Gm frENS. Happy Tuesday, keep pushing through!

• CFTC tokenized collateral initiative.

• Cloudflare supports x402.

• Uniswap x The Compact v1

• ETHZilla raises $350 million.

The Commodity Futures Trading Commission (CFTC) announced a new initiative to enable the use of tokenized collateral, including stablecoins, in derivatives markets. Acting Chairman Caroline D. Pham highlighted the potential of tokenized collateral to modernize collateral management and improve capital efficiency while ensuring responsible innovation in partnership with stakeholders. The initiative builds on the February 2025 Crypto CEO Forum and aligns with recommendations from the President’s Working Group on Digital Asset Markets. A pilot program is under consideration to test digital asset frameworks with clear regulatory guardrails. The CFTC is accepting public comments on the initiative through October 20, 2025.

Cloudflare, the world’s largest Content Delivery Network (CDN), integrated the x402 payments protocol into its Agents SDK and MCP Servers, enabling developers to build agentic commerce applications with pay-per-use payments for APIs, AI agents, and compute. Cloudflare and Coinbase also launched the x402 Foundation. The foundation aims to establish x402 as the universal standard for AI-driven payments across industries and platforms. x402 is an open protocol that extends the HTTP 402 Payment Required status code into a functional payment negotiation layer, supporting instant, stablecoin-based transactions and deferred settlement.

Uniswap introduced The Compact v1, an ownerless ERC-6909 contract for reusable resource locks that establishes a shared standard for cross-chain infrastructure. It abstracts away complexity, ensures interoperability, and enables composable cross-domain applications, moving beyond siloed escrow systems. Resource Locks are created when tokens are deposited into The Compact and represented as ERC-6909 tokens. On top of these, Compacts act as programmable commitments that define the rules for when and how locked resources can be claimed. The system already powers cross-chain swaps on UniswapX and is being adopted by LI.FI, Rhinestone, and others.

ETHZilla, a digital asset treasury company, raised an additional $350 million through new convertible debt. The raise provides capital for ETHZilla to continue actively deploying ETH into DeFi and tokenized real-world assets. The company has accumulated an ETH treasury of 102,264 ETH at an average price of $3,949, currently worth about $462 million. ETHZilla currently ranks eighth among public ETH treasury companies.

• Nethermind road to zk

• YC x Coinbase onchain startups

• CSM v2 onchain release vote

• EigenDA V2 core architecture

• WalletConnect builder rewards

• Ready Wallet mobile wallet

• Chaos Labs partners with Ethereal

• Tether raising at $0.5t valuation

• Arbitrum bridge UX

That's it for today! If you enjoyed today's read, please support us with a donation 🌱

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

Gm frENS. Happy Tuesday, keep pushing through!

• CFTC tokenized collateral initiative.

• Cloudflare supports x402.

• Uniswap x The Compact v1

• ETHZilla raises $350 million.

The Commodity Futures Trading Commission (CFTC) announced a new initiative to enable the use of tokenized collateral, including stablecoins, in derivatives markets. Acting Chairman Caroline D. Pham highlighted the potential of tokenized collateral to modernize collateral management and improve capital efficiency while ensuring responsible innovation in partnership with stakeholders. The initiative builds on the February 2025 Crypto CEO Forum and aligns with recommendations from the President’s Working Group on Digital Asset Markets. A pilot program is under consideration to test digital asset frameworks with clear regulatory guardrails. The CFTC is accepting public comments on the initiative through October 20, 2025.

Cloudflare, the world’s largest Content Delivery Network (CDN), integrated the x402 payments protocol into its Agents SDK and MCP Servers, enabling developers to build agentic commerce applications with pay-per-use payments for APIs, AI agents, and compute. Cloudflare and Coinbase also launched the x402 Foundation. The foundation aims to establish x402 as the universal standard for AI-driven payments across industries and platforms. x402 is an open protocol that extends the HTTP 402 Payment Required status code into a functional payment negotiation layer, supporting instant, stablecoin-based transactions and deferred settlement.

Uniswap introduced The Compact v1, an ownerless ERC-6909 contract for reusable resource locks that establishes a shared standard for cross-chain infrastructure. It abstracts away complexity, ensures interoperability, and enables composable cross-domain applications, moving beyond siloed escrow systems. Resource Locks are created when tokens are deposited into The Compact and represented as ERC-6909 tokens. On top of these, Compacts act as programmable commitments that define the rules for when and how locked resources can be claimed. The system already powers cross-chain swaps on UniswapX and is being adopted by LI.FI, Rhinestone, and others.

ETHZilla, a digital asset treasury company, raised an additional $350 million through new convertible debt. The raise provides capital for ETHZilla to continue actively deploying ETH into DeFi and tokenized real-world assets. The company has accumulated an ETH treasury of 102,264 ETH at an average price of $3,949, currently worth about $462 million. ETHZilla currently ranks eighth among public ETH treasury companies.

• Nethermind road to zk

• YC x Coinbase onchain startups

• CSM v2 onchain release vote

• EigenDA V2 core architecture

• WalletConnect builder rewards

• Ready Wallet mobile wallet

• Chaos Labs partners with Ethereal

• Tether raising at $0.5t valuation

• Arbitrum bridge UX

That's it for today! If you enjoyed today's read, please support us with a donation 🌱

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