• Linea unveils LINEA tokenomics.

• ETHZilla unveils ETH Treasury Strategy.

• SEC approves in-kind crypto ETPs.

• BitMine now holds 625k ETH.

• ECP introduces BlobKit.

Linea, an EVM‑equivalent ZK rollup incubated by Consensys, released the tokenomics for LINEA, its native token featuring a total supply of 72 billion tokens, representing 1,000x the initial circulating supply of ETH. 85% of LINEA is allocated to the ecosystem and 15% to the Consensys treasury under a five‑year lockup. Within the ecosystem allocation, 75% of tokens go to an Ecosystem Fund and 10% goes to Early Contributors, including 9% for the initial user airdrop. It will also have a fee model that burns 20% of net ETH gas fees and uses the remaining 80% to buy‑and‑burn LINEA. Additionally, ETH bridged to Linea will be natively staked to generate rewards for liquidity provision. The Ecosystem Fund will be overseen by the Linea Consortium, which includes ENS Labs, Eigen Labs, SharpLink, Status, and Consensys.

180 Life Sciences Corp., listed on the Nasdaq under ATNF, announced plans to rebrand as ETHZilla Corporation following its $425 million private placement round. The company will adopt a new treasury strategy focused on acquiring ETH while continuing to advance its existing biotech initiatives. Electric Capital will act as ETHZilla’s external asset manager, deploying a range of onchain yield strategies aiming to outperform traditional ETH staking yields. The round included participation by over 60 institutional and crypto investors, including Ethereum builders, DeFi founders, and Wall Street veterans. 

The SEC approved orders allowing in-kind creations and redemptions for crypto asset exchange-traded products (ETPs), including bitcoin and ether products. The approval marks a shift from previous approvals, which only permitted cash-based transactions. Under the new framework, issuers can now create and redeem ETP shares using bitcoin and ether directly, rather than cash. SEC Chair Paul S. Atkins said the move is part of building a “fit-for-purpose regulatory framework” for crypto markets, designed to make the products less costly and more efficient. In addition, the SEC approved several related measures, including allowing applications to list ETPs that hold both spot bitcoin and spot ether.

BitMine Immersion Technologies Inc. now holds 625,000 ETH, valued at $2.35 billion, in its treasury. The company also announced a $1 billion open-ended stock repurchase program, allowing it to buy back shares in the open market as part of its strategy to optimize capital allocation. Chairman Thomas Lee noted that the buyback could provide the best return on capital in the company’s goal of accumulating 5% of Ethereum’s supply.

• ECP launches BlobKit

• Introducing ETH Dev News

• 2025 Staking Survey results

• Obol institutional staking survey

• Stateless ETH explains code chunking

• Ethereum Checkpoint #5

• EF 10 Years Of Ethereum NFT

• Ether Guild commemorative NFT

• RedStone launches Atom

• ZKsync connects to ZKsync Gateway

• Sovereign introduces its SDK

• Golem allocated 6,470 ETH 

• BaseCamp opens applications

• Coinbase adds Samsung Pay

• eToro tokenized stocks on Ethereum

• BTCS plans to raise $2b

• SEC acknowledges BlackRock’s staking ETF
  

• US vs Storm verdict as soon as tomorrow

• DOJ backtracks on Dragonfly

• Samurai Wallet founder changes plea

• Gov says Chainalysis is not helpful

• Chainalysis witness pleads the Fifth

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

• Succinct opens registrations for $PROVE airdrop.

• MetaMask Mobile integrates Aave.

• SharpLink buys 77k more ETH.

• Teku releases v25.7.1.

The Succinct Foundation opened registration for its upcoming $PROVE token airdrop. Eligible users can now check their eligibility and register for the airdrop using a wallet address, Discord, X, or GitHub account. The registration window will remain open until August 3, 2025, at 7 PM UTC, and registering is mandatory in order to claim $PROVE once it launches. Eligible users include participants in the network’s testnet stages, top community members on Discord and X, developers who have contributed to key ZK and open source repositories, X affiliates of partner protocols, and certain users from leading rollups that integrate with Succinct’s Prover Network. Succinct is a decentralized protocol designed to create a transparent marketplace for proof generation. Its native token, $PROVE, serves as a payment method for generating proofs, provides economic security through staking and slashing, and is used for governance.

MetaMask, the leading browser wallet with over 100 million users, integrated the Aave lending protocol into its mobile app. With its new Stablecoin Earn feature, users can now earn yield on stablecoins like USDC, USDT, and DAI directly from their MetaMask mobile wallet. Users can deposit stablecoins to receive interest-bearing aTokens. The integration features no MetaMask fees, full withdrawal flexibility, and complete self-custody. The release supports Aave on Ethereum, Linea, Arbitrum, and Base. Aave is the largest DeFi lending protocol with over $50 billion in user deposits.

SharpLink Gaming purchased an additional 77,210 ETH over the weekend, increasing its total Ethereum holdings to 438,017 ETH, valued at approximately $1.67 billion. The purchase makes SharpLink the second-largest publicly traded company with a strategic ETH treasury, trailing behind BitMine Immersion Technologies Inc. SharpLink Gaming is chaired by Consensys founder Joseph Lubin and co-led by former BlackRock Head of Digital Assets Joseph Chalom. Separately, BTCS Inc. also added 14,240 ETH to its holdings over the weekend.

• Teku v25.7.1 release

• 10th Birthday live stream

• Tornado Cash trial recap

• Chainalysis witness may plead the 5th

• OpenZeppelin releases Contracts MCP

• Ether Guild 10yr commemorative NFT

• Devcon 0 vs Devcon 7 growth

• Roman Storm’s final push

• Binji: Ethereum has been online 10yrs

• Delphi Digital ETH treasury dashboard

• Joe Lubin on Bloomberg

• Signet live on testnet

• OP: Lessons in Causality

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

• SharpLink hires former BlackRock executive.

• Succinct Foundation introduced.

• Dragonfly stands by Tornado Cash investment.

• Bit Digital seeks to raise more capital for ETH.

SharpLink Gaming appointed Joseph Chalom, former Head of Digital Assets Strategy at BlackRock, as its new Co-CEO. Chalom spent two decades at BlackRock, where he helped lead the firm’s entry into digital assets, including the launch of the iShares Ethereum Trust, now the largest Ethereum ETP with $10 billion in assets under management, and the BUIDL tokenized fund on Ethereum, now holding $2.4 billion in value. Current CEO Rob Phythian will shift to the role of President and remain on the Board. Chalom stated that SharpLink’s strategy centers on not just holding ETH, but actively deploying it through native staking, restaking, and other Ethereum-based yield-generating protocols.

Succinct Labs launched the Succinct Foundation, an independent organization dedicated to accelerating the growth of the Succinct Prover Network. The foundation will drive broader adoption of Succinct and ZK by funding research, decentralizing the network, fostering innovation, and cultivating a vibrant developer ecosystem. It will also launch $PROVE, the native utility token of the network. The Succinct Prover Network is a decentralized protocol that connects provers and requesters, enabling applications and infrastructure to be secured through cryptographic proofs. Succinct is also the creator of SP1, a leading ZK virtual machine that makes ZK technology more accessible to developers.

Dragonfly managing partner Haseeb Qureshi shared a statement regarding the firm’s 2020 investment in PepperSec, the development entity behind Tornado Cash, amid the ongoing trial of open-source developer Roman Storm. Qureshi says Dragonfly invested in PepperSec because of its belief in privacy-preserving open-source technology, and it continues to stand by that investment. He revealed that Dragonfly received a DOJ subpoena in 2023 and has fully cooperated with the investigation.  The statement comes amid a recent court disclosure that the U.S. government is considering potential charges against Dragonfly for its investment. Qureshi says the firm is prepared to defend itself if necessary.

Bit Digital is planning to raise substantial additional equity financing in the near term to pursue its growth strategies, including the purchase of Ethereum (ETH). In a proxy statement filed with the SEC, the company is seeking shareholder approval to increase its authorized share capital from 340 million to 1 billion Ordinary Shares. The company currently holds a treasury of 120,000 ETH.

• ACDC #161 summary / minutes / highlights

• Erigon v3.0.15 release 

• Hardhat 3 execution traces

• Lido roadmap to Pectra

• L2Beat opinions on Glamsterdam

• Péter Szilágyi presents on decentralization

• Gitcoin 3.0 overview

• ETHGlobal New York Aug. 16th

• Thrive 3m OP funding program

• Soispoke bullpost on FOCIL

• Phil Ngo on delaying EIP-7782

• ETH whitepaper published 11 years ago

• Grayscale GENIUS Act thread

• GameSquare buys Cryptopunk & $10m ETH

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