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Ethereum co-founder Vitalik Buterin posted on the X platform, stating that the Bitcoin community deserves recognition for promoting the development of related technological concepts, including Utreexo and other UTXO (Unspent Transaction Output) state optimization solutions. The scaling route currently being explored by Ethereum is integrating the advantages of different blockchain state models in practice.Vitalik Buterin pointed out that Ethereum hopes to simultaneously leverage the advantages of UTXO model states, dynamic states, and solutions between the two, enabling the vast majority of network activities to achieve "hyperscale" while not sacrificing decentralization, ease of node operation, and censorship resistance.Vitalik Buterin stated that future Ethereum scaling is not simply about copying a certain architecture, but rather aims to enhance throughput while maintaining the openness and security of the network by combining different design philosophies. Among them, Utreexo is a state compression solution proposed by the Bitcoin ecosystem, which reduces the storage burden on nodes by introducing accumulator technology, making full node operation more lightweight, and is considered beneficial for enhancing Bitcoin's long-term scalability.

According to Coinglass data, if ETH breaks through $1,962, the cumulative short liquidation intensity on mainstream CEX will reach $233 million. Conversely, if ETH falls below $1,801, the cumulative long liquidation intensity on mainstream CEX will reach $233 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $36.4778 million, with long positions liquidated at $23.1949 million and short positions liquidated at $13.2829 million. Among them, Bitcoin long positions were liquidated at $388,300, Bitcoin short positions at $439,200, Ethereum long positions at $576,400, and Ethereum short positions at $407,100.In addition, in the last 24 hours, a total of 46,773 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $252,200.

According to Onchain Lens monitoring, a cryptocurrency whale that had been dormant for nearly two years has recently become active again, borrowing 81,640 WETH from the decentralized lending protocols Morpho and Spark, worth approximately 153.6 million USD, to execute arbitrage trades.However, this large transaction did not yield significant profits. On-chain data shows that the arbitrage operation generated only 1.88 USD in revenue, paid 1.53 USD in fees, resulting in a final net profit of only 0.36 USD.

Ethereum developer Toni Wahrstätter posted on the X platform that Ethereum core developers are planning the next annual upgrade "Hegotá," with 66 Ethereum Improvement Proposals (EIPs) currently on the candidate list. Future core developer meetings will screen these proposals to finalize the upgrade content that can be implemented, tested on the development network, deployed on the test network, and has the potential to go live in 2027. Proposals that do not make it into Hegotá will be postponed until the next hard fork, making the current screening process significantly impactful for Ethereum's future development direction.Currently, FOCIL (Fork-Choice Enforced Inclusion Lists) has been identified as one of the important upgrade contents for Hegotá. Developers believe that combining framework transactions (EIP-8141), keying Nonce (EIP-8250), and root references (EIP-8272) will help build native privacy capabilities, allowing privacy applications to operate without relying on third-party intermediaries. Additionally, enhancing scalability is also a crucial direction for Hegotá. Developers propose that it is necessary to prepare for a future increase in the Gas limit to 600 million by repricing data resources (EIP-8131, EIP-8279) and state growth costs (EIP-8368). Although these improvements are not as intuitive as privacy features, they are considered key work to promote Ethereum's scalability in the short term.Other candidate upgrades include shorter block times (EIP-8198), adjustments to the issuance mechanism (EIP-8363), anti-correlation penalty mechanisms (EIP-7716), EVM optimization and simplification, as well as discussions on the first EIPs related to zkEVM and quantum-resistant cryptography. It is reported that Hegotá cannot incorporate all the features the community expects, and the core team needs to make trade-offs between "future vision" and "near-term deliverable upgrades," with most candidate EIPs likely not making it into this upgrade. Currently, it has been 256 days since the launch of the current Glamsterdam upgrade, with the goal of completing deployment by the end of this year. Hegotá is planned to go live in 2027, and in the coming months, core developers and the community will discuss the priorities of various EIPs. Community opinions will still play a role in the screening process, and participants who support or oppose a certain EIP entering Hegotá can present their views to the core development team through public discussions.

Tether CEO Paolo Ardoino stated that Tether is currently neither building any blockchain nor has plans to build a blockchain. The company will continue to remain chain-neutral and support multiple blockchains as the transmission network for USDT.

According to Cointelegraph, the Chicago Board Options Exchange (Cboe) has submitted an application to list a 3x leveraged ETF for Bitcoin, Ethereum, gold, silver, crude oil, and natural gas.The aforementioned products cover both crypto assets and traditional commodities. If approved, they will provide investors with higher leveraged trading tools, further enriching the ETF product line in the relevant markets.

The U.S. Securities and Exchange Commission (SEC) is reviewing the rule change application submitted by Cboe BZX Exchange, involving six leveraged commodity ETFs that track the benchmark's daily performance by three times. The initial review period set by the SEC is 45 days after publication in the Federal Register.Volatility Shares LLC is the sponsor of the relevant funds, which include 3x Gold, Silver, Bitcoin, Ethereum, Crude Oil, and Natural Gas ETFs, all intended to operate under a commodity pool and not classified as investment companies. Among them, the Bitcoin and Ethereum ETFs will primarily invest in near-month and next-month futures contracts on the Chicago Mercantile Exchange (CME), rather than directly holding Bitcoin or Ethereum, and will allocate cash and cash equivalents as collateral or margin.Before the relevant products are listed, the SEC must approve the exchange rule changes, and the trust's Form S-1 registration statement must also become effective. Each fund must have at least 100,000 shares at the time of listing, and authorized participants can subscribe or redeem cash at a rate of 1,000 shares per 10,000 shares.

According to Onchain Lens monitoring, in the past day, a certain whale transferred 884.55 ETH to two new wallets, worth approximately 1.66 million dollars.Before the transfer, the whale also exchanged 493.02 ETH for 928.6 thousand USDT through CoW Protocol, worth approximately 927 thousand dollars.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.361 billion, with long positions totaling $2.622 billion, accounting for 48.9% of the holdings, and short positions totaling $2.740 billion, accounting for 51.1%. The profit and loss for long positions is -$108 million, while the profit and loss for short positions is $32.8647 million.Among them, the whale address 0xff84..1d has shorted BTC with a 40x leverage at a price of $63,581.5, currently showing an unrealized profit and loss of $1.0531 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $49.7888 million, with long positions liquidated at $28.867 million and short positions liquidated at $20.9218 million. Among them, Bitcoin long positions were liquidated at $1.0665 million, Bitcoin short positions at $0.9177 million, Ethereum long positions at $0.5491 million, and Ethereum short positions at $0.6746 million.In addition, in the last 24 hours, a total of 55,257 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $286,500.

According to Coinglass data, if ETH breaks through $1,963, the cumulative short liquidation intensity on mainstream CEX will reach $274 million. Conversely, if ETH falls below $1,801, the cumulative long liquidation intensity on mainstream CEX will reach $274 million.

Vitalik Buterin and Etherealize co-founder and CEO Vivek Raman, supported by the Ethereum Foundation, warned that Wall Street's renewed enthusiasm for private, permissioned "consortium chains" is recreating a fragmented system, undermining the interoperability and liquidity that blockchain should bring, akin to "race to the bottom." He pointed out the rise of gated networks such as Digital Asset's Canton Network, Circle's ARC, and Stripe's Tempo, reminiscent of the R3 and Hyperledger consortium chains 2.0 from years past, where institutions will ultimately find themselves in a situation of competing consortium chains, needing permission or membership to participate.Raman emphasized that the Ethereum mainnet should serve as a globally open, permissionless foundation layer similar to HTTP, where institutions can overlay permission and privacy features at the application layer or L2 to achieve maximum interoperability and liquidity. Etherealize is committed to attracting TradFi to embrace Ethereum, which has already hosted billions of dollars in tokenized assets and supported a large amount of DeFi settlements. The company received seed funding from Buterin and the foundation in January 2025 and completed a $40 million Series A financing in the same year.He cited examples such as BlackRock's new fund based on Ethereum, stating that once regulations are clear, institutional funds are more inclined towards open network tracks that are not proprietary; choosing consortium chains would require paying the consortium and being bound by its rules, with incentives for non-early members quickly fading. Christian Catalini, founder of the MIT Cryptoeconomics Lab, also pointed out that if permissioned networks driven by enterprise sales become mainstream, some competitive benefits of blockchain may not be realized.

According to Coinglass data, if ETH falls below $1,789, the cumulative long liquidation intensity on mainstream CEX will reach $469 million. Conversely, if ETH breaks above $1,963, the cumulative short liquidation intensity on mainstream CEX will reach $452 million.

According to SoSoValue data, yesterday (Eastern Time August 14), the ten Ethereum spot ETFs had no net inflows or outflows throughout the day, showing a zero change status.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.521 billion, and the ETF net asset ratio (market value compared to the total market value of Ethereum) reaches 4.64%, with a historical cumulative net inflow of $11.453 billion.

According to Onchain Lens monitoring, Ethena transferred $81.97 million USDC from its Coinbase Prime custody wallet to FalconX.Based on on-chain transaction records, this fund transfer may be related to an over-the-counter (OTC) sale. It is currently unclear whether Ethena has completed the sale.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.282 billion, with long positions of $2.58 billion, accounting for 48.84% of the holdings, and short positions of $2.702 billion, accounting for 51.16% of the holdings. The profit and loss for long positions is -$11 million, while the profit and loss for short positions is $36.0718 million.Among them, the whale address 0xff84..1d has shorted BTC with a 40x leverage at a price of $63,581.5, currently realizing an unrealized profit and loss of $1.1031 million.

Zach Pandl, the head of research at Grayscale, posted on the X platform comparing Ethereum to a "small country" and discussed the ETH issuance mechanism. He believes that Ethereum has only one core "government function": to protect property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum primarily funds network security through "seigniorage," which is the issuance of new ETH.In this framework, the stakers responsible for maintaining network security are akin to a group providing public services, as they receive rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal and monetary policy. Zach Pandl pointed out that the Ethereum community needs to decide how much "new currency" should be used to cover network security costs. More security typically means stronger protection of property rights, but at the cost of a higher ETH issuance rate and potential other risks.For example, if network security increasingly relies on a few large staking service providers, there remains room for discussion about whether these providers can maintain the asset rights of all users completely neutrally. Pandl believes that, just as in traditional economies, no one knows the "optimal level" of government spending and currency issuance; the same applies to Ethereum. However, Ethereum has several key security thresholds, including: 1/3: an attacker reaching this ratio may affect finality; 1/2: affects blockchain fork choice; 2/3: can control the finality process. Some community members believe that the design of Ethereum's monetary and fiscal policy should consider the security trade-offs brought by these key ratios, while the current mechanism has not adequately incorporated these factors. However, the above analogy is not entirely accurate, as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $166 million, with long positions liquidated at $96.4261 million and short positions liquidated at $69.1273 million. Among them, Bitcoin long positions were liquidated at $26.8053 million, Bitcoin short positions at $3.965 million, Ethereum long positions at $11.3938 million, and Ethereum short positions at $3.7955 million.In addition, in the last 24 hours, a total of 88,830 people were liquidated globally, with the largest single liquidation occurring on Binance - SNDKUSDT worth $2.0559 million.

According to Ai Yi's monitoring, a whale that built a position of $30.05 million in ETH in June is suspected of reducing its holdings. The address 0x643...CF565 deposited 7,981 ETH into FalconX 3 hours ago, worth $14.99 million; since July, a total of 10,735.8 ETH (approximately $20.04 million) has been deposited, and if sold, it would yield a profit of $2.47 million, with a cost of about $1,637.12, and a deposit price of $1,867. Currently, there are still 7,625 ETH remaining, with an unrealized profit of $1.86 million.