# Ethereum Daily ~ July 16, 2025

> Your daily briefing on everything that matters in the Ethereum ecosystem.

**Published by:** [Ethereum Daily](https://paragraph.com/@ethereumdaily/)
**Published on:** 2025-07-16
**Categories:** ethereum, news, crypto
**URL:** https://paragraph.com/@ethereumdaily/ethereum-daily-july-16-2025

## Content

📰 HeadlinesCoinbase Unveils “The Base App”“Ethereum is Trustware” Report by Joe LubinPrivacy Pools Adds USDS🗣 Take of the Day by @notnotstormEach blockchain selects technical + cultural tradeoffs that make it better suited to some use cases and not others. The reason I'm an Ethereum fan = it selected better tradeoffs than other blockchains for building The Future of Finance. that's the usecase I find most interesting."🧱 Validator Queue Hits 844k ETHSince 07/07/25, an additional 844k ETH has been deposited into the validator queue, signaling sustained staking demand. The update came directly from core contributor @TerenceChain. Why this matters: A growing validator queue underscores continued confidence in Ethereum’s security and future yield.✍ “Ethereum is Trustware” Report PublishedConsenSys co-founder Joe Lubin argues Ethereum is the “purest, deepest source” of digital trust in a new report. The paper positions Ethereum as foundational infrastructure for global commerce. Why this matters: Thought-leadership pieces like this influence policymakers, enterprises, and investors assessing onchain adoption.💎 $40M in ETH Shorts LiquidatedWatcher Guru noted that $40 million worth of ETH short positions were wiped out within one hour. The rapid move followed a sharp upward price swing. Why this matters: Large liquidations can amplify volatility and serve as a barometer for market sentiment shifts.📊 StrategicETHReserve Adds Purchase/Issuance RatioDeveloper Fab da Rice integrated real-time tracking of ETH bought versus new issuance on StrategicETHReserve.xyz. The metric provides clearer visibility into net deflationary pressure. Why this matters: Transparent supply-and-demand data helps analysts gauge long-term token economics.📈 BlackRock ETHA ETF Smashes Volume RecordETF $ETHA surpassed its average daily trading volume just 17 minutes after the market opened. Analyst @crypto_condom flagged the surge in institutional activity. Why this matters: Elevated volume signals growing traditional-finance appetite for regulated ETH exposure.🔄 56× More ETH Purchased Than IssuedData shared by DeFi Dad show that on 07/15, ETH net buying outpaced issuance by 56 times. The imbalance reflects strong demand during a period of reduced block rewards. Why this matters: Sustained net buying supports the asset’s scarcity narrative and price resilience.🧪 Nethermind Gas Benchmarking BoostNethermind’s latest benchmarks cut worst-case processing times by ~25 % and unlocked 45M-gas block handling. Infrastructure teams are already experiencing steadier throughput. Why this matters: Performance gains allow the network to accommodate more complex applications without sacrificing speed.🛰 Lodestar Champions ePBS for GlamsterdamLodestar developers advocate for “electronic Proposer-Builder Separation” (ePBS) as the marquee upgrade in the Glamsterdam hard fork. The call was echoed during client-team discussions. Why this matters: Selecting ePBS could meaningfully reshape block-building economics and MEV mitigation.🗂 Glamsterdam Headliner Status Update@TerenceChain released a scoreboard detailing which EIPs each client team endorses for the next fork. The community now has a transparent view of consensus progress. Why this matters: Public tracking keeps upgrade planning accountable and helps the community track where the network is headed.🔖 Forkcast Reveals EIP Advocacy TrackerForkcast.org added a feature showing which EIPs are championed by various client teams for Glamsterdam. Users can filter by client and proposal to monitor support. Why this matters: Uniformed tooling simplifies follow-up for contributors and lowers the barrier to community engagement.🔒 Privacy Pools Adds USDSPrivacy Pools expanded supported assets beyond ETH, introducing USDS deposits and withdrawals. The update broadens privacy options for stablecoin users. Why this matters: Asset diversity makes privacy protocols more practical for everyday payments and treasury management.🤝 Cap Integrates PayPal for Stablecoin NetworkCapMoney announced PayPal as its launch partner for the Cap Stablecoin Network. The collaboration leverages PayPal’s distribution while providing onchain settlement. Why this matters: Partnerships with mainstream payment firms accelerate stablecoin adoption among non-crypto users.🏦 Ethena Labs USDtb Earns Merkl RewardsUSDtb supplied to Aave, Morpho, Euler, and Fluid now accrues Merkl incentives, lifting blended yields. Funding across ETH and BTC surpassed an 11 % threshold, the highest since Q4 2024. Why this matters: Enhanced rewards strengthen synthetic dollar liquidity and attract capital to leveraged staking strategies.🌎 zkp2p Converts Worldcoin UBI to Argentine Pesoszkp2p published a guide for turning Worldcoin’s UBI payments into spendable ARS. The workflow routes WLD through on- and off-ramps to local banking rails. Why this matters: Practical cash-out options improve the real-world utility of digital-identity-based income streams.✔ Cantina Completes Alchemix v3 Security ReviewCantinaXYZ finalized its audit of Alchemix v3, clearing the upgrade for deployment. Findings were shared publicly alongside remediation details. Why this matters: Transparent audits boost user confidence and set best-practice standards for protocol launches.📱 Coinbase Launches “Base App”Coinbase introduced an everything-app on Base, combining payments, social, and gaming. The rollout showcases the L2’s consumer-friendly capabilities. Why this matters: A first-party super-app could drive mainstream traffic to Base and the wider Ethereum stack.💵 PayPal Extends PYUSD to ArbitrumPayPal confirmed plans to bridge its PYUSD stablecoin onto Arbitrum. The move follows growing demand for low-cost, high-throughput settlement. Why this matters: Multi-chain distribution positions PYUSD as a competitive payment rail across diverse ecosystems.⚙ BuildOnNodeOps Wins Arbitrum Foundation GrantThe grant funds development of permissionless, SLA-backed cloud infrastructure offering verifiable compute for dApps. The team aims to provide onchain guarantees for offchain workloads. Why this matters: Trust-minimized compute expands the design space for data-heavy applications on rollups.🎪 ETHGlobal Announces “Ethereum NYC”ETHGlobal will co-host a flagship hackathon in New York with partners including Etherealize and The BB Fund. The event will gather builders ahead of the fall conference season. Why this matters: High-profile hackathons seed new projects and foster collaboration among core contributors and newcomers alike.📰 Fed Governor Chris Waller Backs Stablecoin CompetitionIn a public address, Governor Waller highlighted the benefits of stablecoins for payments innovation. He emphasized the need for regulatory clarity to spur healthy competition. Why this matters: Support from a senior Federal Reserve official signals growing institutional openness to dollar-pegged digital assets.📬 For More Updates Like These:Subscribe to Ethereum Daily on Paragraph.xyzFollow @Rue1776 on Twitter and @ethereumdaily.eth on FarcasterDisclosures: 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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