Good Morning Lions,
Ethereum's Glamsterdam upgrade forks tomorrow, and the Platåberget testnet just went live to validate the biggest changes. This isn't a routine network tweak — Enshrined Proposer-Builder Separation is a structural redesign of how validators and builders interact, and it ships with gas repricings that reshape the economics underneath the chain. The testnet runs for months, which means real-world stress-testing before mainnet commits. That tells me the Foundation is treating this as load-bearing infrastructure, not a quick patch.
Meanwhile, capital keeps flowing into Bitcoin spot products. Bitwise's flagship ETF pulled in $16.15 million yesterday and bought 250 BTC on the spot market, pushing net assets to $2.38 billion. Summer weakness is flushing out, and institutions are rotating back in. Oil's climbing for the fourth straight day on US-Iran tensions — Brent hit $91.14 and WTI cracked $85.04 — which ripples through risk appetite across the board.
The day's shape: infrastructure shipping, capital rotating, and geopolitical friction keeping leverage honest.
ETH hits $1,922 as Glamsterdam fork goes live tomorrow. Bitwise Bitcoin ETF adds $16.15M. Oil climbs on Iran tensions.
TL;DR: Ethereum's Platåberget testnet is live, stress-testing the Glamsterdam upgrade scheduled for August 20. The fork introduces Enshrined Proposer-Builder Separation and gas repricings — structural changes to validator economics. Months of testing ahead before mainnet commit.
TL;DR: Bitwise's Bitcoin ETF logged $16.15 million in single-day inflows and purchased 250 BTC on the spot market, pushing net assets to $2.38 billion. Summer weakness is flushing; institutional capital is rotating back into spot products.
TL;DR: 70% of Americans oppose local AI data center construction, and GOP candidates are now campaigning on moratoria. Rising opposition is fracturing Republican tech infrastructure support, reshaping the pro-business coalition.
TL;DR: Rillet, an AI-native accounting platform for venture-backed startups, closed a $100 million Series C at $1 billion valuation. ICONIQ led; Sequoia, Andreessen Horowitz, Bain Capital Ventures, and Battery Ventures backed the round.
TL;DR: Brent crude climbed to $91.14 per barrel and WTI reached $85.04 as US-Iran geopolitical friction amplifies concerns over Middle Eastern supply disruptions and Strait of Hormuz shipping constraints.
TL;DR: A dedicated AI product for users aged 13 to 17 rolled out with parental controls, Study Mode, and stronger safeguards against harmful content. Expanding the user base into younger demographics with guardrails.
TL;DR: Pending sales of previously owned US homes fell 2.3% in July to the lowest level since January, disappointing expectations. Elevated mortgage rates and prices continue to suppress housing demand.
Glamsterdam ships tomorrow. Watch how the builder separation reshapes MEV extraction and validator margins. The real question: does it hold under stress? We'll know in a few months. — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.
