Declan Fox, global product lead for Linea, said there is no exact date for the token generation event yet, but details will be shared a week before. The Consensys-developed Linea network says it will become one of the first Ethereum layer-2 networks to commit to burning Ether as part of its network design, as it shared new details of its upcoming token generation event and airdrop. Linea announced new staking and burning mechanisms for its upcoming token launch in an effort to become more aligned with the layer-1 blockchain, which it hopes will make the network the “home for ETH capital,” according to a statement sent to Cointelegraph. The move comes amid growing concern that layer-2 networks have been leeching chain activity and fee income from the Ethereum mainnet. Read more
ETH price corrected at the weekly open, but futures data pinpoints the possibility of a breakout to $5,000. Key takeaways: ETH futures and options data show no signs of defensive positioning despite Ether's 7-month price high. Ether ETF inflows and corporate holdings signal growing conviction from institutional investors. Read more
Hedge fund manager Ray Dalio suggests investors put 15% into store-of-value assets amid America’s debt crisis. American billionaire and hedge fund manager Ray Dalio has recommended a 15% portfolio allocation into Bitcoin or gold to optimize for the “best return-to-risk ratio” in light of America’s crippling debt problem and currency devaluation. “[If] you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,” the founder of hedge fund firm Bridgewater Associates said during an appearance on the Master Investor podcast on Sunday. Dalio said he has “some Bitcoin, but not much,” and is still “strongly preferring gold to Bitcoin,” however. Read more
Interactive Brokers joins a number of traditional finance institutions who are considering entering the stablecoin space, including JPMorgan Chase and Citigroup. Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin. The move, reported by Reuters on Monday, would allow traders to fund brokerage accounts using the company's fiat-pegged cryptocurrency. Interactive is also exploring adding support for asset transfers for commonly traded cryptocurrencies. Interactive Brokers is a brokerage firm that provides trading and investment services across global markets. The company recently reported over 3.8 million active accounts at the end of the second quarter of 2025, a 32% increase from a year ago. It has more than $664 billion in assets under management. Read more