Ethereum Network Earns $1.79Bn in App Fees, But Captures Less Than 5%
Ethereum's layer-one network captured only 4.9% of application fees despite earning $1.79 billion, while rollups processed 41 times more activity. The discrepancy reveals how value distribution has shifted away from the base layer toward secondary scaling solutions.
Read full story →Bitmine stakes $278M in Ethereum, pushing total past 5 million staked ETH
Bitmine staked $278 million in Ethereum, bringing the company's total staked ETH past 5 million. This large concentration of staking power in a single entity raises concerns about Ethereum network centralization.
DeFi Protocol Aave Plans Orderly Exit from Low-Activity Markets and Chains, Potentially Impacting Nearly $100M in Assets
Aave plans to phase out support for underused asset reserves and exit several smaller blockchain networks, potentially affecting nearly $100 million in assets. The orderly exit initiative was announced by founder Stani Kulechov as part of a broader strategy.
SEC Maintains Hold on Nasdaq Bitcoin Options Amid CME Jurisdictional Challenge
The SEC granted CME Group's petition to review its previous conditional approval of Nasdaq PHLX's cash-settled Bitcoin index options, keeping that approval stayed. The review challenges the jurisdictional authority that permitted Nasdaq to proceed with listing these Bitcoin derivative contracts.