The SEC's new FAQ provides clarification that benefits not only DeFi but also Ethereum L1 significantly. Currently, most Ethereum L2s, such as Arbitrum and Base, are still relatively centralized protocols. To meet SEC requirements (e.g., no arbitrary transaction rollbacks, centralized sequencers, multi-sig controlled upgrades), L2s may shift toward basing sequencing on L1, such as through Based Sequencing or Based Rollups. If implemented, this would enable Ethereum L1 to integrate L2s, resolve the fragmentation between L1 and L2, and lay the foundation for addressing Ethereum's value capture challenge.

Some large whales bought ETH without hesitation.

The greatest significance of decentralized platforms like Ethereum is that they offer a new alternative. One can choose to trust banks and traditional institutions, or one can choose to trust oneself. But neither option is without drawbacks. Choosing to trust oneself means accepting the corresponding responsibilities and security risks; choosing to trust banks means relying on a third party— handing over responsibility, yet also accepting their risks and rules. No solution is perfect; wanting everything is the most unrealistic thing in the world, and this is the fundamental logic long acknowledged in the crypto space: the trilemma. For most people, a hybrid approach is the most practical choice. But problems shouldn’t lead us to reject everything.

Actually, they didn’t make a mistake—they had no other options. Could they really go sell on a CEX? They deposited PROM with a notional value of $5 million into a Uniswap V2 pool with almost no ETH left, leaving only that minimal liquidity in the pool, and ended up receiving just 0.0316 ETH—less than $100. This dramatic move instantly crushed the price to the bottom of the pool. In reality, it benefited arbitrage bots: they swept up the deeply discounted PROM from the empty pool and sold it off through other pools with relatively deeper liquidity.

In terms of quantum resistance, Ethereum is the most serious and systematically coordinated among today’s leading smart contract platforms. A robust quantum-resistant migration will be one of the most critical battles in the crypto throne race over the next 3 to 10 years. Whoever secures a robust migration first will gain a strategic advantage in long-term security narratives and institutional trust.

Many people are asking: What happens to Ethereum protocol revenue? Can it really be that L2s take the sequencing fees while L1 builders extract a large portion as well? A reasonable, proportional fee share would be understandable. Currently, even Ethereum’s Glamsterdam upgrade with ePBS (EIP-7732) does not solve this issue. ePBS merely moves the auction into the protocol, eliminates trust reliance on relays, and enforces payment. It does not burn MEV, nor does it redirect builder surplus to the protocol. One proposal, EIP-8375 (ePBS Mandatory Burn of Execution Rewards), suggests burning a portion of priority fees and external builder bids. This way, more value would indirectly benefit ETH holders through burning. However, this is currently only a draft and has been excluded from the Hegotá (next fork) (rated DFI), on the grounds that reward policy requires broader ecosystem-wide discussion and cannot be decided during the fork scope finalization process. It appears that community mobilization is needed to support EIP-8375, to advance MEV burning— by burning a portion of builder bids or priority fees— thereby indirectly benefiting ETH holders through reduced supply.

This hacking incident caught Trump's attention. He said he is monitoring the situation, and several government agencies have already stepped in to track the funds.

This is the potential opportunity of Crypto + AI. AI agents are not yet mature enough. The time has come—crypto AI will become one of the most important native areas in crypto. The Ethereum ecosystem (L1/L2) will become the most critical infrastructure layer for crypto AI.

Starknet froze 428 STRK tokens worth $19. Instant legend.

Over the next one to two cycles, the core areas of the crypto space will be: 1. Traditional finance integration in crypto 2. Meme coins 3. Crypto AI