• Stripe to acquire Privy.

• CCTP V2 goes live on World Chain.

• Pistachio launches Ethereum wallet.

Privy, a wallet infrastructure provider for integrating embedded wallets, announced that it is being acquired by global payments processor Stripe. The acquisition aims to merge crypto and traditional finance into a unified, seamless experience for users. Privy will continue to operate independently. Privy allows applications to integrate embedded wallets featuring Web2 login methods such as SMS, email, Google, Twitter, Lens, and Farcaster. It supports cross-app wallet functionality, allowing users to access their existing embedded wallet across multiple applications. Once connected, users can verify ownership, sign messages, and execute transactions from their wallet.

Circle CCTP V2 and native USDC are now live on World Chain, an identity-focused Layer 2 network built on the OP Stack. CCTP V2 is the latest version of the Cross-Chain Transfer Protocol that reduces transfer times to seconds and introduces support for Hooks, allowing developers to automate post-transfer smart contract actions. Support for native USDC eliminates the need for locked liquidity and bridged tokens, providing fully-backed, dollar-pegged stablecoins issued directly by Circle. World Chain powers the World Network, a globally distributed identity and financial network with over 10 million Orb-verified individuals.

Pistachio launched its non-custodial wallet and DeFi app to public beta, now available for download on iOS. It supports onchain finance across Ethereum, Base, Arbitrum, Optimism, Polygon, Scroll, and Mantle. The app aims to simplify user access to DeFi. Pistachio features gasless key actions and built-in tax categorization tools. Pistachio will integrate RWA yield vaults backed by partners like BlackRock and Pimco, onchain debit cards, and virtual bank accounts. Pistachio uses Multi-Party Computation (MPC) and Threshold Signature Scheme (TSS) to enable secure, seedless key recovery.

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

• SEC Chairman advocates for DeFi innovation.

• Uniswap introduces the v4 Hook Design Lab.

• ZKsync launches the ZKsync Gateway.

• EF publishes 1TS initiative report.

SEC Chairman Paul S. Atkins delivered remarks during the agency’s DeFi and the American Spirit Roundtable, highlighting that decentralized finance (DeFi) embodies key American values such as economic liberty, property rights, and innovation. He also criticized prior SEC leadership for discouraging blockchain participation. Atkins advocated for formal rulemaking, self-custody, and urged regulators to accommodate issuers and intermediaries using DeFi infrastructure. He also proposed exploring a conditional “innovation exemption” to accelerate the development of compliant DeFi products.

The Uniswap Foundation launched the Hook Design Lab, a pilot grant program designed to accelerate innovation in Uniswap v4 by supporting teams building with hooks. Hooks in Uniswap v4 are smart contracts that enable customizable behavior within liquidity pools, unlocking advanced features such as dynamic fees, just-in-time (JIT) liquidity, vault automation, and rehypothecation. The program's initial cohort of selected projects includes EulerSwap, which integrates JIT liquidity with lending infrastructure; Aegis, a dynamic fee hook developed by Solo Labs; Dynamo DEX by Renzo, which applies dynamic fees to maintain peg stability for LRT assets; and Bunni, which incorporates rehypothecation and automated liquidity management. 

ZKsync launched the ZKsync Gateway, a middleware component that facilitates interoperability between ZKsync Chains within the Elastic Network. ZKsync Chains previously settled individually on Ethereum. The Gateway aggregates multiple proofs into a single proof, allowing ZKsync Chains to access cheaper, shared settlement. The ZKsync Gateway also introduces cross-chain messaging, enabling efficient transfers. With the upcoming v29 upgrade, ZKsync will introduce native interoperability, enabling fast, direct messaging between ZKsync Chains.

The Ethereum Foundation published a report for its Trillion Dollar Security (1TS) initiative, outlining the current security challenges facing Ethereum. The challenges span across user experience, smart contract vulnerabilities, infrastructure and cloud dependencies, consensus protocol resilience, incident response, and governance. Notable issues include blind signing, inadequate privacy, smart contract risks, centralization, and the brittleness of Ethereum’s fork and finality mechanisms. The 1TS initiative aims to raise Ethereum’s security to a level robust enough to securely support trillions of dollars in user, institutional, and governmental assets.

• Aave goes live on Soneium

• CLARITY Act bipartisan support

• CCTP V2 coming to Codex

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

• Sigma Prime introduces Anchor.

• Unichain Conditional Funding Markets.

• 50 blobs sustained on a PeerDAS devnet.

• BiT Global drops Coinbase lawsuit.

Blockchain security firm and Ethereum client developer Sigma Prime introduced Anchor v0.1.0, a Rust-based distributed validator technology (DVT) client for the SSV Network. Anchor is the second DVT client for the network, following SSV Labs' implementation, and builds on the Lighthouse Ethereum consensus client codebase. Anchor is fully interoperable with existing clients on public testnets. SSV Network is a permissionless Ethereum staking protocol that splits validator private keys into keyshares, distributing them among multiple independent nodes. The architecture enhances fault tolerance and eliminates single points of failure.

The Uniswap Foundation is offering $900K in grants to lending protocols on Unichain as part of its Conditional Funding Markets (CFM) pilot, which uses a futarchy-based funding model. In this model, forecasters bet on which protocols will drive the most TVL growth if granted funds for user incentives, and the protocols with the highest predicted impact receive the grants. Lending protocols can apply until June 18. The initiative includes three grants: one $100K grant and two $400K grants. Forecasting markets open on July 7, allowing participants to make TVL predictions and earn rewards based on accuracy when the Conditional Funding Markets resolve in October using actual TVL data.

Sunnyside Labs, a core development contributor to the Optimism Collective, deployed a development network to stress test blob throughput on PeerDAS. The test evaluated how well different combinations of Ethereum execution and consensus clients handle increasing blob throughput. The testnet sustained a peak throughput of 50 blobs per block, up from thecurrent 6 blobs per block. The team plans to work on client-specific optimizations, fault-tolerant supernode designs, and deeper analysis of distributed blob building to push the ceiling higher. Increasing blob throughput expands data capacity and significantly reduces costs for Ethereum rollups, making it a critical step in scaling the Superchain.

BiT Global, a Hong Kong-based digital asset custody platform, dropped its lawsuit against Coinbase over the delisting of WBTC. The suit, filed in December 2024, sought $1 billion in damages and accused Coinbase of removing WBTC to favor its own competing wrapped Bitcoin product, cbBTC. In 2024, BitGo, the original issuer of WBTC—transferred control of its protocol to a joint venture between BiT Global and Tron founder Justin Sun. Following the transfer, major platforms, including MakerDAO, reduced their exposure to WBTC. Coinbase followed suit by delisting the asset in December 2024.

• ACDE Call #213 recap

• L2Beat and Lido join EEA

• Solx v0.1.0-alpha.4

• Plume Network deploys on mainnet

• DappCon 2025 agenda

• InterOP UNIverse on 23rd June

• EigenLayer slashing audit report

• EVM 2.0: Proving-Centric vs. Execution-Centric

• Aztec testnet retro analysis

• CLARITY Act amendment

• Stablecoins amount to 1.1% of USD supply

• X partners with Polymarket

• Velodrome surpasses $1b volume

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