• SEC allows DTCC to tokenize.

• Octant introduces StreamVote.

• Cork Protocol Protected Loops.

• Aave v3 adds MetaMask's mUSD.

[

Listen to this episode from Ethereum News on Spotify. The SEC grants DTCC a no-action letter for tokenization. Octant introduces the StreamVote funding mechanism. And Cork Protocol introduces Protected Loops. Read more: https://ethdaily.io/842 Sponsor: Arkiv is an Ethereum-aligned data layer for Web3. Arkiv brings the familiar concept of a traditional Web2 database into the Web3 ecosystem.

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](https://open.spotify.com/episode/7ydkQ3rxIb65iBvFgyzAvT)

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The Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC), which handles the majority of U.S. securities clearing and settlement, has secured a crucial No-Action Letter from the SEC to launch a new tokenization service. The milestone authorizes DTC Participants to tokenize select DTC-custodied Real-World Assets (RWAs), including stocks, ETFs, and fixed-income securities. Scheduled to be production-ready in the second half of 2026, the service aims to bridge TradFi and DeFi by initially supporting highly liquid assets such as the Russell 1000, major index ETFs, and U.S. Treasury securities. Powered across L1 and L2 blockchain providers, the platform will deliver a Common Liquidity Pool Across Identical Legal and Ownership Rights, Embedded Compliance and Controls, and Programmable Assets.

Octant, a public goods funding project, introduced StreamVote, a new funding mechanism combining Octant vaults with a continuous voting system. Octant is launching a StreamVote pilot round featuring a 25 ETH initial funding pool, supplemented by yields from assets deposited to the vault by the Golem Foundation. The mechanism leverages Superfluid to distribute funds continuously and in real-time, based on the current vote tally, rather than at the end of a fixed period. Voters can update and change their vote allocations at any time during the round. The pilot will fund impactful projects mentioned in the Ethereum Magicians forum.

Cork Protocol, a protocol for trading onchain risk, introduced Protected Loops, a DeFi primitive designed to facilitate looping strategies for illiquid or long-duration assets, such as Real World Assets (RWAs) and yield vault tokens. The feature shifts duration risk away from the core Looping Vault and onto specialized underwriters. The primitive combines a managed Looping Vault with an embedded liquidity hedge provided through Cork Pools. It provides a liquidity hedge that is tokenized as a Swap Token, which the Looping Vault buys. The token guarantees the vault the ability to swap the illiquid collateral for a liquid asset. The product is currently in a pilot phase.

• Ethereal weekly #2

• PSE privacy ux report

• Aave v4 security contest

• Aave adds mUSD

• MetaMask integrates Polymarket

• World App launches Secure Chat

• The Graph Horizon upgrade

• Aave DAO x CoW Swap debate

• Jill Gunter drained of $30k

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

• EigenLayer launches EigenAI.

• Coinbase achieves $1b in loans.

• SWIFT leverages Chainlink CRE.

• Report on Fusaka Devnet-5.

EigenLayer introduced EigenAI, a verifiable LLM inference service, and EigenCompute, a verifiable offchain execution system, now live on mainnet alpha. The services allow developers to build autonomous, transparent, and trustworthy AI agents with cryptoeconomic guarantees. EigenLayer says traditional AI models are opaque black boxes, leaving users vulnerable to tampered inputs, altered outputs, and inconsistent model quality. EigenAI provides an OpenAI-compatible API that ensures untampered prompts, responses, and models. EigenCompute complements it by enabling verifiable offchain computation, starting with Trusted Execution Environments and expanding to cryptoeconomic guarantees and zero-knowledge proofs.

Coinbase has surpassed $1 billion in Bitcoin-backed loans through its integration with the Morpho lending protocol on Base. The setup, dubbed the “DeFi mullet”, allows users to borrow USDC against their Bitcoin holdings via Coinbase. Behind the scenes, Bitcoin is converted into Coinbase Wrapped Bitcoin (cbBTC) on Base and then supplied to the Morpho lending protocol. Users can manage their loans directly in the Coinbase app. To qualify, a minimum of $20,000 in Bitcoin is required, with a maximum loan-to-value (LTV) ratio of 86%. If the LTV threshold is exceeded, loans are automatically liquidated. The service is currently available to U.S. users, excluding residents of New York.

Chainlink, in collaboration with Swift and UBS, introduced a solution enabling financial institutions to manage digital asset workflows directly from their existing systems. By combining Swift’s ISO 20022 messaging with the Chainlink Runtime Environment (CRE), institutions can trigger onchain events without overhauling their infrastructure. UBS’s tokenization unit piloted the solution on a tokenized fund smart contract, with workflows executed under Chainlink’s new Digital Transfer Agent (DTA) standard.

Sunnyside Labs, a core contributor to the Optimism Collective, released a report on Fusaka Devnet-5, stress-testing blob throughput on PeerDAS. The ~1,700-node devnet (representing ~1/8 of Ethereum Mainnet) sustained 22 (max 33) blobs and reached 48 (max 72) blobs per block. The main limiter was bandwidth, with full nodes frequently maxing out their 50 Mbps uplink. Current blob parameter only (BPOs) forks are scheduled to scale up to 14 blobs per block (max 21).

• Lodestar v1.35.0-rc.0 release

• Farcaster releases referral rewards

• Obol institutional staking survey

• ETH ETF $546m net flow

• Ethresearch: Semantic Block Chunking

• Sharplink earns 4.2k ETH in staking

• SG Forge partners with Morpho

• Stripe launches Open Issuance

That's it for this week! If you enjoyed the read, please support us with a donation 🌱

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

Gm frENS. Happy Monday, here's to a new week!

• Morpho V2 goes live on Ethereum.

• SWIFT announces its shared ledger.

• OP Mainnet activates Flashblocks.

• BitMine buys 234,850 ETH.

Morpho Labs launched Morpho V2 on Ethereum, the latest iteration of its lending platform, introducing advanced risk management controls. Morpho Vaults V2 offers yield-generating vaults with instant liquidity and the ability to allocate across any current or future Morpho protocol. Morpho V2 addresses key DeFi limitations such as the lack of custom loan terms, predictable rates, and unified liquidity. It complements Morpho V1, which currently secures over $7 billion in TVL, and is designed to attract institutional capital to onchain lending. The next milestone will be Markets V2, a peer-to-peer system enabling customizable fixed-rate, fixed-term loans.

SWIFT, the global cross-border payments network, announced that it is integrating a blockchain-based shared ledger into its financial infrastructure. The initiative aims to enable instant, always-on, real-time cross-border payments across more than 200 countries. Developed with Consensys as a prototype partner, the shared ledger will provide a record of interbank transactions, enforce compliance through smart contracts, and interoperate with both existing and emerging payment rails. Swift says this integration will bring improved liquidity management, predictable payments, and a foundation for tokenized asset transfers and multi-currency transactions. Consensys is supporting the proof-of-concept with its infrastructure expertise, which includes access to MetaMask, Infura, Besu, and Linea.

Optimism activated Flashblocks on OP Mainnet, enabling 250 millisecond transaction confirmations. Built by Uniswap Labs and Flashbots, Flashblocks run inside Trusted Execution Environments (TEEs), combining sub-second speed with provable, fee-based transaction ordering for fairness and transparency. Instead of waiting for full blocks, OP Mainnet now streams and confirms 250ms sub-blocks, reducing slippage, keeping prices fresh, and improving execution accuracy for swappers. Flashblocks are now live across OP Mainnet, Unichain, Base, and Worldchain.

BitMine Immersion Technologies Inc. acquired an additional 234,850 ETH over the past week, increasing its Ethereum treasury to 2.65 million ETH valued at more than $10.6 billion. The company remains focused on its long-term objective of securing 5% of the total ETH supply. Meanwhile, Bit Digital, a top-10 DAT, is conducting a $100 million convertible notes offering, with proceeds allocated for ETH purchases.

• ACDT #55 recap | minutes

• Lighthouse v8.0.0-rc.0 release

• EF Project Mirror report

• Privacy on Ethereum #12

• EF hosting founders' night

• EigenDA revamps blob explorer

• Obol Grants Program

• DeFi Saver Aave explorer

• Flying Tulip raises $200m

• Veda hits $6b TVL

• MetaMask launching perps dex

• SEC says crypto is #1 priority

• SEC no action letter to 2Z

• Base Batches 002 goes live

That's it for this week! If you enjoyed the read, please support us with a donation 🌱

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