday morning, the 44,444-piece NFT collection Spritehood, launched by Cole Villemain on the Robinhood Chain, sold out in under an hour. According to on-chain transaction data, the NFT mint generated approximately $1.28 million in revenue. During the public mint, 37,430 NFTs were sold at $17 each, while another 5,526 were sold at $117 each, the latter corresponding to the $100 upgrade option available on the mint page. Based on these figures, total sales revenue amounted to $1.2829 million, equivalent to approximately 684.28 ETH at the contract's mint-time pricing. Prior to the paid sale, the contract deployer also free-minted 1,488 NFTs through 20 zero-price transactions.
Odaily News ENS DAO has voted to pass the "Next Era of ENS DAO" proposal and completed on-chain execution, officially establishing the ENS Foundation to usher the ENS ecosystem into a new phase of governance.According to the proposal, the ENS Foundation will become a fully operational organization, equipped with a full-time executive director, a professional team, and a board of directors consisting of 5 members. It will be responsible for ENS's institutional work in legal, policy, standards-setting, and brand protection. ENS stated that over the past nearly decade, it has developed into critical infrastructure within the Ethereum ecosystem, with millions of registered domain names and integration across numerous wallets, applications, and Layer 2 networks. However, the DAO itself lacks a legal entity status, which prevents it from effectively participating in internet naming system governance, signing institutional cooperation agreements, hiring full-time employees, safeguarding trademark rights, or engaging in regulatory discussions. The establishment of the ENS Foundation aims to fill this gap. Going forward, the Foundation will be responsible for:1. Representing ENS in internet standards organizations such as ICANN, IETF, and W3C, to promote the recognition and management of the ".ens" top-level domain (TLD);2. Participating in policy discussions as a legal entity, communicating with regulators and government agencies;3. Holding and protecting ENS trademarks and intellectual property, and combating phishing and impersonation activities;4. Hiring full-time employees to manage ecosystem operations, grant programs, and treasury management;5. Serving as the formal cooperation entity between traditional institutions such as registrars and standards organizations and the ENS ecosystem.
Last week, major assets closed higher across the board: July Non-Farm Payrolls -23k severely dampened rate hike expectations, the USD broke below 100, and Gold and Crypto benefited in tandem. BTC/ETH ETF weekly net inflows were $853M/$245M, the third-largest institutional buying week of the year. Core risk this week: 8/12 CPI (08:30 ET), determining the direction of September rate hike expectations. Strategy advances on three fronts: Sell ETH weekly expiry $1,800 P (annualized ~15-20%), Sell HYPE 1D $52 P (annualized ~70%, newly listed on Bybit), Sell XAUT 1D $4,360 C (annualized ~30-60%). All three positions must be reduced to safe levels before CPI.
Ethereum treasury company Sharplink released its financial report for the second quarter of 2026. Total revenue during the reporting period was $11.53 million, of which staking revenue was $11.16 million, accounting for the majority. The company reported a net loss of $394.3 million, primarily consisting of non-cash unrealized losses on ETH and impairment provisions on LsETH and weETH, without affecting the actual quantity of ETH holdings.
Odaily News: According to Lookonchain monitoring, as of the August 10 data update, Bitcoin ETFs saw a single-day net inflow of 1,731 BTC, valued at $112 million; over the past 7 days, net inflows totaled 12,400 BTC, valued at $799 million. Ethereum ETFs saw a single-day net inflow of 29,900 ETH, valued at $56.78 million; over the past 7 days, net inflows totaled 118,500 ETH, valued at $225 million.
Odaily News: Vitalik posted on X platform, stating that he has updated the 2023 roadmap diagram, overlaying the items listed at that time onto their corresponding positions in the current Strawmap. Overall, there is significant overlap between the two, but the order of some items has been rearranged—for example, quantum security has been prioritized higher; some items have been deprioritized, such as VDF and many EVM improvements; and some items have been replaced by better constructions, such as Verkle evolving into unified BT and then PBT, with state expiration being replaced by new state types. However, the most notable change is that the Strawmap includes some entirely new additions not present in the diagram, as these were not in the 2023 roadmap, reflecting shifts in priorities. The main additions include: - Giving first-class priority to strong privacy, including keyed Nonces and recent roots, parts of FOCIL, lean privacy pools, and Wormholes; - Advancing scalability around post-quantum scenarios, including leanSPHINCS signatures and aggregation, and zkzk frames; - Pushing forward the Lean specification to assist formal verification. Full formal verification of everything is now feasible thanks to modern AI; - Blob and Gas futures, a concept that did not exist in 2023; - Native Rollups—back in 2023, SNARKs were far from mature enough to consider this direction; - Opening up a more expansive design space for "the future of EVM." zkzk frames already imply that the protocol will offer users a non-EVM ISA, with the main current candidates being leanISA and RISC-V. These ISAs are simpler, more modern, and more efficient than the EVM. Once introduced, they can be opened up to all developers, transforming the EVM into an intermediate representation (IR) built on top of these ISAs, rather than a built-in feature that significantly increases base protocol complexity. However, deeper exploration in this area is still premature even for the Strawmap; - New state types are not just a replacement for state expiration, but a fundamentally different paradigm for how Ethereum scales. He noted that a common theme across the scalability space is reflected in two new ideas—state types and zkzk frames: rather than trying to maximize the extension of all Ethereum activity, it is better to create specialized mechanisms with restrictive properties that are therefore better suited for scalability, while carrying the heaviest load from current and future users and applications, such as token transfers, swaps, and privacy protocols. Another common theme is treating STARKs and AI-accelerated formal verification as first-class objects, and building Ethereum's technological future upon them. Recursive STARKs appear at multiple layers of the protocol, and one specific primitive, "aggregate to union verified dependencies," is expected to be used in three locations in the protocol: the execution layer, consensus layer, and data layer. Its safety can only be ensured thr
Odaily News: According to official sources, the Gate Alpha Zone Meme coin MARVIN (7777) has risen 29.98% over the past 24 hours. MARVIN is one of Musk's pet dogs, with a birthday on November 1st. Musk has posted about the dog multiple times and even celebrated its birthday on November 1, 2023. Users can trade it seamlessly with one click on Gate Alpha.Gate Alpha now supports public chains including SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, Robinhood, and Berachain, and enables frictionless cross-chain token trading via a contract address search function.
Odaily News: Standard Chartered initiated coverage on Monday of blockchain oracle project Chainlink, projecting LINK to reach $200 by the end of 2030 — roughly 25 times its current price of around $8. The bank's phased targets are $13 by the end of this year, followed by $41, $82, and $133. Standard Chartered estimates that the on-chain tokenized asset market will reach $4 trillion by the end of 2028, with DeFi-deployed assets hitting $2.7 trillion by 2030 — a 37-fold increase from current levels. The bank expects Chainlink fees to grow approximately 25-fold over the same period, assuming token prices track fee growth. Chainlink secures over $110 billion in total value, covering approximately 70% of the value that global DeFi relies on from oracles, with a share exceeding 80% on Ethereum; Aave V3 accounts for 44% of that. Swift, DTCC, Euroclear, JPMorgan, Mastercard, UBS, Fidelity, and S&P Global are all listed as institutions using its services. Chainlink still lags behind LayerZero in cross-chain interoperability. Following the $292 million attack in April, over $7 billion in token value has migrated to Chainlink CCIP, with second-quarter transaction volume reaching $4.9 billion — up 353% year-over-year. Risks include slowing institutional tokenization, pilots not converting to production processes, and technical failures impacting confidence. (Decrypt)
According to CoinDesk, Robinhood announced the launch of a new all-in-one investment app in the UK, providing UK users with zero-fee trading services for over 50 cryptocurrencies, including BTC, ETH, XRP, and Hyperliquid (HYPE), among others. Crypto asset trading is accessed through Bitstamp, an exchange acquired by Robinhood in 2025. In addition to crypto assets, the app simultaneously opens trading for traditional financial products such as stocks, Stocks ISA, options, and futures. The platform also launched an AI feature, "Robinhood Cortex Digests for Crypto," which analyzes breaking news, market data, and technical indicators in real-time, and interprets the drivers behind price fluctuations of various crypto assets in plain language.
Odaily News: Ethereum developers have proposed a "Tapered Issuance Burn" mechanism, which plans to gradually burn a portion of validators' idealized duty rewards as the ETH staking ratio rises; when the staked amount approaches 50% of the total supply, ETH net issuance will drop to 0%. The proposal's author stated that the ETH staking ratio has already exceeded one-third of the total supply as of April; without adjustments, Jerome de Tychey noted that by January 2028, the staked amount could exceed 70 million ETH, representing over 55% of the supply. Supporters argue that excessive staking could first render small independent validators economically unviable, leading to staking concentration among custodians and large service providers; the proposal is planned to be implemented over an 18-month period, with an additional preparation window of approximately 6 months reserved before any potential network upgrade. Stani Kulechov, founder of lending protocol Aave, stated that once the staking ratio exceeds 50% and rewards drop to 0%, yield uncertainty could weaken institutional staking and DeFi demand. He noted that ETH lending strategies may be affected, and the proposal remains in its early stages. (Bitcoin.com News)
Odaily News: After a 9-month silence, the X account of renowned artist and Pepe creator Matt Furie became active again in early August, posting content and contract addresses related to HOODRAT, DORK, and BOYZ within a single week. Most of these posts were subsequently deleted. On August 9, the account posted a statement claiming it had been hacked, stating it does not endorse any altcoins, and adding that a relevant notice had previously appeared on its official website. On-chain analyst @StandartXBT noted that after the HOODRAT-related post was published, the token's market cap surged briefly before the price declined; following the DORK deployment, the deployer completed bundled purchases, removed liquidity, and sold off, extracting significant ETH profits from the initial raise. @StandartXBT discovered through web archives that Matt Furie's official website had not previously contained such a notice, and no prior trace was found on the X platform, casting doubt on the credibility of the statement.
According to Specter monitoring, over $7.9 million was stolen from wallets associated with Coinsbuy on Ethereum and TRON, and the attackers subsequently laundered the funds into XMR through exchanges. Coinsbuy stated that, with the support of ChangeNOW, it has successfully frozen stolen funds amounting to up to six figures. Following the incident, Coinsbuy temporarily suspended deposit and withdrawal services, which have now resumed.
Odaily News – Robinhood Chain has surpassed $800 million in total value locked and processed over 200 million transactions within a little over a month since its launch. Johann Kerbrat, head of crypto at financial services firm Robinhood, stated that the team chose an Ethereum Layer 2 network to leverage existing security and decentralization capabilities while focusing resources on product development. Robinhood Chain is part of Robinhood's push to bring brokerage services on-chain, allowing users to trade approximately 200 tokenized stocks, buy and sell real-world assets, lend and borrow stablecoins, and trade perpetual contracts on the network. Kerbrat noted that developer activity is also a key metric for assessing network adoption. Kerbrat said Robinhood Chain caters to financial products such as tokenized stocks and derivatives, while also supporting Meme coins to meet user demand and provide liquidity. Robinhood aims to attract users who have never used cryptocurrency before, rather than competing with other blockchains for existing users.
Odaily News On August 6, at the "All Core Devs consensus call" held by the Ethereum community (a biweekly meeting to discuss consensus layer changes), Jerome introduced EIP-8363, a proposal aimed at introducing a decreasing burn mechanism for Ethereum. Once the staking ratio exceeds 50%, the staking incentive for validators would drop to zero.However, other participants expressed concerns about the potential negative impact on small validator nodes and the risk of centralization, and also questioned the actual returns for stakers and the complexity of implementation. As a result, the proposal was ultimately recommended for removal from consideration for inclusion in the Hegota upgrade. Jerome and the other authors of the proposal were also advised to respond to all comments on the EIP thread on the Eth Magicians forum.It is reported that EIP-8363 was submitted as a draft on August 4, in an attempt to meet the non-core EIP submission window for the Hegota upgrade (deadline August 6), but it triggered extensive controversy within the community regarding timing, impact on staking/DeFi, and centralization risks. Executives from Ethereum ecosystem companies, including SharpLink CEO Joseph Chalom, Aave founder Stani Kulechov, and Ether.fi founder Mike Silagadze, all publicly opposed the proposal.
Odaily News Galaxy Digital and Sharplink have announced the joint launch of the Galaxy Sharplink Onchain Yield Fund. The fund is managed by Galaxy and has secured $125 million in committed capital at launch. Among this, Sharplink provides $100 million in staked ETH treasury backing, while Galaxy contributes $25 million.Galaxy CEO Mike Novogratz stated, "We are entering a new phase of institutional adoption, with capital shifting from passive holding to active participation in blockchain-based markets." Sharplink CEO Joseph Chalom added that the fund represents part of the strategic upgrade of its ETH treasury management.
Odaily News, SharpLink CEO Joseph Chalom has formally opposed Ethereum Improvement Proposal EIP-8363, stating that if passed, the proposal could weaken the DeFi ecosystem, limit institutional interest in Ethereum, and erase a key advantage ETH holds over Bitcoin.EIP-8363, also known as "Tapered Issuance Burn," works by gradually increasing the proportion of consensus layer validator rewards that are burned as ETH staking ratios rise. When approximately 50% of ETH's supply is staked, the reward burn ratio would reach 100%, meaning issuance returns would drop to zero. If passed, the mechanism would be phased in gradually over roughly 18 months.The proposal, introduced earlier this week, has sparked significant controversy. Supporters argue it could limit the scale of ETH staking through market-based means while reducing the dilution problem faced by non-stakers. Proposal authors include Ethereum Foundation researcher Justin Drake, EthCC founder Jérôme de Tychey, and others.However, critics argue the mechanism could disproportionately harm solo stakers and weaken Ethereum's security. Chalom stated that the proposal's authors are all serious researchers and long-term Ethereum supporters, but "well-intentioned people can also be wrong."
Circle launches native USDC stablecoin and cross-chain transfer protocol CCTP on OKX's Ethereum Layer 2 network X Layer, supporting cross-chain transfers and DeFi applications.