• Market structure bill draft excludes staking.

• OpenZeppelin Confidential Contracts v0.2.0.

• SharpLink plans to stake on Linea.

• Fusaka upgrade info page.

The Senate Banking Committee released the latest draft of its market structure bill. The proposal makes clear that staking, airdrops, and decentralized physical infrastructure network (DePIN) tokens are not treated as securities, so long as they operate under transparent, rules-based protocols and avoid concentrated control. The bill also provides legal protections for non-custodial developers, stating that simply building or publishing code for DeFi protocols does not trigger securities regulation. More broadly, the bill seeks to distinguish between digital asset securities and commodities.

OpenZeppelin released Confidential Contracts v0.2.0, an experimental update to its Fully Homomorphic Encryption (FHE)-powered library built with Zama FHE. The release introduces support for private token vesting streams with encrypted amounts, configurable cliffs, and batch funding. The release also supports private governance through confidential delegation, voting power tracking, and governance tokens. All contracts now run on fhevm/solidity v0.7.0 for faster computations, and new utilities include confidential checkpoints. OpenZeppelin encourages developers to experiment with the privacy-focused library and share feedback.

According to Decrypt, SharpLink Gaming is planning to stake part of its $3.6 billion strategic ETH reserve on Linea, a ZK-EVM by Consensys. Currently, the company holds its ETH through custodians. SharpLink Co-CEO Joseph Chalom highlighted the potential for better yield and higher risk-adjusted returns through Linea. SharpLink is also a member of the Linea Consortium, which manages the Ecosystem Fund containing 75% of the Linea token supply. With 837,000 ETH in its treasury, SharpLink is the second-largest corporate holder of ETH. Linea is set to launch its native token on September 10th.

The Ethereum.org website now features a dedicated page for the Fusaka upgrade, Ethereum’s next upgrade slated for Q4 2025. The informational page outlines the improvements that will be introduced in Fusaka. Fusaka currently includes 10 core EIPs, with the headliner proposal being Peer Data Availability Sampling, a scalability enhancement that allows nodes to verify the availability of blob data without downloading the full data set, benefiting Layer 2 solutions significantly.

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

• Validator entry queue overtakes exits.

• ETH LIMO reveals its legal battles.

• Safe integrates DeFi positions.

• Superfluid approves $SUP transferability.

The Ethereum validator entry queue has now surpassed the exit queue, holding a lead of more than 140,000 ETH. Data from validatorqueue.com shows that nearly 1 million ETH is queued to enter the beacon chain, compared to roughly 815,000 ETH awaiting withdrawal. Over 35 million ETH, representing 29% of the total supply, is now staked. Just two months ago, in July 2025, withdrawals were outpacing deposits. The entry queue is now at a two-year high. The queue comes from a protocol-level cap on the number of deposits and withdrawals that can be processed per slot. As a result, the current wait time for both new entries and full exits is over two weeks.

Eth.limo, an ENS gateway that lets users access .eth domains over HTTPS, disclosed that its co-founders Ben and Sam Gibbs were subpoenaed by the FBI in August 2024 as part of the U.S. Tornado Cash trial. Ben was later compelled to testify at Roman Storm’s trial in July 2025. In December 2024, eth.limo requested support from the ENS DAO to cover legal costs but was unable to reveal details at the time. With the trial now over, the team revealed that the case has already cost the ENS ecosystem around $250,000 in legal expenses. Eth.limo noted that ongoing and future legal proceedings remain unpredictable and could deplete its resources, putting continued support for the gateway at risk.

Safe launched Positions, a new feature in its smart wallet that lets users track all their DeFi holdings across major protocols and chains. Previously, assets deployed in DeFi protocols weren’t visible in Safe. With the new Positions widget, users get a unified view of both wallet balances and active DeFi positions. Each position can be expanded for a detailed breakdown, with data powered by the Zerion API. The feature shows positions from DeFi protocols such as Morpho, Aave, Superfluid, Lido, and Ethena. Safe is the largest smart contract wallet provider, with more than $100 billion in assets held on Safes.

Superfluid governance has approved a proposal to enable SUP token transferability by the end of November 2025. SUP, the native governance token of the streaming payments platform, has already seen over 8% of its supply streamed to more than 40,000 users. The proposal passed with the support of 1,338 voters. The token transferability event aims to advance protocol decentralization and governance.

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• Polynomial launches Trading Bot

• DEF files amicus brief

• Celo Stablemag recap

• WLFI blacklists Justin Sun

• Grandine 1.1.5 release

• Staking entry queue exceeds exit queue

• Paradigm introduces Tempo

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

• Linea releases an airdrop checker.

• Ondo launches Ondo Global Markets.

• CFTC greenlights Polymarket in the U.S.

• Uniswap calls for legal clarity on DAOs.

Linea, an EVM-equivalent ZK rollup incubated by Consensys, released an eligibility checker for its LINEA token airdrop, scheduled to go live on September 10, 2025. Eligible users include Linea XP holders with at least 2,000 points and Linea XP-L liquidity providers with at least 15,000 points, with boosts for early users, sustained activity, and MetaMask product users. The airdrop will distribute 9.36 billion LINEA tokens across 749,662 eligible wallets. LINEA is not a governance token; instead, it is designed to align with Ethereum by funding open source development, contributing to the burn, and channeling value back to Ethereum Layer 1. Eligible users will have a 90-day window to claim their allocation.

Ondo Finance, a protocol for tokenizing real-world securities, launched Ondo Global Markets on Ethereum, offering tokenized U.S. stocks and ETFs backed by assets held with U.S.-registered broker-dealers and custodians. The platform supports 24/7 transfers, 24/5 minting and redemption, and inherits liquidity from tradfi exchanges. Ondo tokenized stocks are fully transferable, allowing them to be used in DeFi. Ondo plans to scale from over 100 equities to thousands and expand to multiple chains. Ondo coins itself as a leader in “Wall Street 2.0.” Ondo Global Markets is unavailable to U.S. users and operates under jurisdiction-specific restrictions.

The Commodity Futures Trading Commission has officially granted Polymarket the ability to operate its crypto prediction markets in the United States. The CFTC issued a no-action letter effectively approving Polymarket’s entry into the U.S. market, clearing the way for its event-based betting platform to operate nationwide. Founder Shayne Coplan hailed the lightning-fast regulatory process as a turning point for the industry. The approval comes just three years after Polymarket paid a $1.4 million fine to the CFTC in 2022 under the Biden Administration for operating without proper registration.

A coalition of builders, including the Uniswap Foundation, is urging the U.S. Treasury and IRS to provide legal clarity and more accessible pathways for DAOs to operate in the U.S. The coalition calls on the agencies to establish safe harbors and guidance aligned with onchain governance, and to engage directly with DAO communities pioneering new compliance models.

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• ETH CEX spot volume overtakes BTC

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