News linked to both this project and an event.
According to The Block, Sentinel Action Fund—a U.S. super PAC backed by the Solana Foundation—announced it will join forces with its sister advocacy organization Right Vote to spend $8 million supporting Republican Senator Jon Husted in Ohio’s upcoming election against Sherrod Brown, aiming to prevent the former senator and crypto skeptic Sherrod Brown from returning to the Senate. Jon Husted has long supported crypto innovation and backed several pro-crypto legislative initiatives, including the GENIUS Act. Per filings with the U.S. Federal Election Commission, the Solana Foundation has donated $750,000 to Sentinel Action Fund, while Multicoin Capital contributed $250,000.
Trent.eth, a member of the Ethereum Foundation, posted on X stating that he is no longer affiliated with the EF as of last Friday. He expressed respect for his collaborators across the team over the past five years on network upgrades and funding support efforts. Trent Van Epps also noted that, subject to available funding, he will continue participating in the Protocol Guild and work related to Ethereum’s political economy.
The Ethereum Foundation has partnered with Nethermind (an Ethereum infrastructure developer), Chainlink Labs (an on-chain data services provider), Areta.io (a smart contract auditing firm), and several top-tier auditing firms to launch the Trillion Dollar Security Initiative, introducing the Ethereum Security Subsidy Program—a $1 million fund offering security audit subsidies for Ethereum developers. This program aims to reduce the cost of security audits and improve developers’ access to audit services, thereby further strengthening the security of the Ethereum ecosystem. Audit applications will be jointly reviewed by the aforementioned organizations and will support CROPS (Chain-on Resource Optimization Project) and novel use-case projects. While security audits are considered an industry best practice, their high cost has limited adoption; this initiative seeks to encourage broader uptake of audit services across projects.
Odaily News The Ethereum Foundation announced on platform X the launch of the "Ethereum Audit Subsidy Program," collaborating with multiple auditing and infrastructure organizations to provide developers with subsidies for security audit costs, aiming to enhance the overall security of the ecosystem. The program is led by the EF's "Trillion Dollar Security Initiative" and is being advanced in collaboration with partners such as Nethermind, Chainlink Labs, and Areta, which will evaluate and review applicant projects. The Ethereum Foundation stated that while security audits are considered industry best practice, their costs are high. This initiative aims to lower the barrier to development and support the implementation of more innovative use cases and projects within the Ethereum ecosystem.
Aptos released an update to its tokenomics. Key adjustments include: reducing the annual staking reward rate from 5.19% to 2.6%; increasing gas fees by 10x (stablecoin transfer costs remain low at approximately $0.00014); the launch of the Decibel DEX is expected to significantly boost on-chain transaction volume and gas fee burning, with over 32 million APT projected to be burned annually; setting a protocol-layer hard cap on total supply at 2.1 billion APT; permanently locking and staking 210 million APT by the Aptos Foundation; shifting future incentives to milestone-triggered releases; and exploring a programmable buyback program.
Eligible users can claim the airdrop using Binance Alpha Points on the Alpha campaign page after trading begins.