
JP Morgan Buys $102m BMNR Shares
J.P. Morgan acquired 1,974,144 shares of BitMine Immersion Technologies Inc. (BMNR), the world’s largest Ethereum treasury company.

Succinct Announces $PROVE Airdrop
$PROVE is the native token of the Succinct Prover Network and will serve as payment for generating proofs, economic security through staking and slashing, and governance.

EigenDA Launches On Holesky Testnet
Restakers, operators, rollup sequencers, and full nodes can now interact with EigenLayer on Holesky.

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Scroll overcharges users.
WLFI borrowing strains Dolomite.
Redirecting staking rewards to builders.
Zerion temporarily disables its web app.

Lido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield. Two vaults, daily rewards, automatic compounding, and first-loss protection. Get started on

Scroll overcharges users.
WLFI borrowing strains Dolomite.
Redirecting staking rewards to builders.
Zerion temporarily disables its web app.

Lido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield. Two vaults, daily rewards, automatic compounding, and first-loss protection. Get started on

JP Morgan Buys $102m BMNR Shares
J.P. Morgan acquired 1,974,144 shares of BitMine Immersion Technologies Inc. (BMNR), the world’s largest Ethereum treasury company.

Succinct Announces $PROVE Airdrop
$PROVE is the native token of the Succinct Prover Network and will serve as payment for generating proofs, economic security through staking and slashing, and governance.

EigenDA Launches On Holesky Testnet
Restakers, operators, rollup sequencers, and full nodes can now interact with EigenLayer on Holesky.
Scroll, an EVM-equivalent ZK rollup, manually increased its fee scalars by up to 1,280x, leading to significant overcharging its users for transaction fees. According to L2BEAT, it resulted in over $50,000 in excess fees charged. The scalars control how much users pay for L1 data, but fees were far higher than the underlying costs. Engineers from Succinct reported paying over $20 per transaction on the L2 network. The inflated fees coincided with ether.fi migrating its credit card infrastructure from Scroll to OP Mainnet. Although Scroll later reduced the scalars by 160x, fees still remain about 8x above baseline without a clear reason and no response from the Scroll team.
World Liberty Financial, an Ethereum-based DeFi platform by Donald Trump, deposited 5 billion WLFI tokens from its treasury as collateral to borrow $75 million, comprising $65 million in USD1 and $10 million in USDC, via the Dolomite lending protocol on Ethereum mainnet. Notably, Dolomite co-founder Corey Caplan is an adviser to World Liberty Financial, raising conflict-of-interest concerns. The large collateral deposits have driven utilization rates on Dolomite to peak levels, leaving many stablecoin depositors unable to withdraw their assets. Utilization has exceeded 80% in the USD1 pool and 90% in the USDC pool. Since WLFI has thin liquidity, a potential liquidation could result in bad debt for Dolomite and losses for regular depositors. World Liberty Financial has already transferred $40 million to Coinbase Prime, likely for off-ramping.
Ethereum Foundation public goods researcher Devansh Mehta proposed an in-protocol mechanism to redirect a portion of Ethereum staking rewards toward funding developer teams that improve the operator experience. The aim is to trade slightly lower validator yields for a stronger ecosystem and higher long-term ETH value. The proposal would be introduced in a hard fork and coordinated through the Ethereum Validators Association. Validators would signal their gas capacity, the share of rewards they’re willing to redirect, and their preferred funding recipients. If a majority supports a redirect, the same contribution would be applied across all validators.
Zerion, a leading portfolio tracker and wallet provider, is advising users to temporarily avoid its web app while it investigates suspicious activity. As a precaution, it has taken the web app offline and blocked access using Blockaid to mitigate risk. Zerion confirmed that user funds remain safe, with only the web app affected. The iOS and Android apps, as well as the browser extension, continue to operate securely. Zerion later stated the attack is contained.
Ethereal news weekly #19
Ethereum Checkpoint #9
TheDAO Round Operators
Aave increases V4 deposit caps
Steakhouse DNS Attack update
Silo x Sonic oracles going offline
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
Scroll, an EVM-equivalent ZK rollup, manually increased its fee scalars by up to 1,280x, leading to significant overcharging its users for transaction fees. According to L2BEAT, it resulted in over $50,000 in excess fees charged. The scalars control how much users pay for L1 data, but fees were far higher than the underlying costs. Engineers from Succinct reported paying over $20 per transaction on the L2 network. The inflated fees coincided with ether.fi migrating its credit card infrastructure from Scroll to OP Mainnet. Although Scroll later reduced the scalars by 160x, fees still remain about 8x above baseline without a clear reason and no response from the Scroll team.
World Liberty Financial, an Ethereum-based DeFi platform by Donald Trump, deposited 5 billion WLFI tokens from its treasury as collateral to borrow $75 million, comprising $65 million in USD1 and $10 million in USDC, via the Dolomite lending protocol on Ethereum mainnet. Notably, Dolomite co-founder Corey Caplan is an adviser to World Liberty Financial, raising conflict-of-interest concerns. The large collateral deposits have driven utilization rates on Dolomite to peak levels, leaving many stablecoin depositors unable to withdraw their assets. Utilization has exceeded 80% in the USD1 pool and 90% in the USDC pool. Since WLFI has thin liquidity, a potential liquidation could result in bad debt for Dolomite and losses for regular depositors. World Liberty Financial has already transferred $40 million to Coinbase Prime, likely for off-ramping.
Ethereum Foundation public goods researcher Devansh Mehta proposed an in-protocol mechanism to redirect a portion of Ethereum staking rewards toward funding developer teams that improve the operator experience. The aim is to trade slightly lower validator yields for a stronger ecosystem and higher long-term ETH value. The proposal would be introduced in a hard fork and coordinated through the Ethereum Validators Association. Validators would signal their gas capacity, the share of rewards they’re willing to redirect, and their preferred funding recipients. If a majority supports a redirect, the same contribution would be applied across all validators.
Zerion, a leading portfolio tracker and wallet provider, is advising users to temporarily avoid its web app while it investigates suspicious activity. As a precaution, it has taken the web app offline and blocked access using Blockaid to mitigate risk. Zerion confirmed that user funds remain safe, with only the web app affected. The iOS and Android apps, as well as the browser extension, continue to operate securely. Zerion later stated the attack is contained.
Ethereal news weekly #19
Ethereum Checkpoint #9
TheDAO Round Operators
Aave increases V4 deposit caps
Steakhouse DNS Attack update
Silo x Sonic oracles going offline
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
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