Coin overview
ZK
Ended--
Last price (USDT)
890.97K
24h total (USDT)
3.05M
Total vol (USDT)
2024-05-22 09:00:00 ~ 2024-06-17 07:30:00
Trading time (UTC+0)
2024-06-17 12:00:00
Delivery time (UTC+0)
Total supply13.75B
Resources
Introduction
ZKsync is an ever expanding verifiable blockchain network, secured by math.
Scroll DAO Pauses All Governance Activities Following Multiple Leadership Resignations and Internal Disagreements
Scroll DAO pauses operations after leaders resign, raising questions about future governance and decision-making. Key proposals are on hold as the community waits for clear direction from the remaining Scroll DAO leadership. Despite the governance pause, Scroll’s ecosystem continues to grow with stable token performance and new partnerships. Scroll DAO has paused its operations after key leaders resigned, raising concerns across the community. The decision was confirmed following a delegate call on September 10. DAO delegate Olimpio announced the pause on social media. The move came after the resignation of Eugene Chen, a key leader within the organization. According to Scroll DAO delegate Olimpio, Scroll DAO governance will be paused, several members of the DAO leadership have resigned, and the organization is in disarray. Although Scroll co-founder Haichen stated that they are "redesigning governance," the future path remains… — Wu Blockchain (@WuBlockchain) September 11, 2025 Chen’s exit followed internal disagreements over the direction of governance. His departure sparked broader uncertainty around the future of the DAO. The timing has left several key governance proposals in limbo. These proposals included treasury management plans and council formation. Governance Uncertainty Increases Community Concerns Scroll DAO was originally designed to support decentralized decision-making for the Scroll Layer 2 project. Token holders were given the ability to vote on decisions. However, the recent leadership changes have disrupted that structure. Community members have raised questions over transparency and communication. Some delegates reported confusion over which proposals remain active. Others pointed to a lack of clarity around decision-making authority during the pause. Internal discussions revealed that leadership preferred to describe the pause as temporary. No strict adherence to a schedule or follow-up. The change of the governance model is under discussion. In May, the market performance of Scroll (SCR) indicated that it might soon experience a turning point in its pricing trends after multiple weeks of decreasing sales. However, A breakout would have signalled a reversal and fuelled up to 150% price growth. Proposals and Council Plans Remain Unresolved Several governance proposals were still under review when the pause was announced. These included a council formation process and contributor recognition plans. A treasury management request and a timelock test were also under discussion. Delegates debated whether these proposals should move forward. However, without active leadership, decision-making is stalled. Community representatives asked for more time to reassess the situation. The council initiative, launched on August 15, had offered paid seats to manage grants and regional nodes. That program now faces an uncertain future. Many within the DAO remain unsure about whether the structure will return in its current form. Scroll Ecosystem Continues Development Amid Pause Despite governance issues, Scroll’s broader development efforts remain active. On September 8, Scroll partnered with Makinafi to expand decentralized finance options. The partnership will deliver stablecoin vault strategies for enterprise and retail users. More than $185 million remains locked in corporate vaults on Scroll. This signals continued demand for its zkEVM infrastructure. The SCR token has been relatively stable with a slight increment in the past 24 hours. In May, Ethereum Layer 2 technology, projects like zkSync , and Scroll were taking key roles in enhancing blockchain scalability and efficiency, as well as blockchain decentralized governance. According to CoinMarketCap, Scroll, a zkEVM-based Layer 2 solution, focuses on scalability and security. Still, the pause highlights ongoing challenges in decentralized governance models. Leadership changes and unclear communication have left the community waiting for direction. Until more details are shared, the future of Scroll DAO remains uncertain.
DigiFT, Chainlink, & UBS team up to automate tokenized fund operations in Hong Kong
DigiFT, Chainlink, and UBS are teaming up to automate the management of tokenized funds in Hong Kong. Summary DigiFT will collect investor orders through regulated smart contracts and validate the infrastructure. UBS will provide the tokenized funds and smart contracts that hold and manage the assets. Chainlink will execute fund operations such as issuance, redemption, and lifecycle management across blockchains using its DTA framework. DigiFT, a licensed exchange for institutional-grade tokenized assets, has teamed up with Chainlink ( LINK ), the industry-standard oracle platform, and UBS Tokenize, UBS’s in-house tokenization service, to build a blockchain-based system for managing tokenized funds . The new platform will automate key fund operations—including subscriptions, redemptions, and lifecycle management—using smart contracts, helping to reduce manual errors and unlock significant cost savings in the global asset management industry ($132 trillion). In the project’s workflow, investors will submit orders for UBS’s tokenized products through DigiFT ’s regulated smart contracts. Chainlink’s Digital Transfer Agent framework will then process these orders and trigger the corresponding issuance, redemption, or other fund management actions on UBS’s tokenized fund contracts, all recorded securely on-chain. The DTA framework connects across any blockchain, not just the one UBS uses, while DigiFT is validating the infrastructure and providing commercial feedback to ensure compliance, scalability, and interoperability for Hong Kong’s financial institutions. This project is part of Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme , an initiative by Hong Kong’s Cyberport aimed at accelerating the development and real-world application of blockchain and Web3 technologies. Under this program, eligible entities can apply for subsidies covering up to 80% of project costs, with a maximum grant of HK$500,000 per project, disbursed in two installments. “Hong Kong is rapidly emerging as a leading center for regulated digital assets, and our project’s selection under the Blockchain & Digital Asset Pilot Subsidy Scheme reflects DigiFT’s commitment to building long-term infrastructure in the city,” said Kevin Loo, Hong Kong CEO of DigiFT. Apart from its initiative with DigiFT and UBS, Chainlink is emerging as a leading infrastructure for automating fund operations and providing secure, verifiable on-chain data. Earlier this year, Libre Capital adopted Chainlink’s standards, including the Cross-Chain Interoperability Protocol and Proof of Reserve, to tokenize funds offering exposure to investments from BlackRock and Laser Digital. Additionally, Chainlink’s DTA framework has been used in other institutional initiatives, like Fidelity International’s partnership with Sygnum to bring NAV data on-chain for its $6.9 billion Institutional Liquidity Fund on the zkSync blockchain.
Venus Protocol Pauses Operations After $13,5 Million Loss in Attack
Venus user loses $13,5 million to phishing DeFi Protocol Paused for Security Investigations Smart contract remains intact, according to developers Venus Protocol, a decentralized lending platform, temporarily suspended its operations after one of its largest users lost approximately $13,5 million in a suspected phishing attack. According to blockchain security firms, the victim signed a transaction that granted token approvals to a malicious address, allowing the attacker to drain the funds. In an official statement, the team said it is investigating the incident. "We are aware of the suspicious transaction and are actively investigating," the team wrote on X. "Venus is currently paused following security protocols." Security firm PeckShield noted that the address "0x7fd...6202a" was authorized by the victim, enabling the transfer of assets. CertiK added that the user's wallet had called the updateDelegate function, approving the attacker before the funds were diverted. #PeckShieldAlert Correction The loss for the phished @VenusProtocol user is ~$13.5M. Initial estimates were higher as we did not exclude the debt position. https://t.co/k6JDDLOrP1 pic.twitter.com/3Wx8ufpvic —PeckShieldAlert (@PeckShieldAlert) September 2, 2025 Project moderators reinforced in Telegram messages that the protocol itself was not exploited. "To clarify, the Venus Protocol was NOT exploited. A user was attacked. The smart contract is secure," the official X account posted, amid speculation that the flaw had affected the platform. To clarify, Venus Protocol has NOT been exploited. A user has been attacked. Smart contracts are safe. https://t.co/ijgelbgVQE — Venus Protocol (@VenusProtocol) September 2, 2025 Launched in 2020, Venus Protocol has become one of the leading DeFi markets on the BNB Chain, with expansions also on Ethereum, Arbitrum, Optimism, opBNB, and zkSync. The platform allows for collateralization, borrowing, and minting of the VAI stablecoin, with governance controlled by the XVS token. The asset fell by up to 9% after the announcement but subsequently recovered slightly. Experts point out that phishing attacks remain a recurring threat in the cryptocurrency sector. A CertiK report shows that, in the first half of 2025 alone, these scams accounted for US$410 million in losses across 132 recorded incidents. Hacken estimated that phishing and social engineering schemes resulted in up to US$600 million in losses in the same period. The episode highlights the importance of safeguards against malicious approvals in DeFi protocols, where inadvertently granted permissions can be exploited by attackers to irreversibly move assets. Tags: Venus Protocol
Venus Protocol pauses after user loses funds in suspected phishing attack
A large user of Venus Protocol, a decentralized finance lender, was drained of about $13.5 million after apparently signing a malicious transaction that granted token approvals to an attacker, blockchain security firms said on Tuesday. Responding to the incident, Venus has paused its platform pending an investigation. “We are aware of the suspicious transaction and are actively investigating,” the team wrote on X. “Venus is currently paused following security protocols.” PeckShield said the victim “approved a malicious transaction,” allowing address “0x7fd…6202a” to transfer assets out of the wallet. CertiK added that the wallet had called an updateDelegate function to approve the attacker before funds were siphoned, sharing a transaction record on BNB Chain. Also, Venus Protocol moderators told users in a Telegram message that the protocol itself “remains untouched,” though engineers are double-checking to be sure. "To clarify, Venus Protocol has NOT been exploited. A user has been attacked. Smart contract is safe," the project's X account shared amid speculation that the platform itself was exploited. Launched in 2020, Venus Protocol is a decentralized lending market best known for its deployment on BNB Chain and additional rollouts on Ethereum, opBNB, Arbitrum, Optimism, and zkSync. It lets users supply collateral, borrow assets, and mint the VAI stablecoin, with governance via the XVS token. XVS fell as much as 9% amid the issue, before slightly recovering as of writing, Tradingview data shows. Venus XVS token falls after a phishing scammer exploits a user. Image: TradingView The suspected attack vector echoes a common issue in DeFi failure. Phishing scammers trick users into signing token approvals that let third parties move assets. Once granted, those allowances can be used to drain funds until permissions are revoked. According to blockchain security firm CertiK's mid-year report , phishing attacks accounted for $410 million in losses from crypto users in the first half of 2025 across 132 incidents. A separate report from Hacken , another Web3 security firm, estimates $600 million in losses specifically from phishing and social engineering schemes during the same period.
Ethereum’s Strategic Funding Shift: A Blueprint for Long-Term Resilience and Innovation
The Ethereum Foundation’s pivot to a curated grant model in 2025 marks a pivotal shift in how the blockchain ecosystem prioritizes innovation and institutional alignment. By pausing open applications under its Ecosystem Support Program (ESP) and redirecting resources to high-impact projects, the foundation is signaling a commitment to long-term resilience, technical robustness, and scalable infrastructure. This strategic reallocation—from open grants to targeted investments in layer-1 (L1) scalability, interoperability, and developer tooling—has already yielded measurable improvements in network efficiency and institutional adoption, positioning Ethereum as a cornerstone of the decentralized economy. Strategic Focus: Infrastructure, Interoperability, and Scalability The curated grant model prioritizes projects that align with Ethereum’s technical roadmap, such as zero-knowledge (ZK) cryptography, gas optimization, and consensus layer upgrades. For instance, Q1 2025 saw $32.6 million allocated to initiatives like the Pectra and Fusaka upgrades, which reduced gas fees by 53% and enabled stateless clients, respectively [1]. These advancements directly address Ethereum’s scalability challenges, making it more viable for decentralized finance (DeFi) and real-world asset (RWA) tokenization. Interoperability is another key focus. The Ethereum Interoperability Layer (EIL) and Open Intents Framework aim to streamline cross-chain interactions, reducing fragmentation and enhancing composability [4]. By fostering seamless integration with Layer-2 solutions like zkSync and StarkNet, Ethereum is reinforcing its leadership in privacy-preserving, scalable infrastructure [7]. Institutional Adoption and Fiscal Discipline The foundation’s strategic shift has also bolstered institutional confidence. Ethereum-backed treasuries now exceed $17.6 billion, driven by staking yields of 3–14% and the May 2025 Pectra upgrade, which optimized staking efficiency by increasing the maximum effective balance of validators to 2,048 ETH [3]. This has created a supply vacuum, with 30% of Ethereum’s total supply staked, tightening liquidity and supporting price appreciation. Fiscal discipline further strengthens institutional trust. The foundation plans to reduce annual treasury spending from 15% to 5% by 2029, ensuring long-term sustainability while maintaining capital efficiency [6]. This approach contrasts with competitors like Solana and Polkadot , which prioritize speed or parachain-driven architectures over foundational infrastructure [4]. Academic Research and Global Collaboration The Ethereum Foundation’s $1.5 million Academic Grants Round underscores its commitment to long-term innovation. By funding research in cryptography, consensus protocols, and formal verification, the initiative bridges theoretical advancements with practical applications [5]. In 2024, 300 applications from 25 countries highlighted the global academic community’s engagement with Ethereum, producing open-access research that will shape the ecosystem’s future [2]. Implications for Investors For investors, Ethereum’s curated model signals a transition from speculative hype to sustainable growth. The Dencun upgrade, which slashed Layer-2 costs by 90%, has already driven a 38% increase in DeFi Total Value Locked (TVL) in Q3 2025 [3]. Meanwhile, institutional-grade yield strategies—enabled by SEC-approved Ethereum ETFs—have generated annualized returns of 13% through basis trading [1]. Conclusion Ethereum’s strategic funding shift is not merely a tactical adjustment but a foundational reorientation toward resilience and innovation. By prioritizing infrastructure, interoperability, and academic collaboration, the foundation is laying the groundwork for a scalable, institutional-grade blockchain. For investors, this signals a maturing ecosystem where technical excellence and fiscal prudence converge to drive long-term value. **Source:[4] Ethereum's Strategic Funding Shift and Its Impact on Long-Term Ecosystem Resilience and Investor Confidence [https://www.bitget.com/news/detail/12560604940946]
Ethereum's Rising Dominance and the Shift in Institutional and Retail Sentiment
Ethereum’s ascent in 2025 has redefined the crypto market structure, driven by institutional adoption, regulatory clarity, and on-chain momentum. As open interest in Ethereum derivatives surges to record levels and Bitcoin dominance declines, the network’s utility and deflationary dynamics are reshaping capital allocation. This shift signals a strategic inflection point for investors, warranting a rebalancing toward Ethereum-based exposure. Derivatives Market: A Barometer of Institutional Confidence Ethereum’s derivatives market has become a cornerstone of institutional participation. By August 2025, CME Ether Futures open interest (OI) surpassed $10 billion, with 101 large OI holders—a record—indicating robust professional involvement [1]. This milestone was accompanied by 500,000 open micro Ether contracts and $1 billion in notional options OI, reflecting a maturing ecosystem [1]. The ETH/BTC open interest ratio hit all-time highs, with Ethereum capturing 40% of total crypto OI in Q2 2025 [4]. The surge is fueled by regulatory tailwinds, such as the 2025 CLARITY Act, which reclassified Ethereum as a utility token and unlocked staking yields of 3.8% APY [2]. This yield advantage over Bitcoin’s zero-yield model attracted $9.4 billion in ETF inflows for Ethereum, compared to $548 million for Bitcoin [1]. Meanwhile, Bitcoin ETFs recorded a net outflow of $803 million in August 2025, underscoring a capital shift toward Ethereum [1]. On-Chain Momentum: Deflationary Dynamics and Utility Ethereum’s on-chain metrics reinforce its institutional appeal. By August 2025, the network processed 1.74 million daily transactions, with 680,000 active addresses, reflecting a 43.83% year-over-year increase [1]. Gas fees plummeted to $3.78 from $18 in 2022, driven by Layer 2 solutions like Arbitrum and zkSync, which now handle 60% of Ethereum’s volume [1]. Staking participation reached 29.4% of the total supply (35.5 million ETH staked), generating annualized yields between 3% and 14% [3]. Institutional investors now control 7% of the supply, further solidifying Ethereum’s role as a yield-generating asset [1]. Deflationary dynamics, including EIP-1559 burns and staking lockups, created a 0.5% annual contraction in circulating supply, tightening liquidity and driving upward price pressure [3]. Ethereum’s Total Value Locked (TVL) in DeFi hit $223 billion by July 2025, with the network controlling 53% of tokenized real-world assets (RWAs) [1]. This utility-driven growth is amplified by the 97% profit-holding rate and a Network Value to Transactions (NVT) ratio of 37, signaling undervalued infrastructure and strong holder confidence [1]. Bitcoin Dominance and the Altcoin Reallocation Bitcoin dominance, a key indicator of market sentiment, fell to 56.54% in late August 2025—the lowest since February 2025 [2]. This decline reflects a strategic reallocation of capital from Bitcoin to Ethereum and altcoins, driven by institutional adoption and innovations in DeFi and NFTs. Ethereum’s market share rose from 9.2% to 14.4% between July and August 2025, while Bitcoin’s dominance fell from 64.5% to 57.5% [5]. The altcoin market’s resilience, reaching $1.6 trillion by September 2025, highlights Ethereum’s role as a catalyst for broader crypto adoption [6]. Institutional treasuries, such as Tom Lee’s BitMine, accumulated 1.7 million ETH ($7.88 billion), further reducing supply and enhancing scarcity [5]. Meanwhile, Bitcoin’s resurgence to 64% dominance by Q3 2025 underscores its foundational role, but Ethereum’s yield and utility advantages position it as a compounding asset in a diversified portfolio [2]. Strategic Rebalancing Toward Ethereum The confluence of derivatives-driven institutional adoption, on-chain deflationary mechanics, and declining Bitcoin dominance presents a compelling case for rebalancing toward Ethereum. With ETF inflows, staking yields, and DeFi utility reinforcing its value proposition, Ethereum is positioned to outperform Bitcoin in the near term. Investors should consider increasing exposure to Ethereum-based assets, including spot ETFs, staking protocols, and DeFi platforms, to capitalize on this structural shift. Source: [1] Ether Futures Open Interest on CME Hits Record $10B [2] The Surge in CME Ether Futures Open Interest and Its Implications [3] State of Ethereum Q2 2025 [4] Ethereum's Path to $5000: Whale Activity and Derivative Dynamics [5] Institutional interest drives Ethereum growth as CME [6] Altcoin Season 2025: Is Now the Time to Reallocate Capital
Ethereum's Volatility Amid FOMC Uncertainty: A Strategic Buying Opportunity?
Ethereum’s price volatility in 2025 has been inextricably tied to Federal Reserve policy signals, creating a tug-of-war between macroeconomic uncertainty and on-chain resilience. The August FOMC meeting minutes, which emphasized inflation risks and the potential impact of Trump-era tariffs, initially triggered a sell-off, sending ETH into bearish territory [1]. However, the subsequent dovish pivot by Fed Chair Jerome Powell at Jackson Hole—hinting at rate cuts “depending on economic conditions”—sparked a 12% rebound, pushing Ethereum to a new all-time high of $4,885 [5]. This seesaw reflects the crypto market’s sensitivity to central bank messaging, but a deeper look at Ethereum’s fundamentals reveals a story of structural strength. Macro-Driven Sentiment: The FOMC’s Dual Narrative The Federal Reserve’s July 2025 meeting minutes exposed internal divisions, with a majority of officials prioritizing inflation risks over employment concerns [1]. This hawkish stance initially pressured Ethereum, as investors braced for higher-for-longer rates and reduced liquidity for speculative assets [4]. Yet Powell’s Jackson Hole speech recalibrated expectations, with his conditional support for rate cuts driving a risk-on rally. By late August, the probability of a September rate cut had climbed to 87%, creating a tailwind for Ethereum as a high-yield, high-volatility asset [3]. The Fed’s balancing act—between inflation persistence and economic slowdown risks—has created a volatile backdrop. However, Ethereum’s price action suggests that market participants are increasingly viewing rate cuts as a near-certainty, with ETF inflows and staking demand acting as amplifiers of bullish sentiment. For instance, Ethereum spot ETFs (ETHA/FETH) attracted $27.6 billion in inflows by August 2025, outpacing Bitcoin’s $548 million [2]. This institutional shift underscores Ethereum’s role as a proxy for macroeconomic optimism. On-Chain Resilience: A Foundation for Long-Term Growth While FOMC-driven volatility dominates headlines, Ethereum’s on-chain metrics tell a story of resilience. Daily transaction volumes surged 43.83% year-over-year, averaging 1.74 million transactions per day, driven by Layer 2 solutions like Arbitrum and zkSync, which now handle 60% of the network’s volume [1]. Gas fees, once a barrier to adoption, have plummeted from $18 in 2022 to $3.78, thanks to the Dencun and Pectra upgrades [4]. These improvements have transformed Ethereum into a utility-driven infrastructure layer, attracting both retail and institutional capital. Validator behavior further reinforces this narrative. The Pectra Upgrade in May 2025 optimized staking efficiency, with 35.5 million ETH (29.4% of the supply) staked, generating annualized yields of 3–14% [1]. This has created a flywheel effect: rising staking demand drives yield generation, which in turn attracts more capital. Notably, 1.2 million ETH (~$6 billion) was moved out of exchanges and into staking protocols during August’s 12% price correction, signaling long-term strategic positioning [2]. Whale activity also highlights Ethereum’s institutional appeal. In Q2 2025, 14.3 million ETH was accumulated, with corporate treasuries like BitMine Immersion Technologies staking 1.5 million ETH ($6.6 billion) as a yield-generating reserve asset [1]. Meanwhile, 97% of ETH holders remained in profit, and sustained exchange outflows—reaching 1.875 million daily transactions—indicated strong usage fundamentals [2]. Strategic Buying Opportunity? Weighing the Risks and Rewards Ethereum’s volatility amid FOMC uncertainty presents a paradox: while macroeconomic headwinds could delay rate cuts, the network’s on-chain resilience suggests a strong foundation for long-term growth. Critics point to bearish indicators like a 15% MVRV ratio and 15% leveraged volume, historically correlating with 10–25% price corrections [2]. However, these metrics must be contextualized against Ethereum’s structural advantages. For instance, the SEC’s 2025 reclassification of Ethereum as a utility token unlocked $43.7 billion in staked assets via protocols like Lido and EigenLayer [1]. This regulatory clarity has accelerated institutional adoption, with Ethereum ETFs now holding 4.1 million ETH in assets under management [1]. Additionally, the network’s dominance in DeFi (62% of TVL) and smart contract innovation positions it as a critical infrastructure layer for both digital and traditional capital markets [4]. Conclusion: Navigating the Volatility Ethereum’s price swings in 2025 reflect the broader tension between macroeconomic uncertainty and on-chain strength. While FOMC policy signals will continue to drive short-term volatility, the network’s fundamentals—driven by institutional adoption, technological upgrades, and yield generation—suggest a compelling long-term case. For investors, the key lies in balancing macro-driven caution with a recognition of Ethereum’s evolving role as a utility asset. Source: [1] Coindesk, Hawkish FOMC Minutes Knocks Legs Out of Crypto Bounce [2] AInvest, Ethereum's Onchain Activity as a Leading Indicator of Institutional Adoption [3] CNBC, Ether Notches First New Record Since 2021 After Powell [4] AInvest, Ethereum's Institutional Edge: Defying the Crypto Selloff in Q3 2025
Ethereum Foundation's Strategic Grant Pause and Its Implications for Ecosystem Innovation and Investor Confidence
The Ethereum Foundation’s recent decision to pause open grant applications under its Ecosystem Support Program (ESP) marks a pivotal shift in its funding strategy. This move, announced on August 29, 2025, aims to transition from a reactive to a proactive model, prioritizing infrastructure, interoperability, and developer tooling to address Ethereum’s long-term scalability needs [1]. While the pause has sparked debate among developers and investors, it reflects a broader effort to align funding with strategic priorities, reduce operational strain, and ensure sustainable growth. For investors, this recalibration raises critical questions about its impact on ecosystem innovation and the resilience of Ethereum’s blockchain infrastructure. Strategic Realignment: From Volume to Value The ESP’s temporary halt follows a surge in grant applications that overwhelmed the foundation’s capacity to evaluate projects effectively [2]. In 2024, the program allocated nearly $3 million across 105 projects, including developer tools like Commit-Boost and research initiatives such as the ZK Playbook [3]. However, the high volume of submissions limited the foundation’s ability to focus on emerging priorities, such as layer-2 protocol integration and zero-knowledge (ZK) proof advancements [4]. By pausing open applications, the foundation seeks to streamline its processes and reallocate resources toward high-impact projects that directly enhance Ethereum’s technical foundation [5]. This strategic pivot mirrors broader trends in blockchain infrastructure, where scalability and interoperability are increasingly critical. For instance, successful grant-funded projects like The Graph (a decentralized data indexing protocol) and Chainlink (a decentralized oracle network) have demonstrated how infrastructure innovations can create long-term value by enabling seamless data flow and smart contract execution [6]. By prioritizing such projects, the Ethereum Foundation aims to strengthen its competitive edge against blockchains like Solana and Avalanche , which have aggressively invested in developer tooling and cross-chain solutions [7]. Investor Confidence: Balancing Short-Term Uncertainty with Long-Term Vision The grant pause has elicited mixed reactions from the investment community. Critics argue that the suspension could slow developer activity and delay breakthroughs in areas like ZK-based scaling. However, proponents view it as a necessary step to ensure funding aligns with Ethereum’s evolving roadmap. The foundation’s commitment to reducing its annual spending from 15% to a sustainable 5% of its treasury further underscores its focus on fiscal responsibility [8]. This financial discipline could bolster investor confidence by demonstrating a commitment to long-term sustainability rather than short-term growth at the expense of operational efficiency. Historical data also highlights the potential for value creation through strategic funding. In Q1 2025 alone, the foundation distributed $32.6 million in grants, a 63% increase from Q4 2024 [9]. This surge in funding supported projects like Uniswap (a decentralized exchange) and Aave (a lending platform), which have become cornerstones of Ethereum’s DeFi ecosystem. By refining its grant criteria to emphasize infrastructure and interoperability, the foundation may catalyze innovations that yield compounding returns for investors over time. Ecosystem Innovation: Lessons from Past Successes The Ethereum ecosystem’s history is replete with examples of grant-funded projects that have delivered transformative value. MolochDAO, a decentralized autonomous organization (DAO) focused on funding infrastructure, exemplifies how community-driven governance can sustain long-term development [10]. Similarly, Gitcoin’s quadratic funding model has incentivized open-source contributions, fostering a culture of collaboration that aligns with Ethereum’s ethos of decentralization [11]. These successes suggest that strategic, targeted funding can yield disproportionate returns by addressing systemic bottlenecks in blockchain adoption. The foundation’s new focus on infrastructure and tooling also aligns with emerging trends in Web3. For instance, the rise of ZK-based solutions like zkSync and StarkNet has shown that scalable, privacy-preserving protocols can attract both developer talent and institutional capital. By prioritizing such projects, the Ethereum Foundation may position itself as a leader in the next phase of blockchain innovation, where interoperability and user experience are paramount [12]. Conclusion: Resilience Through Strategic Patience The Ethereum Foundation’s grant pause is not a retreat but a recalibration. By shifting toward a proactive funding model, the foundation acknowledges the need to balance immediate demands with long-term strategic goals. For investors, this transition underscores the importance of patience and alignment with Ethereum’s vision of a scalable, interoperable, and decentralized future. While short-term disruptions are inevitable, the focus on infrastructure and tooling positions the ecosystem to weather market volatility and capitalize on emerging opportunities. As the revised funding framework is unveiled in Q4 2025, stakeholders will have a clearer view of how this strategic pivot will shape Ethereum’s trajectory—and, by extension, the broader blockchain landscape. Source: [1] Ethereum Foundation Pauses Open Grants to Refocus on Strategic Funding [2] Ethereum Foundation pauses grants to align with strategic priorities [3] Ethereum Foundation Pauses Grants Program to Refocus Ecosystem Strategy [4] Ethereum Foundation Suspends Grants to Reassess Funding Strategy [5] Ethereum Foundation boosts ecosystem with $32M in grants in Q1 2025 [6] Academic Grants Round | Ethereum Foundation ESP [7] Ethereum Foundation pauses open grants as it overhauls program [8] Ethereum Foundation pauses $3 million 'open grants program' [9] Ethereum Foundation boosts ecosystem with $32M in grants in Q1 2025 [10] Can you provide examples of successful Ethereum-based projects [11] What are some real-world examples of successful web3 projects [12] Ethereum Foundation Pauses Grants Program to Refocus Ecosystem Strategy
The EU's Ethereum-Based Digital Euro: A Strategic Catalyst for Blockchain Infrastructure and DeFi Growth
The European Union's decision to explore Ethereum as the foundational layer for its digital euro marks a seismic shift in global finance. By embracing public blockchain technology, the EU is not only challenging the dominance of U.S.-backed stablecoins but also validating Ethereum's role as a scalable, compliant, and programmable infrastructure for sovereign digital currencies. This move accelerates blockchain adoption at an institutional level, positioning Ethereum-based protocols and DeFi platforms as prime beneficiaries of a rapidly evolving financial ecosystem. Ethereum's Strategic Edge in the Digital Euro Race The European Central Bank (ECB) has identified Ethereum as a critical infrastructure candidate due to its robust smart contract capabilities, energy-efficient post-Merge consensus model, and alignment with the EU's Markets in Crypto-Assets (MiCA) regulatory framework. Unlike private blockchains, Ethereum's public nature ensures interoperability with global DeFi systems, enabling the digital euro to function as a programmable asset. This programmability allows for automated cross-border settlements, conditional payments, and tokenized securities—features that align with the ECB's vision for a versatile CBDC. Ethereum's Layer-2 scaling solutions, such as ZK-Rollups (e.g., StarkWare, zkSync), are particularly compelling. These protocols address scalability and privacy concerns while adhering to GDPR requirements. For instance, ZK-Rollups can process thousands of transactions per second with minimal energy consumption, making them ideal for retail-level transactions. Meanwhile, privacy-preserving tools like Aztec Protocol are being evaluated to reconcile public blockchain transparency with EU data protection laws. Infrastructure and Liquidity Layers: The Hidden Winners The digital euro's integration with Ethereum will directly benefit infrastructure and liquidity providers. Key players include: Node Infrastructure Providers: Infura and Alchemy, which provide Ethereum node services, are expected to see surging demand as the digital euro project scales. These platforms enable smart contract execution and data verification, critical for CBDC operations. Layer-2 Scaling Solutions: StarkWare and zkSync are leading the charge in ZK-Rollup adoption. Their ability to handle high-volume, privacy-preserving transactions aligns with the ECB's need for scalable infrastructure. DeFi Liquidity Platforms: Decentralized exchanges (DEXs) like Uniswap and Curve are already processing $24.5 billion in monthly trading volume. The digital euro's integration could further boost liquidity, enabling institutional-grade tokenized asset trading. Cross-Chain Bridges: Protocols like Wormhole and Chainlink CCIP are being optimized to facilitate seamless asset transfers between Ethereum and Solana , ensuring the digital euro operates across multiple chains. Institutional Validation and Geopolitical Implications The EU's adoption of Ethereum underscores a broader geopolitical strategy to assert financial sovereignty. By leveraging public blockchains, the EU aims to reduce reliance on U.S. payment systems and counter the influence of China's digital yuan. This institutional validation strengthens Ethereum's position as a global financial layer, attracting capital from both venture and traditional finance. For example, the European Investment Bank's 2021 issuance of a €100 million digital bond on Ethereum demonstrated the platform's institutional readiness. Similarly, BlackRock and JPMorgan's participation in Ethereum-based DeFi pilots highlights growing trust in the network's security and compliance. Investment Case: Timing the Digital Euro Catalyst With the ECB expected to finalize its decision by October 2025, now is the optimal time to invest in Ethereum-based infrastructure and liquidity layers. Key opportunities include: ZK-Rollup Protocols: StarkWare and zkSync are likely to see increased demand for scalability solutions. Privacy Tools: Aztec Protocol's zero-knowledge proofs could become essential for GDPR-compliant transactions. Staking Infrastructure: Liquid staking derivatives (LSDs) like Rocket Pool and REX-Osprey offer yield generation opportunities for digital euro reserves. Cross-Chain Bridges: Wormhole and Chainlink CCIP are critical for multi-chain interoperability. Investors should also monitor Ethereum's price action, as the digital euro's adoption could drive institutional capital into the network. **** Conclusion: A New Era for Blockchain Finance The EU's Ethereum-based digital euro is more than a technological experiment—it's a strategic move to redefine global finance. By validating public blockchains as a sovereign infrastructure, the EU is accelerating blockchain adoption and institutional trust in Ethereum. For investors, this represents a unique opportunity to capitalize on the next phase of digital finance, where programmable money and DeFi redefine liquidity, privacy, and cross-border transactions. The window to act is closing. As the ECB moves toward a final decision in late 2025, Ethereum-based protocols and DeFi platforms stand to gain unprecedented traction. Positioning now in infrastructure and liquidity layers could yield outsized returns as the digital euro transitions from concept to reality.
The EU's Strategic Shift to Public Blockchains for a Digital Euro: A Geopolitical and Financial Power Play
The European Union's pivot toward public blockchains like Ethereum and Solana for its digital euro initiative marks a seismic shift in global monetary power. This move is not merely a technical upgrade but a calculated geopolitical maneuver to counter U.S. dollar-backed stablecoins and China's digital yuan, while asserting the euro's relevance in a tokenized future. For investors, this represents a long-term opportunity to capitalize on the convergence of blockchain infrastructure, decentralized finance (DeFi), and institutional-grade digital asset ecosystems. Geopolitical Context: Countering Dollar Dominance and Digital Yuan Ambitions The U.S. GENIUS Act, which regulates the $288 billion stablecoin sector, has intensified European concerns about the dollar's grip on cross-border payments. ECB Executive Board member Piero Cipollone has warned that widespread adoption of dollar-pegged tokens like USDT and USDC could erode the euro's role in global finance, siphoning deposits and customer data from European banks. Meanwhile, China's digital yuan project, with its state-controlled infrastructure, poses a parallel threat to the EU's financial autonomy. By adopting public blockchains, the EU aims to create a programmable, interoperable digital euro that can compete with these systems. Ethereum's smart contract capabilities and Solana's high-throughput, low-cost transactions offer a blueprint for a digital euro that integrates with DeFi platforms, tokenized assets, and global wallets. This shift is not just about efficiency—it's about reclaiming strategic control over digital financial infrastructure. Technical and Strategic Shift: Public Blockchains as Institutional-Grade Infrastructure The ECB's exploration of public blockchains reflects a recognition of their inherent advantages: open access, global interoperability, and integration with decentralized ecosystems. Ethereum's mature developer community and Solana's performance metrics position them as ideal candidates for a digital euro that can scale to consumer-level transactions while maintaining programmability. However, challenges remain. Public blockchains' transparency clashes with GDPR requirements for data erasure and anonymity. Technical hurdles, such as Ethereum's scalability issues and Solana's past reliability problems, must be addressed. Yet, the ECB's hybrid approach—combining public blockchain features with state-controlled governance—signals a pragmatic path forward. This model could redefine central bank digital currencies (CBDCs) as sovereign yet decentralized assets, bridging the gap between institutional finance and the crypto economy. Investment Opportunities: Blockchain Infrastructure and DeFi Interoperability The EU's digital euro project is catalyzing demand for three key areas of blockchain infrastructure: Layer-2 Scaling and Privacy Protocols Ethereum's Layer-2 solutions, such as ZK-Rollups (e.g., StarkWare, zkSync), are critical for enabling high-volume, privacy-preserving transactions. These technologies align with the ECB's need for GDPR-compliant anonymity while maintaining scalability. Investors should monitor companies developing zero-knowledge proofs (ZKPs) and privacy-focused protocols, as they are likely to benefit from the digital euro's adoption. Staking and Yield Infrastructure As the digital euro evolves into a programmable asset, liquid staking derivatives (LSDs) and yield infrastructure will gain traction. Solana's high-throughput network and Ethereum's DeFi maturity are attracting institutional capital through protocols like Rocket Pool and Lido. Cross-chain staking solutions that enable capital deployment across both ecosystems could become a cornerstone of the digital euro's financial architecture. Cross-Chain Interoperability and Institutional Infrastructure The digital euro's success hinges on its ability to interoperate with global systems. Cross-chain bridges (e.g., Wormhole, Chainlink CCIP) and institutional-grade cybersecurity platforms (e.g., Fireblocks, Chainalysis) will be essential for ensuring seamless asset transfers and regulatory compliance. These technologies are poised to become critical infrastructure for the EU's digital financial ecosystem. Risks and Challenges While the EU's strategy is compelling, risks persist. Privacy concerns under GDPR could delay implementation, and public blockchain governance models may complicate regulatory oversight. Additionally, technical limitations of Ethereum and Solana—such as scalability bottlenecks—require further innovation. Investors should also consider geopolitical variables, including U.S. policies that may restrict public CBDCs or impose trade barriers on European blockchain projects. Conclusion: A Strategic Reimagining of Money The EU's digital euro initiative is more than a financial project—it's a reimagining of money in the digital age. By leveraging public blockchains, the EU is positioning itself as a leader in digital finance innovation, countering U.S. and Chinese dominance while fostering a new era of interoperable, programmable money. For investors, this represents a unique opportunity to align with the infrastructure underpinning Europe's financial sovereignty. As the ECB prepares to finalize its decision by the end of 2025, the next 12 months will be pivotal. Those who invest in blockchain infrastructure, DeFi interoperability, and institutional-grade solutions today may reap substantial rewards as the digital euro transitions from concept to reality. The future of money is decentralized—and Europe is betting on it.
Is Aave on the Verge of Cracking Under Its Own DeFi Power?
Aave (AAVE), a leading non-custodial liquidity protocol, has established itself as a major player in the decentralized finance (DeFi) ecosystem, controlling approximately half of the DeFi lending market share. However, as the crypto market remains euphoric amid the broader bull run in 2025, several concerns within Aave emerge that could have severe consequences for the overall market. The Risks Behind Aave’s DeFi Dominance and Market Control According to data from DefiLama, Aave’s Total Value Locked (TVL) stands at $36.73 billion. This accounts for nearly 50% of the total $75.98 billion TVL. Furthermore, the protocol’s TVL reached an all-time high of $40 billion last week. This dominant position makes Aave the ‘backbone’ of decentralized credit systems, enabling users to borrow and lend assets without intermediaries. Nonetheless, this central role also means that if Aave faces issues, it could trigger a ripple effect throughout the entire market. But what could go wrong? One critical concern is the concentration of influence within the protocol’s governance. Previously, Sandeep Nailwal, Founder and CEO of Polygon Foundation, expressed concerns about the governance structure within Aave. He highlighted that the protocol is governed by one individual (Stani Kulechov, the founder). Nailwal noted that Kulechov has significant control over proposals and voting, effectively running the platform based on personal preferences. “He also threatens the remaining voters to vote as per his proposals (whom i spoke personally after after Polygon proposal). This is when he already has a HUGE delegated voting power,” he wrote. The user base composition further amplifies Aave’s vulnerabilities. Data from Kaiko Research indicated a shift in 2025, with large users holding collateral exceeding $100,000, rising from 29% in 2023 to 37%. Meanwhile, small users with deposits under $1,000 declined from 15% to 12% over the past two years. “Users with over $100k in collateral grew from 29% in 2023 to 37% in early 2025, with the $100k–$1m collateral group rising to 26% and the $1m+ group to 11%, each up about four points. Over time, growth in large depositors has mostly come at the expense of smaller ones with $1k–$10k deposits,” Kaiko noted. Aave User Concentration. Source: Kaiko Research This concentration of power among high-net-worth participants heightens the potential for liquidity shocks and protocol instability. Should these users withdraw en masse or face liquidation events, the impact could reverberate across interconnected DeFi platforms. Lastly, overexpansion also poses a significant risk. Aave’s deployment across 16 chains has strained operational resources. Defi Ignas, a prominent analyst, stressed on X that some of these expansions operate at a loss, increasing financial and technical risks. “We reached an L2 saturation point: Aave deployed on 16 chains, but the new deployments are operating at a loss (Soneium, Celo, Linea, zkSync, Scroll),” the post read. The implications of these risks extend beyond Aave itself. As one of DeFi’s most dominant players, any disruption, whether stemming from governance failures, user concentration, or over-expansion, could erode trust in decentralized lending and destabilize the broader ecosystem. Thus, addressing these challenges will be critical for Aave.
Ethereum’s 2025 Cycle Reflects 2017 Patterns Amid Institutional Support and Growing DeFi Activity
Ethereum’s current cycle mirrors its 2017 performance, showcasing a bear trap and breakout setup, supported by institutional inflows and a robust DeFi ecosystem. Ethereum’s 2025 cycle reflects 2017 with key accumulation and breakout patterns. Institutional inflows via ETFs are driving ETH price targets between $7,500 and $8,500. Ethereum’s ecosystem boasts a total value locked (TVL) of $92.5 billion and over 484,000 active addresses. Ethereum’s 2025 cycle mirrors its 2017 performance, showcasing a bear trap and breakout setup. Discover how institutional inflows and DeFi growth support this trend. What is Ethereum’s Current Market Cycle? Ethereum’s current market cycle is characterized by structural similarities to its 2017 cycle, including accumulation, resistance tests, and a bear trap. The Ethereum price is currently around $4,545, maintaining upward momentum. How Does Institutional Participation Impact Ethereum? Institutional participation is a key differentiator in 2025. According to Standard Chartered, record inflows from ETFs and regulated products have reduced selling pressure, fostering long-term accumulation. Analysts suggest that if market conditions align, ETH could reach targets between $7,500 and $8,500. Frequently Asked Questions What is the total value locked in Ethereum’s DeFi ecosystem? The total value locked in Ethereum’s DeFi ecosystem is approximately $92.5 billion, indicating a strong recovery towards previous highs. How many active addresses does Ethereum have? Ethereum has recorded over 484,000 active addresses in a single day, showcasing robust network participation. Key Takeaways Market Structure: Ethereum’s 2025 cycle mirrors 2017, with similar accumulation and breakout patterns. Institutional Support: ETFs and regulated products are driving significant institutional inflows. DeFi Growth: The Ethereum ecosystem is expanding, with a TVL of $92.5 billion and strong Layer 2 adoption. Conclusion In summary, Ethereum’s current cycle reflects its 2017 performance, bolstered by institutional participation and a thriving DeFi ecosystem. As the market evolves, ETH’s potential targets between $7,500 and $8,500 remain plausible, encouraging investors to stay informed about future developments. Ethereum mirrors its 2017 cycle with a bear trap and breakout setup as ETFs, $92.5B DeFi TVL, and 484K users support growth. Ethereum’s 2025 cycle mirrors 2017 with accumulation, bear trap, and breakout setup. Institutional inflows through ETFs support ETH targets between $7,500 and $8,500. Ethereum ecosystem shows $92.5B TVL, 484K active addresses, and strong Layer 2 growth. Ethereum has shown strong structural similarities between its 2017 cycle and the current 2025 cycle. Both charts record accumulation, resistance tests, a bear trap, and recovery toward breakout. Analysts note that institutional participation and new financial products have added depth to this cycle. Ethereum is currently trading around $4,545, maintaining momentum near recent highs. Ethereum 2017 vs 2025: Market Structures and Breakout Patterns According to an analysis prepared by Merlijn The Trader, Ethereum’s 2016–2017 chart displayed repeated resistance around $17 before forming a bear trap. The market then surged above $300, producing one of the strongest rallies in its history with gains exceeding 5,000%. $ETH 2017 vs 2025… Same accumulation. Same fakeout. Same breakout loading. Back then: +5,000% This time: institutions, ETFs & trillions in liquidity behind the move. The bear trap is set. The ignition is real. pic.twitter.com/b1Ju7MxD24 — Merlijn The Trader (@MerlijnTrader) August 16, 2025 The current 2024–2025 cycle shows nearly identical price action. Ethereum consolidated near $3,500 before forming a bear trap earlier in 2025. The rebound carried prices toward $4,300 and recently to $4,545, while maintaining the ascending market structure. Analysts point to similar accumulation and breakout phases, suggesting ETH could follow a comparable trajectory to 2017. Institutional participation sets 2025 apart. According to Standard Chartered, ETFs and regulated products have drawn record inflows, limiting selling pressure and boosting long-term accumulation. Analysts project targets between $7,500 and $8,500 if broader market conditions align with rising Bitcoin valuations. Ethereum Ecosystem Growth and Network Metrics Ethereum’s decentralized finance activity continues to expand. DefiLlama data shows total value locked at $92.549 billion, recovering toward 2021 highs above $110 billion. Stablecoin capitalization connected to Ethereum stands at $142.832 billion, while daily chain fees reached $682,280 and chain revenue totaled $1.28 million. Source: DefiLlama Layer 2 networks including Arbitrum, Optimism, and zkSync have grown steadily, easing mainnet congestion and lowering costs for users. Analysts noted that adoption of these solutions supported scaling and encouraged broader application growth. Developer activity remained strong, with projects focused on tokenized assets and advanced DeFi applications. NFT markets, decentralized exchanges, and staking protocols continue to support network participation. Ethereum recorded over 484,000 active addresses in one day, with decentralized exchange volume at $3.712 billion. According to TradingView data, Ethereum trades above $4,500 with resistance targets set near $4,780 and $4,950. In Case You Missed It: Ethereum Faces Unprecedented Exit Queue with 800,000 ETH Awaiting Withdrawal Amid Market Volatility Concerns
Immunefi to tackle $3.1b in crypto hacks with tool to block threats in seconds
Crypto hacks have reached $3.1 billion in 2025, prompting Immunefi to launch a tool for real-time threat prevention. Summary Immunefi launches Magnus to protect $180B in user assets. The platform will leverage AI to scan threats. Magnus also tackles human error, like social engineering. Crypto remains a prime target for hackers, creating a need for advanced threat mitigation tools. On Thursday, July 31, blockchain security firm Immunefi launched the Magnus platform, designed to prevent threats in real time. The platform will protect over $180 billion in user funds across protocols such as Arbitrum, zkSync, and Curve Finance. Crypto hacks have already reached $3.1 billion 2025, according to a report by Hacken, underscoring the urgent need for security solutions. Magnus will leverage Codexa, an AI-based security tool that scans and prevents threats in real time. Codexa functions as a comprehensive dataset of blockchain vulnerabilities, enabling real-time scanning and instant threat alerts for projects. “When every second counts during an active exploit, having all your security intelligence in one place is the difference between a close call and a catastrophe,” said Mitchell Amador, CEO and Founder of Immunefi. “Unlike platforms that lock you into proprietary tools, Magnus lets you leverage best-in-class monitoring providers while maintaining unified operations.” Immunify’s Magnus AI tackles the human element in security Magnus does more than scan blockchain code for vulnerabilities. It also addresses human error, including social engineering and compromised keys, which are increasingly common attack vectors. For this reason, the platform will integrate Fuzzland and FailSafe to bring smart contract monitoring and threat alerts into one unified interface. “Security fragmentation has been the Achilles’ heel ” of protocols trying to scale to institutional standards,” said Aneirin, cofounder of FailSafe. “With Magnus, we unify cross-chain monitoring, threat detection, and policy enforcement into a single command center, giving security teams real-time visibility and compliance-grade coverage that used to require a patchwork of tools.”
Caldera Launches $ERA Token to Power Cross-Chain Internet of Chains
The Caldera Foundation has unveiled its native token, $ERA, marking a major step in its effort to unify blockchain ecosystems through its modular architecture. Built on a dual-layered system, Caldera combines a Rollup Engine used to launch high-performance custom chains on leading frameworks like Arbitrum, Optimism, Base, and zkSync, with a Metalayer protocol that connects these chains into a single, interoperable network. This infrastructure is designed to solve fragmentation by enabling shared liquidity and intent-based cross-chain bridging. The Caldera Foundation ( @CalderaFDN ) has opened up airdrop pre-claims. Confirm your allocation on the pre-claims site — Caldera (@Calderaxyz) July 10, 2025 The $ERA token will serve as the economic engine of the Caldera ecosystem. It will be used for omnichain gas fees, supporting transactions and data movement across chains within the Metalayer. Additionally, $ERA will underpin staking and network security, allowing validators to verify cross-chain messages and secure future subnets, such as those supporting ZK proof generation. Governance is another core function of the token. Holders will have the ability to propose and vote on Caldera Improvement Proposals (CIPs), including protocol upgrades, grant allocations to ecosystem developers, and elections to specialized sub-councils such as the security council. Initial council members will be appointed by the Caldera Foundation, with future leadership to be shaped by the community through on-chain voting. To ensure long-term alignment, tokens allocated to early investors and the core team will follow a vesting schedule that includes a one-year cliff and a 24-month linear release period. Full allocation details are available in the foundation’s documentation.
Polygon’s Future Takes Shape With Heimdall v2 Release
Polygon is about to reach a decisive milestone with Heimdall v2, a hard fork that Sandeep Nailwal describes as “the most complex since 2020.” On July 10, the PoS network is thoroughly modernizing its infrastructure while consolidating its governance, now in the hands of its co-founder. This is a strategic operation as the battle intensifies on the front of layer-two blockchains. In Brief Polygon is preparing the deployment of Heimdall v2, its most complex hard fork since the launch of the PoS network in 2020. This update aims to modernize the technical infrastructure by replacing obsolete components from 2018 and 2019. The deployment will take place on Thursday, July 10, with an estimated three-hour instability window during the upgrade. Heimdall v2 thus becomes the symbol of a dual shift: technical and strategic, in a Web3 undergoing major restructuring. A Major Technical Overhaul in the Crypto Ecosystem After the departure of Mihailo Bjelic, one of its founding pillars , Polygon will today deploy the Heimdall v2 update, a hard fork of the PoS network designed to strengthen the stability, speed, and security of the protocol. The operation is of a rare scale, as emphasized Sandeep Nailwal, CEO of Polygon Foundation, in a message on the social network X: this is the most technically complex hard fork Polygon PoS has experienced since its launch in 2020. This update introduces a new consensus engine and replaces obsolete components dating back to 2018 and 2019. The goal is to provide a better user experience and stronger foundations for future network developments. Technically, several key points stand out : The reduction of finality time to approximately five seconds, compared to a longer delay until now, making the network more responsive ; The reduction of the risk of chain reorganizations beyond two blocks, thus enhancing blockchain stability ; Increased security of cross-chain bridges, a critical point following numerous exploits in the ecosystem over the past months ; The planned deployment within 30 minutes on the mainnet, with scripts and runbooks already available for validators ; A temporary risk of three-hour latency in block finalization during the transition, requiring caution and preparation ; A clear call to node operators to rapidly test their configurations and anticipate potential issues: “most validators have already performed the update, but if not yet done, test quickly, spread the word, and contact us in case of problems,” Nailwal urged. Recentralized Governance for Accelerated Execution Less visible but equally significant, the Heimdall v2 update comes amid a profound reorganization of governance at Polygon Foundation. On June 11, Sandeep Nailwal officially took the helm of the foundation as CEO, marking the end of the previous approach based on decentralized governance. This structural evolution aims, according to Nailwal, to enable Polygon to evolve with more responsiveness: “it’s time to act with more conviction, focus, and speed,” he declared. Furthermore, he emphasized the need for centralized executive management in the face of rising competition in the scalability solutions market for Ethereum. This governance model transition is not trivial. It reflects a clear willingness by Polygon to regain control over its innovation schedule in the crypto industry. As pressure mounts with crypto players like Arbitrum, Optimism, and zkSync, Nailwal’s bet is to refocus efforts on a clear vision, executed with discipline. Heimdall v2 is thus not just a technical evolution: it is the first visible milestone of a new era led with authority. In this context, improving network performance is as much a technological challenge as it is a strategic tool to establish the legitimacy of this renewed governance in the crypto universe. In the longer term, this dynamic raises questions about the balance between efficiency and decentralization, a core value of the Web3 ecosystem. While centralized leadership can speed up decision-making, it also implies increased community vigilance regarding the chosen direction. Heimdall v2 could therefore be seen as a real-world test: that of a tighter governance serving performance, in a crypto sector where speed of execution becomes a decisive competitive weapon.
Aptos RWA TVL Soars 55% to Surpass Stellar, Now 3rd Behind Ethereum & zkSync
Institutional adoption for Aptos RWA is accelerating, with on-chain holdings including $420M in private credit, $86.93M in U.S. Treasuries, and $30.72M in alternative funds. Aptos is scheduled to unlock 11.31 million APT tokens (~$49.5M) on July 12, which may impact near-term price action. The Aptos Network is becoming a go-to preferred choice for real-world asset (RWA) tokenization, as the latest data shows that the total value locked (TVL) in RWAs, surged by a massive 56.28% in the last 30 days to $538 million. This highlights strong adoption while placing Aptos as the third-largest RWA network by TVL, trailing only behind Ethereum and zkSync Era. Source: RWA.xyz According to the latest on-chain data, Aptos now holds approximately $420 million in private credit, $86.93 million in U.S. Treasuries, and $30.72 million in institutional alternative funds, as per data from RWA.xyz . This is a clear sign of rising institutional adoption and capital inflows in the Aptos ecosystem. Furthermore, the RWA momentum is catching pace with Aptos’ expansion into credit markets, real estate exposure, and money market fund tokenization. On the other hand, platform innovations like Shelby and new omnichannel tools have further bolstered institutional engagement. Key Achievement By Aptos Blockchain Apart from its growing adoption in the RWA market, Aptos has achieved key milestones recently. Last week, Aptos CEO Avery Ching secured a seat at the Commodity Futures Trading Commission’s Digital Asset Markets Subcommittee, as mentioned in our previous report. The blockchain platform noted that its representative, Ching, will join the policy conversation to provide a builder’s perspective in a regulatory space still largely shaped by legal and financial stakeholders. His appointment reflects the Commodity Futures Trading Commission’s (CFTC) increasing interest in involving technologists with hands-on blockchain expertise. On the other hand, Aptos Labs has teamed up with Yellow Card to launch a gas-free stablecoin transfer service across Africa, allowing users to send USDT and USDC without paying any network fees. Now live in over 20 countries, the service offers near-instant transactions, removing both cost and speed barriers for users, as reported by CNF. The initiative goes beyond technical innovation, aiming to improve financial access for communities traditionally underserved by legacy banking systems. Powered by Aptos’ “gas-sponsored onboarding” feature, all transaction fees are fully covered by the platform, ensuring a seamless and inclusive user experience. APT Token Unlocks And Price Action Aptos is set to unlock 11.31 million APT tokens, worth approximately $49.5 million, on July 12, 2025, representing 0.98% of the currently locked supply. The scheduled release could influence short-term market dynamics, with traders closely watching how the token’s price responds. APT, the native crypto of Aptos, has been moving sideways on the daily, monthly, and weekly charts, while trying to take the support at $4.3. Market analysts note that as long as current support levels hold, the next potential target lies at $5.30 and beyond. Source: TradingView
Ethereum: Why Populus Insists It’s the Premier Platform for KRW Stablecoins
In the rapidly evolving world of digital finance, the stability of fiat-backed cryptocurrencies, known as stablecoins, is paramount. Recently, global cryptocurrency research firm Populus made a significant declaration that has reverberated across the industry: KRW stablecoin issuance should fundamentally be anchored on the Ethereum network. This isn’t just a casual recommendation; it’s a strategic assertion rooted in Ethereum’s proven track record and unparalleled advantages. But why is Populus so adamant about Ethereum being the definitive home for a Korean Won-backed stablecoin? Why Ethereum Stands Out: A Deep Dive into Populus’s Arguments Populus, in its compelling report titled “KRW Stablecoin Must Be Issued on Ethereum,” laid out a clear rationale for its stance. The firm meticulously detailed several core strengths that position Ethereum as the optimal choice for such a critical financial instrument. These aren’t merely theoretical benefits but are observable realities that have shaped the blockchain landscape: Overwhelming Liquidity: Ethereum boasts the largest and most vibrant decentralized finance (DeFi) ecosystem, translating into immense liquidity. This means a KRW stablecoin on Ethereum would immediately benefit from deep trading pools, easy convertibility, and widespread usability across countless applications. A Proven System: Having operated for years without significant security breaches at its core protocol level, Ethereum has demonstrated remarkable resilience and reliability. Its battle-tested infrastructure provides a robust foundation of trust essential for any national currency-backed stablecoin. Powerful Network Effects: Ethereum’s vast developer community, extensive user base, and interconnected dApps create powerful network effects. A KRW stablecoin issued here would instantly gain access to a broad audience and integrate seamlessly into existing financial primitives. High Security Scale: The sheer scale of Ethereum’s decentralized network, supported by thousands of nodes globally, contributes to its formidable security. The cost and complexity of attacking such a network are prohibitively high, offering a secure environment for valuable assets. Excellent Decentralization: Ethereum’s commitment to decentralization minimizes single points of failure and reduces the risk of censorship or manipulation. This is crucial for a stablecoin, as it ensures transparency and integrity, building confidence among users and regulators alike. The Vision for KRW Stablecoins: Paving the Way for Korean Digital Finance The concept of a KRW stablecoin is not just about digital currency; it’s about bridging traditional finance with the efficiency and innovation of blockchain technology. Such a stablecoin could revolutionize cross-border payments, facilitate instant settlements, and open up new avenues for financial services within Korea and internationally. For a stablecoin to achieve widespread adoption and truly serve as a reliable medium of exchange, its underlying platform must instill absolute confidence. Populus emphasizes that while other networks might offer certain technical efficiencies, none currently match Ethereum’s holistic package of security, liquidity, and decentralization that is critical for a national currency-backed asset. Imagine a future where transferring Korean Won across borders is as simple and instantaneous as sending an email, with minimal fees and complete transparency. This is the promise of a well-executed KRW stablecoin, and Populus argues that Ethereum provides the most fertile ground for this vision to flourish securely and effectively. Navigating Stablecoin Issuance: Ethereum’s Strategic Advantage Populus acknowledges that the landscape of blockchain technology is diverse and constantly evolving. They state that “native issuance support can be provided on networks other than Ethereum.” This is a crucial nuance. While various blockchains offer smart contract capabilities and can theoretically host stablecoins, the initial launch and primary operational base for a significant asset like a Korean Won-backed stablecoin should, according to Populus, be centered on the Ethereum network. This strategic choice is not about exclusivity but about leveraging a platform that has already proven its mettle in high-stakes environments. The process of stablecoin issuance involves not just technical deployment but also significant considerations around regulatory compliance, market acceptance, and long-term stability. Ethereum’s established ecosystem provides a framework where these complex factors can be addressed with greater certainty and less risk. Its robust tooling, well-understood smart contract standards (like ERC-20), and extensive auditing capabilities make it the preferred environment for launching a new, high-stakes financial instrument. Unlocking Unprecedented Blockchain Liquidity with Ethereum One of Ethereum’s most compelling attributes, particularly relevant for a stablecoin, is its unparalleled blockchain liquidity. The network is home to the vast majority of decentralized exchanges (DEXs), lending protocols, and other DeFi applications. This means that a KRW stablecoin issued on Ethereum would immediately become accessible to a global network of traders, investors, and users. Consider the following implications: Deep Trading Pools: Instant access to billions of dollars in daily trading volume across various decentralized exchanges, ensuring seamless conversion between the KRW stablecoin and other cryptocurrencies or fiat. DeFi Integration: The ability to easily integrate into existing DeFi protocols for lending, borrowing, yield farming, and other financial services, significantly increasing its utility and reach. Global Reach: While a KRW stablecoin would primarily serve the Korean market, its presence on Ethereum would grant it global accessibility, facilitating international trade and remittances. This inherent liquidity reduces slippage, improves price discovery, and makes the stablecoin a more reliable and efficient medium of exchange for all participants. Fortifying the Future: Ethereum’s Unwavering Blockchain Security For any stablecoin to gain public trust and widespread adoption, its underlying platform’s security is non-negotiable. Populus highlights Ethereum’s high blockchain security as a cornerstone of its recommendation. Ethereum’s proof-of-stake (PoS) consensus mechanism (after the Merge) and its vast network of validators make it incredibly resilient against attacks. The economic incentives for validators to act honestly, coupled with severe penalties for malicious behavior, create a highly secure environment. Furthermore, the transparency inherent in Ethereum’s public ledger means that all transactions are auditable and verifiable, building a foundation of trust that is critical for a currency-backed asset. The decentralized nature of its governance and operation also minimizes the risk of single points of failure, ensuring that the stablecoin’s integrity is maintained even under adverse conditions. This level of security is paramount for a financial instrument that aims to mirror the stability and reliability of a national currency. Challenges and the Path Forward While Ethereum offers compelling advantages, it’s also important to acknowledge common discussions around its challenges, such as network congestion and gas fees. However, with ongoing developments like Ethereum 2.0 (now the execution layer and consensus layer upgrades) and Layer 2 scaling solutions (e.g., Optimism, Arbitrum, zkSync), these concerns are being actively addressed. These advancements promise to significantly enhance scalability and reduce transaction costs, making Ethereum an even more attractive platform for high-volume financial applications like stablecoins in the future. A Compelling Case for the Future of KRW Stablecoins Populus’s report presents a powerful and well-reasoned argument for establishing the KRW stablecoin on Ethereum. The combination of overwhelming liquidity, a proven and secure system, robust network effects, and unparalleled decentralization creates an environment where a national currency-backed digital asset can thrive. As the world moves further into digital finance, the choice of foundational technology becomes critical. Populus’s insights underscore that for a stablecoin as vital as the KRW, opting for a network that offers stability, security, and expansive reach is not just an advantage—it’s a necessity. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum ‘s institutional adoption.
The Story Behind Paul Claudius and the Rise of DIA
Paul Claudius built DIA to open financial data access using a fully transparent, community-powered oracle model. DIA now supports 50+ blockchain networks with tools like Lumina and xRandom for on-chain data integrity. Paul Claudius may not be a household name, but among crypto enthusiasts, he is a key driver in the decentralized data ecosystem. The German didn’t start his career in the blockchain world like most other crypto project founders. Instead, he spent his early years in the swanky offices of New York and Frankfurt—working on financial reports, not smart contract code. But that all changed around 2017. Amid the early wave of DeFi , Paul Claudius felt something was missing. Data, the foundation of all decisions in the financial sector, felt too “closed” in the blockchain world. Market data was often expensive, opaque, and controlled by a handful of parties. For Claudius, who had worked in e-commerce and health technology, this was like rewatching an old episode—only more chaotic. Paul Claudius: Reimagining Data Access Through DIA Rather than simply criticizing, Claudius and two of his colleagues, Michael Weber and Samuel Brack, founded DIA—Decentralized Information Asset. The goal is simple but ambitious: to create a “Wikipedia for financial data.” Anyone can contribute, anyone can check, and everything is open. Of course, building a data oracle isn’t like starting a personal blog. Their system uses token incentives to attract data contributors and validators, all of whom work directly on the blockchain . This way, users can see where the numbers came from, who entered them, and when they were last updated. On the other hand, this open approach is also a major differentiator compared to other oracles. Some of their competitors tend to keep their systems closed and don’t reveal the source of their data in detail. Claudius calls this a “black box” model, and from the start, he wasn’t interested in following the same path. However, DIA isn’t content with just the oracle label. They recently launched Lumina, a new L2 rollup-based architecture that allows for efficient and verifiable data processing directly on-chain. There’s also xRandom, a randomness oracle system that uses randomness sources from drand. Staying the Course in a Fast-Moving World Claudius’ journey so far is also interesting because he has remained consistent on the path he believed in from the start. DIA is not a one-season project. From the token bonding curve phase in 2020 to the full DAO roadmap in 2025, everything is designed for the community to play a role. Even the token distribution is prepared to fund ideas from users, not just from the core team. Furthermore, DIA is now integrated on more than 50 networks, from Solana to zkSync. There are dozens of DeFi projects, gaming, and stablecoin platforms that rely on their data. In an interview, Claudius was asked about competitive pressures. His answer was quite light: “As long as we are transparent, let the market judge.” Sometimes, his statements sound less like those of a crypto entrepreneur and more like someone who is building a digital government system. But maybe that is the direction it is headed. After all, with decentralization at its core, anyone can take part, as long as they know how to play. And amid the hustle and bustle of projects emerging every week, Paul Claudius’ story is a reminder that infrastructure doesn’t have to be flashy to have an impact. Sometimes, it’s those who work behind the scenes who most determine the shape of the stage.
Ethereum Daily Transactions Reach Highest Levels Since 2021 Amid Layer-2 Growth and DeFi Revival
Ethereum has reached a significant milestone with daily transactions hitting 1.45 million, marking the highest activity since 2021 and signaling renewed strength in the network. This surge is driven largely by the expansion of Layer-2 scaling solutions, alongside a resurgence in DeFi, NFTs, and blockchain gaming, enhancing Ethereum’s usability and appeal. According to crypto analyst Ted (@TedPillows) on X, this spike reflects a vibrant ecosystem fueled by innovation and growing user engagement across multiple sectors. Ethereum’s daily transactions hit 1.45 million, driven by Layer-2 solutions, DeFi growth, and NFT activity, highlighting robust network scalability and ecosystem vitality. Ethereum’s Transaction Surge: The Role of Layer-2 Solutions in Scaling Network Activity The recent spike in Ethereum’s daily transactions is closely tied to the rapid adoption of Layer-2 (L2) scaling solutions such as Arbitrum, Optimism, Polygon, and zkSync. These platforms alleviate congestion on the Ethereum mainnet by processing transactions off-chain while maintaining security through Ethereum’s Layer-1. This approach significantly reduces transaction fees and confirmation times, making decentralized applications (dApps) more accessible to a wider audience. By enabling faster and cheaper transactions, L2s have expanded Ethereum’s capacity to handle millions of daily interactions, effectively addressing previous scalability bottlenecks. DeFi and NFT Resurgence: Catalysts for Increased Ethereum Network Utilization Alongside L2 adoption, the revival of decentralized finance (DeFi) protocols and non-fungible token (NFT) marketplaces has contributed substantially to Ethereum’s transaction volume. Innovations in DeFi, including yield farming and liquid staking derivatives, have re-engaged users seeking new financial opportunities. Meanwhile, NFT platforms like OpenSea and Blur continue to facilitate active trading and minting, sustaining transactional momentum. Additionally, blockchain-based gaming and metaverse projects are gradually increasing their footprint, adding layers of complexity and utility to the network’s transaction ecosystem. Implications of Ethereum’s Growth: Network Health and Developer Confidence The surge in transaction volume is a strong indicator of Ethereum’s network health and maturity. Increased usage reflects growing adoption of smart contracts and decentralized applications, which in turn fosters developer confidence. This virtuous cycle encourages innovation, as new projects are launched to capitalize on Ethereum’s robust infrastructure. Furthermore, the successful integration of L2 solutions validates Ethereum’s scalability roadmap, demonstrating that the network can sustain high throughput without compromising security or decentralization. Balancing Opportunities and Challenges in Ethereum’s Expanding Ecosystem While Ethereum’s growth presents numerous opportunities—such as enhanced user experiences, novel business models, and improved interoperability—it also brings challenges. Maintaining decentralization amid scaling efforts remains critical, as does educating new users to navigate the ecosystem effectively. Regulatory scrutiny is intensifying globally, requiring the community to adapt proactively. Additionally, competition from other Layer-1 blockchains necessitates continuous innovation to preserve Ethereum’s market leadership. Ethereum Network Activity and ETH Price Dynamics: Understanding the Connection Higher transaction activity on Ethereum naturally increases demand for ETH, which is required to pay gas fees for network interactions. The EIP-1559 upgrade introduced a deflationary mechanism by burning a portion of transaction fees, reducing circulating supply during periods of high activity. Combined with the Proof-of-Stake consensus and staking lockups, this dynamic supports a constrained supply environment that could positively influence ETH’s long-term value. However, market sentiment and macroeconomic factors continue to play significant roles in price fluctuations, underscoring the complexity of price drivers. Looking Forward: Ethereum’s Roadmap and Future Scalability Enhancements Ethereum’s future upgrades, including the upcoming ‘Surge’ phase focused on sharding, promise to further increase transaction throughput and reduce costs. These advancements aim to solidify Ethereum’s position as a global settlement layer for decentralized applications and financial instruments. Emphasizing user experience and accessibility, the network’s evolution is geared towards mainstream adoption, supported by a vibrant developer community and continuous technological innovation. Conclusion The recent milestone of 1.45 million daily Ethereum transactions underscores the network’s resilience and adaptability in a competitive crypto landscape. Driven by Layer-2 scaling solutions, renewed DeFi and NFT activity, and a strong developer ecosystem, Ethereum is effectively addressing scalability challenges while enhancing user engagement. This growth not only reflects a healthier blockchain but also sets the stage for sustained innovation and adoption. For investors, developers, and users, understanding these dynamics is essential to navigating Ethereum’s evolving ecosystem and capitalizing on its future potential. In Case You Missed It: Bitcoin Nears Historic Highs Amid Volatility and Potential Demand Challenges, Analysts Suggest
ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock
Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE), on-chain analyst ZachXBT reported in a June 16 post on X. WhiteRock surfaced in December 2024 with an anonymous team, overstated user counts, and unverifiable claims about a USDX reserve, researchers at Blokiments wrote in a memo dated June 13. Evidence ZachXBT added fresh evidence by finding an influencer that received payment from a WhiteRock-tied wallet, which also aggregates deposits traceable to ZKasino’s treasury. Separate transfers in February and March show identical amounts exiting a ZKasino wallet to an instant exchange and entering WhiteRock addresses moments later through Monero bridges. A potential personal link tightens the overlap. An address that deployed WhiteRock’s contracts exchanged messages with goedel014@gmail.com, an email tied to a Chess.com account using the handle “IldarTheGrandMaster.” Ildar Ilham, also known as “Prometheus” in the ZKasino episode, has used the alias “Goedel” across multiple developer channels. ZachXBT stated that the match “confirms at least one ZKasino founder directs WhiteRock activity.” He urged centralized venues MEXC and Gate.io to delist WHITE or perform deeper vetting. He argued that prior conduct in ZKasino and other projects tied to their team, such as Syncus and Zigzag, shows a pattern of raising capital, cycling funds through privacy rails, and abandoning stated roadmaps. Court dates for Ilham and two other ZKasino co-founders, Elham Nourzai and Lior Ben Zakan, have not yet appeared on Dutch public dockets. WhiteRock’s website lists no corporate entity, and project administrators did not answer email queries sent by ZachXBT on Sunday. ZKasino loss and laundering paths ZKasino raised more than $30 million worth of Ethereum (ETH) during a 2024 presale, then diverted user assets instead of building the advertised gambling platform. The Dutch financial crime agency FIOD arrested the co-founder, known online as “Derivatives Monke,” in April 2024 and seized related infrastructure. Two associates, Ilham and Lior Ben Zakan, operated from the Middle East at that time, according to court filings cited by ZachXBT. Transactions tracked after Nourzai’s late 2024 release show the stolen ETH moving through zkSync, Starknet, Solana, and multiple EVM-compatible chains. Wallet owners routed funds to over-the-counter brokers, swapped tokens for Monero via instant exchanges, and punted perpetual futures on Hyperliquid. Those steps broke asset provenance while funneling capital toward new ventures. The post ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock appeared first on CryptoSlate.
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