• SEC statement on protocol staking.

• EIP-7917 is SFI'd for Fusaka.

• Base sustains 1,000 TPS.

• Etherealize announces open roles.

The SEC’s Division of Corporation Finance issued a statement clarifying that certain types of protocol staking on proof-of-stake (PoS) networks do not constitute securities. Protocol staking refers to the process by which users lock up assets to validate transactions and maintain the security of a PoS network, earning rewards in return. The Division concluded that solo staking, self-custodial staking with a third party, and custodial staking are not securities transactions. Such staking participants are not required to register with the SEC. The statement follows prior guidance clarifying proof-of-work mining activities.

Ethereum core developers agreed to include EIP-7917 in the upcoming Fusaka hard fork. The proposal is intended to eliminate the unpredictability in the beacon chain’s proposer schedule by making it deterministic. It aims to simplify the implementation of preconfirmation protocols. It also introduces a new field in the beacon state called proposer_lookahead, which lists validator indexes for upcoming epochs. EIP-7917 will be part of the fusaka-devnet-1 release, which will include seven EIPs. The inclusion makes EIP-7917 the eighth proposal scheduled for inclusion (SFI’d) in the Fusaka upgrade.

Base, Coinbase’s Layer 2 rollup, hit a new milestone in transaction activity, sustaining 1,000 transactions per second during the launch of a new token on the Virtuals Protocol AI platform. According to L2Beat, Base maintained an average throughput of 160 TPS for the day. Growthepie data shows that the network recorded over 1.6 million daily active addresses on May 29. With nearly $15 billion in Total Value Secured, Base now stands as the largest rollup by TVL, active addresses, and throughput.

Etherealize, a business development arm for Ethereum dedicated to connecting institutional investors with the Ethereum ecosystem, is hiring across engineering, legal, marketing, and operations. New team members will get to work with Etherealize co-founder and former Ethereum researcher Danny Ryan. Etherealize is building institutional-grade infrastructure to bring Wall Street onchain, with a focus on compliant, efficient, and programmable tokenized real-world assets.

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