LG Electronics partners with Ethereum Layer-2 protocol Arbitrum to develop a proprietary blockchain network. The low-cost transaction batching infrastructure will support an advertising platform scheduled for market exploration later this year.
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Ethereum Institutional has launched a core team recruitment drive, focusing on institutional market development and technical positions.
According to Foresight News , Ethereum Institutional, a non-profit organization focused on Ethereum, is hiring to build its core team. The hiring focus in the coming weeks will be on technical roles such as General Market Development (GTM) in major financial centers, marketing and community engagement, and solutions architecture and technical project leadership. According to a previous report by Foresight News , Ethereum Institutional was officially established on July 1, positioned as an institutional-level unified entry point for the Ethereum ecosystem.
Sophia Dew, a developer relations member at the Ethereum Foundation, has announced her departure.
According to Mars Finance, on July 8th, Sophia Dew, a developer relations member at the Ethereum Foundation (EF), announced that this week will be her last week serving full-time at the Ethereum Foundation. Dew has been active in the Ethereum ecosystem for the past four years. She stated, "I remain very optimistic about the future of Ethereum. It truly is one of the most powerful and cohesive ecosystems ever."
NEAR Protocol introduces Confidential Intents, enabling developers to integrate confidential execution capabilities.
PANews reported on July 8th that NEAR Protocol announced the launch of Confidential Intents, opening up NEAR's confidential execution infrastructure to all developers. Developers and dApps can provide users with confidential transaction functionality through the NEAR Intents 1Click Swap API. NEAR stated that Confidential Intents uses encryption rather than proof generation, requiring no client-side proof and not increasing wallet complexity; each user's data is individually encrypted rather than pooled obfuscation. Integration only requires adding one parameter, without rebuilding. Over $1.5 billion in ZEC has already been settled through NEAR Intents, and within weeks of its launch, 42% of transaction volume used confidential mode, with daily confidential TVL exceeding $30 million.
Michael Saylor: The biggest evolution for Bitcoin over the next decade will be stability at the protocol layer and expansion at the capital markets and application layers.
According to BlockBeats, on July 5th, Michael Saylor published an article stating that the biggest evolution of Bitcoin over the next decade will come from fewer changes at the protocol layer and a greater role in other areas. He believes that the Bitcoin base layer will become more robust, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will be built on top of Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform racing to add features; it is a monetary network whose purpose is not to act quickly and break things, but to move slowly and without disruption. Saylor stated that Bitcoin has won its first major battle, and the world is increasingly understanding that Bitcoin is digital capital with attributes such as scarcity, durability, portability, divisibility, programmability, and global transferability. The strongest version of Bitcoin is not to "replace all payment tracks," but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The base layer is not optimized for coffee payments, but designed for final settlement, reserve assets, collateral settlement, and final transfer of ownership. He believes that the four-year Bitcoin cycle is still important, but no longer the dominant model. Over the next decade, Bitcoin's price movements will be driven less by miner issuance and more by capital flows from ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halvings will tighten supply, while capital flows will determine the growth trajectory. Digital lending will accelerate Bitcoin adoption, connecting Bitcoin capital to the broader financial system. Saylor states that the main issue for the next decade is not whether Bitcoin will survive, but whether economic exposure will remain linked to real Bitcoin or create too much "paper Bitcoin." Custody transparency, proof-of-reserve, risk management, capital structure, and counterparty risk will all become crucial. He predicts that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and a major collateral asset in the digital lending market; while the underlying protocol itself may change less than anything else built around it.
Hinkal's privacy protocol has suspended affected smart contracts due to abnormal USDC transactions on the Ethereum blockchain.
Odaily Odaily reports that decentralized privacy protocol Hinkal Protocol has announced it has noticed unusual activity involving USDC on the Ethereum network within its system. Currently, this only affects the Ethereum blockchain; other chains are unaffected. As a precaution, affected smart contracts have been suspended, and a comprehensive investigation and analysis of related on-chain transactions and activities is underway. The investigation is ongoing, and updates will be released as information becomes available. Previously, it was reported that Hinkal suffered a loss of $800,000 due to a suspicious USDC transaction.
Onyx: Layer 3 will be deprecated and shut down by the end of 2026, with a shift in focus to Onyx Layer 1.
According to Foresight News , Onyx Protocol announced that Onyx Layer 3 (XCN Ledger) will be deprecated and shut down on December 31, 2026, and development will shift entirely to Onyx Layer 1. Onyx stated that this transition will not change XCN itself. Ethereum ERC-20 contracts will remain the primary representation of XCN, and holders will continue to cross-chain asset transfers between Ethereum and Onyx Layer 1 as needed. As part of this transition, XCN holders will be able to seamlessly bridge their Ethereum-based XCNs to Onyx Layer 1, enabling participation in staking, applications, and future network features.