A busy week across crypto projects brought updates in protocol design, governance, lending products, wallet security and payment infrastructure. Robinhood Chain posted $3.13 million in daily NFT volume, overtaking Ethereum, while its average daily transactions hit 11.6 million and TVL rose to $473 million. ENS token holders passed and executed the “Next Era of ENS DAO” proposal, turning ENS Foundation into a formal operating body with a full-time executive director, staff and a five-member board. On Solana, Jupiter rolled out Lend v2, a lending upgrade that lets deposited and borrowed assets also serve as trading liquidity. Other notable developments included Ethereum Foundation researcher Justin Drake saying Ethereum L1 will stop pursuing Poseidon and instead move toward SHA or BLAKE-based hashing options; Hyperliquid outlining a plan to route idle HLP USDC into its native lending pool; Uniswap redirecting creator fees tied to a test token into an automatic buyback-and-burn contract; UniSat raising the default seed phrase length for new wallets from 12 words to 24; a USENIX study finding security-rule violations across 15 x402 payment providers; MegaETH’s native stablecoin USDm dropping to roughly $18 million in supply from a peak near $600 million in May; and World Liberty Financial delaying a yield-token launch tied to a Trump-branded Maldives resort project.

ENS token holders have approved the proposal titled "The Next Era of ENS DAO," and the executable components have already been carried out onchain. The change turns the ENS Foundation into a fully operating legal entity with an executive director, staff, and a five-member board, giving it the ability to represent ENS in settings where a DAO alone could not act. According to the proposal description, the foundation can now engage directly with institutions such as ICANN, IETF, and W3C, pursue recognition and stewardship of the .ens top-level domain, meet regulators and lawmakers on issues tied to decentralized naming, hold and defend ENS trademarks and brand assets, hire full-time staff, and serve as a clear counterparty for courts, registries, standards bodies, and other institutions. The overhaul also sets boundaries. ENS Labs and the ENS Foundation remain separate legal and operational entities. DAO-held ENS tokens, which account for 54.6% of total supply, stay under token-holder control, with one approved exception: a one-time transfer of 1 million ENS to the foundation for employee compensation under a public framework. The endowment funded by .eth registration revenue stays in place, and related transactions are now subject to a nine-day timelock during which the ENS Security Council can cancel any transaction that falls outside the foundation’s mandate.

ENS tokenholders have approved and executed a sweeping governance proposal that turns the ENS Foundation into a staffed organization with a full-time executive director, a five-member board, and onchain control over the DAO’s endowment. The vote passed with 1,269,420 ENS in favor and 480,690 against, clearing the 1 million-token quorum, and was executed early Tuesday. At the center of the dispute was custody. The proposal replaces the Endowment Safe’s sole owner with a new timelock contract that carries a nine-day delay, while giving proposal power only to the Foundation’s 3-of-5 multisig. The Security Council can cancel queued transactions with five of eight signatures, but that safeguard expires on Aug. 7, 2028. Critics, including ENS co-founder Alex Van de Sande and governance security firm Blockful, said important constraints such as draw limits and budget caps were written only in the proposal text and not enforced in code. The proposal also transfers 1 million ENS to the Foundation for employee compensation under a published vesting framework, worth about $4.2 million at current prices. The DAO still retains control of roughly 54.6 million ENS and an operational wallet holding about $16 million in ETH and stablecoins. The change lands after months of governance tensions over voting concentration, ENS Labs’ role, and the structure of oversight inside the ENS ecosystem.

ENS token holders have approved the “ENS DAO New Era” proposal, and the implementation has already been executed on-chain, formally turning the ENS Foundation into an independently operating entity. Under the new structure, the foundation will have a full-time executive director, dedicated staff, and a five-member board. Its remit includes representing ENS in organizations and standards bodies such as ICANN, IETF, and W3C, handling matters tied to the “.ens” top-level domain, and taking on policy outreach, intellectual property protection, hiring, ecosystem grants, and other offline operational functions. ENS said the change lets ENS Labs focus more closely on protocol and product development, including core infrastructure such as ENSv2. The new governance model separates responsibilities across ENS DAO, the ENS Foundation, and ENS Labs. ENS also said the Endowment backed by .eth registration revenue remains unchanged, with transactions subject to a nine-day timelock, while the ENS Security Council can cancel actions that exceed the foundation’s authority. ENS DAO’s holdings, equal to 54.6% of total ENS supply, remain under DAO and token-holder control, except for a one-time transfer of 1 million ENS to the foundation to pay staff under a public compensation framework.

The ENS DAO has voted to approve the 'Next Era of ENS DAO' proposal and completed its on-chain execution, formally establishing the ENS Foundation. The foundation will operate as a fully staffed organization with an executive director, a professional team, and a five-member board, taking on institutional responsibilities spanning legal affairs, policy engagement, standards development, and brand protection. ENS noted that while it has grown into key Ethereum infrastructure with millions of registered domain names and broad integration across wallets, applications, and Layer 2 networks, the DAO lacked a legal identity, which limited its ability to participate in internet naming governance, sign institutional agreements, hire full-time employees, maintain trademark rights, or join regulatory discussions. The new foundation is designed to fill that gap. Its future duties include representing ENS at ICANN, IETF, and W3C to advance recognition and management of the '.ens' top-level domain; engaging with regulators and government bodies as a legal entity; safeguarding ENS trademarks and intellectual property against phishing and impersonation; hiring full-time staff to run ecosystem operations, grants, and treasury management; and serving as the formal cooperation interface between traditional institutions such as registrars and standards organizations and the ENS ecosystem.

The Taiwan Association for Blockchain Ecosystem Innovation, or TABEI, will host the Trustworthy AI Hackathon in Taipei from Aug. 29 to 31, with total prize money starting at $12,000 and applications open until Aug. 5. The event will take place at N24 Taipei Ark in Nangang and will accept up to 20 teams. This year, individual applications are allowed for the first time, and selected participants without a team will be matched before the competition into groups of three to five. The written screening stage does not require a prototype. Instead, applicants will be evaluated on a problem statement and a proposed solution, each capped at 300 words. According to ABMedia, the event is built around the theme “Building the trust layer for the AI-Agent economy,” focusing on questions of identity, authorization, revocation, and auditability as AI agents begin to query systems, place orders, submit documents, and sign on behalf of people and organizations. Organizers said the technical foundation for these issues overlaps with areas long developed by blockchain and privacy communities, including decentralized identifiers, verifiable credentials, selective disclosure, zero-knowledge proofs, federated learning, and differential privacy. Two prior discussion sessions, held on June 5 and July 16, produced six challenge tracks covering manufacturing and trade, digital payments and finance, medical insurance, government services, inclusive finance, and supply-chain compliance.

bcTanji’s report, citing Chainalysis, reveals that roughly 20% of Bitcoin’s supply is permanently locked due to lost private keys. The research explores passkey wallets built on WebAuthn to replace seed phrases, despite curve incompatibility and platform dependency trade-offs.

Publicly traded crypto firm Exodus Movement has sued W3C and its CEO Garth Howat in Delaware Chancery Court, seeking to enforce a $175 million acquisition agreement signed in November 2025, alleging the defendants received an $80 million loan and then attempted to breach the contract.