ETH DailyJP Morgan Buys $102m BMNR Shares
J.P. Morgan acquired 1,974,144 shares of BitMine Immersion Technologies Inc. (BMNR), the world’s largest Ethereum treasury company.
ETH DailySuccinct Announces $PROVE Airdrop
$PROVE is the native token of the Succinct Prover Network and will serve as payment for generating proofs, economic security through staking and slashing, and governance.
ETH DailyEigenDA Launches On Holesky Testnet
Restakers, operators, rollup sequencers, and full nodes can now interact with EigenLayer on Holesky.
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A daily briefing on the latest in Ethereum. Learn about Ethereum, DeFi, staking, and ZK.
ETH DailyJP Morgan Buys $102m BMNR Shares
J.P. Morgan acquired 1,974,144 shares of BitMine Immersion Technologies Inc. (BMNR), the world’s largest Ethereum treasury company.
ETH DailySuccinct Announces $PROVE Airdrop
$PROVE is the native token of the Succinct Prover Network and will serve as payment for generating proofs, economic security through staking and slashing, and governance.
ETH DailyEigenDA Launches On Holesky Testnet
Restakers, operators, rollup sequencers, and full nodes can now interact with EigenLayer on Holesky.
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ETH DailyAave Generates $6 Million In Revenue
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ETH DailyAave Generates $6 Million In Revenue
According to Aave founder Stani Kulechov, the lending protocol generated $6 million in revenue over the weekend amid the market turmoil. The revenue came from liquidation events, which occur when a borrower’s health factor falls below the liquidation threshold. Aave remained operational without outages amid liquidations of $1 billion across the crypto markets. The Aave V3 Ethereum market alone liquidated over 1,000 positions and more than $220 million in debt. The largest single liquidation involved $7.4 million worth of WETH to cover a $10 million USDC loan, which generated $800k for the protocol. Aave is the third largest protocol on Ethereum, with over $10 billion TVL.
During the Base Camp summit, Ethereum creator Vitalik Buterin emphasized that the next challenge for the Ethereum community to solve is cross-L2 interoperability. Base lead Jesse Pollak inquired about what the community should focus on given EIP-4844 is live and the advancements made in account abstraction. Buterin highlighted that cross-L2 interoperability would address account abstraction issues and the fragmented experience across Ethereum's extended chains. He suggested that contributors focus on the cross-chain address standard ERC-3770, cross-chain intents standard ERC-7683, and CCIP Read standard ERC-3668. He added that people will be surprised by how quickly we get a smooth user experience across Ethereum.
General ticket sales for Devcon VII will go live on Tuesday, August 13th at 16:00 UTC. General Admission tickets are priced at $599 with discounts available for past attendees, public goods projects, open-source contributors, and local SEA builders. Devcon VII is the largest Ethereum developer conference, set to take place in Bangkok, Thailand, from November 12-15.
Infiniex releases its whitepaper
Noble introduces cross-chain USDC transfers
1inch hits $2.2b 24hr volume
Elastic Chain v24.2 upgrade
Base style guide is open-source
Zerion supports Redstone
Warren opposes prediction markets
Building a unified Superchain
EIP-7702 incrementing nonce challenges
Cartridge raises $7.5m
According to Aave founder Stani Kulechov, the lending protocol generated $6 million in revenue over the weekend amid the market turmoil. The revenue came from liquidation events, which occur when a borrower’s health factor falls below the liquidation threshold. Aave remained operational without outages amid liquidations of $1 billion across the crypto markets. The Aave V3 Ethereum market alone liquidated over 1,000 positions and more than $220 million in debt. The largest single liquidation involved $7.4 million worth of WETH to cover a $10 million USDC loan, which generated $800k for the protocol. Aave is the third largest protocol on Ethereum, with over $10 billion TVL.
During the Base Camp summit, Ethereum creator Vitalik Buterin emphasized that the next challenge for the Ethereum community to solve is cross-L2 interoperability. Base lead Jesse Pollak inquired about what the community should focus on given EIP-4844 is live and the advancements made in account abstraction. Buterin highlighted that cross-L2 interoperability would address account abstraction issues and the fragmented experience across Ethereum's extended chains. He suggested that contributors focus on the cross-chain address standard ERC-3770, cross-chain intents standard ERC-7683, and CCIP Read standard ERC-3668. He added that people will be surprised by how quickly we get a smooth user experience across Ethereum.
General ticket sales for Devcon VII will go live on Tuesday, August 13th at 16:00 UTC. General Admission tickets are priced at $599 with discounts available for past attendees, public goods projects, open-source contributors, and local SEA builders. Devcon VII is the largest Ethereum developer conference, set to take place in Bangkok, Thailand, from November 12-15.
Infiniex releases its whitepaper
Noble introduces cross-chain USDC transfers
1inch hits $2.2b 24hr volume
Elastic Chain v24.2 upgrade
Base style guide is open-source
Zerion supports Redstone
Warren opposes prediction markets
Building a unified Superchain
EIP-7702 incrementing nonce challenges
Cartridge raises $7.5m
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