Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, Tech & Protocols de Coindesk reporter.
In this number:
- Ethereum at 10: Where is it for the world computer?
- Line to burn ETH with each transaction in bold L2 update
- Solana players reveal the road map ‘Internet capital markets’
- Square begins the deployment of Bitcoin payments for sellers, points to full availability by 2026
Network news
10 years of Ethereum: When Ethereum launched on July 30, 2015, it set out to be more than another cryptocurrency. Its objective was to expand the limits of blockchain technology itself. While Bitcoin became digital gold, Ethereum followed a more expansive vision: being a decentralized, programmable, extensible and open “world computer. A decade later, Ethereum has transformed finance, culture and software. Along the way, he has faced existential crises, volatile and fierce markets internal debates. Now, it is located at the cusp of a new era, one that can see it completely accepted by traditional finances. Ethereum has seen an increase in the last two months as the project reaches the 10 -year milestone, with the price of Ethher (ETH) bouncing to reach $ 3,800 in July, after languishing around $ 1,500 as recnered as April. In recent months, the ecosystem has seen a new wave of use cases that include the token and growth of the stable, and the network also benefited from the trend of companies that have ETH in their treasure bonds, not only for long -term value, but to gain performance. On the anniversary, the main players of the Ethereum ecosystem intervene in the last 10 years. – Margaux Nijkerk Read more.
The integral line protocol changes: Line, an Ethereum Layer-2 network incubated by Consensys, has presented an integral set of updates designed to integrate the network more deeply into the economic and ideological fabric of layer 1. The updated line of line of line, is expected to be deployed in October 2025, introduces a native ETH participation in bridge assets, a mechanism of ETH burns at the protocol and 85% allocation of its ecosystem development tokens supply. This movement occurs when the impulse in the Ethereum ecosystem is being built, thanks to the growing institutional interest. The line of line wrote in a press release shared with Coindesk that their updates “will position Ethereum to meet the needs of sophisticated capital as Tradfi begins to Board to Defi and will reinforce line as an important home of future innovations in capital markets in chain, stake and infrastructure.” The team states that of the updates, line will become the first layer 2 in burning ETH at the protocol level and committing 20% of net transaction rates to reduce Ethereum’s supply. The remaining 80% of the rates will be used to burn line tokens, which are limited in the supply, embeding the deflationary pressure directly in the network activity. “Mainnet line will burn ETH with all transactions, use the line token to support users, builders and public goods, and return the value to the Ethereum base layer, all while a long -term value grows in the economy based on line tokens,” said Declan Fox, head of Linea, in the press release. – Margaux Nijkerk Read more.
Solana players reveal the road map ‘Internet capital markets’: The Solana ecosystem is merging around an updated vision that its architects call “Internet capital markets”, a high -performance decentralized base for the next generation of chain financial applications. Although the network has long focused on increasing bandwidth and cutting latency, its last roadmap is submerged in market microstructure, arguing that the next leap forward lies in giving the applications a granular control over the execution of the transaction. The road map, which was co -author of leaders of the Solana Foundation, Anza, Jito Labs, Doublezero, Drift and Multicoin Capital, focuses on the execution controlled by applications (ACE), which will give the milisecond level authority of intelligent contracts on the sequence of transactions. “In our conversations with teams from all over the ecosystem, market microstructure is the most important problem in Solana today,” the authors wrote. The new road map, published by Anza, a central collaborator of the Solana block chain, describes six critical compensation dimensions: privacy versus transparency, velocity springs versus trade without restrictions, inclusion versus purpose versus latency, placement versus geographic decentralization, creators manufacturers against which priorities and flexible priorities dawn. – Margaux Nijkerk Read more.
Square begins the launch of BTC payments for sellers: Jack DORSEY’S SQUARE (XYZ) has begun launching Bitcoin payments for merchants on their network. Square began incorporating the first sellers, which allowed them to accept BTC payments with customer -ray networks, Owen Jennings, executive officer of the Square Matrix Company (XYZ), published in X last week. Payments are resolved in a real time with Lightning of Bitcoin layer 2, with the square processing of the exchange in Fiat. Square plans to make the service available to all merchants using their sales platform for next year. The company tested the system at the 2025 Bitcoin Conference in Las Vegas in May, allowing attendees to buy BTC scanning a barcode. – Jamie Crawley Read more.
In other news
- Strategy (MSTR), Bitcoin’s largest corporate owner said he has acquired approximately $ 2.4 billion in BTC using the funds of his new issuance of preferred shares (STRC). The firm sold almost $ 2.5 billion in STRC, also called “stretching”, significantly more than the originally planned $ 500 million. Strc, whose objective is to deliver a regular dividend to investors initially established at a rate of 9%, will begin to quote Wednesday in Nasdaq. With the income, the company bought 21,021 BTC at an average price of $ 117,256, according to a press release. That takes the Bitcoin strategy holdings at 628,791 BTC, for a value of almost $ 74 billion at current prices. – Krisztian Sandor Read more.
- Sharplink Gaming (Sbet), the signing of the cryptographic treasure that is quoted in Nasdaq, directed by the co -founder and CEO of Consensys Joseph Lubin, revealed that their ether holdings (ETH) increased to 438,190 tokens, with a value of approximately $ 1.68 billion at current prices. The company bought 77,209 Ethher (ETH), or $ 297 million, during the week ending on July 27. He has also raised $ 279 million by selling shares, taking advantage of the capital installation in the market. The Minneapolis -based firm has followed an aggressive treasury strategy since its end of May, raising funds to accumulate the second largest cryptocurrency and rethink the tokens in exchange for rewards. The firm said it has won 722 ETH since then. – Kristzian Sandor Read more.
Regulatory and political
- The most reliable United States Senate ally in the digital asset industry, Cynthia Lummis, has presented its latest cryptographic bill, which would guarantee that mortgage borrowers can use their cryptocurrency holdings to help ensure their loans. Last month, the director of the Federal Housing Finance Agency, Williamuff, ordered the mortgage giants backed by the government Fannie Mae and Freddie Mac to occur to them proposals that detail how they can include cryptographic to underpin a mortgage. Lummis’s bill “would allow the holdings of a borrower in a digital asset, evidenced and maintained in accordance with a qualified custody agreement, they are included in the reserves of a borrower without conversion of the digital asset in dollars of the United States”, essentially coding what the fing is already looking for. “This legislation covers an innovative path towards the construction of wealth, taking into account the growing number of young Americans who have digital assets,” Lummis said in a statement, which suggests that these assets could help close the gap to the property of the house in another unattainable way. – Jesse Hamilton Read more.
- Roman Storm, the cash tornado developer remains in Manhattan for the positions that the privacy tool he created helped the computer pirates and other cybercriminals to wash more than $ 1 billion in criminal revenues, will not take the position, their lawyers said to the court. Storm told the Katherine Polk Failla district judge of the United States District Court of the Southern District of New York (SDNY) that he was aware that he had the right to testify in his own defense, but decided not to do so. After Storm made his decision, his defense team, led by Keri Axel and Brian Klein from Waymaker LLP, rested his case on Tuesday afternoon. – Cheyenne Ligón Read more.
Calendar
- September 22-28: Korea Bloquchain Week, Seoul
- October 1: Token2049, Singapore
- October 13-15: Digital Asset Summit, London
- October 16-17: Blockchain European Convention, Barcelona
- November 17-22: Devconnect, Buenos Aires
- December 11-13: Solana Breakpoint, Abu Dhabi
- February 10-12, 2026: Consensus, Hong Kong
- May 5, 2026: Consensus, Miami
