• ETH hits a new all-time high.

• Ethereum blob scaling efforts.

• The case against FOCIL.

• Progress on native rollups.

The price of ETH is up 15% in the last 24 hours, reaching a new all time high of just under $4,900. The last time ETH reached an all-time high was nearly 4 years ago on November 10, 2021.

The Ethereum Foundation’s L2 and blob scaling team published an update on the latest blob scaling efforts. Blobs are a type of data on Ethereum L1 used to provide data availability for rollups. They have a fee market independent of Ethereum gas fees, which enables lower transaction costs and reduced storage requirements, allowing L2s to process more transactions. Peer Data Availability Sampling (PeerDAS) is scheduled for Ethereum’s next upgrade, Fusaka, expected in late 2025.

PeerDAS allows nodes to verify blob data availability by sampling subsets of the data rather than downloading entire blobs, enabling capacity to scale from 6 up to 48 blobs per block. After Fusaka, Blob Parameter Only (BPO) forks will automatically increase blob capacity. In parallel, interfork bandwidth optimizations such as cell-level messaging will reduce redundant data transfers. PeerDAS v2 is planned for the Glamsterdam upgrade, building on DAS with pipelining EIP-7732. The blob scaling efforts are led by Alex Stokes, Raúl Kripalani, and Francesco D’Amato.

Ameen Soleimani shared the case against Fork-choice Enforced Inclusion Lists (FOCIL) EIP-7805. He outlined the legal implications FOCIL could have for validators in the U.S. FOCIL is a proposal aimed at improving censorship resistance by allowing validators to enforce the inclusion of any transaction valid under protocol rules, ensuring that no single block builder can exclude them. Soleimani argues that U.S. validators could face criminal liability if they are compelled to include sanctioned address transactions, adding that the “attester vs proposer” distinction may not matter to regulators. He also argued that core devs designing the system could be accused of conspiracy to violate sanctions. FOCIL is considered for inclusion in the Glamsterdam upgrade.

L2Beat researcher donnoh.eth shared updates on native rollups, a new type of L2 that leverages Ethereum L1 for execution by directly calling its state transition function. The native design reduces governance and bug risks by eliminating complex proof systems and custom governance. L2Beat launched a new website to share a spec draft, design motivations, comparisons to existing L2s, and references. The site also explores open design questions such as anchoring, arbitrary L1 → L2 messaging, and gas token deposits. Current dependencies for fully native rollups include statelessness and the Ethereum L1 ZK-EVM upgrade.

SharpLink Gaming’s Board approved a $1.5 billion stock repurchase program. The move gives the company flexibility to act when SBET trades at or below NAV of its ETH holdings, helping prevent dilution on its ETH per share basis and enhancing long-term value for shareholders. SharpLink holds 740,000 ETH, one of the largest corporate treasuries worldwide.

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

• MetaMask mUSD stablecoin.

• Flashbots verifiable sequencing for OP Stack.

• DOJ clarifies merely writing code is not a crime.

• DBS Bank tokenizes notes on Ethereum.

MetaMask unveiled MetaMask USD (mUSD), its native USD-pegged stablecoin. mUSD will be issued by Bridge, a Stripe-owned company, and built on the universal stablecoin infrastructure platform M0, which provides shared liquidity and cross-stablecoin interoperability. mUSD will be integrated directly into the MetaMask wallet, with support for onramps, swaps, bridging, and DeFi. MetaMask also plans to make mUSD spendable via the MetaMask Card, which is accepted at millions of Mastercard merchants. The stablecoin is expected to launch later this year on Ethereum mainnet and Linea. MetaMask is the largest self-custodial browser wallet developed by ConsenSys. MetaMask marks the first self-custody wallet provider to launch a native stablecoin.

Flashbots announced that it will bring fast, configurable, and verifiable sequencing to Optimism’s OP Stack. Sequencers are critical infrastructure for rollups since they determine transaction ordering, which impacts speed, censorship, and MEV. The integration will allow OP Stack chains to choose how their transactions are sequenced. The implementation will feature 200ms block times via Flashblocks, outsourced block building with different policies via Rollup-Boost, and verifiable block building using Trusted Execution Environments. The integration will initially be deployed on OP Mainnet and gradually released to OP Stack chains in the coming months.

At the American Innovation Project Summit, Acting Assistant Attorney General Matthew Galeotti clarified that merely writing code without criminal intent is not a crime. He emphasized that developers who contribute code or open-source projects without intending to facilitate unlawful activity cannot be held criminally responsible. The statements reinforce the Blanche Memo of April 2025, which moved to end “regulation by prosecution,” and provide long-sought clarity for open-source developers. Blockchain lawyer Jake Chervinsky noted, the DOJ’s assurances appear to contradict the recent conviction of developer Roman Storm under Section 1960(b)(1)(C), and called for the DOJ to drop the case.

DBS Bank, Singapore’s largest bank, launched tokenized structured notes on Ethereum mainnet, according to The Block. The initiative aims to make structured notes more accessible for institutional, accredited investors, and family offices in Singapore. Each token represents a $1,000 share of the underlying structured note.

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

• Aragon private onchain voting.

• EF TDS enters Phase 2.

• Gnosis celebrates 10 years.

• Stablecoin market cap hits ATH.

DAO infrastructure provider Aragon introduced a solution for private onchain voting, enabled by an integration with the Minimum Anti-Collusion Infrastructure (MACI) plugin developed by the Privacy Stewards of Ethereum team. The integration allows DAOs using the Aragon governance stack to run encrypted, zk-verified private votes. The system leverages zk-SNARK proofs to ensure results are verifiable and cannot be censored or falsified. By protecting voters from coercion and retaliation, private DAO voting aims to increase participation and improve decision-making accuracy. The solution is currently demo-ready, and Aragon is seeking DAOs to pilot the plugin before a wider rollout.

The Ethereum Foundation’s Trillion Dollar Security (TDS) initiative, an ecosystem-wide effort to raise Ethereum’s security to support trillions of dollars in value, has entered Phase 2, moving from research to action. Phase 2 begins with a focus on user experience (UX) security. Phase 2 addresses wallet security, blind signing, and building an open-source database of smart contract vulnerabilities. Over time, additional waves will expand into other security domains, with the ultimate goal of making Ethereum safer and more reliable than traditional financial infrastructure.

Gnosis, founded in 2015, celebrated 10 years since launching its first Ethereum smart contract. Over the decade, Gnosis has grown from decentralized prediction markets into a full-stack open finance platform. Its key contributions include the Safe smart wallet,the CoW Swap DEX aggregator, Gnosis Pay self-custodial payments, and Gnosis Chain with 300k+ validators. Looking ahead, Gnosis will launch Gnosis 3.0 in Q3 2025, unifying all products under the same Gnosis brand with no further spinouts. The GNO token will remain as the governance, staking, and ecosystem alignment for the Gnosis DAO.

The market capitalization of stablecoins on Ethereum continues to set new records, now exceeding $143 billion.  The figure is up over half a billion just in the last day. Tether’s USDT remains dominant with a market cap of over $70 billion, while Circle’s USDC holds second place at $41.81 billion. Over the past two years, Ethena’s USDe has risen to secure the third spot with a market cap of $11.1 billion.

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