The Ethereum Community Conference (EthCC) in Cannes showcased the growing institutional adoption of Ethereum as a backbone for global finance, with notable announcements such as Robinhood launching tokenized stocks. Industry leaders emphasized Ethereum's stability and security, as firms like Deutsche Bank and Coinbase explore deeper integration with tokenized assets and decentralized finance. The event highlighted Ethereum's evolution from a speculative platform to a trusted infrastructure for the future of finance.

NYC Mayor Eric Adams announced the creation of a digital assets advisory council aimed at fostering fintech job growth and exploring innovative solutions for city services, such as using blockchain for vital records. The council will consist of industry experts, with a chair to be named soon, and reflects the city's commitment to embracing technology for the benefit of its residents.

The SEC is reportedly advancing a plan to allow blockchain-based stock trading, which could benefit platforms like Coinbase and Robinhood while raising concerns among traditional financial firms about potential market disruptions and compliance issues. Tokenized stocks would enable investors to purchase shares in the form of tokens, streamlining trade settlements but also introducing new risks. However, legacy financial players may challenge the SEC, delaying the implementation of this initiative.

Arbitrum Foundation withdrew from the Nvidia-backed Ignition AI Accelerator after Nvidia requested not to be associated with crypto projects in public announcements. The Foundation labeled the decision as a sound business choice, emphasizing their commitment to partners that support blockchain innovation.

Hong Joon-pyo, a candidate in South Korea's presidential primary, has vowed to reform regulations on blockchain and cryptocurrencies, aiming to foster the industry akin to the Trump administration's approach in the U.S. He also plans significant investments in AI and other advanced technologies, emphasizing the need for friendlier policies towards crypto.

The SEC has launched "Project Crypto" to modernize securities regulations and facilitate crypto-based trading, aligning with President Trump's vision of making the U.S. a leader in the crypto space. SEC Chair Paul Atkins emphasized the need to adapt rules to support on-chain technologies and prevent excessive regulation that could drive innovation offshore. This initiative follows a report from the President's Working Group on Digital Asset Markets that outlines strategies to enhance U.S. dominance in digital asset markets.

The article discusses the complexities of maximal extractable value (MEV) in blockchain ecosystems and examines the challenges related to scaling while managing MEV. It highlights how the inherent properties of blockchain technology can limit scalability when attempting to mitigate MEV issues.

The article discusses the intersections between artificial intelligence and cryptocurrency, exploring how advancements in AI can impact the blockchain space and vice versa. It highlights various projects and innovations that illustrate the potential synergies between these two rapidly evolving fields.

The emergence of Fintech 3.0 is paving the way for a new financial system built on blockchain technology, characterized by instant payments, digital asset control, and regulatory clarity following the GENIUS Act. With the success of stablecoins and the potential for tokenization of various assets, there is a significant opportunity for startups to innovate and build onchain solutions. YC and Coinbase Ventures are eager to support and fund projects that leverage this evolving infrastructure.

Fidelity offers opportunities to build a career in the cryptocurrency sector, leveraging its long-standing history of fintech innovation. The company is actively hiring across various roles in digital assets and blockchain, emphasizing a culture of innovation and stability.

The article discusses the current state of developer activity in the cryptocurrency space, highlighting its significance in assessing the health and future potential of various blockchain projects. It emphasizes the correlation between active development and innovation, as well as the impact of market conditions on developer engagement.

Andre Cronje's new crypto project, Flying Tulip, has raised $200 million at a $1 billion token valuation, with plans to raise an additional $800 million through a public sale. The project aims to create an onchain exchange that integrates various DeFi functions, offering investors an innovative "onchain redemption right" for downside protection.

The article discusses the unique challenges and opportunities in hiring within the cryptocurrency industry, highlighting the importance of understanding the specific skills and culture needed in this rapidly evolving field. It emphasizes the need for companies to adapt their recruitment strategies to attract top talent who are not only technically skilled but also passionate about blockchain technology.

The article discusses methods for measuring growth in the cryptocurrency sector, emphasizing the importance of both on-chain metrics and user engagement. It highlights various indicators that can provide insights into the health and sustainability of crypto projects, such as transaction volume, active addresses, and community activity. Understanding these metrics can help investors and developers gauge the potential success of cryptocurrencies in a rapidly evolving market.

Ethereum has evolved significantly over the past decade, overcoming numerous challenges while maintaining its core values. As it approaches a market value of nearly $450 billion, community members reflect on its journey and future potential amid increasing corporate interest.

In July, Ethereum's onchain transaction volume reached over $238 billion, marking a 70% increase from the previous month and the highest level since December 2021. The network recorded 46.67 million transactions, surpassing its previous monthly record, while active addresses also peaked at 17.55 million. Additionally, the price of ETH climbed to $3,700 by the end of July.

Coinbase has introduced Payments MCP, a tool that allows AI agents like Claude and Gemini to access blockchain wallets and perform transactions using cryptocurrency. This initiative follows the launch of the x402 Foundation, aimed at standardizing AI payments and enhancing the integration of AI with decentralized finance.

Mastercard has introduced comprehensive capabilities for stablecoin transactions, partnering with companies like OKX and Nuvei to facilitate seamless payments from wallets to checkouts. This initiative aims to enhance the usability of stablecoins in everyday transactions, supporting both consumers and merchants in a rapidly evolving financial landscape.

New York Mayor Eric Adams aims to establish the city as a global crypto capital by focusing on the long-term benefits of blockchain technology, particularly for the underbanked population. He emphasizes a collaborative approach and the upcoming crypto summit as key to fostering innovation in the city's crypto sector.

SoFi is set to launch international remittances using blockchain and stablecoins, along with a relaunch of its crypto investing services, including Bitcoin and Ethereum trading. CEO Anthony Noto aims to expand the company's digital asset offerings in response to favorable regulatory changes following a suspension of these services in 2023.

SoFi Technologies is set to reenter the crypto market, focusing on stablecoin issuance and tokenized loans, after pausing its crypto offerings two years ago. With favorable regulatory conditions under the Trump administration, SoFi aims to launch these services within the next two years, highlighting the financial advantages of blockchain technology.

Stripe has appointed Matt Huang as the CEO of its new blockchain project, Tempo, aiming to enhance cryptocurrency infrastructure. Huang's experience in venture capital and fintech positions him to lead the project in integrating key crypto components and advancing Stripe's digital payment solutions. This move emphasizes the growing intersection of fintech and blockchain technologies.

Morgan Stanley plans to launch crypto trading for retail customers through its E-Trade division in the first half of 2026, partnering with Zerohash for liquidity and custody. The bank aims to provide direct ownership of cryptocurrencies like bitcoin, ether, and solana, while also preparing for future tokenization of traditional assets, signaling a shift in wealth management practices.

The content of the article appears to be corrupted and unreadable, making it impossible to extract meaningful information or insights. As a result, no summary can be provided based on the available text.