• Huobi founder leads $1B ETH Trust.

• Burned ETH builder grants.

• OpenSea confirms SEA Q1 2026.

Li Lin, founder of Asia-based crypto exchange Huobi, is reportedly launching a $1 billion Ethereum trust company aiming to accumulate and hold ETH as a long-term treasury asset. The initiative, similar to recent efforts using Nasdaq-listed entities for structuring, has backing from major investors in Asia, including Fenbushi Capital, HashKey Group, and Meitu. Avenir Capital, which is chaired by Li Lin, has committed $200 million of the targeted $1 billion fund, which would make the trust the fourth-largest corporate holder of ETH once completed.

The Ethereum Community Foundation launched the Burned ETH (BETH) Builder Grants, offering $50,000 in total funding for projects that expand BETH adoption. BETH is an ERC-20 token representing provably burned ETH. When ETH is sent to the BETH smart contract, it is permanently burned, and an equal amount of BETH is minted 1:1 as an onchain proof of burn. The program invites proposals for L2 Burn Bridges, Burn Leaderboards, airdrop/incentive frameworks, integrations, developer tooling, governance systems, and culture projects. BETH aims to make burn data a transparent, onchain metric of alignment with Ethereum’s monetary base. Applications are open through the end of October.

OpenSea co-founder and CEO Devin Finzer confirmed that the marketplace will launch its native $SEA token in Q1 2026. 50% of the total supply will be allocated to the community, with over half of that distributed through an initial claim. He added that both OG users and rewards program participants will be meaningfully considered. $SEA will be a utility token, with staking features launching next year. Additionally, 50% of launch revenue will go toward buying back $SEA. OpenSea is also expanding beyond NFTs, into a unified onchain trading platform that integrates perpetual trading, cross-chain support, and an upcoming mobile app.

• EF folks Twitter List

• VanEck files S-1 for stETH ETF

• CDP embedded wallets

• Dankrad joins Tempo

• Temp raises $500m

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

• Pico Prism real-time proving zkVM.

• EF deploys 2400 ETH into Morpho.

• Ethereum ranks #1 among new devs.

• Jovay announces an Ethereum L2.

• Basenames now support ENSIP-19.

Brevis introduced Pico Prism, a zkVM designed for real-time Ethereum proving. Prism can prove 99.6% of Ethereum L1 blocks in under 12 seconds, with an average proving time of 6.9 seconds using consumer-grade GPU hardware. The milestone allows Ethereum teams to generate validity proofs for entire L1 blocks fast enough to match Ethereum’s 12-second block time. Pico Prism outperforms Succinct’s SP1 Hypercube, which achieved only 93% of blocks under 12 seconds. Brevis, positioning itself as the infinite compute layer, aims to reach 99%+ real-time proving under 10 seconds while further reducing hardware and power requirements.

The Ethereum Foundation deployed 2,400 ETH and $6 million in stablecoins into the Morpho DeFi protocol on Ethereum as part of its ongoing DeFi wallet initiative. The assets are allocated to Morpho’s yield-bearing vaults, with the Foundation highlighting Morpho’s commitment to open-source development. The Foundation launched its DeFi wallet earlier this year, which now holds over $200 million in assets. Its on-chain portfolio includes 31,230 ETH deposited in Aave, 10,126 ETH in Spark Protocol, and 4,200 ETH in Compound. Morpho recently introduced Vaults V2 on Ethereum, offering instant liquidity and flexible vault allocations.

Jovay Network, a project developed by Ant Digital, the company behind Alibaba and Alipay, announced plans to launch a new Ethereum Layer 2 network focused on real-world assets (RWA). The initiative aims to deliver a fast, low-cost, secure, and flexible infrastructure for RWA tokenization. Emphasizing trust, transparency, and developer experience, Jovay aims to bridge assets and liquidity across multiple chains through the use of data and AI. Its collaboration with Ethereum represents a significant move to expand the Layer 2 ecosystem, with the network to adopt a ZK rollup-based architecture.

Base implemented ENSIP-19 and successfully migrated over 750,000 Basenames to the new standard. ENSIP-19 introduces a system for setting and resolving primary names on Layer 2 networks through L2ReverseRegistrar contracts. The upgrade enables Basenames to resolve seamlessly on any ENS-compatible application. A single Basename can serve as a primary name across Ethereum L1 and multiple L2s, improving cross-chain consistency.

• Tydro goes live on Ink

• Base ERC-20 gas payments

• Zora launches Believe Fund

• AI For Public Goods Fast Grants

• Paxos mints 300 trillion PYUSD

• U.S. OCC approves Erebor Bank

• Ethereum hits ATH daily TPS

• Aave Horizon hits $250m deposits

• stUSDS goes live

• YieldNest $ynRWAx goes live

• Recall live on Base

• SmartFunds live on Base

• Uniswap chart rider game

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

• Fusaka goes live on Sepolia.

• EF 2026 Internship Program.

• Stripe recurring stablecoin payments.

• Gitcoin Grants 24 goes live.

The Fusaka upgrade has successfully activated on the Sepolia testnet, introducing 12 Ethereum Improvement Proposals (EIPs) that improve scalability, performance, and user experience.  Hoodi is scheduled to undergo the upgrade on October 28th. Testnet node operators must update their client software ahead of the activations. Since testnet rollouts have gone smoothly, Fusaka is likely to go live on Ethereum mainnet on December 3, 2025. Fusaka’s headline feature, PeerDAS (EIP-7594), brings higher blob throughput, significantly reducing L2 transaction costs and enhancing Ethereum scalability. After Fusaka, Blob Parameter Only (BPO) forks will gradually and automatically raise blob limits.

The Ethereum Foundation opened applications for its 2026 Internship Program, a paid, full-time, 12-week opportunity beginning in summer 2026. Students and recent graduates interested in Ethereum development or research can apply until December 1, 2025. Interns will work directly with Ethereum protocol, research, and ecosystem teams and contribute to active projects. Interns can work remotely or in EF offices. Mentoring teams include Cryptography Research, EthPandaOps, Geth, P2P Networking, STEEL, Robust Incentives Group (RIG), and Strategic Funding Coordination. The internship is designed for technically familiar, curious learners eager to deepen their understanding of Ethereum.

Stripe introduced support for recurring stablecoin payments on Polygon and Base. The new feature lets customers pay for subscriptions using USDC directly from their crypto wallets, while merchants can manage both fiat and stablecoin subscriptions in the Stripe Dashboard. Powered by a new smart contract that enables automatic recurring payments, the feature helps businesses lower cross-border transaction costs and expand their global customer reach. The rollout is currently live in private preview for U.S.-based businesses.

• GG24 goes live

• Aave earns $105m in 2025 revenue

• Aerodrome surpasses $300b volume

• OP Stack vs Superchain comparison

• ParaFi stakes on Obol

• SharpLink holds 840k ETH

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