• Reth bug stalls some nodes.

• Holešky testnet shutdown details.

• Twyne goes live on Ethereum.

• The Ether Machine raised 150k ETH.

A bug was found in the state root computation of the Reth Ethereum execution layer client, which caused nodes to stall at block 23272427. The issue impacted node operators, including RPC providers using Reth such as Merkle and Defillama. The bug was confirmed to be affecting Reth versions 1.6.0 and 1.4.8. Paradigm shared safe recovery steps for both pruned and archive nodes, which take ~45 minutes to rebuild the trie before resuming sync. The Reth team is actively investigating the issue and has not yet released a patch. Track the bug on Ethstaker,

The Ethereum Foundation announced that the Holešky testnet, Ethereum’s largest public staking and validator testnet launched in 2023, will be shut down two weeks after the Fusaka upgrade finalizes, expected to occur in the coming months.  Staking operators and infrastructure providers are advised to migrate their testing operations to Hoodi, a testnet created with a fresh validator set and full Pectra support. Application and tooling developers should migrate to Sepolia for smart contract and dapp testing. Ephemery is the newest testnet, designed for lightweight validator lifecycle testing with frequent resets. 

Twyne, a credit-delegation protocol built on Euler, is now live on Ethereum mainnet. Twyne addresses two major inefficiencies of lending markets: idle lender capital and premature borrower liquidations. Twyne allows borrowers to rent unused borrowing power from lenders to boost their LTV ratio, protecting their positions from liquidations. Lenders get to earn APY on their previously idle deposits. According to Twyne, rented collateral could have saved 94% of liquidated borrowers on Euler. Twyne unlocks new levels of capital efficiency for both lenders and borrowers.

The Ether Machine, a leading corporate ETH treasury company, announced it has secured an additional 150,000 ETH, worth over $650 million, in committed capital for its strategic Ethereum reserve. The investment comes from Jeffrey Berns, Founder of Blockchains Inc., a startup focused on verifiable identity and reputation solutions. This latest commitment builds on the company’s previously announced $800 million in funding, bringing its total holdings and commitments to 495,362 ETH. The company aims to be the only purely Ethereum-focused institutional platform, built and operated by Ethereans.

ETHZilla, a corporate ETH treasury company, announced plans to allocate $100 million in ETH to EtherFi, the largest liquid restaking protocol with $11 billion in TVL. The initiative aims to enhance yields on ETHZilla’s ETH holdings while reinforcing Ethereum’s security. It also marks ETHZilla’s first DeFi-based treasury management strategy. With over 100,000 ETH in reserve, ETHZilla currently ranks as the eighth-largest corporate ETH holder.

• EF transparency notice

• EF Reddit AMA #14 wraps up

• Yunfeng Financial buys 10k ETH

• SharpLink buys 39k ETH

• BitMine buys 74k ETH

• Kraken token stocks on Ethereum

• Defense for FOCIL

• Aragon integrates BORGs

• Web3Privacy DeFi Punk 101

• DeFi Saver supports tbBTC

• The BTC to ETH rotation

• Linea launches Ignition campaign

• StakeDAO migration to Staking V2

• Kite raises $18m

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

• Ethereum UX roadmap updates.

• EF ESP pauses open grant applications.

• EigenLayer patches a bug on EigenPods.

• Clave releases Clave V2.

The Ethereum Foundation’s Improve UX track team released an update on its efforts to create a unified user experience across Ethereum’s L2 ecosystem, with a strong focus on interoperability through intent-based architecture and trustless cross-chain messaging. Key initiatives include the Open Intents Framework (OIF), a modular infrastructure for cross-chain intents, with a production-ready release, audits, and a full solver system expected by Q4 2025. The Ethereum Interoperability Layer (EIL), designed to provide trustless cross-L2 execution, will have its design released in October 2025.  Looking ahead, the team’s long-term vision is to integrate SNARKs more deeply into Ethereum’s infrastructure. The team also highlighted Kohaku, a privacy-first wallet project. Together, the efforts aim to make Ethereum’s multi-chain ecosystem feel seamless and secure.

The Ethereum Foundation’s Ecosystem Support Program (ESP), which funds and supports Ethereum builders, has paused open grant applications to refine its priorities. ESP plans to shift to a more strategic, proactive funding model and coordinate closely with other EF teams. The team will continue hosting Office Hours to provide teams with guidance and non-financial support. According to data from butter.markets, the EF ESP has allocated over $144 million since 2020. In 2024 alone, the ESP distributed $3 million to 105 projects. The ESP team will announce an updated grants strategy by Q4 2025.

EigenLayer disclosed and patched a vulnerability in its EigenPods smart contract, reported via its Immunefi bug bounty program. The bug could have allowed a malicious actor to mint more beacon chain shares than they actually owned, potentially leading to inflated rewards and miscalculated slashable stake values. The issue was fixed, with no evidence of exploitation. Service remains uninterrupted, and no action is required for EigenLayer users.

Clave released Clave v2, the latest version of its mobile smart wallet, featuring seedless onboarding via passkeys and unified token balances across chains. The update is live now with initial support for Arbitrum and Base. It integrates with Privy for email-based account recovery. Clave v1 users must migrate their wallets to access the new features. Clave features integrations with Relay and Across for bridging and Morpho for DeFi lending.

• Besu v25.8.0 release

• Forkcast updates

• Devconnect Ethereum Day

• ETH Strategy collabs with Rocket Pool

• Ethdevnews weekly #4

• Fileverse dDocs updates

• New EIPs on the horizon

• Learn about EF Steel team

• Ethproofs countdown

• EDoE interview with Texture

• Sharplink ETH dashboard

• Pudgy releases Pudgy Party

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

• U.S. posts GDP data onchain.

• Safe introduces ERC-7955.

• ECF introduces Burned ETH.

• BitMine buys 78,791 ETH.

The U.S. Department of Commerce published Q2 2025 GDP data on nine blockchains, including Ethereum, Arbitrum One, Polygon PoS, and Optimism, marking the first time a U.S. federal agency has published official economic data onchain. The Department published a SHA256 hash of the GDP release and its topline figure leveraging Pyth and Chainlink oracles. Centralized exchanges Coinbase, Gemini, and Kraken supported the execution, with Kraken onboarding the Department as a client and facilitating the transactions. Chainlink also made six key macroeconomic metrics from the Bureau of Economic Analysis (BEA) available onchain, which will be updated monthly or quarterly.

Safe introduced ERC-7955, a new standard for deploying a universal CREATE2 factory at a fixed address on any EVM-compatible chain. It enables deterministic, permissionless Safe contract deployments without relying on private keys or sealed transactions, making deployments permissionless and recoverable, allowing failed deployments to be retried. The standard removes reliance on the Safe team for deploying Safe smart contracts on new chains. Safe also released a web-based deployment tool to simplify the deployment process. ERC-7955 can act as a drop-in replacement for both the Safe Singleton Factory and Nick Johnson’s CREATE2 deployment proxy.

The Ethereum Community Foundation introduced Burned ETH (BETH), an ERC-20 token representing provably burned ETH. When ETH is sent to the BETH smart contract, it is immediately forwarded to a burn address, permanently removing it from circulation. The contract then mints an equal amount of BETH tokens, maintaining a 1:1 correspondence with the burned ETH. By tokenizing proof of burn, BETH builds on Ethereum’s EIP-1559 burn mechanism and makes burned ETH verifiable, unlocking use cases for new DeFi products. Ethereum Community Foundation is a new organization dedicated to funding Ethereum projects that aim to increase the price and utility of ETH.

BitMine Immersion Technologies Inc. purchased an additional 78,791 ETH, bringing its treasury to 1.8 million ETH, worth over $8 billion. BitMine also appointed David Sharbutt to its Board of Directors. Sharbutt previously served as a board member for the American Tower Corporation. BitMine remains the largest corporate holder of ETH.

• ACDE #219 highlights

• Stablecoin supply hits ATH

• Euler hits $3b TVL

• PrivacyPools hits 1k ETH deposits

• Early days of ETH updates

• BTCS stakes on Rocket Pool

• Biconomy Supertransaction API

• Beaconchain Dashboard v2

• Soneium introduces Soneium score

• Gelato supports ArbOS 40

• Blobstream migrates Succinct

• Chainlink Reserve adds 42k LINK

• Fusaka audit starts Sept. 15

• Meet Mark Mackey

• Gas usage over time

• Redstone integrates Redstone

• CFTC pathway for offshore 

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