# Bit Digital Pivots To Ethereum *The company has accumulated a treasury of 100,603 ETH, pivoting its corporate treasury from Bitcoin to Ethereum.* By [ETH Daily](https://ethdaily.io) · 2025-07-07 news, 2025, july2025 --- Quick Take ---------- * Bit Digital pivots its strategy to Ethereum. * U.S. Treasury drops Tornado Cash lawsuit appeal. * Vitalik advocates for copyleft licensing. * Unichain launches CFM experiment. * * * [ Bit Digital Pivots To Ethereum ------------------------------ Listen to this episode from ETH Daily - Ethereum News on Spotify. Bit Digital pivots its strategy to Ethereum. The U.S. Treasury drops its appeal in a Tornado Cash lawsuit. Vitalik advocates for copyleft licensing. And Unichain launches its futarchy funding experiment. Read more: https://ethdaily.io/734 Disclaimer: Content is for informational purposes only, not endorsement or investment advice. https://spotify.com ![](https://storage.googleapis.com/papyrus_images/f0ac39061c80dae64659b16919677a6a.jpg) ](https://open.spotify.com/episode/0RM3Pfjye4BqZWgrMGvzmF) * * * Bit Digital Pivots To Ethereum ------------------------------ Bit Digital, Inc. [announced](https://www.prnewswire.com/news-releases/bit-digital-shifts-entire-treasury-to-ethereum-becomes-one-of-the-largest-eth-holders-among-public-companies-302498824.html) a pivot in its corporate treasury from Bitcoin to Ethereum. After raising $172 million through an equity offering and selling approximately 280 BTC, the company accumulated a treasury of more than 100,000 ETH. CEO Sam Tabar highlighted Ethereum’s programmable capabilities, staking yields, and growing adoption as key drivers behind the move. Bit Digital plans to stake its ETH holdings to generate ongoing yield, positioning itself as a publicly traded platform focused on Ethereum-native treasury management and staking operations. The company joins other global corporate ETH holders such as Sharplink Gaming, BTCS Inc., and Bitmine Inc. U.S. Treasury Drops Tornado Cash Appeal --------------------------------------- The U.S. Treasury has [dropped](https://x.com/valkenburgh/status/1942262643546292443) its appeal in a lawsuit filed by crypto advocacy non-profit Coin Center. Coin Center and the Treasury agreed to end the lawsuit after recent court rulings concluded that OFAC’s sanctions on Tornado Cash smart contracts exceeded the Treasury’s statutory authority. The U.S. Court of Appeals for the Eleventh Circuit granted a motion to dismiss the case, officially ending Coin Center’s legal battle against OFAC. Coin Center filed the lawsuit against OFAC in October 2022, arguing that the agency lacked the authority to sanction smart contracts. In January 2025, the U.S. Court of Appeals for the Fifth Circuit ruled in favor of the argument, finding that the Treasury had overstepped its legal powers. Despite this legal victory, Tornado Cash developer Roman Storm is still scheduled to go to trial on July 14, 2025. Vitalik Supports Copyleft Licensing ----------------------------------- Vitalik Buterin [published](https://vitalik.eth.limo/general/2025/07/07/copyleft.html) a blog post reflecting on open-source licenses, explaining that he now favors copyleft licenses over permissive licenses. Both are types of open-source licenses, but the key difference is that copyleft licenses require that any modified or derivative work be released under the same license. In contrast, permissive licenses like MIT or CC0 allow anyone to use, modify, and redistribute the work with minimal restrictions, even in proprietary projects. Buterin higlighted copyleft’s approach of “using copyright against itself” to enforce openness without posing strict licensing requirements on enterprises in crypto. Unichain Futarchy Pilot Goes Live --------------------------------- The Uniswap Foundation’s Conditional Funding Markets (CFM) pilot, a futarchy-based funding experiment, is [now live](https://x.com/UniswapFND/status/1942234759792599373) on Unichain. Users can deposit USDC into their Butter Smart Wallet to predict which protocols will generate the most TVL growth if awarded grants for user incentives. Participating protocols include Compound Finance, Euler, Morpho, and Venus. Forecasters can earn rewards based on the accuracy of their predictions once the markets settle using actual TVL data. Protocol 🛠 ----------- * Besu 25.7.0 [release](https://x.com/HyperledgerBesu/status/1940691047119761823) * Erigon v3.0.12 [release](https://github.com/erigontech/erigon/releases/tag/v3.0.12) * EIP-7983 [breakdown](https://x.com/eth_everstake/status/1942243047233757347) * PeerDAS is Fusaka [headline](https://x.com/trent_vanepps/status/1941653730228678715) EIP * CLZ EIP-7939 [benefits](https://x.com/optimizoor/status/1942277301309505823) * Blob Notaries: [publishing design](https://ethresear.ch/t/blob-notaries-a-distributed-blob-publishing-design-to-scale-da/22709) Ecosystem 🌱 ------------ * PrivacyLinks [browser wallet](https://x.com/mmilien_/status/1941874805973672260) * 58 Global [Ethereum meetups](https://x.com/0xstark/status/1942239160472949125) * Boundless [releases](https://x.com/boundless_xyz/status/1940852941679743030) manifesto * ETH Strategy [coming soon](https://x.com/eth_strategy/status/1941228967618597214) * EF [funds](https://argot.org/blog/ef-grant-announcement) Argot Collective * MSilb7 [exits funds](https://x.com/MSilb7/status/1940936707387363380) from OP to L1 * Virtuals [launches](https://x.com/virtuals_io/status/1940818360444637408) ACP public beta * Bungee [mini app](https://x.com/BungeeExchange/status/1940737021867442186) on Farcaster * Privacy Pool feature [updates](https://x.com/0xprivacypools/status/1940732245893079382) * Nethermind [partners](https://x.com/NethermindEth/status/1942159401739317665) with Taiko * Chainlink [goes live](https://x.com/katana/status/1942313397825192443) on Katana * Bhilai Hardfork goes [live on](https://x.com/0xPolygon/status/1940055421496250602) Polygon * Kuru [raises](https://x.com/KuruExchange/status/1942223166165884948) $11.6m Series A Reads 📚 -------- * Distributed validators [adoption cycle](https://x.com/iDecentralized/status/1942234667551441376) * A New [Vision For Ethereum](https://x.com/francescoweb3/status/1941173965562450015) * Private [MEV Protection RPCs](https://arxiv.org/abs/2505.19708) * Tom Lee [says](https://x.com/Cointelegraph/status/1940460801883599120) banks will buy ETH * Senator Lummis [introduces](https://www.lummis.senate.gov/press-releases/lummis-unveils-digital-asset-tax-legislation/) tax bill Institutional 🏦 ---------------- * Vivek’s [ETH narrative](https://x.com/VivekVentures/status/1940798688944967876) for Wall St * SharpLink Gaming: [ETH is the Strategy](https://x.com/SharpLinkGaming/status/1940767850714812630) * Tom Lee [comments on](https://x.com/MKjrstad/status/1941761174980178404) ETH * Goldfeder [comments on](https://x.com/laurashin/status/1941105346056982874) Robinhood * * * Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed. --- *Originally published on [ETH Daily](https://ethdaily.io/734)*