News linked to both this project and an event.
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been prioritized higher; some items have been deprioritized, such as VDF and many EVM improvements; and some items have been replaced by better constructions, such as Verkle evolving into unified BT and then PBT, with state expiration being replaced by new state types.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: Tether's Q2 net operating profit was $1.5 billion, primarily derived from interest generated by its U.S. Treasury holdings and repurchase agreements. As of June 30, Tether's reserve buffer stood at $4.11 billion, with assets exceeding liabilities by the same amount. USDT's circulating supply increased by $446 million to $184.6 billion, accounting for over 60% of the global stablecoin market. DeFiLlama data shows the global stablecoin market size is approximately $307 billion, with Tether remaining one of the major holders of U.S. Treasury securities. Asset management firm BlackRock has launched two tokenized money market products aimed at stablecoin issuers to help meet reserve requirements under the U.S. GENIUS Act. One of the funds tokenizes shares of its existing Treasury liquidity strategy on Ethereum, while the other is an institutional-grade money market instrument designed to support multiple chains and automatically reinvest returns.
Odaily News - Ethereum Improvement Proposal EIP-8363 ("Tapered Issuance Burn") has triggered strong backlash from the community, becoming one of the most contentious debates over Ethereum's economic model since The Merge. The proposal, put forward by Ethereum Foundation researcher Justin Drake, ETHCC co-founder Jerome de Tychey, and others, aims to gradually reduce validator rewards as the ETH staking ratio rises, ultimately bringing new issuance down to zero when staked ETH reaches 50% of the total supply.However, the proposal has drawn opposition from DeFi developers, staking service providers, and institutional investors alike. Critics argue that lowering staking yields could weaken the network's decentralization, disrupt Ethereum's DeFi ecosystem, and heighten market uncertainty around ETH's monetary policy. Opponents believe market mechanisms can already naturally regulate staking demand. Berryman noted that as yields decline to around 2%, new staking demand may naturally taper off, without the need for protocol-level changes to issuance policy.Ether.fi founder Mike Silagadze stated that the proposal is "detrimental to decentralization, Ethereum adoption, and the network's reputation." Bitwise Ethereum business lead Steve Berryman also pointed out that institutional investors require policy certainty, and adjusting the issuance mechanism could introduce additional uncertainty. Greg Koumoutsos, technical research lead at the Lido Labs Foundation, noted that Ethereum pays not only in "slashable ETH" but also in decentralization, node diversity, censorship resistance, and network resilience. Aave founder Stani Kulechov also warned that reducing ETH staking yields could impact the DeFi ecosystem, as a large volume of staking derivatives has become an integral part of lending and yield strategies.Additionally, the community is concerned that lowering staking rewards could paradoxically intensify centralization. Since individual validators lack economies of scale, declining yields may drive smaller nodes to exit, while large exchanges and institutional staking providers—backed by greater business demand—could continue expanding their market share.Currently, EIP-8363 involves not only staking reward adjustments but has also sparked broad discussions over Ethereum's long-term monetary policy, governance stability, and institutional confidence. The community believes that such a significant change to the economic model requires more thorough debate and a longer evaluation period. (Cointelegraph)
The U.S. Digital Asset Market Clarity Act (CLARITY Act) failed to seize a critical advancement window before the Senate's summer recess, and the market is now focusing on whether the U.S. crypto industry can continue to develop even if the bill ultimately fails.Analysts believe that if the CLARITY Act fails to pass, it would be a significant setback for the crypto industry, but not a fatal blow. The bill was designed to clarify the boundaries between securities, commodities, and other categories of digital assets, determine the agencies responsible for overseeing related businesses, and grant the U.S. Commodity Futures Trading Commission (CFTC) clearer regulatory authority over crypto commodity trading.Currently, the bill's progress has stalled, and the likelihood of comprehensive crypto market structure legislation being enacted before the end of the year is declining. This means the U.S. may still lack a clear digital asset regulatory framework, particularly regarding oversight of trading in major crypto assets such as Bitcoin (BTC) and Ethereum (ETH), where jurisdictional gaps remain between the CFTC and the U.S. Securities and Exchange Commission (SEC).However, industry insiders point out that even if the CLARITY Act fails, the SEC and CFTC are still likely to continue advancing industry development through policy statements, regulatory guidance, and existing enforcement authority.In recent years, both agencies have issued multiple pieces of guidance clarifying the regulatory boundaries of business models such as crypto mining, Meme coins, and staking rewards. One of the most significant measures among these is the digital asset taxonomy framework, which seeks to establish standardized regulatory classifications for different types of digital assets. (CoinDesk)
The Ethereum Foundation (EF) is globally recruiting Protocol Security Researchers (Remote Full-time), a role within the Protocol Security team. The team is responsible for identifying and intercepting vulnerabilities before they reach mainnet, with work covering Execution Layer/Consensus Layer security reviews, AI-assisted vulnerability discovery, fuzzing, specification audits, and coordinating vulnerability disclosure. Candidates are required to have deep experience with the Ethereum protocol, be familiar with EL/CL specifications and client implementations, and be proficient in languages such as Go, Rust, Java, C#, Nim, or Python. There are no hard requirements on years of work experience, with technical depth being the core consideration.
Odaily News: Aave founder Stani Kulechov published a lengthy post stating that Ethereum's EIP-8361 progressive issuance burn proposal has systemic issues. The proposal aims to gradually burn consensus layer issuance rewards, reducing the net staking yield to zero when the total amount of staked ETH reaches 60.25 million, approximately 50% of the total supply. Stani Kulechov believes that the second-order ripple effects of this proposal have not been fully modeled and could damage the foundations of the Ethereum ecosystem across multiple dimensions. He stated that a zero-yield mechanism may exacerbate staking centralization, with home validators being the first to exit due to fixed costs such as hardware and electricity, while non-yield-driven entities like ETF issuers, exchanges, and corporate treasury funds will remain. MEV rewards, which are unaffected by the proposal, would also expand the advantages of top professional operators. He also noted that individual stakers could face tax and operational risks. If tax authorities calculate taxes based on the full issuance amount and classify the burned portion as a capital loss, home node operators could experience after-tax losses. With penalty standards for faults remaining unchanged, the node recovery period after a fault could be extended by up to 14 times as net yields decline. Stani Kulechov stated that staking yields serve as the pricing benchmark for on-chain ETH interest rates. A decline in yields could cause DeFi lending and fixed-income markets to lose their pricing anchor, potentially driving on-chain capital toward stablecoins offering 4% to 5% annual returns. For institutional investors, predictable yields are a core competitive advantage of ETH relative to BTC. If yields fall to zero while volatility increases, ETH's differentiation in the store-of-value track would diminish. He also pointed out that after the proposal is implemented, MEV's share of total validator revenue could rise from the current 7% to nearly 30%, potentially incentivizing operators to prioritize relay nodes that support censorship, thereby weakening Ethereum's credible neutrality. If an MEV burn mechanism is subsequently added, validator revenue could be nearly eliminated. Stani Kulechov suggested that the proposal's authors release after-tax yield assessments for individual node operators, tax opinions from major jurisdictions, and cascade risk models for the DeFi ecosystem, while setting a non-zero net yield floor. He believes that staking centralization should be addressed directly with targeted measures, rather than by suppressing validator yields across the board.
: Asset management giant BlackRock has announced the launch of two tokenized money market products: the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). BSTBL will offer Ethereum-based tokenized shares of an existing money market fund. These on-chain shares can be transferred between approved wallets, subject to regulatory compliance. BNY Mellon will serve as the transfer agent and tokenization service provider for BSTBL. BRSRV, meanwhile, is a new tokenized money market fund designed for digital-native institutional investors, supporting daily dividend reinvestment and multi-blockchain access, and can be used for a variety of digital asset applications, including stablecoin reserve management. Securitize will serve as the transfer agent and tokenization service provider for this fund.
According to QCP Group, the US Treasury, via the New York Fed, jointly purchased yen with the Japanese Ministry of Finance last Friday, marking the first US-Japan joint foreign exchange intervention action specifically to support the yen since 1998. Meanwhile, the US 30-year Treasury yield briefly rose to about 5.27%, hitting a new high since 2007, before falling back to 5.24%. QCP pointed out that the transmission path of this intervention to the crypto market mainly unfolds through yen carry trades—rapid yen appreciation may force investors holding yen funding positions to deleverage and buy back yen, subsequently affecting risk assets including BTC and ETH, reenacting the market volatility triggered by carry trade unwinding in August 2024. QCP reminded that current macro monitoring indicators should take the USD/JPY exchange rate, Japan funding costs, and US long-end Treasury yields into consideration; fiscal policy operations are increasingly becoming an important variable affecting the direction of global liquidity.
Odaily News – On July 30, the minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released a new analysis raising Democratic objections to the amended draft of the CLARITY Act. The analysis states that Donald Trump’s 2025 crypto revenue amounts to approximately $1.4 billion, and that current ethics provisions still allow him to retain related business arrangements. The analysis reviews World Liberty Financial, the TRUMP meme coin, cryptocurrency investments, staking income, and other business activities, concluding that provisions restricting officials from issuing or sponsoring digital assets would not materially affect the aforementioned financial arrangements. Staff estimated approximately $799 million in revenue related to World Liberty Financial and approximately $635 million from the TRUMP meme coin. Trump’s annual financial disclosure report lists $635.1 million in royalties from a licensing agreement with CIC Digital LLC related to Celebration Coins, along with Bitcoin and Ethereum wallets each valued at over $50 million, and validator rewards obtained through staking agreements on Coinbase. The Senate draft of the CLARITY Act seeks to prohibit covered officials and their spouses from issuing or sponsoring digital assets for compensation during specified periods, while also establishing exceptions for qualified blind trusts, unauthorized third-party activities, continued use of an official’s likeness, and holding digital asset investments.
Odaily News, Tom Lee, Chairman of Bitmine, an Ethereum treasury company, said in a post on X that an increasing number of public institutions and major organizations have stepped forward to support the CLARITY Act. If the Act fails to pass smoothly, the U.S. could lose its leading edge in the digital finance sector and cede dominance to other countries. He also expressed that, as Ethereum marks its 11th anniversary, he looks forward to "exponential progress" for Ethereum over the next 11 years, continuing to drive growth in the digital asset and blockchain ecosystem.
Odaily News: According to monitoring by Galaxy's Head of Research, a victim's Coldcard wallet was compromised in a hacker attack involving nearly 30 BTC, of which 17 BTC were swapped for ETH via THORChain and subsequently deposited into Duel.comcasino. The victim and a researcher have sent emails to all known addresses associated with Duel.comcasino, requesting that the relevant funds be frozen, and provided all transaction and deposit information. The hacker deposited 229.72497255 ETH, valued at $445,000, into Duel.comcasino—funds originating from the Coldcard attack involving approximately 30 BTC. The victim stated that Duel.comcasino responded by saying that the police would need to contact their team. Duel.comcasino's anti-money laundering policy claims it enforces Know Your Customer (KYC) procedures and complies with all applicable laws. Duel.comcasino was notified within minutes of the deposit being completed. To date, Duel.comcasino has not frozen the relevant funds. Since most of the Western world had already passed midnight at the time of the incident, police reports cannot be filed until at least Monday. If Duel.comcasino fails to freeze the funds, the victim will pursue legal action against them. Duel.comcasino's X account has been suspended, and Galaxy's Head of Research has also flagged individuals on X suspected of being associated with the platform, including team members and dealers: @korraflow, @atrois7, @MiaMalkova.
Odaily News: Zurich-based crypto bank Sygnum Bank has integrated its regulated cryptocurrency services into the Bancastato online banking system, allowing clients in the Swiss canton of Ticino to buy, hold, and sell BTC, ETH, LTC, and SOL via Bancastato's web and mobile platforms without needing to open a separate exchange account. Bancastato has become the first bank to offer cryptocurrency trading through Sygnum's application programming interface within an Avaloq software-as-a-service banking environment. Clients can place market orders based on cryptocurrency quantity or dollar value, with Sygnum handling trade execution while Bancastato retains the client relationship, brand, and front-end experience. Sygnum stated that its B2B platform has provided trading, custody, compliance, and settlement infrastructure to more than 25 banks and international financial institutions, including partners such as Zuger Kantonalbank, Luzerner Kantonalbank, Postfinance, and VZ Vermögenszentrum. Sygnum noted that these collaborations have delivered regulated digital asset services to over one-third of the Swiss population through existing banking relationships.
Trader Doctor Profit stated that his current key positioning is the "Galactic Three", namely Circle, Coinbase, and ETH, believing that the three correspond to compliant stablecoin issuance, crypto asset custody and trading, and tokenization and smart contract infrastructure respectively, and are core targets in the reshaping of the financial system in this new cycle.
: The Ethereum Foundation has announced that Pascal Caversaccio, also known as pcaversaccio (or "pc"), has joined its Board of Directors, increasing the board's membership to four.Caversaccio is a co-founder of the Ethereum security organization SEAL 911 and a well-known security expert and privacy advocate within the crypto ecosystem. He has gained attention for his technical security capabilities, as well as his commentary on cypherpunk culture, privacy, and decentralization, and is the author of the "Ethereum Cypherpunk Manifesto".Aya Miyaguchi, Chair of the Ethereum Foundation, stated that Caversaccio brings not only security and privacy expertise but also practical experience highly aligned with Ethereum's core values. She expressed anticipation for the new perspective he will bring to the foundation, pushing it to think more deeply about security and privacy issues.Currently, the Ethereum Foundation Board of Directors includes Aya Miyaguchi, Ethereum co-founder Vitalik Buterin, Swiss legal representative Patrick Storchenegger, and the newly added Caversaccio. The foundation stated that the board acts like a "security committee," responsible for protecting the foundation's core mission and ensuring its compliance as a Swiss foundation.This appointment is also part of recent adjustments within the Ethereum ecosystem's governance. As the foundation has faced discussions regarding organizational changes, governance transparency, and roadmap coordination in recent years, the inclusion of a figure focused on security and privacy on the board may further strengthen Ethereum's cypherpunk positioning and long-term value narrative.
the token is issued by Anchorage Digital Bank, can be natively minted and redeemed on Celo, and can be directly used to pay on-chain gas fees via Celo's fee abstraction mechanism. USAT went live in January this year and currently has a market cap of approximately $185 million.
According to Cryptopolitan, the Central Bank of Russia (CBR) has released a draft of supporting regulatory rules for the cryptocurrency market, covering registration and operational requirements for crypto exchanges, digital depository institutions, and token issuers. The draft stipulates that the minimum net assets of digital depository institutions must range between 50 million and 250 million rubles (approximately $600,000 to $3 million), depending on the nature of the business. These rules will supplement the "Law on Digital Currency and Digital Rights" passed by the Russian State Duma earlier this month, which is expected to officially take effect on September 1, 2026. Under the new framework, non-qualified investors are limited to purchasing mainstream assets such as BTC, ETH, and USDT annually, with a cap of $4,000; industry participants will have a transition period until March 1, 2027, to complete compliance and approval procedures.
Ethereum staking protocol Lido stated on X platform that today's stETH Rebase has been completed as expected, and has compensated for the ETH rewards missed yesterday due to calculation deficiencies. The corresponding annual percentage rate (APR) is approximately 2.29%. Additionally, the protocol's oracle has been updated and passed audit. The new version will improve report processing speed and help locate the cause more quickly when similar issues arise in the future.Regarding the yield calculation anomaly that occurred yesterday, Lido stated that contributors are still conducting a root cause analysis. Further investigation details will be published on the official forum and social platforms. Throughout the entire incident, user funds were never at risk. Preliminary analysis suggests the issue may have stemmed from a specific edge case: the yield report from yesterday omitted a validator that was in a pending deposit status, causing some staking rewards to be excluded from the calculation.Lido stated that a complete post-mortem report will be released in the coming days to further explain the cause of the issue, remediation measures, and subsequent improvement plans.
Odaily Odaily News, July 24: On-chain数据显示，加密盗窃嫌疑人 Dritan Kapllani Jr 于 7 月 22 日再次清洗 126.7 枚 ETH，价值约 23.9 万美元。此前，链上侦探 ZachXBT 调查披露，Dritan Kapllani Jr 涉嫌通过社会工程手段盗窃加密货币持有者资产，涉案总额达 1900 万美元。Dritan Kapllani Jr 长期在社交媒体上展示豪车、名表、私人飞机等生活内容，并于 2026 年 4 月 23 日在 Discord 通话中公开展示其 Exodus 钱包内 368 万美元资产。
Odaily news The U.S. Securities and Exchange Commission (SEC) has agreed to pay $150,000 to resolve a Freedom of Information Act (FOIA) lawsuit concerning its records on the Ethereum investigation. According to a joint case status report filed on July 22, the SEC and the plaintiff, History Associates Inc., have reached a settlement and have requested the United States District Court for the District of Columbia to dismiss the case.Under the agreement, the SEC will continue to provide the remaining relevant documents and pay a fixed amount to cover the plaintiff's legal fees. The lawsuit was filed by History Associates in June 2024. This agency, commissioned by Coinbase, demanded the SEC disclose materials related to its regulatory investigation of Ethereum, including investigation files on Zachary Coburn and Enigma MPC, as well as records of regulatory discussions regarding Ethereum's transition from proof-of-work (PoW) to proof-of-stake (PoS).Previously, this lawsuit prompted the SEC to deliver thousands of documents. The court also ordered the SEC to prioritize providing internal communications sent, received, or reviewed by then-Chairman Gary Gensler regarding Ethereum's migration from PoW to PoS.During the case, the SEC sparked controversy for deleting some of Gensler's text message records. The SEC's Office of Inspector General previously disclosed that the agency accidentally deleted Gensler's text messages from October 2022 to September 2023. Subsequent documents revealed that the SEC also wiped data from 21 senior officials' phones.Coinbase CEO Brian Armstrong stated that the incident highlights transparency issues within government agencies during the crypto regulatory process and noted that the relevant lawsuits aim to promote public access to the basis for regulatory decisions. With the SEC completing the submission of the remaining documents, this lawsuit, which has lasted for over two years, will officially come to an end. (CoinDesk)
LayerZero has announced a partnership with Keeta to support the transfer of tokenized commercial bank deposits across public chains including Keeta Network, Ethereum, Solana, and Base, aiming to provide institutional cross-chain settlement infrastructure.According to the announcement, the two parties will combine LayerZero's omnichain interoperability protocol with Keeta's compliance infrastructure to support institutions in fund management and payment operations. The newly introduced Keeta Stablecoins are backed by commercial bank deposits custodied by Bivo, a licensed fintech platform in the United States. Unlike traditional stablecoins, they correspond to real commercial bank deposits and allow the issuer to maintain control over the contract through LayerZero's Omnichain Fungible Token (OFT) standard.Keeta Stablecoins will launch later this month, initially supporting the US dollar, with future expansions to include the Euro, Japanese Yen, Chinese Yuan, British Pound, Canadian Dollar, Mexican Peso, UAE Dirham, Hong Kong Dollar, and other fiat currencies. (The Block)