♢ believe in somETHing ♢

believe in somETHing

Checkpoint #5 is up! Keeping you up-to-date on the ethereum core development process with summaries every ~4-5 weeks. No tech jargon & fully organic (human-written) Covering: 🦓 The state of the Fusaka upgrade 🪩 Glamsterdam's process ⛽️ Gas limit, history expiry, etc 🔗⬇️

SharpLink Gaming now owns 438,190 ETH (up from 360,000 ETH). Accelerate!

Tom Lee's BitMine Immersion Technologies now owns 625,000 ETH (up from 566,000 ETH). Accelerate!

Today, we're setting a new standard for Ethereum Layer 2. Introducing native ETH yield, protocol-level ETH burn, and an Ethereum-native Consortium to manage the largest ecosystem fund in the space. This is how we build the Layer 2 where Ethereum wins.

NEW: SharpLink now holds ~438,190 ETH Between July 21–27, SharpLink acquired ~77,210 ETH for ~$290M at an average price of ~$3,756 ETH-per-share (“ETH Concentration”) is now ~3.40, up from ~3.06 last week, and ~70% since we began the strategy on June 2nd Cumulative staking rewards have reached ~722 ETH The asset is $ETH, the ticker is $SBET

CORRECTION: Since the Merge (1,048 days ago): 📈 416.1K ETH has been issued 📉 1.2M ETH acquired by SΞR treasuries 📉 5.8M ETH acquired by ETH ETFs 📉 2.0M ETH burned ETH SUPPLY CRISIS 🔻-8.6M ETH

Net new ETH issuance today: ~2,571 ETH ($9.7 million). Net inflows into the ETH ETFs today: ~17,549 ETH ($65.77 million). The ETH ETFs bought 7x more ETH than was net issued by the network today. Even on slow days, the ETH ETFs are gobbling up all of the supply. Accelerate!

Ethereum is turning 10. Some will use this moment to look back. But I want to invite us to look forward. To the next 10+ years.