• BitMine establishes a $2 billion ETH reserve.

• EigenLayer launches Multi-Chain Verification.

• Optimism activates Superchain Upgrade 16.

• Privacy Pools supports USDT & USDC.

• Three Glamsterdam headliners are CFI'd.

BitMine Immersion Technologies, Inc. now holds 566,776 ETH, valued at over $2 billion, making it the largest corporate holder of ether, surpassing SharpLink Gaming’s 360,000 ETH treasury. The company funded the acquisition through a $250 million private placement completed on July 8. BitMine has set the ambitious goal to acquire and stake 5% of Ethereum’s total supply, approximately 6 million ETH. Its strategy focuses on increasing ETH held per share through reinvestment of cash flows, capital markets activity, and staking yields. The total ETH held by corporate entities has reached 2.3m ETH, worth $8.5b.

EigenLayer launched Multi-Chain Verification (ELIP-008), a new feature that enables Autonomous Verifiable Services (AVSs) to be easily configured and deployed on chains beyond Ethereum L1, including Layer 2s. The feature is now available in Public Preview on the Base Sepolia testnet, with support for additional chains and a mainnet launch targeted for Q3 2025. Multi-Chain Verification allows AVSs to reach more users in faster, lower-cost environments while retaining EigenLayer’s security guarantees. AVS developers can opt into the preview and begin integrating today. During the testnet phase, stake data will update daily, with critical updates like slashing reflected immediately across chains.

Optimism’s Superchain has successfully activated Upgrade 16, an update that prepares the network for Superchain interoperability, which is expected to go live as soon as Upgrade 17. The upgrade also removes permissioned roles to meet L2Beat’s latest Stage 1 decentralization standards. Upgrade 16 introduces Go 1.23 support and adds compatibility with Kona, a Rust-based fault prover. The upgrade also includes important maintenance and safety improvements, and increases the maximum gas limit from 200 million to 500 million gas per block. All Superchain chains, including OP Mainnet, Base, Ink, and Unichain, benefit from shared upgrades.

Privacy Pools, an onchain privacy protocol, added support for USDT and USDC stablecoin deposits as part of its multi-asset expansion strategy. Users can now deposit a minimum of $250 in either USDC, USDT, DAI, USDS, or sUSDS stablecoins to privatize their holdings. Privacy Pools enables users to withdraw funds, after passing a compliance check, to an unlinked address. The protocol leverages zero-knowledge proofs to ensure deposits and withdrawals remain unlinked.

During this week’s ACDC call, Ethereum core developers agreed to add three Glamsterdam Headliners EIPs to the “Considered for Inclusion” list, narrowing the candidates for the upcoming network upgrade. The selected EIPs are: ePBS EIP-7732, six-second slot times EIP-7782, and Fork-choice Enforced Inclusion Lists (FOCIL) EIP-7805. Ethereum stakeholders are encouraged to share their feedback in the Ethereum Magicians thread before the inclusion list is finalized.

• ACDC #161 call

• ACDC #161 summary

• EIPs CFId for Glamsterdam

• PQ Interop Breakout Room Call #02

• Pectra Security Competition results

• EF Q2 2025 allocation update

• Matteoikari.eth joins the EF

• Aave V4 Risk Premiums explainer

• BOB becomes a Hybrid ZK Rollup

• Centrifuge V3 goes live

• Earn App is live on World

• Kraken to integrate $INK and Ink L2

• Research: Preemptive Provable Assertions

• EigenLayer Student Summer Tour

• ETH Strategy raises $4.5m token sale

• Couryard raises $30m Series A

• Bloom raises $1.6m pre-seed
  

• IRS questionable tracing recap

• Tay breaks down IRS tracing

• Judge Failla allows into evidence emails

• Preston Van Loon testifies

• US v Storm Day 8 morning update

• US v Storm Day 8 afternoon update

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

• Google Cloud integrates Self Protocol.

• MEV tradeoffs in Glamsterdam EIPs.

• Safe releases research on Cosigners.

• Increase in validator exit queue.

Self Protocol, a ZK-powered onchain identity platform, announced a partnership with Google Cloud to integrate its proof-of-humanity zero-knowledge proofs (ZKPs) into its products. Google Cloud’s Web3 Testnet Faucet will use Self to block bots and ensure fair access for real humans. A Mainnet Faucet will also leverage Self for both sybil resistance and privacy-preserving OFAC compliance. Google is also incorporating Self into its AI-enhanced Web3 tools, allowing verified human users to bypass strict rate limits in blockchain-aware AI systems, ensuring smoother access to AI resources for real humans. The collaboration aims to support privacy-first development. Self allows individuals to prove their identity without exposing sensitive data. Self is built with zk-SNARKs and uses onchain attestations on Celo.

Researchers Hasu and Data Always published an MEV-focused analysis of key EIPs in the upcoming Glamsterdam upgrade, highlighting their tradeoffs for block building, auction design, censorship resistance, and decentralization. They conclude that Block-level Access Lists (BALs, EIP-7928) are unambiguously beneficial for the execution layer, although they come with increased bandwidth requirements. In contrast, the consensus-layer proposals, ePBS (EIP-7732), Reduced Slot Times (EIP-7782), and Fork-Choice Inclusion Lists (FOCIL, EIP-7805), each involve significant tradeoffs with no clear winner.  ePBS could improve MEV markets but introduces the Free Option Problem, increasing the risk of empty blocks. Reduced Slot Times may improve user experience but could hurt geographic decentralization by pressuring validators to co-locate. And FOCIL aims to enforce censorship resistance but offers limited protection for the types of transactions most at risk today.

Safe, the largest smart wallet provider, published a research article on Cosigners, independent agents that perform offchain transaction checks, sign verified transactions, and work with Safe Guards to create a transaction-level safety net. The proposed solution addresses issues with blind signing and overreliance on user interfaces, which are common attack vectors. Cosigners analyze and verify transactions before they can be executed. The mechanism is enforced onchain through the Safe Guard, a security module that applies custom logic to each transaction. Safe notes that projects like Failsafe, Blockaid, and Hypernative Guardian offer hosted cosigner services. However, Safe believes that self-managed Safe Cosigners can enable active, verified transaction filtering along with programmable and economically incentivized safeguards.

The Ethereum validator exit queue has surged in recent weeks, with approximately 630,000 ETH now awaiting withdrawal from the Beacon Chain, according to data from Rated.Network. Although new validators continue to join the network, withdrawals are currently outpacing deposits by around 280,000 ETH. The queue is due to a protocol-level limit on the number of partial and full withdrawals allowed per slot. The wait time for a full exit is now approaching three weeks.

• Glamsterdam Community Call #000

• ACDC #161 agenda

• Stakeholder feedback for Glamsterdam 

• TLDR on BALs EIP‑7928

• Lion against ePBS for Glamsterdam

• Thread about enshrinement

• A few thoughts on FOCIL
  

• Virgil out of home confinement

• ETHGlobal DeFi hackathon

• Daily blobs per block hit ATH

• Surge in validator exit queue 

• Privacy Pools improved relayer features

• Safe research Cosigners

• Sourcify APIv2 verification UI

• Talent launches Creator Score

• L2Beat adds UOPS/TPS ratio chart

• Zapper launches MCP server

• Arbitrum Timeboost $2.62m revenue

• US v Storm morning update

• US v Storm afternoon update

• Paul Grewal comments on US v Storm

• Tay comments on IRS tracing

• Amanda Tuminelli on DOJ’s poor legal theory

• Aave incentives go live on Base

• EtherFi launches Summer Pump incentives

• Ethereal testnet trading competition

• iShares Ethereum ETF $8.5b in 1yr

• BitMine begins options trading

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

• EigenLayer Redistribution is live on mainnet.

• Aztec launches the Adversarial testnet.

• Fluid introduces Fluid DEX Lite.

• Farcaster launches Collectible Casts.

• SharpLink Gaming leads the SΞR.

EigenLayer’s Redistribution feature, an opt-in upgrade to its slashing system, is now live on mainnet. The upgrade allows Autonomous Verifiable Services (AVSs) to repurpose and redistribute slashed funds, rather than having them burned as before. Slashing is an enforcement mechanism for penalizing operator misbehavior. EigenLayer Redistribution unlocks new use cases, including lending, insurance, and performance-based payouts, while also enhancing liquidity management. Stablecoin protocol Cap is one of the first adopters, using redistribution to protect its users by compensating holders in case of operator default. In the initial release, only non-ETH assets are eligible for redistribution.

Aztec Network, a privacy-centric Layer 2 on Ethereum, launched its Adversarial Testnet, the latest stage in its phased rollout. The Adversarial Testnet introduces slashing, which penalizes offline or malicious sequencers, and decentralized governance, enabling the validator set to propose and approve network upgrades. Since launching in May 2025, the Aztec testnet has grown to around 1,000 sequencers and 15,000 nodes distributed across six continents. The Adversarial Testnet will simulate attack scenarios to test the network’s ability to recover without relying on the core team. Users can now run a node, join the validator set, and verify their identity privately using ZKPassport.

Fluid, a DeFi liquidity layer by InstaDapp, introduced Fluid DEX Lite, a new gas-optimized DEX on Ethereum. Fluid DEX Lite is designed to handle small, gas-sensitive trades, aiming to capture sandwich-attack-driven volume that the original Fluid DEX often misses due to higher gas. The DEX uses as little as 10,000 gas per swap and employs a singleton smart contract architecture. Fluid DEX Lite will operate as a credit-based protocol, borrowing liquidity from the Fluid Liquidity Layer instead of relying on user-supplied capital or incentives. Fluid DEX Lite is expected to launch in the coming weeks with a USDC-USDT pool, pending governance approval.

Onchain social protocol Farcaster introduced Collectibles, a new feature allowing users to support each other by bidding on and collecting individual casts as 1-of-1 NFT collectibles on Base. When enabled, new casts are automatically put up for a 24-hour auction starting at $1, with the collectible going to the highest bidder. For casts older than 24 hours, a 7-day auction applies. The feature aims to facilitate peer-to-peer creator monetization. Farcaster founder Dan Romero clarified that the collectible represents the cast itself, not any media it contains. To access the feature, users must update to the latest version of the Farcaster mobile app and restart it. For now, Collectibles are available exclusively on mobile.

SharpLink Gaming has regained its position as the world’s largest corporate holder of ETH, now holding over 360,000 ETH after acquiring 79,949 ETH last week. Since launching its treasury strategy on June 2, it has generated 567 ETH in staking rewards and still has $96.6 million available for additional ETH purchases.

• ACDT #45 summary

• Blob occupancy at 75%

• Ethereum ranks #1 in DeFi

• Nethermind v1.32.3 release

• Linea integrates native USDC

• Circle Gateway deploys on testnet

• Roman Storm trial day 5 recap

• MEV Boost community call #13

• ETH staking live on Robinhood

• Ark Invest allocates $182m to BNMR

• Ethereum demand shock

• L2Beat stage 1 criteria updates

• Spark surpasses $10b TVL

• Spark activates OP rewards

• SEC approves Bitwise Crypto Index ETF

• JPMorgan crypto-backed loans

• FBI ends Kraken founder investigation

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