• 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

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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

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Gm frENS. Happy Friday, can you believe this week is over?

• SWIFT tests a stablecoin on Linea.

• Eco introduces Permit3 approval contract.

• Fusaka client releases are out for testnets.

• ChinaAMC launches a tokenized fund on Ethereum.

SWIFT, the global cross-border payments network, is testing a stablecoin and onchain payment messaging system on Linea. According to The Big Whale, SWIFT, along with BNP Paribas and BNY Mellon, has begun experimenting with payment infrastructure on Linea, chosen for its cryptographic ZK proof capabilities. Linea is a ZK-EVM rollup developed by Consensys. The initiative centers on a stablecoin-like settlement token designed to reduce intermediaries and cut cross-border transaction times. The SWIFT network connects over 11,500 financial institutions across more than 200 countries and territories. Linea is currently the largest ZK rollup by total value secured.

Eco released Permit3, a new approval contract that extends Uniswap’s Permit2 standard. Permit2 standardized ERC-20 token approvals with signature-based and time-bound permissions. Permit3 expands the contract to support multiple chains and multiple tokens, including ERC-721 and ERC-1155. With Permit3, a single signature can authorize token operations across multiple chains. Permit3 is fully backward-compatible with Permit2 and integrates ERC-7702 for account abstraction. Permit3 is deployed at a universal address across all major EVM chains. Users must first approve Permit3 to use the new standard.

Fusaka, Ethereum’s next upgrade, is scheduled to go live starting with the Holešky testnet on October 1st at 08:48 UTC, on Sepolia on October 14th, and on Hoodi on October 28th. Fusaka-compatible client releases are now available for both consensus and execution layer clients on testnet. Testnet node operators must update their client software ahead of the activations. Fusaka introduces 13 EIPs, delivering improvements in scaling, performance, and user experience. The headline feature, PeerDAS (EIP-7594), enables higher blob throughput, reducing L2 transaction costs. To further expand blob capacity, Blob Parameter Only forks will gradually increase per-block blob limits, first to 10/15 and then to 14/21. A mainnet activation is set for December 3rd, assuming testnet deployments are successful.

ChinaAMC, one of China’s largest asset managers, has launched the ChinaAMC USD Digital Money Market Fund Class I USD on Ethereum. The fund is tokenized under the ticker CUMIU, represented as an ERC-20 token, and already has approximately $502 million USD in assets under management (AUM).

• Read: Race To Rewire Wall St.

• EIP-7732 breakout call #24

• Ethproofs call #5 wrapped

• Nethermind RISC-V 32-bit support

• Sequence on Fusaka-readiness

• Uniswap smart wallet support

• Lido proposes NEST buyback system

• LayerOnEth open-sourced WAVS

• SAFU partners with EigenLayer

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