Latest news with #Linea
Yahoo
30-07-2025
- Business
- Yahoo
The Protocol: Ethereum Turns Ten
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Margaux Nijkerk, CoinDesk's Tech & Protocols reporter. In this issue: Ethereum At 10: Where Next For The World Computer? Linea to Burn ETH With Every Transaction in Bold L2 Upgrade Solana Players Unveil 'Internet Capital Markets' Roadmap Square Begins Rollout of Bitcoin Payments for Sellers, Targets Full Availability by 2026 Unknown block type "divider", specify a component for it in the ` option Network news 10 YEARS OF ETHEREUM: When Ethereum launched on July 30, 2015, it set out to be more than just another cryptocurrency. It aimed to expand the boundaries of blockchain technology itself. While Bitcoin became digital gold, Ethereum pursued a more expansive vision: to be a decentralized 'World Computer'—programmable, extensible, and open-ended. A decade later, Ethereum has transformed finance, culture and software. Along the way, it has faced existential crises, volatile markets and fierce internal debates. Now, it stands on the cusp of a new era—one that may see it fully embraced by traditional finance. Ethereum has seen an uptick in the last two months as the project hits the 10 year milestone, with the price of ether (ETH) rebounding to reach $3,800 in July, after it languishing around $1,500 as recnetly as April. Over the last few months, the ecosystem has seen a new wave of use cases including tokenization and stablecoin growth, and the network also benefited from the trend of companies holding ETH in their treasuries, not just for long-term value, but to earn yield. On the anniversary, leading players from Ethereum's ecosystem weigh in on the last 10 years. — Margaux Nijkerk Read more. LINEA'S COMPREHENSIVE PROTOCOL CHANGES: Linea, an Ethereum layer-2 network incubated by Consensys, has unveiled a comprehensive suite of upgrades designed to embed the network deeper into the layer 1's economic and ideological fabric. Linea's updated road map, expected to roll out in October 2025, introduces ETH-native staking on bridged assets, a protocol-level ETH burn mechanism, and the allocation of 85% of its token supply to ecosystem development. This move comes as momentum in the Ethereum ecosystem is building, thanks to the growing institutional interest. The Linea team wrote in a press release shared with CoinDesk that their updates will 'position Ethereum to meet the needs of sophisticated capital as TradFi begins to onboard to DeFi, and reinforce Linea as a major home of future innovations in on-chain capital markets, staking, and infrastructure.' The team claims that of the updates, Linea will become the first layer 2 to burn ETH at the protocol level and commit 20% of net transaction fees toward reducing Ethereum supply. The remaining 80% of fees will be used to burn LINEA tokens, which are capped in supply, embedding deflationary pressure directly into network activity. 'Linea Mainnet will burn ETH with every transaction, use the LINEA token to support users, builders, and public goods, and return value to Ethereum's base layer, all while growing long-term value in the LINEA token-based economy,' said Declan Fox, Head of Linea, in the press release. — Margaux Nijkerk Read more. SOLANA PLAYERS UNVEIL 'INTERNET CAPITAL MARKETS' ROADMAP: Solana's ecosystem is coalescing around an updated vision its architects call 'Internet Capital Markets'—a decentralized, high-performance foundation for the next generation of on-chain financial applications. While the network has long focused on boosting bandwidth and slashing latency, its latest roadmap dives deep into market microstructure, arguing that the next leap forward lies in giving applications granular control over transaction execution. The roadmap, which was coauthored from leaders of the Solana Foundation, Anza, Jito Labs, DoubleZero, Drift and Multicoin Capital, centers on Application-Controlled Execution (ACE), which will give smart contracts millisecond-level authority over transaction sequencing. 'In our conversations with teams across the ecosystem, market microstructure is the single most important problem in Solana today,' the authors wrote. The new roadmap, published by Anza, a core contributor to the Solana blockchain, outlines six critical tradeoff dimensions: privacy vs. transparency, speedbumps vs. unfettered trading, inclusion vs. finality vs. latency, colocation vs. geographic decentralization, makers-first vs. takers-first priorities and flexible vs. opinionated architecture. — Margaux Nijkerk Read more. SQUARE BEGINS ROLLOUT OF BTC PAYMENTS FOR SELLERS: Jack Dorsey's Square (XYZ) has begun the rollout of bitcoin payments for merchants on its network. Square began onboarding the first sellers, enabling them to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer at Square's parent company Block (XYZ), posted on X last week. Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat. Square plans to make the service available to all merchants using its sales platform by next year. The company piloted the system at the Bitcoin 2025 conference in Las Vegas in May, allowing attendees to make purchases in BTC by scanning a barcode. — Jamie Crawley Read more. Unknown block type "divider", specify a component for it in the ` option In Other News Strategy (MSTR), the largest corporate owner of bitcoin said it has acquired roughly $2.4 billion worth of BTC using the funds from its new preferred stock (STRC) issuance. The firm sold nearly $2.5 billion worth of STRC, also dubbed "stretch," to investors, significantly more than the originally planned $500 million. STRC, which aims to deliver a regular dividend to investors initially set at a 9% rate, will start trading on Wednesday on Nasdaq. With the proceeds, the company purchased 21,021 BTC at an average price of $117,256, according to a press release. That brings Strategy's bitcoin holdings to 628,791 BTC, worth nearly $74 billion at current prices. — Krisztian Sandor Read more. SharpLink Gaming (SBET), the Nasdaq-listed crypto treasury firm helmed by Ethereum co-founder and ConsenSys CEO Joseph Lubin, unveiled that its ether (ETH) holdings increased to 438,190 tokens, worth roughly $1.68 billion at current prices. The company bought 77,209 ether (ETH), or $297 million, through the week ending on July 27. It has also raised $279 million by selling shares, tapping at-the-market equity facility. The Minneapolis-based firm has pursued an aggressive treasury strategy since its late May pivot, raising funds to accumulate the second-largest cryptocurrency and staking the tokens in exchange for rewards. The firm said it has earned 722 ETH since then. — Kristzian Sandor Read more. Unknown block type "divider", specify a component for it in the ` option Regulatory and Policy The digital assets industry's most reliable U.S. Senate ally, Cynthia Lummis, has introduced her latest crypto bill, which would ensure mortgage borrowers could use their cryptocurrency holdings to help secure their loans. Last month, Federal Housing Finance Agency Director William Pulte directed government-backed mortgage giants Fannie Mae and Freddie Mac to come up with proposals detailing how they can include crypto holdings to underpin a mortgage. Lummis' bill would "permit the holdings of a borrower in a digital asset, evidenced and maintained pursuant to a qualified custodial arrangement, to be included in the reserves of a borrower without conversion of the digital asset to United States dollars" — essentially codifying what Pulte is already seeking. "This legislation embraces an innovative path to wealth-building, keeping in mind the growing number of young Americans who possess digital assets," Lummis said in a statement, suggesting those assets might help bridge the gap to otherwise unobtainable home ownership. — Jesse Hamilton Read more. Roman Storm, the Tornado Cash developer standing trial in Manhattan on charges that the privacy tool he created helped hackers and other cyber criminals launder more than $1 billion in criminal proceeds, won't take the stand, his lawyers told the court. Storm told District Judge Katherine Polk Failla of the U.S. District Court of the Southern District of New York (SDNY) that he was aware that he had the right to testify in his own defense but chose not to. After Storm made his decision, his defense team, led by Keri Axel and Brian Klein of Waymaker LLP, rested their case on Tuesday afternoon. — Cheyenne Ligon Read more. Unknown block type "divider", specify a component for it in the ` option Calendar Sept. 22-28: Korea Blockchain Week, Seoul Oct. 1-2: Token2049, Singapore Oct. 13-15: Digital Asset Summit, London Oct. 16-17: European Blockchain Convention, Barcelona Nov. 17-22: Devconnect, Buenos Aires Dec. 11-13: Solana Breakpoint, Abu Dhabi Feb. 10-12, 2026: Consensus, Hong Kong May 5-7, 2026: Consensus, Miami Sign in to access your portfolio
Business Insider
09-07-2025
- Business
- Business Insider
Status Unveils First Gasless L2 on Linea With 100% Community Yield Allocation Mechanism
The new Status L2 rewrites rollup economics by replacing sequencer fees with native yield and native app revenues, unlocking friction-free onboarding for games, social apps and DeFi. Status (SNT), a pioneer in decentralised communication since 2017, has launched the world's first natively gasless Layer 2 on testnet, built on Consensys' Linea stack, the leading high-performance zkEVM rollup. This marks a major milestone for Ethereum scalability and sustainability as Status Network introduces a radically different revenue model: eliminating transaction fees entirely while funding builders and liquidity providers through bridged yield and native app fees. Users can follow Status for updates: As transaction costs across L2s are currently trending towards zero, Status Network breaks from sequencer fee dependence and instead earns revenue from yield-bearing bridged assets and native application activity. 'We designed Status Network so developers can ship games, seamless social experiences, and DeFi protocols without forcing users to preload gas or builders to manage paymaster contracts,' said Cyprien Grau, Lead at Status Network. 'By rehypothecating yield-bearing TVL and sharing every cent of net yield with the community, we're aligning incentives for all L2 stakeholders: builders get funding, LPs get sustainable returns, and users get a true free-to-play blockchain.' Status Network carries forward the founding principles of the original Status app: privacy, sovereignty, and open access. It's designed as a seamless, high-performance platform where communities can exchange, build, and govern freely. Users can learn more about Status Network: A Business Model Built for the Next Decade Yield, not gas: Bridged ETH and stablecoins are converted into yield-bearing equivalents (e.g., stETH, sDAI). The protocol captures that yield along with fees from native apps rather than relying on sequencer revenues. Sustainable flywheel: Gasless UX and organic yield attract more users, deposits, and app usage, generating a higher native L2 yield, attracting yet more users. And, pending governance approval, part of that native yield can be used to fuel SNT buy-backs and burns, further aligning the Status community with the success of the network. The ongoing development of Status L2 follows the vision laid out in the original Status whitepaper and was initiated through a community vote by SNT holders, alongside the SNT staking initiative. Through its built-in public funding pool, Status Network will fund open-source protocols and public goods building on Ethereum. As Linea's first external collaborator, Status is co-developing the bridged yield feature, which will soon be available to all Linea-based L2s, further contributing to the zkEVM stack's long-term sustainability. Status will also play a crucial role in both the Linea and broader Ethereum ecosystems; further details will be disclosed soon. 'We're proud to see Status Network launch the first gasless Layer 2 powered by the Linea zkEVM technology stack,' said Declan Fox, Head of Linea. 'We aim to build better economics and governance, in alignment with Ethereum's core values. Status supports builders and public goods while providing free transactions at scale - exactly the kind of mission-driven approach we aim to empower. With the Linea stack's high throughput, low latency, and fast finality, we're enabling the performance needed for apps to grow, thrive, and get funded, whilst anchoring into the same root of trust: Ethereum.' Built for Games, Social & DeFi - With Better Privacy With fees replaced by native yield, users can interact with apps without needing to bridge tokens or top up gas, creating a frictionless experience. Games can finally deliver true free-to-play mechanics and support non-financial onchain actions without maintaining gas-sponsoring infrastructure. Social apps benefit from streamlined user onboarding and Web2-like UX, and DeFi protocols tap into yield-boosted liquidity from day one. Early builders include mobile fishing RPG Cats Fishing, free onchain gacha PonziHero from Spla Labs, and metaverse casino Hash Vegas. Native DeFi apps will be announced in the coming weeks. As anyone can get started without a wallet balance or history, gasless transactions strongly enhance account anonymity, enabling better privacy for transfers and applications. Availability & Roadmap Status Network's public testnet v1 is now live with fully gasless transactions. Testnet v2, featuring RLN-based spam protection and native yield routing, launches in October 2025, alongside a pre-deposit campaign to kickstart the bridged yield. Mainnet launch is targeted for Q1 2026. Developers can start building today at Status Network is the first Ethereum L2 with gas-free transactions at scale. Funded by native yield and app fees, it redistributes 100% of net revenues to its community, powering sustainable liquidity incentives, a public funding pool, and SNT buy-backs. Built on the Linea zkEVM stack, it enables frictionless onboarding for games, social apps, and DeFi while remaining fully aligned with Ethereum security and values. Contact Public Relations
Daily Record
04-07-2025
- Daily Record
'Spacious' Ryanair cabin bag with 'surprising amount of storage' costs just £21
Avoid getting slapped with an extra charge at the airport by purchasing this spacious cabin bag. The arrival of summer brings with it holiday season. Anyone who is jetting off somewhere warm will know the benefits of choosing the right-sized luggage. This is especially true when travelling with budget airlines such as Ryanair who can be notoriously strict with its baggage rules. Although, the firm is said to be boosting them by 20 percent over the next few weeks. Until then, the current baggage policy allows for fliers to take on one bag measuring 40 x 20 x 25cm completely free of charge. Fortunately, we have spotted one on Amazon that meets those exact dimensions for under £22. The KLOSTAIN Ryanair Cabin Bag, which costs just £21.29 for the black colourway, has been designed to fit either underneath seat in front or in the overhead lockers when travelling on many airlines that also include easyJet, TUI and British Airways. The backpack-style cabin bag has been designed with convenience in mind, with the main compartment measuring a "spacious" 20L in total, with quite a few reviews saying it can fit an entire "week's worth of clothes" without a fuss. KLOSTAIN Ryanair Cabin Bag £21.29 Amazon Buy here Product Description There's a fixed buckle to ensure all the contents inside are kept and secure, alongside multiple separate compartments for a laptop and storage compartments for smaller essentials such as pens, notepads, passports and more. On the outside there are two mesh pockets that are perfect for storing a water bottle to keep hydrated on the go. The material itself is said to be waterproof, so travellers can be rest assured the valuables inside will not get damaged or wet during transport. It's also designed to be "comfortable" thanks to ventilated padding inside the adjustable straps, meaning there won't be any stress on the shoulders, while a chest buckle can keep it safe and secure when in a busy airport. For travellers who prefer a hard shell-style case, then Tesco's £49.99 Cabin Case, available in five colours, boasts the same dimensions, making it suitable for Ryanair. Another affordable option for smaller trips is this Linea Underseat Cabin Bag, also 40cm x 20cm x 25cm, that is available to buy for just £9.99, down from £19.99, from Sports Direct. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. Meanwhile, the KLOSTAIN Ryanair Cabin Bag on Amazon has earned itself a 4.4 rating based on thousands of reviews that say it boasts "plenty of storage" for shorter trips and "fits perfectly under the seat." One five-star review read: "Lovely rucksack for travel. Spacious main compartment with elastic straps to keep clothing secure. On the outside are four straps that enable compression of the contents which helps meet the airline's strict size size criteria. "There is even a pocket for a battery pack with a built-in USB connection allowing you to top-up your phone while on the go. Numerous pockets assist with organising everything and the padded straps make for a comfortable carry. Nice bag I'm happy to recommend." Homewares deal of the week It's time to give the home a spring refresh and Dunelm has launched its massive sale. Sometimes it's all about buying necessities for the home, and these Fifi Dining Chairs that have shoppers bagging multiple are now on offer for £31.50, down from £45, saving 30 percent off the RRP. Crafted with a solid wooden frame, these chairs can easily be paired with many different dining tables and decorated with comfy cushion. Designed with a modern curved backrest with a scallop feature, this chair would be a cute edition to any home. Currently available in apricot, blue and natural, there are chairs available for people who want to add a pop of colour to their home, as well as those who want to continue a minimalistic design. This durable seat is said to offer both style and comfort to its users, and is the ideal choice for family meals or entertaining guests. With dimensions of H 80cm x W 44cm x D 52cm, this chair will comfortably fit under a table without taking up too much space. Back to the Fifi Dining Chair, Dunelm shoppers have awarded the product a 4.5 star rating, with the vast majority of shoppers praising the chairs for their colour and how easy they are to assemble. One delighted shopper wrote: "I really love this chair! They are super comfy and they look great! They were very easy to assemble." With another shopper agreeing: "Lovely comfortable chairs! Waiting for them to come back into stock to order two more!" Buy the Fifi Dining Chairs in the Dunelm sale here. A second shopper said: "Bought this bag to carry on, absolutely great, plenty of storage space for a week away, definitely recommend it, fits perfectly under the seat or in the overhead locker." Someone else praising the roomy interior said: "Good quality bag with surprising amount of storage. Great value." For anyone who travels with a laptop, it might be worth considering its size, as one shopper suggested: "It is a well made bag, but my laptop didn't fit inside the bag. It's designed for tablets on mini laptops." Someone who, despite having an issue, still left a five-star review writing: "To this day it's still my favourite bag. Due to manufacturing error one strap was missing but even so it's still amazing. Perfect for short trips, can pack a weeks worth of clothes inside and many spaces for little things and a power bank slot on the side for you to charge your phone."
Eater
17-06-2025
- Business
- Eater
Get Caffeinated at Dolores Park's Upcoming Fancy Coffee Bar
Andrew Barnett is a coffee roaster amongst coffee roasters. He's friends with icons, including George Howell, the man who sold the frappe, through his Coffee Connection, to Starbucks. Barnett's Linea Caffe opened in the Mission District in 2013, its blue and red facade part of the furniture between Valencia and Mission streets. Now he's taking Linea to new heights with his splashiest cafe yet. Just a stone's throw from Dolores Park, a new Linea cafe will open next door to Bi-Rite Creamery on 18th Street. This cafe takes over the former Nopalito window space at 3690 18th Street. Here, Linea will offer blended coffee drinks, delicate pour-over service, and a 'bean bar,' a throwback to the coffee bean scooping operations of original San Francisco businesses, including Polk Street's Freed, Teller & Freed. The hope is to open by late summer or early fall 2025. The 800-square-foot space is two-and-a-half times the size of the first Linea shop. Guests will be able to sit inside, unlike the first spot and the Potrero Hill warehouse, which has a parklet but no other seating. Designer Alan Sklansky, a local talent who worked on the Zuni Cafe redesign, will handle the buildout. There'll be Dynamo Donuts and Neighbor Bakehouse goods at this outpost, as there are at the first two Lineas. New offerings — including the company's newest espresso blend, A4 — will be available by pour-over and espresso only. 'I love pour-over coffee,' Barnett says. 'But I love espresso. I dream of espresso.' Linea's been busy elsewhere in the city, too. In late May, the company launched an espresso cart out of the Potrero Hill roasting facility. A handsome light wood cart takes over the big loading dock leading into the Mariposa Street warehouse. Pastries and bags of coffee line the cart. The cart will show up each Saturday and Sunday from 8 a.m. to 1 p.m. Barnett says it has been a chance for his staff to try their hand at a more experiential, pop-up operation. Still, Barnett insists coffee roasting is Linea's number one priority. His business is a Benefit Corporation, or B Corp, which means the intent of the business and profits go toward social impact-focused causes. Barnett says this moment in the United States — riddled with anti-immigration sentiment and bizarre supply chain issues created by the new administration — is an incredibly difficult one for specialty coffee. Working with farmers and producers who grow organic, biodynamic coffees is his focus. 'We're a showcase for that,' Barnett says. 'Linea in Italian is line. We're a line connecting the coffee to the finished product.' Linea Caffe (3690 18th Street) will open in late summer or early fall 2025. See More: San Francisco Restaurant Openings
7NEWS
28-05-2025
- Business
- 7NEWS
This dentist-directed teeth straightening treatment used by millions of shoppers is half the price of Invisalign
Confidence starts with your smile and achieving straight white teeth can be the key to increasing it. It's no secret that dentist appointments can be incredibly expensive, but one Aussie-owned brand is determined to provide shoppers with incredible results, for a much more affordable price tag. Meet Linea, the dental aligners brand, offering effective and safe solutions to straightening teeth. Used by millions of shoppers in the last 20 years, Linea is a dentist-directed treatment with involves partnering with licensed dentists all over Australia. Selling clear aligners directly to shoppers, you can score a happier smile than half the price of other aligner brands such as Invisalign. Kickstart your teeth alignment journey by taking the FREE 30-second online smile quiz to see how Linea can help you achieve your goals. Clear aligners have transformed the orthodontics landscape over the last two decades, used by millions worldwide to achieve straighter, healthier smiles. But the clear aligner market has long been split into two models: dentist-directed treatments and at-home kits. At-home brands surged in popularity during the pandemic due to their convenience, but they've since faced criticism — and even regulatory scrutiny for poor outcomes, medical risks, and lack of professional oversight. These kits typically rely on DIY impressions without scans, x-rays, or dental involvement, leading to unsafe or ineffective results. On the other end, dentist-directed brands like Invisalign provide a higher standard of care but come with a hefty price tag, thanks to a distribution model that passes costs down to the consumer. The result? Identical treatment plans quoted at wildly different prices, depending on which dentist you visit. Linea bridges this gap. Its hybrid business model offers direct-to-customer pricing while preserving the clinical oversight of licensed dentists. That means consistent, lower costs — without compromising on safety nor quality. Linea Co-Founder, Nicholas Van Leeuwen explains that Linea's unique business model is the reason the company has so many return customers. 'We cut the middleman out but retain a high level of dentist involvement. It's the best of both worlds. ' The Linea journey starts with a 30-second Smile Quiz to assess your suitability. From there, the experience is seamless, professional, and transparent. Firstly you receive a consultation and you're matched with one of Linea's partner dentists across Australia for a full assessment, including x-rays, 3D scans, and intraoral images. Then you're provided with a customised plan which is a tailored treatment created with Linea's dental team, and you'll preview your future smile through a 3D simulation Your dentist fits your aligners, performs any required procedures (like IPR or attachments), and monitors your progress. The Linea app provides 7-day support, reminders, photo uploads for monitoring, and direct access to Linea's clinical team. Post-Treatment which is included in your plan are medical-grade retainers and professional teeth whitening, to ensure your results last and your smile shines. 'I had an amazing experience, brilliant customer service every step of the way,' one person wrote. 'The results are beyond my expectations,' another shopper added.
