Ethereum Foundation Staked $46M Worth of ETH to Enhance Sustainability, Support DeFi

Solana achieved over 100,000 transactions per second on its mainnet, driven by "noop" program calls. Despite critics calling the loads artificial, the network's capacity was tested with low execution compute units and other overhead costs.

Gemini, founded by Tyler and Cameron Winklevoss, has submitted a public S-1 filing with the SEC for an initial public offering on the Nasdaq Global Select Market under the ticker GEMI. Details on shares, price range, and timeline are pending announcement.

Digital Currency Group has filed a lawsuit against its subsidiary Genesis, claiming that the collapsed crypto lender actually profited following its collapse and bailout. DCG stated that the $1.1 billion loan to Genesis in 2022 covered losses, with recovered assets exceeding creditors' claims.

The XRP Army is divided on whether XRP will reach $4 or drop below $2, with traders analyzing technical indicators like RSI, ADX, and EMA to predict its next move. Despite bullish trends, whale inflows and potential catalysts could still impact XRP's price direction.

Legislation introduced by New York Assemblymember Phil Steck proposes a 0.2% excise tax on cryptocurrency transactions to generate revenue for combating substance abuse in upstate New York. The bill aims to address the impact of the opioid epidemic on communities in the state.

SharpLink Gaming's shares plunged after revealing earnings for the second quarter, reporting a $103 million net loss and a 30% decrease in revenue. The company attributed losses to a $87.8 million non-cash impairment on LSE holdings and $16.4 million in stock-based compensation.

Ethereum ETFs have been outperforming Bitcoin funds for the fifth consecutive trading day, with inflows totaling $3.37 billion over the past five days. Corporate accumulation of Ethereum, along with factors like smart contracts and staking, are driving this trend, according to market observers.

The Federal Reserve announced the discontinuation of a program overseeing U.S. banks providing crypto services, shifting to regular supervision for novel activities like crypto custody and stablecoin services.

Four individuals were arrested in Brazil for kidnapping a crypto trader's mother and demanding over $600,000 worth of Bitcoin as ransom. The gang tracked the victim's son's social media activity to target her, holding her at gunpoint until the ransom was paid.

OKX burned 279 million OKB tokens on Ethereum worth $26 billion as part of an economic upgrade, reducing the total supply to 21 million. The token's price surged over 100% initially, hitting a new high of $135.12 before retracing to $90.36.