• MetaMask mUSD stablecoin.

• Flashbots verifiable sequencing for OP Stack.

• DOJ clarifies merely writing code is not a crime.

• DBS Bank tokenizes notes on Ethereum.

MetaMask unveiled MetaMask USD (mUSD), its native USD-pegged stablecoin. mUSD will be issued by Bridge, a Stripe-owned company, and built on the universal stablecoin infrastructure platform M0, which provides shared liquidity and cross-stablecoin interoperability. mUSD will be integrated directly into the MetaMask wallet, with support for onramps, swaps, bridging, and DeFi. MetaMask also plans to make mUSD spendable via the MetaMask Card, which is accepted at millions of Mastercard merchants. The stablecoin is expected to launch later this year on Ethereum mainnet and Linea. MetaMask is the largest self-custodial browser wallet developed by ConsenSys. MetaMask marks the first self-custody wallet provider to launch a native stablecoin.

Flashbots announced that it will bring fast, configurable, and verifiable sequencing to Optimism’s OP Stack. Sequencers are critical infrastructure for rollups since they determine transaction ordering, which impacts speed, censorship, and MEV. The integration will allow OP Stack chains to choose how their transactions are sequenced. The implementation will feature 200ms block times via Flashblocks, outsourced block building with different policies via Rollup-Boost, and verifiable block building using Trusted Execution Environments. The integration will initially be deployed on OP Mainnet and gradually released to OP Stack chains in the coming months.

At the American Innovation Project Summit, Acting Assistant Attorney General Matthew Galeotti clarified that merely writing code without criminal intent is not a crime. He emphasized that developers who contribute code or open-source projects without intending to facilitate unlawful activity cannot be held criminally responsible. The statements reinforce the Blanche Memo of April 2025, which moved to end “regulation by prosecution,” and provide long-sought clarity for open-source developers. Blockchain lawyer Jake Chervinsky noted, the DOJ’s assurances appear to contradict the recent conviction of developer Roman Storm under Section 1960(b)(1)(C), and called for the DOJ to drop the case.

DBS Bank, Singapore’s largest bank, launched tokenized structured notes on Ethereum mainnet, according to The Block. The initiative aims to make structured notes more accessible for institutional, accredited investors, and family offices in Singapore. Each token represents a $1,000 share of the underlying structured note.

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• Builder specs v0.6.0 release

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• Submit feedback for EIPIP

• Privacy Pools supports $USD1

• Base launches Mentroship Program

• Zora supports short-form video

• Superform announces The Upgrade

• ETH Strategy partners with Lido

• Cantina releases Incident Command

• Web3Privacy interviews Lefteris

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• Superfluid begins SUP S3

• Ethereum TVL is up

• Kraken runs DVT validators

• Safe introduces Fiducia

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

• Aragon private onchain voting.

• EF TDS enters Phase 2.

• Gnosis celebrates 10 years.

• Stablecoin market cap hits ATH.

DAO infrastructure provider Aragon introduced a solution for private onchain voting, enabled by an integration with the Minimum Anti-Collusion Infrastructure (MACI) plugin developed by the Privacy Stewards of Ethereum team. The integration allows DAOs using the Aragon governance stack to run encrypted, zk-verified private votes. The system leverages zk-SNARK proofs to ensure results are verifiable and cannot be censored or falsified. By protecting voters from coercion and retaliation, private DAO voting aims to increase participation and improve decision-making accuracy. The solution is currently demo-ready, and Aragon is seeking DAOs to pilot the plugin before a wider rollout.

The Ethereum Foundation’s Trillion Dollar Security (TDS) initiative, an ecosystem-wide effort to raise Ethereum’s security to support trillions of dollars in value, has entered Phase 2, moving from research to action. Phase 2 begins with a focus on user experience (UX) security. Phase 2 addresses wallet security, blind signing, and building an open-source database of smart contract vulnerabilities. Over time, additional waves will expand into other security domains, with the ultimate goal of making Ethereum safer and more reliable than traditional financial infrastructure.

Gnosis, founded in 2015, celebrated 10 years since launching its first Ethereum smart contract. Over the decade, Gnosis has grown from decentralized prediction markets into a full-stack open finance platform. Its key contributions include the Safe smart wallet,the CoW Swap DEX aggregator, Gnosis Pay self-custodial payments, and Gnosis Chain with 300k+ validators. Looking ahead, Gnosis will launch Gnosis 3.0 in Q3 2025, unifying all products under the same Gnosis brand with no further spinouts. The GNO token will remain as the governance, staking, and ecosystem alignment for the Gnosis DAO.

The market capitalization of stablecoins on Ethereum continues to set new records, now exceeding $143 billion.  The figure is up over half a billion just in the last day. Tether’s USDT remains dominant with a market cap of over $70 billion, while Circle’s USDC holds second place at $41.81 billion. Over the past two years, Ethena’s USDe has risen to secure the third spot with a market cap of $11.1 billion.

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• OP opens S8 grants

• Worldcoin hits 15m users

• SER holds 4m ETH

• SEC invites projects in LA

• Submit questions for EF AMA

• Wormhole FND to acquire Stargate

• Maestro supports Zora

• GrowThePie awarded ESP grant

• Binji writes an intro to Futarchy

• U.S. Gov receives ETH

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

• Wyoming launches a stablecoin.

• Spire Labs introduces Pylon.

• Circle Gateway goes live.

• SharpLink buys 143k ETH.

The Wyoming Stable Token Commission launched the Frontier Stable Token (FRNT) on mainnet, marking the first state-issued stablecoin in the United States. FRNT is fully backed by U.S. dollars and short-duration treasuries held in trust, with a legislatively mandated 2% overcollateralization to ensure stability. The stablecoin is now live across seven blockchains, including Ethereum, Arbitrum, Base, Optimism, and Polygon. It leverages LayerZero for issuance, with Fireblocks providing infrastructure and Franklin Advisers managing reserves. The Commission is chaired by Wyoming Governor Mark Gordon.

Spire Labs introduced Pylon, a platform for launching based appchains with synchronous composability. The based appchains are sequenced by an Ethereum L2, allowing them to inherit an L2’s existing infrastructure, such as chain liquidity, user base, and distribution. The system currently uses a single coordinating sequencer node to synchronize all appchains in a sync zone. Pylon solves the fragmentation problem of appchains by preserving sovereignty while integrating with L2 ecosystems. Spire Labs is building the Based Stack, an open-source framework for customizable Ethereum appchains, pushing forward scalability and interoperability.

Circle Gateway, a new cross-chain liquidity solution for USDC, is now live on mainnet across seven networks. Circle Gateway introduces a unified USDC balance that can be accessed from any supported chain, enabling near-instant, single-click cross-chain transfers without the need for bridging. By making USDC liquidity chain-agnostic, Circle Gateway improves capital efficiency and eliminates liquidity fragmentation. To use it, users deposit USDC into a Gateway Wallet contract on any supported chain. To initiate a transfer, users sign a burn intent and submit it to the Gateway API. After verification, the API issues an attestation, which is then sent to the Gateway Minter contract on the destination chain, allowing USDC to be minted while the equivalent amount is burned from the unified balance.

SharpLink Gaming expanded its treasury with an additional 143,593 ETH purchased at an average price of $4,648. The purchase brings the company’s total holdings to 740,760 ETH, valued at just over $3 billion. Since its launch on June 2, SharpLink has also generated 1,388 ETH in staking rewards. Despite the growth, Bitmine Immersion Tech continues to hold the top spot as the largest ETH treasury company, maintaining nearly double the holdings of SharpLink.

• Nethermind introduces Catalyst

• Starknet decentralized validation upgrade

• Boundless introduces ZK Coin

• Bitmine buys 52k more ETH

• Solidity Summit 2025 in Argentina

• SEC in Chicago on September 15th

• SEC Chair Paul Atkins proposes a framework

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