Thanks to Kevaundray Wedderburn, Alex Stokes, Tim Beiko, Mary Maller, Alexander Hicks, George Kadianakis, Dankrad Feist, and Justin Drake for feedback and review. Ethereum is going all in on ZK. Eventually we expect to migrate to using ZK proofs at all levels of the stack, from consensus layer signature aggregation to onchain privacy with client
Galaxy Digital’s research arm has cut its estimate of the CLARITY Act becoming law in 2026 to 50-50, down from 60% just three weeks ago, citing a Senate floor calendar that grows shorter each week and a bill that still lacks a merged text, a scheduled vote, or public commitment from leadership. The downgrade, published
Bitcoin sits near $60,000, down more than half from its October peak, with traders in extreme fear and institutions pulling money out for six straight weeks. The single question that decides where it goes next is whether the famous four-year cycle still governs Bitcoin, or whether institutions have broken it for good. Summary Bitcoin trades
Community & education Appcon Slice Event designed to introduce Ethereum applications and experiences to a non-crypto audience, hosted during Milan Design Week in Italy. Community & education Bhutan Dev Fest GovTech Agency Hackathon in Paro, Bhutan uniting local and global innovators to develop solutions leveraging decentralized technology, including Bhutan’s self-sovereign National Digital Identity (NDI) that
Spain’s CNMV says no extensions to the MiCA deadline. Unlicensed crypto firms, including Binance, must exit the EU by end of June. Spain’s financial markets regulator has drawn a firm line on MiCA compliance. The Comisión Nacional del Mercado de Valores (CNMV) will grant no deadline extensions to crypto firms that have not secured licenses
OpenAI has introduced GPT-5.6 models named Sol, Terra, and Luna, prompting comparisons with some of the crypto industry’s best-known blockchain projects. Summary OpenAI has launched a limited preview of GPT-5.6 models named Sol, Terra, and Luna. The model names sparked discussion among crypto users due to their resemblance to Solana and Terra. OpenAI said the
Ethereum’s weekly All Core Developer calls are a lot to keep up with, so this “Checkpoint” series aims for high-level updates roughly every 4-5 weeks, depending on what’s happening in core development. See the previous update here. tl;dr Core developers are focused on getting Fusaka out the door and choosing the headline feature(s) for the
The Bank of England has abandoned proposed individual holding limits for systemic sterling stablecoins, moving instead to a £40 billion issuer-level cap. On the eve of MiCA entering full enforcement in the EU, the UK is positioning itself as a more flexible alternative. The question now is whether this approach can regulate stablecoins without weakening
Elon Musk’s X has begun rolling out X Money to select Premium+ users, with the new payments service relying on Ripple banking partner Cross River Bank for its core banking infrastructure. Summary X Money has started rolling out to select Premium+ users using Cross River Bank as its banking partner. Cross River’s long-standing Ripple partnership
On July 30, 2025, the Ethereum community marked a major milestone: ten years since the Ethereum’s genesis block and mainnet launch. What began as a whitepaper has evolved into a decentralized platform now powering thousands of applications, tools, and communities around the world. The Celebration To commemorate the occasion, over 100 ecosystem-led events took place
