
Glamsterdam Devnet-7 Tests a 300M Gas Limit
Ethereum's final Glamsterdam devnet went live on July 14 testing a 300 million block gas limit, five times mainnet, with state access repriced to match.
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Ethereum's final Glamsterdam devnet went live on July 14 testing a 300 million block gas limit, five times mainnet, with state access repriced to match.

Cambridge measured Ethereum at 7.87 gigawatt-hours a year and 0.90 megawatts of continuous demand, more than 99.9% below its pre-Merge level.

Vitalik Buterin's July 6 post would cut on-chain validator state to about 6 bytes using daily ZK-STARK proofs. Researchers back it, but call 3-4 years slow.

A new nonprofit backed by BitMine, SharpLink Gaming and Joseph Lubin takes on institutional outreach for Ethereum, days after the Foundation cut that work back.

The Ethereum Foundation confirmed its largest-ever restructuring: 54 roles gone, about 20% of staff, and a 2026 budget cut of roughly 40%. Co-Executive Director Hsiao-Wei Wang resigned, and Privacy and Scaling Explorations is being wound down.

Taiko stopped block production and froze its bridge on June 22 after forged withdrawal proofs drained about $1.7 million, traced to a leaked SGX signing key.

The latest report on BitMine Ethereum accumulation highlights a significant strategic divergence: despite recording a $3.8B loss, the company doubled down on ETH staking positions.

Despite the broader market correction, major funds are actively increasing their positions in Ethereum and Solana -- a sign that institutional conviction in Layer-1s remains intact heading into Q2.

Executive summary: Bitcoin surged 7.5% overnight, hitting a local high above 72,700. Ethereum and Solana followed with double-digit moves. Here's the breakdown of what happened and why.