Startup Ethena picked up on the crypto visionary's idea for a stablecoin that is fully collateralized, yet independent of the traditional financial system. The project has already received funding and onboarded a motivated team.

ConsenSys, a leading software company known for its focus on Ethereum (ETH), has launched an Ethereum scaling chain Linea, integrating Zero Knowledge technology.

EigenLayer, the Ethereum-based protocol introducing restaking as a new cryptoeconomic security primitive, has made significant strides with its mainnet launch and subsequent success.

Amid the U.S. SEC's crackdown on its native token, Polygon is intensifying the development of its network. Polygon 2.0 promises a universal value network based on interconnected L2 chains, utilizing zero-knowledge proof technology.

The Ethereum community is discussing lifting the current 32ETH cap on the validator stake. The authors of the proposal claim that the decentralization measure does not work.

Ethereum developers have approved the list of improvements to be included in Ethereum's next major update. The update is expected at the end of 2023

Major crypto subreddits such as r/CryptoCurrency and r/Bitcoin have come out in support of the two-day protest against API fees, but r/Ethereum and r/Tether still appear to be accessible.

Stablecoin usage has migrated outside of Ethereum due to the high transaction fees triggered by meme-coin hype. In light of this, the second-tier blockchains are now getting increased traction.