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Crypto

Lido upgrade seeks to cut Ethereum validator count by one-third

Lido has proposed a plan to cut the number of Ethereum validators by about one-third through a staking infrastructure upgrade. The upgrade focuses on improving validator operating efficiency and decentralisation. Lido will introduce Curated Module v2 and support Ethereum 0x02 withdrawal credentials, allowing the effective balance per validator to rise from 32 ETH to as much as 2,048 ETH. Lido estimated validators could fall from about 880,000 to 628,000, though migration has not started.

Crypto

Ondo Finance launches Ondo Network, pitches offchain execution network instead of institutional layer1

Real-world asset tokenisation platform Ondo Finance has launched an offchain execution network called Ondo Network, moving away from plans for an institution-focused layer1 blockchain. Cointelegraph reported that the network processes transactions outside public blockchains and has been applied to the perpetual futures platform Ondo Perps. It runs trading software inside a protected enclave, while operators verify software integrity and share custody of digital keys used to approve transfers.

Crypto

PayPal expands agentic payments and stablecoins; second-quarter revenue beats estimates

PayPal set out stablecoins and AI-based payments as key elements of its strategy after reporting second-quarter results. Cointelegraph reported that PayPal posted revenue of $8.68 billion. Earnings per share were $1.26, down from $1.30 a year earlier and below the market estimate of $1.28. Revenue rose from $8.29 billion and exceeded the market forecast of $8.47 billion.