Nasdaq submitted a request to the SEC to allow trading of tokenized stocks with settlement potentially occurring on blockchain rails, with clearing handled by DTCC. The DTCC has previously committed to promoting Ethereum’s ERC-3643 standard, signaling possible alignment with existing market infrastructure.

Impact A U.S. exchange exploring tokenized equities integrated with DTCC could accelerate regulated onchain asset settlement at scale.

Fidelity introduced the $FDIT tokenized fund on Ethereum mainnet in partnership with Ondo Finance, per community reporting. The launch expands traditional asset managers’ footprint in onchain fund infrastructure.

Impact: A major asset manager issuing a tokenized fund on Ethereum is a milestone for mainstream onchain financial products.

Korea’s largest exchange, Upbit, plans to launch a Layer 2 using the Optimism OP Stack. The move would place another major centralized exchange directly onchain with its own L2 infrastructure.

Impact: An exchange-operated L2 could funnel users and liquidity into the Ethereum ecosystem at scale.

A daily fee snapshot shows Ethereum at the top for fees generated on September 8, 2025. The update emphasizes Ethereum’s demand and activity.

Impact: Fee leadership often correlates with active applications and user activity.

Ryan Berckmans highlighted Ethereum’s lead across Layer-1 networks when measured by 'Application Capital'.

Impact: Ethereum’s resource concentration strengthens network effects, making it the most attractive layer-1 for new app launches.

Protocol Guild released its inaugural Compensation Report, noting many Ethereum core developers are earning 50% or less of their market value. The report highlights funding realities across teams that maintain and advance Ethereum’s protocol and how the Protocol Guild fills that wage gap.

Impact: Sustained, transparent funding for core contributors is essential for network security and long-term roadmap delivery.

Everstake highlighted that Ethereum’s blob market eclipsed 5 blobs per block for the first time, citing data compiled by Hildobby. This marks a new throughput milestone for EIP-4844 data availability.

Impact: Higher sustained blob usage indicates growing onchain demand and stress-tests the protocol’s data layer, informing fee dynamics and future scaling work.

Kiln Finance announced an orderly exit of its Ethereum validators, citing security precautions after an incident on Solana. The statement frames the move as a risk-focused decision.

Impact:Validator operators adjusting exposure following broader ecosystem incidents highlights interconnected operational risk.

Alon Muroch shared details of a slashing incident impacting 39 Ethereum validators using the SSV network. The post focuses on the scope of the event and directs attention to the operator errors involved.

Impact: Slashing events can reduce validator trust and prompt operators to revisit redundancy and operational safeguards.

Lookonchain tracked activity shows BitMine adding roughly $200m in ETH to its holdings. The purchase follows prior accumulation and brings their total ETH treasury to $9.27 billion.

Impact: Large buys can impact liquidity and signal institutional confidence in ETH’s long-term role.

An update indicates the SEC has delayed staking for BlackRock’s ETH ETF.

Impact: Decisions on ETF staking can affect product design, yield expectations, and institutional participation.

Syndicate and Aerodrome partnered to launch SYND, described as the inaugural “Community-First” token. The thread highlights this launch as a key milestone for community-driven token initiatives.

Impact: It showcases a coordinated launch model aimed at aligning token distribution with active community participation.

Tether introduced USAT, a new U.S.-compliant stablecoin, alongside a domestic operation targeting regulated financial use cases.

Impact: This marks Tether’s first direct U.S. market entry, aiming to capture adoption from banks, fintechs, and merchants that require compliance-ready stablecoin products.

Ethereum Phone announced that dGEN1 devices have begun shipping to customers. The update confirms hardware distribution is moving from pre-order to fulfillment.

Impact: Shipping units put crypto-native mobile experiences into real users’ hands, enabling feedback loops for apps, wallets, and embedded key management.

Polymarket integrated Chainlink oracles to power its crypto asset price feeds, ensuring market resolution accuracy.

Impact: Improved oracle reliability reduces disputes and enhances trust in prediction markets, a core feature for user growth.

At ACDE #220, Ethereum developers confirmed that Fusaka DevNet 5 is the final step before public testnet upgrades, with Holesky, Sepolia, and Goerli scheduled in the coming weeks. The call also covered progress on network efficiency upgrades, new proposals to cut costs and improve security, and Tim Beiko’s announcement that Ansgar Dietrichs will chair meetings during his leave.

Impact: These updates mark the next testing phase before Ethereum’s next major upgrade (Fusaka), signaling progress toward improved scalability, efficiency, and security.

During All Core Devs - Testing Call #52, Ethereum developers reported significant progress as Fusaka Devnet-3 stabilized after a non-finality event, with most clients actively working to fix remaining issues while preparing for the upcoming Devnet-5 launch.

Impact: Clear testing updates help client teams and researchers align ahead of upcoming network upgrades.

Author's Note: For more in-depth coverage of Ethereum Core Development, I highly recommend checking out Christine D. Kim's blog.

Artists Skitch and HIPOCREATE collaborated to release “The Algorithm’s Throne” on SuperRare.

Linea announced that its token, $LINEA, is now live and available for claiming. The post marks the token’s availability as a network milestone.

Impact: Token launches often coincide with new governance and incentive programs affecting L2 adoption.

Ronin Network selected Optimism’s OP Stack and announced partnerships with EigenDA, Boundless, and Cartesi to power its roadmap. The update signals Ronin’s alignment with the Superchain vision while expanding data availability and developer tooling.

Impact: Standardizing on OP Stack improves interoperability and lowers integration costs for Ronin's users and builders.

Stage-2 Layer 2 network Kinto said it will shutter the chain due to an exploit to their $K token in July. The announcement included initial timelines and next steps for users and partners.

Impact: Chain sunsets require careful migration to protect user funds and preserve application continuity.

Giveth announced its 'Causes' Quadratic Funding round live on Polygon. The initiative channels community matching to public goods projects.

Impact: QF amplifies grassroots funding, helping impact-driven projects reach sustainability with transparent, programmatic matching.

Eli Schein shared that Art Blocks has raised more than $50 million for charitable causes. The contribution reflects cumulative proceeds across Art Blocks’ initiatives.

The Block reported that Coinbase is seeking a court order related to deleted text messages of SEC Chair Gary Gensler

An article summarized the latest Chainalysis crypto adoption index alongside policymakers’ attempts to regulate self-custodial services. The write-up connected adoption trends with evolving regulatory approaches.

The Rage published a piece asserting that the U.S. Treasury is aiming to ban onchain privacy tools. The article frames a policy critique around privacy technology.

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