Bhutan Moves National ID System to Ethereum Blockchain

The Kingdom of Bhutan has become the world’s first nation to store its national identity system on the Ethereum blockchain, marking a revolutionary step in sovereign digital identity management. This groundbreaking initiative will provide approximately 800,000 citizens with self-sovereign digital identities, migrating from Polygon to leverage Ethereum’s superior security and decentralization features for enhanced government service accessibility.

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Steak ‘n Shake Rejects Ethereum Despite Community Vote

Steak ‘n Shake has reversed course on accepting Ethereum payments despite a community poll showing majority support, choosing instead to maintain its Bitcoin-only policy after facing intense backlash from Bitcoin maximalists. This strategic decision comes as the restaurant chain credits its Bitcoin adoption with driving substantial sales growth, including over 10% same-store sales increases in recent quarters, highlighting the complex dynamics between cryptocurrency communities and business strategy.

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Ethereum Foundation Launches Privacy Team, Kohaku Wallet

The Ethereum Foundation is making a strategic pivot toward enhanced privacy with the formation of a dedicated 47-member privacy cluster, signaling a major institutional commitment to developing confidential transaction capabilities within the Ethereum ecosystem. This expansion comes alongside the imminent launch of Kohaku, a privacy-centric wallet SDK, and reflects growing regulatory pressures and market demand for blockchain privacy solutions as evidenced by Zcash’s recent price surge.

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Ethereum Unveils Kohaku Wallet in Major Privacy Push

Ethereum is fundamentally reorienting its development roadmap around privacy as a core protocol feature, with the upcoming launch of the Kohaku wallet framework and formation of a dedicated 47-member Privacy Cluster. This strategic pivot, to be showcased at November’s Devcon conference in Argentina, represents Ethereum’s most comprehensive effort to date to embed transaction confidentiality directly into the blockchain’s architecture rather than treating it as an optional add-on. The initiative responds to growing market demand for privacy-preserving technologies and aims to position Ethereum as the leading blockchain for users seeking both transparency and confidentiality in their transactions.

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Ethereum’s $11B Staking Withdrawal Delays Spark Systemic Risk Fears

Ethereum’s staking network is facing unprecedented strain as validator withdrawal queues hit record levels, creating 42-day delays for $10.5 billion in locked ETH. The growing backlog has sparked concerns about systemic vulnerabilities across DeFi ecosystems where liquid staking tokens serve as critical collateral. Analysts warn the situation could trigger a ‘vicious unwinding loop’ during market stress, testing the delicate balance between network security and liquidity.

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Pepeto Raises $6.93M in Presale, Launches Staking & Exchange Demo

Pepeto, an Ethereum-based meme coin project, has raised over $6.93 million during its ongoing presale while launching key infrastructure products including a demo decentralized exchange and cross-chain bridge. The project’s 222% APY staking rewards and early product deployment strategy are drawing significant investor attention as it mirrors PEPE’s tokenomics with a 420 trillion token supply, positioning itself as a utility-focused contender in the competitive meme coin market.

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Pepeto Raises $6.93M in Presale, Launches DeFi Products

Dubai-based meme coin project Pepeto has successfully raised over $6.93 million during its ongoing presale, signaling strong investor interest in Ethereum-based tokens with tangible utility. While launching early-stage DeFi products including a demo decentralized exchange and cross-chain bridge, the project distinguishes itself from typical meme coins by offering 222% APY staking rewards during the presale phase. This development unfolds against a backdrop of significant market movements, with BNB continuing its upward trajectory and Ethereum approaching its previous all-time high, creating a dynamic environment for emerging crypto projects.

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Vitalik Buterin Sells Billions in Meme Coins, Continues Charity Pattern

Ethereum founder Vitalik Buterin has once again demonstrated his consistent approach to handling unsolicited meme coins by selling 150 billion PUPPIES tokens and 1 billion ERC20 tokens, converting approximately $128,000 worth of community-sent assets into charitable donations. This latest move continues a pattern established in 2021 when Buterin famously disposed of 500 trillion SHIB tokens sent by Shiba Inu founder Ryoshi, burning 90% and donating the remainder to COVID-19 relief efforts. The Ethereum creator has maintained this charitable disposition toward meme coins despite their potential for personal enrichment, preferring instead to redirect these unexpected windfalls toward humanitarian causes.

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Starknet Launches Bitcoin Staking with 100M STRK Incentives

Starknet has launched Bitcoin staking capabilities, allowing users to stake BTC while maintaining custody of their assets. The Ethereum layer-2 network is distributing 100 million STRK tokens to incentivize Bitcoin-related activity and position itself as Bitcoin’s financialization layer, marking a strategic pivot toward Bitcoin scaling while maintaining Ethereum compatibility.

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Vitalik Buterin Opposes EU Chat Control Law

Ethereum co-founder Vitalik Buterin has launched a public critique against the European Union’s proposed Chat Control legislation, positioning it as a fundamental threat to digital privacy. In a stark warning, Buterin argues that the law’s mandate for tech platforms to scan private messages creates dangerous surveillance backdoors that compromise security for all users. His intervention elevates a critical debate about the future of encryption and personal freedom in the digital economy, highlighting a significant clash between regulatory ambition and foundational tech principles.

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