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BitMine establishes a $2 billion ETH reserve.
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EigenLayer launches Multi-Chain Verification.
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Optimism activates Superchain Upgrade 16.
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Privacy Pools supports USDT & USDC.
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Three Glamsterdam headliners are CFI’d.
BitMine Immersion Technologies, Inc. now holds 566,776 ETH, valued at over $2 billion, making it the largest corporate holder of ether, surpassing SharpLink Gaming’s 360,000 ETH treasury. The company funded the acquisition through a $250 million private placement completed on July 8. BitMine has set the ambitious goal to acquire and stake 5% of Ethereum’s total supply, approximately 6 million ETH. Its strategy focuses on increasing ETH held per share through reinvestment of cash flows, capital markets activity, and staking yields. The total ETH held by corporate entities has reached 2.3m ETH, worth $8.5b.
EigenLayer launched Multi-Chain Verification (ELIP-008), a new feature that enables Autonomous Verifiable Services (AVSs) to be easily configured and deployed on chains beyond Ethereum L1, including Layer 2s. The feature is now available in Public Preview on the Base Sepolia testnet, with support for additional chains and a mainnet launch targeted for Q3 2025. Multi-Chain Verification allows AVSs to reach more users in faster, lower-cost environments while retaining EigenLayer’s security guarantees. AVS developers can opt into the preview and begin integrating today. During the testnet phase, stake data will update daily, with critical updates like slashing reflected immediately across chains.
Optimism’s Superchain has successfully activated Upgrade 16, an update that prepares the network for Superchain interoperability, which is expected to go live as soon as Upgrade 17. The upgrade also removes permissioned roles to meet L2Beat’s latest Stage 1 decentralization standards. Upgrade 16 introduces Go 1.23 support and adds compatibility with Kona, a Rust-based fault prover. The upgrade also includes important maintenance and safety improvements, and increases the maximum gas limit from 200 million to 500 million gas per block. All Superchain chains, including OP Mainnet, Base, Ink, and Unichain, benefit from shared upgrades.
Privacy Pools, an onchain privacy protocol, added support for USDT and USDC stablecoin deposits as part of its multi-asset expansion strategy. Users can now deposit a minimum of $250 in either USDC, USDT, DAI, USDS, or sUSDS stablecoins to privatize their holdings. Privacy Pools enables users to withdraw funds, after passing a compliance check, to an unlinked address. The protocol leverages zero-knowledge proofs to ensure deposits and withdrawals remain unlinked.
During this week’s ACDC call, Ethereum core developers agreed to add three Glamsterdam Headliners EIPs to the “Considered for Inclusion” list, narrowing the candidates for the upcoming network upgrade. The selected EIPs are: ePBS EIP-7732, six-second slot times EIP-7782, and Fork-choice Enforced Inclusion Lists (FOCIL) EIP-7805. Ethereum stakeholders are encouraged to share their feedback in the Ethereum Magicians thread before the inclusion list is finalized.
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