Vitalik Buterin urges L1s to simplify and build as Ethereum L2s

Daily top performer — Curve Finance (CRV)



The S&P 500 futures dipped 0.1% as flat June PPI and Fed caution weighed on sentiment, while J&J beat estimates and ASML trimmed its 2026 outlook. Gold rose to $3,348 amid uncertainty about the Fed's stance and a soft US PPI, but high prices curbed Indian demand, capping gains below $3,400. The Coindesk Indices, which tracks the broader crypto market, rose 3.73%, with Bitcoin and Ether up 2.52% and 11.08%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.



Today’s top performer is CRV, up 22.0% after Curve launched on TAC, enabling DeFi trading directly within Telegram.

Curve Finance (CRV), founded in 2020, is an Ethereum-based DEX optimized for stablecoin swaps with low fees and slippage. It uses AMMs, offers yield and lending pools, and is governed by CRV token holders via a DAO. Curve is now live on TAC, an EVM layer on TON, enabling trading and liquidity provisioning directly in Telegram via a wallet-native Mini-App. This mobile-first DeFi experience requires no extensions or downloads. TAC launched with over $700M TVL and is integrating top DeFi protocols, while supporting Curve pools with incentives.



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Talk of the town



Vitalik Buterin advocates for a minimalist approach to building Ethereum Layer-2s, suggesting they focus solely on sequencing and proving transactions while leveraging Ethereum’s security and data availability. Responding to Jason Chaskin’s proposal for Layer-1s to become Ethereum L2s, Buterin emphasized simplicity over complexity to achieve trust-minimization and efficiency. The comments align with Ethereum Foundation’s push toward zkEVM integration, aiming to enhance network scalability and security through ZK-proofs.



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Bitcoin spot ETF flows





Yesterday, BTC spot ETFs saw $15.7 million in net inflows, all from non-GBTC funds, while GBTC recorded zero flow.



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Airdrop to watch

Eclipse has launched its $ES token, now live on Eclipse, Ethereum, and Solana mainnets. Airdrop claims are open at claims.eclipse.xyz until August 15, 2025. $ES will be used for gas, governance, staking, and custom sequencing, with future utility shaped by token holders.



Check out the latest prices, charts, and data of ESUSDT perp and ES/USDT spot contracts!