
Succinct Prover Network Mainnet
SEC Deems Liquid Staking Not a Security
Signβin with Ethereum EIP Finalized
The U.S. SEC stated that liquidβstaking products fall outside its current regulatory scope. Market commentators view the remark as a clarifying signal for staking service providers.
Why this matters: Clearer regulatory treatment reduces legal uncertainty for liquidβstaking platforms and staked ETH ETFs.
Ethereum core developer Timβ―Beiko shared progress on the Foundationβs βProtocolβ initiative, focusing on Layerβ―1 scalability tracks. The update outlines milestones achieved and next steps.
Why this matters: Transparent progress updates help the community coordinate efforts toward throughput improvements.
The Ethereum Foundation announced a contribution to SEAL Organization to support openβsource security research. Funds will expand audits and educational resources.
Why this matters: Strengthening security research raises the baseline safety of the entire Ethereum stack.
Verification Alliance disclosed that its service has now authenticated eightβmillion smart contracts. The milestone reflects expanded adoption of standardized verification.
Why this matters: Broad contract verification improves transparency and trust for onchain interactions.
@Binji_X summarized recent accomplishments of the Foundationβs Enterprise effort, including 150 calls this month with Fortune 500 companies, banks, and governments.
Why this matters: Enterpriseβgrade capabilities and business development attract institutional use cases to Ethereum.
JasonΒ Chaskin announced an open position for a decentralizedβfinance (DeFi) specialist within the organization.
Why this matters: Targeted hiring signals continued investment in DeFi growth and governance.
Grow The Pie reported that tablecoins on stablecoin generated 13Β times more fee revenue last week than Solanaβs entire network. The comparison used onchain data dashboards.
Why this matters: Fee dominance underscores Ethereumβs lead in stableβasset activity and economic security.
SharpLinkβ―Gaming disclosed another $264β―million purchase of ETH, raising its holdings aboveβ―520β―kβ―ETH. The firm frames the accumulation as a longβterm treasury strategy.
Why this matters: Continued institutional accumulation can tighten supply and influence market sentiment.
Researcher @FabDaRice noted that the Strategic Ethereum Reserve now topsβ―3β―millionβ―ETH, equal to roughlyβ―2.5β―% of total supply. The jump reflects recent deposits from multiple contributors.
Why this matters: Growing reserves provide liquidity backstops and signal confidence in Ethereumβs longβrun value.
Succinct announced that its distributed prover network for zeroβknowledge proofs is now live on Ethereum mainnet. The release enables developers to outsource proof generation efficiently.
Why this matters: Costβeffective ZK proving broadens the design space for privacyβpreserving and scalable apps.
Alchemix Finance rolled out versionΒ 3 of its selfβrepaying loan protocol, introducing modular vaults and improved liquidation mechanics, with loans up to 90% loan-to-value (LTV) now available.
Why this matters: Protocol upgrades can enhance capital efficiency and user safety within DeFi lending markets.
@SolidIntel reported that MetaMask will collaborate with Stripe to issue a native stablecoin for wallet users. Details on issuance and reserve backing are forthcoming.
Why this matters: A MetaMaskβbranded stable asset could streamline fiat onboarding and payments for millions of users.
3JaneΒ XYZ published a thread unveiling βVantageScoreΒ 3.0,β a decentralized creditβscoring framework using verifiable credentials. The model weights both onchain behavior and offβchain attestations.
Why this matters: Decentralized scoring expands access to credit without centralized credit bureaus.
Automatedβtrading bot provider Maestro and Base network launched a $250,000 hackathon to incentivize new tooling and apps. Builders can compete across multiple challenge tracks.
Why this matters: Prize pools attract developer talent and accelerate ecosystem growth on emerging L2s.
Gelato Network detailed middleware that enables Optimismβbased chains to settle transactions in roughlyβ―200Β milliseconds. The feature is now available for all OPβ―Stack integrators.
Why this matters: Faster confirmations improve user experience and open new realβtime use cases.
Interface announced that its portfolio and transaction dashboard now connects to Arbitrum, expanding multiβchain coverage. Users can view balances and execute swaps directly.
Why this matters: Broader chain coverage simplifies asset management for multiβnetwork users.
BrantlyΒ Millegan confirmed that EIPβ4361, standardizing authentication via Ethereum signatures, has reached final status. Client libraries are expected to follow shortly.
Why this matters: A finalized spec enables secure passwordβless logβins across the web using Ethereum addresses.
@NixorOkish outlined agenda items for the upcoming All Core Devs β Consensus CallΒ #162, including Fusaka fork timing and plans for the Glamsterdam upgrade.
Why this matters: Early visibility into developer priorities helps operators prepare for forthcoming upgrades.
Security firm zkSecurity published a detailed tutorial on implementing Plonk zeroβknowledge proofs. The guide covers circuit design, trusted setups, and performance benchmarks.
Why this matters: Educational resources lower the barrier to entry for building ZK applications.
MegaETHΒ Labs published an article explaining how zeroβknowledge proofs will safeguard a forthcoming Layerβ―2 rollup. Topics include fraudβproof compression and dataβavailability sampling.
VeridiseΒ Inc. compiled a thread summarizing the latest smartβcontract exploits and mitigation lessons. Case studies cover reentrancy, oracle manipulation, and accessβcontrol failures.
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Disclosures: Ethereum Daily is an independent publication and does not offer financial or investment advice. Content may include opinions, affiliate links, or references to projects in which contributors have a financial interest. Always do your own research.
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Ethereum Daily ~ August 5, 2025 π€ Succinct Prover Network Mainnet π£ SEC Deems Liquid Staking Not a Security βοΈ Sign-in with Ethereum EIP Finalized + Much More Below! https://paragraph.com/@ethereumdaily/ethereum-daily-august-5-2025
What does Succinct provider do?
Great π
Thanks fam!
I'm a bit surprised at all these new stablecoins tbh. I thought most places would just use usdc or tether. 55 $degen
I definitely think there will be consolidation in a few years. Rn tho you have all these companies looking at the profit margin of Tether and wanting a taste (which I totally get)
Agreed π―π―.
Was thinking the same thing. Now that everyone is making stablecoins, that liquidity needs to be accepted for smoother onboarding. We definitely donβt want a duopoly with just tether and circle but more issuers seem to become a problem for now
+1
Yeah. True. We need more than two I feel as well but at some point there will be so many trading pairs ... I guess any exchange can just flip stables behind the scenes during a trade.
Gm
Big developments in Ethereum this week! The Succinct Prover Network is now live, offering efficient zero-knowledge proof solutions. The SEC reassured that liquid staking isn't considered a security, fostering a clearer environment for staking providers. Additionally, EIP-4361 has been finalized, streamlining password-less logins across platforms, and there have been important updates on Layer 1 scalability efforts. Dive into all the details shared by @ethereumdaily.eth on this transformative week in the Ethereum ecosystem!