Ethereum Celebrates 10 Years of Transforming Blockchain Technology
Key Updates in Cryptocurrency Developments
Ethereum Milestone: Ethereum celebrates its 10-year anniversary with a price rebound to $3,800 in July, up from $1,500 in April. The network sees growth in tokenization and stablecoins, indicating increased institutional interest.
Linea's Protocol Enhancements: Linea plans significant upgrades including ETH-native staking, an ETH burn mechanism, and allocation of 85% of its token supply for ecosystem development. It aims to burn ETH with every transaction.
Solana's New Roadmap: Solana introduces "Internet Capital Markets," focusing on decentralized financial applications. The roadmap emphasizes Application-Controlled Execution (ACE) for enhanced transaction control.
Square's Bitcoin Payments: Square begins rolling out Bitcoin payments for merchants via the Lightning Network, aiming for full availability by 2026. The service allows real-time settlement in fiat currency.
Other Notable News
Strategy Acquires BTC: Strategy has purchased 21,021 BTC valued at approximately $2.4 billion through preferred stock issuance, bringing total holdings to 628,791 BTC worth nearly $74 billion.
SharpLink Gaming Increases ETH Holdings: SharpLink's ether holdings have risen to 438,190 tokens, valued at about $1.68 billion. Recent acquisitions included 77,209 ETH purchased for $297 million.
Regulatory Developments
Lummis Introduces Crypto Bill: U.S. Senator Cynthia Lummis proposes legislation allowing cryptocurrency holdings to secure mortgage loans, aligning with actions from Fannie Mae and Freddie Mac.
Tornado Cash Developer Trial Update: Roman Storm, developer of Tornado Cash, will not testify in his defense during his trial related to money laundering allegations.
Upcoming Events
Sept. 22-28: Korea Blockchain Week, Seoul
Oct. 1-2: Token2049, Singapore
Oct. 13-15: Digital Asset Summit, London
Oct. 16-17: European Blockchain Convention, Barcelona
