Ethereum’s peer-to-peer backbone faces open-source funding gap

Shipyard, a key maintainer of libp2p — the peer-to-peer networking stack underpinning Ethereum and dozens of other networks — will cease support for its Go and JavaScript implementations by Sept. 30, citing resource constraints. 

In a blog post, the team confirmed it is “working to transition stewardship to the community.”

Libp2p is the backbone of Ethereum’s peer-to-peer networking layer, providing the protocol suite that consensus clients use to discover peers, exchange messages, and propagate blocks and attestations across the network. Ethereum clients rely on libp2p’s Gossipsub pub/sub protocol to rapidly broadcast new blocks and validator votes, a process that…

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Canada seizes $56M in crypto from TradeOgre exchange

The Royal Canadian Mounted Police (RCMP) seized more than CAD $56 million in cryptocurrency from TradeOgre, marking Canada’s largest crypto seizure and the first dismantling of an exchange by domestic law enforcement.

The action, announced Thursday, followed a June 2024 referral from Europol that triggered a Money Laundering Investigative Team probe.

Investigators determined the platform contravened Canadian regulations by failing to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a money services business and by not identifying its clients.

Authorities said this anonymity attracted criminal organizations seeking to launder illicit…

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Will Bitcoin Price Defy Diminishing Returns This Cycle?

Every bitcoin price bull market to date has followed a familiar pattern of explosive upside followed by sharp drawdowns, with each cycle delivering lower percentage gains than the last. This phenomenon, known as diminishing returns, has become one of the most persistent narratives in Bitcoin. The question now is whether this cycle will follow the same trajectory or if the maturation of Bitcoin as an asset class could bend the pattern.

Bitcoin Price and Diminishing Returns

So far this cycle, we have witnessed approximately 630% BTC Growth Since Cycle Low to the most recent all-time high. That compares to more than 2,000% in the previous bull market. To match the last cycle’s…

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LATEST: Michigan Pushes Ahead With Strategic Crypto Reserve Bill Passage

Michigan has advanced its strategic crypto reserve bill, marking a significant step in embracing digital assets. House Bill 4087, introduced by Republican Representatives Bryan Posthumus and Ron Robinson, cleared its second reading on Thursday and is now with the Committee on Government Operations. The proposal would allow the state to invest up to 10% of its “countercyclical budget” and “economic stabilization fund” in cryptocurrencies.

The legislation updates the Michigan Management and Budget Act to create clear guidelines for holding a strategic crypto reserve. It permits the state to secure assets through approved custodians, exchange-traded products, or highly regulated custody solutions. Lawmakers also outlined strict security standards, including government-controlled private keys, encrypted storage, multiparty authorization, and regular audits. The state could even lend digital assets to earn extra returns without added financial risk.

Supporters see the move as forward-looking, putting Michigan alongside Massachusetts and Ohio in advancing crypto reserve legislation. While some Bitcoin advocacy groups argue the bill should be Bitcoin-only, the broader inclusion of crypto highlights growing recognition of digital assets in U.S. state policy.

LATEST: Valour Introduces Bitcoin Staking ETP At London Stock Exchange

DeFi Technologies’ subsidiary Valour has launched a Bitcoin staking exchange-traded product (ETP) on the London Stock Exchange, giving investors a fresh way to earn crypto yield. The product offers a 1.4% annual return and is secured by Bitcoin held in cold storage with multiparty computation (MCP) technology. Currently, access is limited to institutions and professional investors, while retail participation is expected after the UK lifts its ban on crypto ETNs on October 8.

Valour has not detailed how the yield will be generated, though a similar Bitcoin ETP in France uses Core Chain, an EVM-compatible blockchain backed by Bitcoin’s proof-of-work, for coin delegation. Shares of DeFi Technologies rose 5% on Nasdaq following the announcement, reflecting growing market interest in yield-bearing Bitcoin products.

The move comes as the United Kingdom signals a friendlier stance on digital assets. Reports suggest closer cooperation with the United States on crypto regulation, while trade groups are urging blockchain to be included in the UK’s tech innovation strategy.

Source

Google Cloud taps EigenLayer to bring trust to agentic payments

Two days after unveiling AP2 — a universal payment layer for AI agents that supports everything from credit cards to stablecoins — Google and EigenLayer have released details of their partnership to bring verifiability and restaking security to the stack, using Ethereum.

In addition to enabling verifiable compute and slashing-backed payment coordination, EigenCloud will support insured and sovereign AI agents, which introduce consequences for failure or deviation from specified behavior.

Sovereign agents are positioned as autonomous actors that can own property, make decisions, and execute actions independently — think smart contracts with embedded intelligence.

From… Read more on Blockworks

Coinbase adds USDC lending with Morpho on Base

Coinbase will introduce USDC lending directly within its app, allowing users to earn yields as high as 10.8% through a new onchain integration with Morpho, the company said on Thursday.

The feature, which will roll out to customers in the US (excluding New York), Bermuda, and other jurisdictions over the coming weeks, enables users to lend their USDC to borrowers on Base, Coinbase’s layer-2 blockchain.

The lending system works by creating a smart contract wallet that connects to the Morpho protocol, with Steakhouse Financial managing onchain vaults that allocate liquidity across multiple markets.

This design is meant to optimize returns while preserving user access to funds,…

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Bitcoin Rallies 2% As Analyst Outlines Q4 Ethereum, Solana, Dogecoin ‘Altcoin Season’ Roadmap

As Bitcoin BTC/USD edges closer to $118,000, prominent analyst Trader Mayne says the long-awaited 25-basis points interest rate cut clears the macro overhang and sets up one last Bitcoin-led push before an altcoin finale.

What Happened: On his podcast after the FOMC decision, Mayne argued the market can “just focus on the charts,” noting a whipsaw in the S&P 500, strength in gold and muted initial crypto reaction.

He expects the current range to resolve upward, which could “sucker more people into the market,” followed by a cleaner buying opportunity on weakness.

Structurally, Mayne still treats the higher time frame as bullish.

His trading sequence for the coming weeks: look for a final…

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Titan raises $7M seed round alongside public launch of meta-DEX aggregator

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Titan announced today a $7 million seed round led by Galaxy Ventures, with participation from Frictionless, Mirana, Ergonia, Auros, Susquehanna and several angels.

“At Galaxy Ventures, we look for teams working to build foundational infrastructure with long-term impact,” said Will Nuelle, general partner at Galaxy Ventures. “We believe Titan is creating an advanced gateway to internet capital markets on Solana.”

Titan’s raise coincides with the public launch of its frontend meta-DEX aggregator, graduating from a private beta that has processed more than $1.5 billion in spot volume….

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