
Arbitrum Brings ZK With Succinct
Succinct and Offchain Lab's venture arm will co-develop a ZK-powered version of the Arbitrum tech stack, bringing Zero-Knowledge Proofs to all Arbitrum chains.
Succinct to bring ZK to Arbitrum.
MetaMask introduces Social Login.
Euler introduces EulerEarn.
SharpLink buys 56,533 more ETH.
Offchain Labs announced a partnership between its partner studio, Tandem, and Succinct Network, a leading provider of zero-knowledge (ZK) prover infrastructure. Over the next year, Succinct and Tandem will co-develop a ZK-powered version of the Arbitrum Orbit stack, bringing Zero-Knowledge Proofs to all Arbitrum chains. Succinct already secures more than $4 billion in TVL. Tandem will provide engineering, product, and go-to-market support, aiming to scale Succinct’s ZK adoption and accelerate the integration of ZK-powered applications and infrastructure. Succinct already supports the OP Stack.
MetaMask introduced Social Login, a feature that allows users to create and manage their wallet using a Google or Apple account and a password. A Secret Recovery Phrase is still generated behind the scenes and can later be accessed with the same social account and password, preserving self-custody. The feature reduces friction from traditional seed phrases, simplifying onboarding for users. Strong password management is still essential, as losing the password means permanent loss of wallet access. The login method is now live on the MetaMask browser extension.
Euler Finance launched EulerEarn, a solution for earning passive yield on deposits into single-asset vaults that allocate funds across curated strategies. EulerEarn offers a “set it and forget it” solution where deposits are automatically distributed across multiple strategies managed by vault curators, who define caps and risk parameters. Vaults may feature idle reserves to enable instant exits for users and per-strategy caps to prevent overexposure. The first EulerEarn vault is now live for USDC, initially seeded with $50,000 in rEUL incentives. Euler is a modular DeFi lending protocol with over $1.4 billion in deposits.
SharpLink Gaming added 56,533 ETH to its ETH treasury, bringing its total treasury holdings to 797,704 ETH, valued at more than $3.7 billion. The company remains the second-largest corporate holder of ETH, behind BitMine, which has doubled its holdings over the past month. In total, 70 corporate entities now hold approximately $20 billion worth of ETH in their treasuries.
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Kaiko Ranks Ethereum #1 Blockchain
Ethereum ranks #1 across governance, integrations, liquidity, operational efficiency, and security.
Ethereum ranks #1 on Kaiko’s rankings.
The productive treasury report.
Chainlink partners with SBI Group.
BitMine buys an additional 190k ETH.
Kaiko released its Blockchain Ecosystem Ranking report for Q2 2025, ranking Ethereum as the top blockchain ecosystem. Ethereum excelled across governance, integrations, liquidity, operational efficiency, and security, supported by $7B in RWA TVL, broad DeFi integration, and strong institutional adoption. The price of ETH has outperformed BTC since early July. The report also ranked Arbitrum in second place, highlighting its outstanding operational efficiency and robust integrations.
EigenLayer and the Liquid Collective released “The Productive Treasury”, a guide for digital asset treasury companies to strategically make their reserves productive. The report notes that traditional treasury allocations such as cash and money market funds are struggling to preserve purchasing power amid persistent inflation. The report reinforces ETH staking as the Internet Bond, a protocol-native, sustainable yield independent of traditional credit markets. Liquid Staking Tokens provide treasuries with institutional-grade access to staking, offering liquidity, compliance, and reduced risk. The report positions ETH as a future-ready reserve asset.
Chainlink partnered with SBI Group, one of Japan’s largest financial conglomerates with over $200 billion in assets, to accelerate the adoption of tokenized digital assets. SBI will leverage Chainlink’s CCIP for cross-chain tokenized Real-World Assets (RWAs), SmartData to improve liquidity and efficiency for tokenized funds, and Proof of Reserve to ensure transparency for regulated stablecoins. According to an SBI Digital Asset Holdings survey, 76% of financial institutions plan to invest in tokenized securities.
BitMine Immersion Technologies Inc. purchased an additional 190,500 ETH, bringing its treasury to 1.71 million ETH worth over $7.5 billion. With its ambitious goal of owning 5% of the ETH supply, BitMine is on track to overtake MicroStrategy as the world’s largest digital asset treasury company. BMNR stock is also among the top 20 most liquid U.S. stocks, averaging $2.8 billion in daily trading volume.
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Ethereum Blob Scaling Updates
The EF's L2 and blob scaling team published an update on the latest blob scaling efforts.
ETH hits a new all-time high.
Ethereum blob scaling efforts.
The case against FOCIL.
Progress on native rollups.
The price of ETH is up 15% in the last 24 hours, reaching a new all time high of just under $4,900. The last time ETH reached an all-time high was nearly 4 years ago on November 10, 2021.
The Ethereum Foundation’s L2 and blob scaling team published an update on the latest blob scaling efforts. Blobs are a type of data on Ethereum L1 used to provide data availability for rollups. They have a fee market independent of Ethereum gas fees, which enables lower transaction costs and reduced storage requirements, allowing L2s to process more transactions. Peer Data Availability Sampling (PeerDAS) is scheduled for Ethereum’s next upgrade, Fusaka, expected in late 2025.
PeerDAS allows nodes to verify blob data availability by sampling subsets of the data rather than downloading entire blobs, enabling capacity to scale from 6 up to 48 blobs per block. After Fusaka, Blob Parameter Only (BPO) forks will automatically increase blob capacity. In parallel, interfork bandwidth optimizations such as cell-level messaging will reduce redundant data transfers. PeerDAS v2 is planned for the Glamsterdam upgrade, building on DAS with pipelining EIP-7732. The blob scaling efforts are led by Alex Stokes, Raúl Kripalani, and Francesco D’Amato.
Ameen Soleimani shared the case against Fork-choice Enforced Inclusion Lists (FOCIL) EIP-7805. He outlined the legal implications FOCIL could have for validators in the U.S. FOCIL is a proposal aimed at improving censorship resistance by allowing validators to enforce the inclusion of any transaction valid under protocol rules, ensuring that no single block builder can exclude them. Soleimani argues that U.S. validators could face criminal liability if they are compelled to include sanctioned address transactions, adding that the “attester vs proposer” distinction may not matter to regulators. He also argued that core devs designing the system could be accused of conspiracy to violate sanctions. FOCIL is considered for inclusion in the Glamsterdam upgrade.
L2Beat researcher donnoh.eth shared updates on native rollups, a new type of L2 that leverages Ethereum L1 for execution by directly calling its state transition function. The native design reduces governance and bug risks by eliminating complex proof systems and custom governance. L2Beat launched a new website to share a spec draft, design motivations, comparisons to existing L2s, and references. The site also explores open design questions such as anchoring, arbitrary L1 → L2 messaging, and gas token deposits. Current dependencies for fully native rollups include statelessness and the Ethereum L1 ZK-EVM upgrade.
SharpLink Gaming’s Board approved a $1.5 billion stock repurchase program. The move gives the company flexibility to act when SBET trades at or below NAV of its ETH holdings, helping prevent dilution on its ETH per share basis and enhancing long-term value for shareholders. SharpLink holds 740,000 ETH, one of the largest corporate treasuries worldwide.
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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
