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Linea unveils LINEA tokenomics.
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ETHZilla unveils ETH Treasury Strategy.
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SEC approves in-kind crypto ETPs.
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BitMine now holds 625k ETH.
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ECP introduces BlobKit.
Linea, an EVM‑equivalent ZK rollup incubated by Consensys, released the tokenomics for LINEA, its native token featuring a total supply of 72 billion tokens, representing 1,000x the initial circulating supply of ETH. 85% of LINEA is allocated to the ecosystem and 15% to the Consensys treasury under a five‑year lockup. Within the ecosystem allocation, 75% of tokens go to an Ecosystem Fund and 10% goes to Early Contributors, including 9% for the initial user airdrop. It will also have a fee model that burns 20% of net ETH gas fees and uses the remaining 80% to buy‑and‑burn LINEA. Additionally, ETH bridged to Linea will be natively staked to generate rewards for liquidity provision. The Ecosystem Fund will be overseen by the Linea Consortium, which includes ENS Labs, Eigen Labs, SharpLink, Status, and Consensys.
180 Life Sciences Corp., listed on the Nasdaq under ATNF, announced plans to rebrand as ETHZilla Corporation following its $425 million private placement round. The company will adopt a new treasury strategy focused on acquiring ETH while continuing to advance its existing biotech initiatives. Electric Capital will act as ETHZilla’s external asset manager, deploying a range of onchain yield strategies aiming to outperform traditional ETH staking yields. The round included participation by over 60 institutional and crypto investors, including Ethereum builders, DeFi founders, and Wall Street veterans.
The SEC approved orders allowing in-kind creations and redemptions for crypto asset exchange-traded products (ETPs), including bitcoin and ether products. The approval marks a shift from previous approvals, which only permitted cash-based transactions. Under the new framework, issuers can now create and redeem ETP shares using bitcoin and ether directly, rather than cash. SEC Chair Paul S. Atkins said the move is part of building a “fit-for-purpose regulatory framework” for crypto markets, designed to make the products less costly and more efficient. In addition, the SEC approved several related measures, including allowing applications to list ETPs that hold both spot bitcoin and spot ether.
BitMine Immersion Technologies Inc. now holds 625,000 ETH, valued at $2.35 billion, in its treasury. The company also announced a $1 billion open-ended stock repurchase program, allowing it to buy back shares in the open market as part of its strategy to optimize capital allocation. Chairman Thomas Lee noted that the buyback could provide the best return on capital in the company’s goal of accumulating 5% of Ethereum’s supply.
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