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Consensys’ Linea integrates Lido V3 to automate staking bridged ETH

  • Linea will auto-stake bridged ETH using Lido V3’s stVaults.
  • Users earn passive ETH staking rewards without active input.
  • Launch set for October 2025 with strong security safeguards.

In a move that could reshape yield generation on Ethereum Layer 2s, Linea, an Ethereum scaling network developed by Consensys, has unveiled plans to integrate Lido V3’s staking infrastructure.

The new feature, called Native Yield, will automatically stake ETH that users bridge to Linea, allowing DeFi participants to earn Ethereum-native staking rewards without active participation.

Notably, the integration marks a significant departure from traditional incentive models in DeFi, offering a streamlined and sustainable method for yield generation that bypasses the need for token emissions or high-risk lending protocols.

While the official launch is scheduled for October 2025, the announcement has already sparked conversations about its potential impact on Ethereum’s broader ecosystem.

Turning idle Ethereum (ETH) into active DeFi yield

At the core of Linea’s strategy is the belief that ETH capital sitting idle on Layer 2 networks is a missed opportunity.

Currently, ETH bridged to most L2s must be manually deployed in DeFi protocols to generate returns.

However, with Native Yield, Linea aims to flip that model by auto-staking bridged ETH via Lido V3’s smart contracts.

This system not only simplifies staking for users but also addresses a broader issue that Linea says is plaguing DeFi: incentive fragmentation.

According to Linea, the current model of chasing high APRs across multiple chains has become unsustainable, with users constantly migrating liquidity for short-term gains.

Native Yield seeks to create a more stable environment by generating sustainable 3–5% staking rewards derived from Ethereum’s proof-of-stake consensus.

Built with Lido V3’s stVaults and safeguards

The technical foundation of this system lies in Lido V3’s stVaults—non-custodial smart contracts designed for trustless staking.

These contracts are operated by Node Operators selected by Linea, and withdrawal keys are held in secure contracts, not by any centralised party.

This design ensures that staking is transparent, permissionless, and secure.

To maintain capital efficiency while ensuring smooth user withdrawals, Linea will implement a Liquidity Buffer.

This buffer consists of unstaked ETH to accommodate high withdrawal demand. In periods where demand exceeds the buffer, users may receive stETH, which can be traded on secondary markets.

This design minimises friction while keeping user funds productive.

Additionally, the system incorporates EIP-7002, a mechanism that allows forced unstaking in the event of governance failures or security risks.

If required, the system can disengage from DAO control using an “escape hatch” mechanism, providing an extra layer of protection for users.

To manage the auto-staking process, Linea has introduced a role called the Native Yield Operator.

This operator is responsible for overseeing the staking flows and ensuring the system stays balanced.

However, governance is not centralised. If liquidity thresholds are breached or performance falters, users themselves can initiate rebalancing actions or trigger withdrawals.

These built-in safeguards aim to make Linea’s staking ecosystem resilient to both operational challenges and governance attacks.

In a space where smart contract risks and centralised control remain key concerns, Linea’s architecture stands out for its proactive risk mitigation measures.

The road ahead

While many L2s rely on token incentives to attract capital, Linea is charting a different course.

By offering sustainable, Ethereum-native yields without the need for token emissions or temporary rewards, Linea believes it can attract long-term capital.

This shift could improve liquidity depth and trade execution, giving the network a competitive edge in the DeFi space.

Still, not everyone is convinced. Lido V3’s stVaults are relatively new and have yet to be tested at scale.

Some critics argue that more established alternatives, such as StakeWise V3 Vaults, may offer a safer route.

Nonetheless, Linea remains committed to its roadmap and has not indicated any changes ahead of its October launch.

Linea’s Native Yield feature is not just a technical upgrade—it is a strategic effort to redefine how Ethereum Layer 2s compete for liquidity.

By combining staking infrastructure, non-custodial design, and a clear governance framework, Linea is positioning itself as a secure, yield-generating hub for ETH.

If the system proves effective in attracting and retaining liquidity, Linea could establish itself as one of the most capital-efficient and Ethereum-aligned L2 networks.

As the October 2025 launch draws closer, all eyes will be on whether this bold approach can deliver both performance and trust at scale.

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Illuvium (ILV) price forecast post Leviathan No Limits Tournament

  • Illuvium (ILV) surged 100% after the Leviathan No Limits Tournament boosted player interest.
  • Breakout from the double bottom pattern confirmed bullish momentum.
  • Key targets to watch are: $25, $27.50, and $30 if the rally continues.

In a stunning turn of events, Illuvium (ILV) has reignited investor interest after a dramatic price surge following the conclusion of its highly anticipated Leviathan No Limits Tournament.

The Web3 gaming token has shown exceptional momentum in recent days, leaving traders wondering whether this marks the start of a sustained uptrend or just a temporary flash of hype.

With the fundamentals improving and technical indicators aligning, ILV is making a strong case to be back on the radar.

Competitive play sparks a revival

The Leviathan No Limits Tournament served as a defining moment for the Illuvium ecosystem.

Unlike previous events that relied heavily on high-end NFT assets, this competition showcased how skill alone could drive competitive outcomes.

As a result, players with minimal in-game investments were able to compete effectively, shifting the game’s perception from pay-to-win to a skill-based and fair one.

This shift has contributed to a renewed sense of legitimacy around the game.

More importantly, it has started to attract a broader audience, including previously sceptical players who now see a more polished and competitive product.

As word spread, ILV’s price began to react swiftly, climbing more than 60% in a single day, a move rarely seen even among highly volatile crypto assets.

Double bottom breakout ignites an ILV bull run

Technically, the ILV/USDT chart painted a classic double bottom near the $11.81 level, forming a strong base after months of consolidation.

This bullish pattern triggered a sharp breakout, pushing the token to a high of $23.53 — a remarkable 100% rally within just a few hours.

Illuvium price chart

To many, this is a clear breakout confirmation, with volume surging to levels not witnessed in months.

Even though the price has slightly pulled back to the $21 range, the bullish momentum remains intact.

Holding above $20 will be crucial in determining whether this is a healthy retracement or the start of a deeper correction.

However, with sentiment shifting and volume still strong, many believe the breakout has more room to run.

Illuvium price targets to watch

Market analysts have started pointing to higher resistance levels as potential short-term targets.

The first key level to watch is $25, followed by $27.50 and then $30 if momentum continues.

These targets are based on technical resistance zones and recent historical price action.

A successful breakout above the $23.66 high could pave the way for rapid moves toward those levels.

However, traders must remain cautious. ILV is still down nearly 99% from its all-time high of $1,911.26 recorded in November 2021.

While the recent bounce is significant, it comes after a deep and prolonged bear phase.

This means that volatility is likely to persist, and any major price movement should be approached with calculated risk management.

In addition, the RSI indicator shows an overbought market, meaning a pullback could be imminent, although the MACD shows a bullish trend resurgence.

Long-term outlook hinges on more than hype

Beyond the charts and short-term catalysts, Illuvium’s long-term success will depend on continued player engagement, product updates, and the ability to retain a competitive edge in the growing Web3 gaming sector.

The Leviathan tournament may have reignited interest, but sustaining that momentum will require consistent delivery from the development team.

Notably, the Illuvium ecosystem is still sizzling with user engagement as the ILV Summer Exclusive Illuvitars, which ends on August 14, has seen over 180 Glitched Illuvitars pulled so far.

With these developments, Illuvium has once again become one of the Web3 tokens to watch closely, although whether the recent breakout turns into a full-blown trend reversal remains to be seen.

The post Illuvium (ILV) price forecast post Leviathan No Limits Tournament appeared first on CoinJournal.

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MYX Finance (MYX) price just shot up 289%: Here’s why

  • MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade.
  • Binance listing has also boosted the token’s visibility and sparked retail FOMO.
  • MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand.

While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike.

Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time.

MYX Finance price

This dramatic rally has sparked widespread interest, especially as MYX Finance cements its position in the DeFi derivatives landscape.

The spike in MYX’s value is not just a fluke. It is the result of several fundamental developments, market hype, and strong trading performance.

Notably, investors are flocking to take part in what they believe could be a long-term uptrend as the MYX Finance platform prepares for a major upgrade.

The MYX Finance V2 upgrade buzz

A major driver of the MYX price rally is the heightened anticipation surrounding its upcoming V2 launch.

Although the development team has not yet disclosed a release date, speculation around the upgrade has been intense.

Many believe that V2 will significantly enhance MYX Finance’s trading experience by introducing zero-slippage execution, advanced chain abstraction, and improvements to its proprietary matching pool mechanism.

These features are expected to bring a more seamless and efficient trading model to on-chain users.

The protocol’s monthly volume has already hit an all-time high, reaching $9.07 billion over the past 30 days, with $285 million traded in just the last 24 hours.

This surge in usage indicates a rapidly growing interest in the MYX platform ahead of the much-anticipated upgrade.

And because the MYX token plays a key role in accessing these features, such as discounted trading fees, demand for the token has skyrocketed.

Early MYX TGE hype laid the groundwork

Long before this week’s rally, MYX Finance had already generated buzz within the DeFi community.

On May 6, 2025, the project held its token generation event (TGE) on Binance Wallet.

The event was a massive success, with a staggering 30,296% oversubscription. Over $51 million in trading volume was recorded within the first 24 hours.

This early success helped MYX dominate the BNB Chain DEX space, quickly accumulating $35.2 million in total value locked (TVL).

Participation in the TGE required at least 142 Alpha Points, a structure that helped drive deep community engagement and strengthen early demand for the token. Since then, the project has maintained a strong narrative of growth and innovation.

Binance spotlight ignites FOMO

In addition to the protocol’s organic growth, MYX recently received a significant boost in visibility after becoming the top gainer on Binance.

On August 4, the token’s price jumped by 138% in a single day, triggering a 711% increase in daily volume to $46 million.

This momentum was further amplified by social media activity, including a tweet from the MYX team quoting Binance founder CZ, which drew tens of thousands of views.

While the rally looks attractive, the token’s Relative Strength Index (RSI) hit 97.45, an indication that it is heavily overbought.

MYX Finance price outlook

Despite the rapid price rise, traders remain sharply divided on MYX’s short-term outlook.

The upcoming V2 release could mark a significant turning point, but only if user adoption continues to scale and on-chain activity holds up.

On the flip side, MYX’s low market cap and retail-heavy volume mean it remains susceptible to pump-and-dump cycles and sudden reversals.

Nevertheless, with strong backers like Sequoia China, HashKey Capital, and ConsenSys, as well as a growing presence across major chains like Arbitrum, Linea, and BNB Chain, MYX Finance is building more than just hype.

The coming weeks will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short-lived spike.

The post MYX Finance (MYX) price just shot up 289%: Here’s why appeared first on CoinJournal.

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Bitcoin and Ethereum ETFs see continued outflows as market pulls back

  • BlackRock’s iShares Bitcoin Trust (IBIT) saw $292.5 million exit the fund on Monday.
  • Spot Ethereum ETFs also faced heavy outflows on Monday.
  • The selling pressure came as Bitcoin extended its retreat from the July 14 all-time high.

US-listed spot Bitcoin and Ethereum ETFs continued to see outflows on Monday, extending a recent trend of investor pullback as digital assets slid from their recent highs.

Monday marked the third consecutive trading session of net outflows across US-listed spot Bitcoin funds.

Bitcoin ETFs log consecutive outflows

BlackRock’s iShares Bitcoin Trust (IBIT) saw $292.5 million exit the fund on Monday, the largest single-day outflow it has recorded since May.

The fund had already broken its 37-day inflow streak with a minor outflow on Friday.

The selling pressure came as Bitcoin extended its retreat from the July 14 all-time high.

The token dropped 8.5% over the weekend, bottoming out at $112,300 on Sunday before partially recovering to $115,000 by late Monday trading.

Despite the recent setback, BlackRock’s IBIT still logged a net inflow of $5.2 billion in July, equivalent to 9% of the fund’s total inflows since its launch in January 2024.

Other Bitcoin ETFs also saw subdued activity. Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted an outflow of approximately $40 million, while the Grayscale Bitcoin Trust (GBTC) lost $10 million.

Bitwise’s Bitcoin ETF (BITB) was the only product to record an inflow on Monday, attracting $18.7 million.

All other US-listed Bitcoin ETFs recorded no flows.

The overall outflow on Monday was significantly milder compared to Friday’s sharp exit of $812 million, suggesting that pressure may be easing as Bitcoin finds support near current levels.

Volatility cools since ETF launch

Commenting on the recent price behaviour, Bloomberg ETF analyst Eric Balchunas noted on Monday that Bitcoin volatility has declined notably since the approval of spot Bitcoin ETFs earlier this year.

He highlighted that the 90-day rolling volatility for BlackRock’s IBIT has dropped below 40, down from levels above 60 at the time of the ETF’s launch.

Balchunas previously said that reduced volatility and the absence of sharp drawdowns have helped Bitcoin appeal to larger institutional investors, potentially aiding its broader adoption as a currency.

Ethereum ETFs see record one-day outflow

Spot Ethereum ETFs also faced heavy outflows on Monday, with a total of $465.1 million withdrawn across multiple funds.

This was the highest single-day net outflow since these products launched.

BlackRock’s spot Ether fund (ETHA) led the retreat, with $375 million in outflows.

Fidelity’s FETH, Grayscale’s ETHE, and the Grayscale Ethereum Mini Trust also experienced redemptions.

The Monday exodus followed a period of strong investor interest in Ethereum ETFs.

Inflows had totaled $2.2 billion in the second week of July, $1.9 billion in the third week, and $154.3 million last week, according to data from SoSoValue.

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Bitcoin rebounds to $115K after weekend selloff; Institutional ETF flows in focus

  • Bitcoin (BTC) has rebounded to trade above $115,000 after a selloff that saw over $1B in liquidations.
  • The recent correction was driven by weak US jobs data and a new wave of US tariffs.
  • QCP Capital views the selloff as a “leverage flush,” noting that the broader structural setup for BTC remains intact.

Bitcoin (BTC) is staging a modest rebound as the East Asian trading day gets underway, changing hands at just over the $115,000 mark.

This recovery comes after a punishing selloff last week that saw over $1 billion in leveraged long positions liquidated and the leading cryptocurrency briefly test the $113,000 level.

While the bounce is a welcome sign for bulls, the market remains on edge, with investors carefully weighing signs of institutional stabilization against persistent macroeconomic fears.

The aftermath of a ‘leverage flush’: a cautious optimism

The latest market correction, which marked Bitcoin’s third consecutive Friday selloff, was fueled by a hawkish macroeconomic cocktail.

Weaker-than-expected US jobs data, combined with a fresh wave of tariffs announced by Washington, triggered a broader “risk-off” mood that hit both equities and crypto.

Altcoins bore the brunt of this downward move, with Solana (SOL) falling nearly 20% on the week and Ethereum (ETH) losing close to 10%.

Despite this sharp drop, some market observers, like trading firm QCP Capital, remain cautiously optimistic. “The broader structural setup remains intact,” the firm wrote in a Monday note, pointing to the fact that Bitcoin had achieved its highest-ever monthly close in July.

QCP views the recent selloff not as a fundamental trend reversal, but rather as a necessary “leverage flush”—a painful but healthy shakeout of over-leveraged positions that has historically cleared the path for renewed accumulation and the next leg higher.

Hedging and headwinds: investors still price in downside risk

That said, market hedging behavior suggests that investors are not yet ruling out the possibility of deeper downside.

On the prediction market Polymarket, traders are currently assigning a 49% probability that Bitcoin will dip below the $100,000 mark before the end of 2025.

This represents a 2 percentage point increase from the day prior, indicating that near-term anxiety is still very much present.

This pricing reflects a market that is still on a knife’s edge.

Downside tail risk is clearly being priced in, despite a host of supportive long-term fundamentals, which include increasing regulatory clarity, growing stablecoin adoption, and a wave of real-world asset tokenization initiatives.

The next major catalyst for the market could come during the Asia trading day, as US issuers report their latest ETF flow data, which typically happens by mid-day Hong Kong time.

The market’s stabilization appears to be supported by some early positive signs on this front, with Bitwise reporting $18.74 million in net inflows, a potential reversal after one of the largest ETF outflow days on record last Friday.

If these ETF inflows continue to show strength and implied volatility begins to compress, it may provide the confirmation that the market needs to fully embrace the “buy-the-dip” narrative and shake off the macro jitters that have kept it stuck in neutral.

Broader market snapshot

  • BTC: Bitcoin is trading back above $115,000, signaling early signs of market stabilization after a volatile week.

  • ETH: Ether is holding steady around $3,700, with Polymarket traders showing confidence that it will break above the $4,000 mark sometime in August.

  • Gold: Gold extended its rally for a third consecutive session on Monday, rising to a two-week high. The move was driven by soft US economic data, which has boosted expectations of a September Federal Reserve rate cut. CME traders are now pricing in an 86% chance of that happening.

  • Nikkei 225: Asia-Pacific markets opened higher after US President Donald Trump unveiled plans to sharply increase tariffs on Indian exports. Japan’s Nikkei 225 rose 0.54% at the open.

  • S&P 500: US stocks rebounded sharply on Monday, with the S&P 500 rising 1.47% to 6,329.94. The move snapped a four-day losing streak and marked the index’s best single session since May.

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