• Code Is Law film is now streaming.

• Coinbase acquires Echo for $375m.

• Debates over Polygon PoS’s L2 status.

• Shutter introduces Permanent Private Voting.

Code Is Law, a feature documentary exploring crypto hacks through the lens of the “code is law” philosophy, is now streaming on Amazon Prime, Apple TV, Vimeo, and YouTube. The film traces key hacks, including The DAO hack in 2016, the Indexed Finance exploit in 2021, and the KyberSwap exploit in 2023. The film features Ethereum community members Griff Green and Lefteris Karapetsas, who both played crucial roles in The DAO’s creation and recovery efforts. The film also traces hackers Andean Medjedovic and Avi Eisenberg, both of whom invoked “code is law,” the notion that if code executes as written, its outcomes are valid, as part of their legal defense.

Coinbase acquired Echo, the onchain capital-raising platform founded by crypto influencer Cobie, in a deal valued at $375 million in cash and stock. The total includes a $25 million NFT purchase by Coinbase for a new season of UpOnly TV, which is co-hosted by Cobie. Echo enables direct community-driven fundraising through both private and public token sales. Coinbase plans to integrate Echo’s tools to simplify how crypto teams raise capital from their communities while giving investors early access to emerging opportunities. Since its launch in April 2024, Echo has facilitated over $200 million in funding across more than 300 deals. 

Growthepie co-founder Matze announced openness to adding Polygon PoS to its Ethereum ecosystem analytics tracker, following Polygon leadership's concerns about a lack of recognition within the Ethereum community. The debate was sparked by an Ethereum Foundation (EF) chart highlighting developer growth across Ethereum L1 and L2s, which categorized Polygon PoS separately. Polygon PoS has processed billions of transactions and powers apps like Polymarket, which is highlighted as a win for Ethereum. Per L2Beat standards, Polygon PoS is not yet classified as an L2 due to its lack of full data availability (DA) posting to Ethereum and the absence of a proof system anchored to Ethereum.

Shutter Network, an open-source threshold-encryption protocol, released a proof-of-concept for Permanent Shielded Voting in collaboration with Snapshot. The integration builds on its existing Shielded Voting mechanism on Snapshot to enable private voting for all DAOs. The implementation hides votes during and, in the upgraded model, after voting, while still enabling a verifiable audit.

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• Road to Core Solidity blog series

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• EF multisig migrates wallets

• Syndicate AVS Sequencer Network

• Maple syrupUSDT added to Aave

• Base is building private txs

• Farcaster channel spaces

• Trezor introduces Safe 7

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