Vitalik: Ethereum is preparing for its largest upgrade since The Merge
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Tether burned 2.5 billion USDT on Ethereum in a single day, the largest single-day destruction since February.
According to Mars Finance, on July 8th, CryptoQuant, citing on-chain data analysis, reported that on July 7th, the Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network, the largest single burn on the network since February this year. This surpasses the $2 billion burn on May 8th and is second only to the historical high of $3.5 billion on February 10th. Simultaneously, the USDT balance flowing in and out of Binance via the Tron network fell to approximately $806 million, the lowest level since December 29th, 2025 ($391 million), falling below the $1 billion mark, indicating a significant contraction in USDT liquidity through the Binance Tron channel. While the large-scale burn by the Tether Treasury primarily reflects redemptions, fund management, or cross-chain rebalancing operations, it is not a direct market signal. However, the simultaneous contraction in Ethereum supply and Binance Tron liquidity warrants continued monitoring to see if the trend of synchronized tightening of liquidity in both stablecoin chains continues.
Vitalik Buterin outlines Ethereum's long-term roadmap, predicting Lean Ethereum will be the third major iteration.
According to ChainCatcher, Vitalik Buterin recently reported that Ethereum researchers met in Berlin and updated the protocol's long-term roadmap (strawmap.org). Vitalik pointed out that "Lean Ethereum" is not a single upgrade, but a series of improvements to be implemented in phases over the next three to four years. Its importance is comparable to a "merge," encompassing the restructuring of almost every core module of the protocol. Key features include: Verification Mechanism: Introducing recursive STARKs to replace the existing direct re-execution method, becoming a core component of the protocol at the primary level; Quantum Security: Significantly elevated priority, all quantum-fragile components will be replaced, and the quantum-safe Blob design is underway; Consensus Layer: Decoupling the available chain from finality, achieving one to two rounds of finality, resulting in better security and lower latency; State Layer: Existing dynamic states remain unchanged, but new, more scalable states (such as UTXO storage, circular buffers, etc.) will be added. It is projected that by 2030, Ethereum will have 2 TB of dynamic states + 100 TB of new states, and the migration of applications such as ERC20 and NFTs can achieve a gas fee reduction of over 10 times; Privacy: Upgraded from an additional feature to a primary goal, permeating the design of Mempool, state trees, etc.; VM: In addition to the EVM, leanISA or RISC-V will be introduced, with the long-term goal being direct at the protocol layer.
Ethereum founder Vitalik Buterin transferred 79 ETH using Railgun.
PANews reported on July 3 that, according to Onchain Lens, Ethereum co-founder Vitalik Buterin transferred 79 ETH through the privacy protocol RAILGUN, which is worth approximately $137,000 at the current price.
Bank of America: US equity funds experienced their largest weekly outflow since March, and "sell signals" have persisted for six weeks.
According to BlockBeats, Bank of America's latest weekly report, released on July 3, showed that US equity funds experienced a net outflow of $17.2 billion in the week ending July 1, marking the largest weekly net redemption since March 2026 and the second consecutive week of net outflows. Meanwhile, the Bank of America Bull/Bear Indicator rose from 9.1 to 9.5, remaining in the "extremely bullish" zone. Michael Hartnett, Bank of America's chief investment strategist, stated that the "sell signal" triggered by the indicator on May 20 remains in effect. Bank of America data shows that since 2002, the indicator has triggered "sell signals" 17 times, with global stock markets subsequently experiencing an average decline of 2% to 3% over the following 2 to 3 months, resulting in an accuracy rate of approximately 60% and a historical maximum drawdown of 15% to 20%. In terms of fund flows, investment-grade bonds attracted $17.2 billion in inflows this week, marking the 13th consecutive week of net inflows; high-yield bonds saw inflows of $3.4 billion, the largest weekly inflow since May 2025. Technology funds saw inflows of $14.3 billion this week, with year-to-date inflows potentially reaching a record $152 billion. Meanwhile, Japanese equity funds attracted $1.9 billion this week, the largest weekly inflow in nearly seven weeks. Amid outflows from US stocks, the semiconductor sector faced significant pressure, with the Philadelphia Semiconductor Index falling 11% over the past two trading days. JPMorgan strategists pointed out that the extreme overperformance of US semiconductor stocks relative to AI and hyperscale cloud computing companies has created an unsustainable valuation gap, which is expected to eventually narrow. Commodities and gold continued to be under pressure, with gold seeing outflows of $3 billion this week, marking the 7th consecutive week of outflows; cryptocurrencies saw outflows of $2 billion, the largest weekly outflow since November 2025.
Vitalik Buterin Pushes Ethereum Plan to Slash Quantum-Safe Privacy Costs
Buterin wants EIP-8288 in I-star, the upgrade after Hegota, and adopting it would make RISC-V Ethereum's canonical instruction set.
Ethereum Foundation names 2 ‘must ship’ EIPs for Hegotá upgrade
Ethereum’s Hegotá upgrade will center on FOCIL and Frame Transactions as developers weigh dozens of other proposed changes for inclusion.