Gm frens, Happy Monday and Happy Merge Day

• EF launches an AI team.

• Fusaka audit contest goes live.

• MetaMask launches mUSD.

• Aave v4 targeted Q4 2025.

• Base explores a network token.

Today marks the third anniversary of Ethereum’s Merge, the upgrade that transitioned the network from proof-of-work to proof-of-stake consensus. Since then, Ethereum has reduced its energy consumption by ~99.99%, while ETH issuance has remained deflationary. Ethereum has also activated three additional upgrades since The Merge at a cadence of one upgrade each year.

The Fusaka audit contest is now live on Sherlock, with up to $2 million in rewards available in bounty payouts for bugs found over the next four weeks. Security researchers can earn multipliers for bugs found within the first two weeks. The contest aims to test the Fusaka upgrade and surface vulnerabilities before they can impact Ethereum mainnet. Fusaka is Ethereum’s next upgrade, expected in Q4 2025. Fusaka currently includes about 13 EIPs, with Peer Data Availability Sampling as the headliner feature. Outside Fusaka, Sherlock continues to run its Ethereum Bug Bounty Program, offering rewards of up to $250,000.

The Ethereum Foundation launched the Decentralized AI (dAI) Team to make Ethereum the preferred settlement and coordination layer for AI agents. The team will focus on enabling AI agents and robots to pay, coordinate, and follow rules leveraging Ethereum, while ensuring AI doesn’t rely on centralized entities by building open, verifiable, censorship-resistant alternatives. The EF is hiring a Member of AI Staff to work on research and an AI Project Manager for coordination.

MetaMask launched MetaMask USD (mUSD), its wallet-native stablecoin pegged to the U.S. Dollar, on Ethereum and Linea mainnet. Issued by Bridge and powered by the M0 protocol, mUSD is backed by short-term U.S. Treasury bills. As the first stablecoin created by a self-custodial wallet, mUSD features integrations with lending markets, DEXs, bridges, and offers liquidity incentives on Linea. Users can buy mUSD through MetaMask’s fiat onramps, swap directly in-wallet, and spend globally via MetaMask Card at Mastercard merchants, bridging TradFi and DeFi.

Enjoying today's read? Please consider donating to the Ethereum Education Cause on Giveth to help fund projects like ETH Daily.

Aave released its launch roadmap for Aave V4, the next major upgrade to its lending protocol. The launch is targeted for Q4 2025, pending final milestones including formal verification, layered security audits, independent reviews, and a testnet launch. The roadmap also outlines a go-to-market strategy led by growth providers to ensure strong adoption, a smooth migration from V3, and stability through a training-wheels framework during rollout. The Aave Chan Initiative also published its “State of the Union” for the DAO, outlining a strategic doctrine focused on exiting weak L2s, consolidating dominance in profitable lending verticals, accelerating GHO stablecoin growth, and continuing token buybacks to strengthen AAVE’s value.

At BaseCamp 2025, a two-day Base event in Stowe, Vermont, Base founder Jesse Pollak announced that Base is beginning to explore the idea of a network token. While no specifics around timing, design, or governance have been determined, he emphasized the team’s commitment to building on Ethereum and in the open alongside the community.

• Testing Call #53 updates

• BPO fork schedule

• Etherealize report on Wall St.

• Privacy on Ethereum #11

• PSE 2025 roadmap

• BitMine buys 82k ETH

• EigenLayer introduces DevKit

• Boundless launches on mainnet

• Polymarket

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

Gm frens, Happy Monday and Happy Merge Day

• EF launches an AI team.

• Fusaka audit contest goes live.

• MetaMask launches mUSD.

• Aave v4 targeted Q4 2025.

• Base explores a network token.

Today marks the third anniversary of Ethereum’s Merge, the upgrade that transitioned the network from proof-of-work to proof-of-stake consensus. Since then, Ethereum has reduced its energy consumption by ~99.99%, while ETH issuance has remained deflationary. Ethereum has also activated three additional upgrades since The Merge at a cadence of one upgrade each year.

The Fusaka audit contest is now live on Sherlock, with up to $2 million in rewards available in bounty payouts for bugs found over the next four weeks. Security researchers can earn multipliers for bugs found within the first two weeks. The contest aims to test the Fusaka upgrade and surface vulnerabilities before they can impact Ethereum mainnet. Fusaka is Ethereum’s next upgrade, expected in Q4 2025. Fusaka currently includes about 13 EIPs, with Peer Data Availability Sampling as the headliner feature. Outside Fusaka, Sherlock continues to run its Ethereum Bug Bounty Program, offering rewards of up to $250,000.

The Ethereum Foundation launched the Decentralized AI (dAI) Team to make Ethereum the preferred settlement and coordination layer for AI agents. The team will focus on enabling AI agents and robots to pay, coordinate, and follow rules leveraging Ethereum, while ensuring AI doesn’t rely on centralized entities by building open, verifiable, censorship-resistant alternatives. The EF is hiring a Member of AI Staff to work on research and an AI Project Manager for coordination.

MetaMask launched MetaMask USD (mUSD), its wallet-native stablecoin pegged to the U.S. Dollar, on Ethereum and Linea mainnet. Issued by Bridge and powered by the M0 protocol, mUSD is backed by short-term U.S. Treasury bills. As the first stablecoin created by a self-custodial wallet, mUSD features integrations with lending markets, DEXs, bridges, and offers liquidity incentives on Linea. Users can buy mUSD through MetaMask’s fiat onramps, swap directly in-wallet, and spend globally via MetaMask Card at Mastercard merchants, bridging TradFi and DeFi.

Enjoying today's read? Please consider donating to the Ethereum Education Cause on Giveth to help fund projects like ETH Daily.

Aave released its launch roadmap for Aave V4, the next major upgrade to its lending protocol. The launch is targeted for Q4 2025, pending final milestones including formal verification, layered security audits, independent reviews, and a testnet launch. The roadmap also outlines a go-to-market strategy led by growth providers to ensure strong adoption, a smooth migration from V3, and stability through a training-wheels framework during rollout. The Aave Chan Initiative also published its “State of the Union” for the DAO, outlining a strategic doctrine focused on exiting weak L2s, consolidating dominance in profitable lending verticals, accelerating GHO stablecoin growth, and continuing token buybacks to strengthen AAVE’s value.

At BaseCamp 2025, a two-day Base event in Stowe, Vermont, Base founder Jesse Pollak announced that Base is beginning to explore the idea of a network token. While no specifics around timing, design, or governance have been determined, he emphasized the team’s commitment to building on Ethereum and in the open alongside the community.

• Testing Call #53 updates

• BPO fork schedule

• Etherealize report on Wall St.

• Privacy on Ethereum #11

• PSE 2025 roadmap

• BitMine buys 82k ETH

• EigenLayer introduces DevKit

• Boundless launches on mainnet

• Polymarket

Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.