TLDR: Buterin declared consortium blockchains a failure at Arbitrum Day on July 20, 2024, citing cartel-like structures. He proposed adding Merkle roots and validity proofs to centralized servers as a low-disruption enterprise fix. Buterin defined four L2 categories: EVM chains, server upgrades, experimentation zones, and app-specific chains. Interoperability between diverse L2 types is central to…

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Linea Consortium has joined Linux Foundation Decentralized Trust (LFDT) as a premier member and contributed the open-source zero-knowledge (ZK) rollup stack powering Linea as a new code project called Lineth. The contribution places Linea’s core layer-2 technology under LFDT’s open-source governance framework, rather than the control of any single company, Linea Consortium said in a…

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TLDR Bitmine purchased 101,745 ETH worth about $238 million and increased its total holdings to over 5.18 million ETH. The company now holds roughly 4.29% of Ethereum’s outstanding supply and maintains total crypto and cash assets of $13.1 billion. Bitmine has pledged more than 4.36 million ETH to staking operations and generates about $297 million…

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A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are owed over $877 million in compensation and damages by North Korea.  Charlie Gerstein, a lawyer for US law firm Gerstein Harrow LLP, said in a post on the Arbitrum DAO…

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TLDR: Ethereum’s gas limit will increase from 60 million to 200 million following the Glamsterdam upgrade. L1 execution capacity will grow by more than 3x, with a further doubling expected shortly after. ETH mainnet gas fees could remain near zero for years if network demand does not rise equally. ePBS, BALs, and gas repricings work…

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The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million. “This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote…

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TLDR: Bitmine staked $508.4M worth of ETH in a single day through six large transfers via Coinbase Prime. The firm now controls 10.5% of Ethereum’s total staked supply, totalling over 4 million ETH staked. Staking removes ETH from circulation, potentially creating long-term upward price pressure on Ethereum. No corporate entity has ever staked this proportion…

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Fundstrat co-founder Tom Lee shared a “generational play” thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000. Key takeaways: ETH is testing a key long-term support trend line that preceded 5,000% gains in the past. Tom Lee amplified the fractal setup, which projects ETH toward $60,000 by 2030. ETH price chart:…

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TLDR: LayerZero Labs is donating 5,000 ETH and depositing another 5,000 ETH into Aave to strengthen market liquidity. The $292M Kelp DAO exploit involved an RPC-poisoning attack that forged cross-chain messages via LayerZero’s DVN. DeFi United has raised over $300M in ETH and stablecoins, with major contributors including Consensys and Arbitrum DAO. Total value locked…

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Stablecoin monthly transfer volume fell by nearly 20% over the past 30 days, even as the market’s total supply and holder count continued to rise.  According to data from RWA.xyz, 30-day stablecoin transfer volume dropped 19.18% to $8.31 trillion as of April 28, while stablecoin market capitalization rose 2.06% to $305.29 billion over the same…

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