# Ethereum Daily ~ July 7, 2025

> Welcome back to Ethereum Daily — Your daily briefing on everything that matters in the Ethereum ecosystem.

**Published by:** [Ethereum Daily](https://paragraph.com/@ethereumdaily/)
**Published on:** 2025-07-08
**Categories:** ethereum, news
**URL:** https://paragraph.com/@ethereumdaily/ethereum-daily-july-7-2025

## Content

📰 HeadlinesBitDigital Pivots From BTC, Acquiring 100 k ETHU.S. Government Drops Tornado Cash LawsuitEmail-as-ENS Introduced🗣 Take of the Day – CEO of BitDigital, Samir Tabar on ETH"There is no second best. We’ve sold BTC for ETH, giving us one of the largest ETH holdings among any publicly-traded company in the world. The simple truth is that ETH powers the most widely used blockchain in the world. Its utility, security, and scarcity are irrefutable."🧱 58 Global Meetups Planned for Ethereum’s 10th BirthdayJosh Stark has mapped 58 events spanning six continents to celebrate Ethereum’s 10 year birthday on July 30th. Locations range from Nairobi to New York, spotlighting Ethereum’s truly global footprint.💎 ETH Staking Hits ATH While Exchange Reserves PlungeOn-chain data show 29.6 % of ETH is now staked, as centralized exchange balances fall to 18.9 million ETH. The trend suggests holders prefer yield-earning validators over liquid trading venues. Why this matters: Shrinking circulating supply tightens scarcity and may amplify price responsiveness to demand shocks.🐂 BitDigital Publishes Its Bullish ETH ThesisIn a follow-up thread, BitDigital positions itself as “the pre-eminent ETH holding company,” pledging to keep adding to its stack. The Nasdaq-listed miner frames Ethereum as the backbone of a new financial system. Why this matters: Public-company accumulation provides transparent, audited evidence of institutional adoption.🏦 BBVA Adds ETH Trading & Custody in SpainSpanish banking giant BBVA now lets retail clients buy, sell, and store Ethereum inside its mobile app under EU MiCA compliance. The integration brings crypto to one of Europe’s largest consumer-banking user bases. Why this matters: Regulated bank access lowers friction for mainstream Europeans to enter the Ethereum economy.🧪 EIP-7983 Proposes Per-Tx Gas CapVitalik Buterin and Toni Wahrstätter suggest limiting gas per transaction to curb DoS vectors, improve fee predictability, and aid ZK compatibility. The change would not lower block capacity but distribute it more evenly. Why this matters: Hardening Ethereum against spam while smoothing costs strengthens both security and usability.🔄 zkMIPS Rebrands to “Ziren”Project ZKM unveils Ziren, a GPU-accelerated, distributed proving zkVM aimed at high-performance general-purpose computation. The team touts faster proofs and easier deployment for developers. Why this matters: A stronger zkVM landscape expands the design space for privacy-preserving and scalable dApps.✉ Email-as-ENS Launches With zkEmail & ENSThe new standard lets users map an email address directly to an ENS name (e.g., alice@gmail.com → alice$gmail.com.zkemail.eth). This bridges familiar Web2 identifiers with decentralized wallets. Why this matters: Lowering onboarding friction could accelerate ENS adoption and widen Ethereum’s user funnel.🌪 U.S. Drops Appeal in Tornado Cash Sanctions CaseThe government withdrew its appeal challenging a ruling that OFAC cannot sanction immutable smart-contract code, though criminal DOJ charges remain. Observers view the move as a tacit acknowledgment of legal limits. Why this matters: Clarifying that code itself may be beyond sanctions sets an important precedent for protocol neutrality.🎮 JokeRace Introduces Vote-to-Earn “Joke Games”The five-week campaign seeds at least $15k in rewards that grow as more users vote across community contests. Engagement mechanics aim to gamify governance participation.🏆 ETHGlobal Cannes Finalists RevealedTen standout hacks—including BeamPay, PolyBet, and POAPrivacy—emerged from 334 submissions. Winners span payments, privacy, and on-chain prediction markets. Why this matters: Hackathon output offers an early look at trends and talent shaping Ethereum’s next wave of projects.🍁 Maple Finance Becomes Largest On-Chain Asset ManagerToken Terminal data show Maple’s loan pools now surpass BlackRock’s BUIDL fund in onchain AUM. Maple credits diversified collateral and institutional borrowers for the milestone. Why this matters: Beating a TradFi giant on-chain signals DeFi’s maturity and competitive edge in capital markets.🗞 NodeOps Network Mainnet Goes Live on ArbitrumThe DePIN project launches a permissionless compute marketplace backed by service-level agreements, graduating from testnet to production. Arbitrum provides the rollup scalability layer. Why this matters: Secure decentralized compute broadens Ethereum’s utility beyond finance into verifiable off-chain workloads.📬 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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