• Coinbase introduces The Base App.

• Coinabse releases Base Account and Base Pay.

• Consensys releases a report on Ethereum.

• Privacy Pools supports USDS.

Coinbase introduced The Base App, the newest version of its non-custodial wallet, designed to enhance social discovery through an integration with the Farcaster social graph. Previously known as Coinbase Wallet, The Base App now offers a Base Account smart wallet, a social feed, payments, secure chat, and over a thousand apps. Any developer can now release apps on The Base App. Coinbase’s non-custodial wallet originally launched in 2017 as Toshi, later rebranded as Coinbase Wallet, and now as The Base App. Coinbase’s Layer 2 network Base has also been renamed Base Chain, and now supports 200ms block times via Flashblocks.

Coinbase released the Base Account SDK, the next evolution of its Coinbase Wallet SDK, featuring universal sign-on through Sign in with Base and a USDC payments module called Base Pay. The release introduces Base Account, which serves as the onchain account and identity layer for the new Base app, built on Coinbase’s Smart Wallet infrastructure and Basenames. Base Account also supports offchain storage of personal information, enabling easy sharing with apps. The SDK also supports Sub Accounts, allowing users to manage multiple app accounts from one place. Base Pay will also be integrated into Shopify Checkout.

Consensys released a new report on Ethereum titled “The Industrialization of Trust,” coining Ethereum as “Trustware”: programmable, verifiable digital trust infrastructure for the global economy. Ethereum delivers digital trust as a commodity by guaranteeing data validity and finality through irreversible settlement. The report argues that owning ETH represents partial ownership of Ethereum’s critical infrastructure, positioning ETH as a digital reserve asset akin to gold and US Treasuries, but natively digital, programmable, and borderless. ETH also generates a yield through staking and has deflationary supply dynamics via EIP-1559. The report uses a Cost-to-Corrupt framework to value ETH, predicting a base-case price target of $15,800 by year-end 2028, reflecting both network security needs and ETH’s growing role as money and collateral.

Privacy Pools, an onchain privacy protocol, added support for USDS deposits, the native stablecoin of the Sky Protocol. The minimum deposit amount is set at 250 USDS. For a limited time, deposit fees for assets in the Sky Ecosystem will be 0%. The integration aligns with Privacy Pools’ multi-asset expansion strategy, with support for additional assets planned in the coming weeks. Privacy Pools enables users to deposit assets and withdraw them to an unlinked address. It uses zero-knowledge proofs to ensure deposits and withdrawals remain unlinked, provided assets stay in the pool for a minimum period. Since its mainnet launch in March 2025, Privacy Pools has processed over 1,000 deposits.

• Glamsterdam picks by client teams

• Optimism joins SΞR

• Aera launches private mainnet

• ZK Talks Episode 9

• Tether mints $2b USDT

• BofA expects to launch a stablecoin

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

• Boundless launches to mainnet beta.

• SharpLink surpasses EF in ETH holdings.

• DOJ ends its investigation into Polymarket.

• Nethermind releases Halva.

Boundless, a zero-knowledge verifiable compute layer, is now live on Mainnet Beta. Boundless enables computations to be performed by specialized prover nodes and verified efficiently by other chains or contracts through succinct zero-knowledge proofs, removing the need for re-execution on every node. Boundless also supports cross-chain interactions and elastic scalability. Boundless also introduced The Signal, an open-source ZK consensus client that compresses Ethereum finality into a single proof. Boundless is currently live on Base, with plans for additional chain deployments. Users can now vote on which chains The Signal should support next, request proof bundles, or run a prover node.

SharpLink Gaming is now the world’s largest corporate holder of ETH, with over 280,000 ETH in its strategic ETH reserve. The milestone follows SharpLink’s purchase of 74,656 ETH earlier this month, including a direct 10,000 ETH purchase from the Ethereum Foundation. Over 99% of the company’s holdings are staked on Ethereum. SharpLink also raised $413 million from an equity offering this month, with about $257 million of proceeds still available for future ETH purchases. SharpLink introduced an “ETH Concentration” metric, representing ETH held per 1,000 diluted shares, which stands at 2.46 ETH. The EF is now the second-largest entity to hold ETH.

The U.S. Department of Justice has ended its investigation into Polymarket, the leading crypto-based prediction markets platform, without filing any charges. Polymarket CEO Shayne Coplan revealed that the FBI raided his home and seized his electronic devices just eight days after the 2024 presidential election. The investigation centered on whether Polymarket was accepting bets from U.S. users. Polymarket allows users to deposit USDC to buy and sell prediction tokens tied to real-world events. Polymarket is the 4th largest protocol on Polygon with over $90 million in TVL.

• Nethermind releases Halva

• Lodestar v1.32.0 release

• Prysm recommends EIP-7732 for Glamsterdam

• Glamsterdam EIP implications

• Tornado Cash day 2 recap

• Fuel posts DA on EigenDA

• ACDT#44 Call Minutes

• StatelessEth Call #38 recap

• Paragraph launches Post Coins

• Orb launches username marketplace

• Devconnect early bird tickets ending

• BTCS takes out a loan on Aave

• Morpho hits $2b TVL on Base

• Jokerace vote-and-earn v2

• Vitalik on best way to build an L2

• Lawmakers fail to pass Genius Act

• Privy wallet explainer

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

• Bitmine buys $500m worth of ETH.

• Over 29% of the ETH supply is staked.

• Aave reaches $50 billion in deposits.

• Roman Storm begins trial in SDNY.

Bitmine Immersion Technologies Inc. has become the latest Bitcoin mining firm to build an Ethereum treasury, following its recent purchase of 163,142 ETH, currently valued at around $500 million. Traded on the NYSE under the ticker BMNR, Bitmine is led by institutional investor Thomas Lee, who is leading the company’s ETH strategy. Bitmine now ranks fourth among strategic ETH holders. Meanwhile, SharpLink Gaming (NASDAQ: SBET) added another 16,374 ETH over the weekend, boosting its total holdings to 216,000 ETH. Amid a surge in buying activity from Bitcoin mining companies, ETH is up 18.7% in the past week and is now trading above $3,000.

More than 29% of the total ETH supply is now staked on the Beacon Chain. According to data from hildobby’s Ethereum staking dashboard, around 35.9 million ETH is staked across approximately 1.1 million validators. Currently, the staking entry queue holds 400,861 ETH, resulting in an estimated wait time of about a week. Staking ETH helps secure the Ethereum network by creating an economic guarantee for validators to propose, verify, and attest to valid blocks. Lido Finance remains the largest staking provider, holding about 25% of all staked ETH, although its share has declined from 31.9% in 2023.

Aave, the largest DeFi lending protocol, achieved $50 billion in combined TVL across its deployments on 11 networks and 13 markets. Initially known as ETHLend, Aave was first deployed to Ethereum on January 8, 2020. The protocol reached its first $1 billion in TVL just a few months later, kicking off DeFi Summer. Beyond enabling global open access to lending markets, Aave ensures that everyone, regardless of the size of their holdings, receives equal lending rates. Aave is working toward Aave V4, expected to go live later this year.  Aave V4 is a Cross-Chain Liquidity Layer (CCLL) that aims to unify liquidity across chains, improving capital efficiency.

Roman Storm, a developer who helped write open-source code for Tornado Cash, started trial today in the Southern District of New York (SDNY). According to DL News, Storm’s legal team sought to prevent prosecutors from presenting images and messages obtained through subpoenas sent to Apple, X, and Dragonfly. Storm was indicted on August 23, 2023, on charges of money laundering, violating sanctions laws, and operating an unlicensed money-transmitting business in relation to Tornado Cash. The Department of Justice has pursued the case despite recent court rulings overturning sanctions on Tornado Cash smart contracts and the removal of the contract addresses from OFAC’s SDN list. The trial’s outcome will set a significant precedent for open-source developers worldwide. Supporters can contribute to Storm’s legal defense through freeromanstorm.com or on Giveth.

• BTCS holds 29,122 ETH

• Cathie Wood says EF is making the right moves

• Headliner EIP rank builder

• ZK Brief Edition 51

• Ethereum Tour is live

• Crypto Week begins

• Arbitrum hosts Open House

• Clanker goes live on Arbitrum

• OG UNI airdrop is still active

• Summer League Base rewards

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