Friday is a great day to take some time to reflect on and discuss some of the major news from the past week. From Ethereum’s anniversary to PayPal’s plans for cryptocurrency payments, there has been a lot to talk about. We won’t spend too much time on introductions, so we can move right into the main topics of discussion.
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Vitalik Buterin Outlines Ethereum’s 10-Year Vision
This Thursday, Ethereum co-founder Vitalik Buterin shared his roadmap for the next decade, highlighting scalability, security, and decentralization as Ethereum’s core priorities. As Ethereum marks its 10th anniversary on mainnet on the 30th of July, Buterin emphasized the importance of Layer 2 solutions, zero-knowledge proofs (zk-rollups), and further decentralization.
The main goal of Ethereum for the next decade is to ensure the smooth operation of the network to preserve the digital autonomy of users.
No doubt, this vision strengthens Ethereum’s position as the backbone of Web3 development and smart contracts.
Coinbase Launches Tokenized Stock Trading & Prediction Market
This week, Coinbase is expanding beyond traditional crypto trading by introducing tokenized stock trading and a decentralized prediction platform.
In the near future, customers will have access to tokenized stocks, market forecasts, derivatives, and pre-sales of tokens.
Max Branzburg, vice president of products at Coinbase, added in an interview with CNBC that the platform “lays the foundations for a faster, more accessible and global economy.”
As the community says, this move aims to blend DeFi with traditional finance, allowing users to trade fractionalized stocks on-chain and participate in market forecasting. The launch is a big step for the tokenization of real-world assets and Web3 utility.
PayPal Introduces Crypto Payments for U.S. Businesses
On Monday, PayPal is rolling out crypto payment solutions for U.S.-based businesses, enabling them to accept Bitcoin, Ethereum, and other digital currencies directly. According to the press release, the main advantage of the service is to reduce the cost of cross-border transactions by up to 90% compared to classic bank transfers and card payments.
Until July 2026, the commission will be 0.99% for the transfer. Then it will be increased to 1.5%. This is lower than the average credit card rate in the United States. According to the Nilson Report, it was 1.57% in 2024.
It is expected that Pay with Crypto will become available to American merchants in the coming weeks.
Ethereum Mainnet Celebrates 10 Years
Coming back to Ethereum news. Ethereum’s mainnet turned 10 this week, marking a decade of decentralized innovation. Since its launch, Ethereum has powered DeFi, NFTs, DAOs, and thousands of dApps.
EF noted that the launch of the blockchain has opened up new opportunities for the Internet. It has led to innovations in the fields of finance and property law programming.
In addition, a live broadcast dedicated to the celebration was held on July 30. As part of the stream, participants recalled the history of Ethereum and discussув the next decade of the project. Vitalik Buterin, Joseph Lubin, Tim Beiko, and other developers from all over the world were among the speakers.
So, as we see, Ethereum’s network community continues to drive progress, focusing on Ethereum 2.0 upgrades, scalability, and sustainability, ensuring Ethereum remains a top Layer 1 blockchain for Web3 applications.
Altcoin Season Approaches
And at the end of the digest, let’s talk a little bit about altcoins. Analysts at Sygnum suggest that the next altcoin season is on the horizon.
In the first half of the year, international political tensions and uncertainty in the U.S. financial strategy led to a massive sell-off of alternative coins. They pointed to a 6% decline in BTC’s dominance over the past month. The indicator has deviated from the highs of 2021. This hints at the growing interest of investors in relation to altcoins.
As experts suggest, Ethereum’s dominance, combined with growing interest in Layer 2 solutions and DeFi applications, is setting the stage for altcoin growth. As a result, it could lead to significant market opportunities for investors and developers focused on alternative blockchain ecosystems.
Final Thought
To wrap it up, from the price fluctuations of BTC, the increasing prominence of Ethereum, and the altcoins huge potential for the next run, – the situation on the crypto market changes every week.
For this reason, we remind you that you should keep your finger on the pulse and monitor possible trends and changes even at the stage of their origin! And this applies not only to investing, but also to developing products for the Web3 sphere.
Evercode Lab’s team can help you develop a trendy, future-proof, secure Web3 product that will drive the crypto market. If you want to explore the new opportunities of your service and discover the full potential of the crypto market and Web3 solutions, please contact our team today!