{"id":37316,"date":"2025-07-16T18:04:40","date_gmt":"2025-07-16T18:04:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37316"},"modified":"2025-07-16T18:04:40","modified_gmt":"2025-07-16T18:04:40","slug":"the-protocol-layer-2-eclipses-airdrop-goes-live","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37316","title":{"rendered":"The Protocol: Layer-2 Eclipse\u2019s Airdrop Goes Live"},"content":{"rendered":"<div>\n<p>Welcome to The Protocol, CoinDesk&#8217;s weekly wrap-up of the most important stories in cryptocurrency tech development. I&#8217;m Margaux Nijkerk, CoinDesk\u2019s Tech &amp; Protocols reporter.<\/p>\n<p>In this issue:<\/p>\n<ul>\n<li>Eclipse Launches $ES Airdrop, Distributing 15% of Token Supply<\/li>\n<li>Risc Zero\u2019s &#8216;Boundless&#8217; Incentivized Testnet Goes Live<\/li>\n<li>Bitcoin Devs Float Proposal to Freeze Quantum-Vulnerable Addresses \u2014 Even Satoshi Nakamoto\u2019s<\/li>\n<li>Aethir and Credible Introduce First DePIN-Powered Credit Card<\/li>\n<\/ul>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3>Network News<\/h3>\n<p><strong>ECLIPSE TOKEN GENERATION EVENT<\/strong>: Eclipse, the layer-2 that combines technology from the Ethereum and Solana blockchains, shared that it has gone live with an airdorp of its $ES token. The team behind the network shared that the initial distribution will occur over the next 30 days, and a total of 1 billion $ES tokens have been minted, with distribution structured to go to community incentives and long-term protocol sustainability. Of the supply, 15% is allocated to an airdrop and liquidity provisions for core community members and developers who have supported the network from the start. 35% will support ecosystem growth and research and development, aimed to help scale the network. Contributors will receive 19% of the supply, including team members, with a four year vesting period and three year lockup schedule. The remaining 31% is for early supporters and investors, who are subject to a three year lockup schedule to commit to Eclipse\u2019s roadmap long-term. \u2014 <em>Margaux Nijkerk <\/em><a href=\"https:\/\/www.coindesk.com\/tech\/2025\/07\/16\/eclipse-launches-es-airdrop-distributing-15-of-token-supply\">Read more<\/a>.<\/p>\n<p><strong>RISC-ZERO \u201cBOUNDLESS\u201d INCENTIVIZED TESTNET GOES LIVE :<\/strong> Boundless, the decentralized zero-knowledge (ZK) compute marketplace powered by RISC Zero, has launched its incentivized testnet (which it is calling \u201cMainnet Beta\u201d) on Base, Coinbase\u2019s Ethereum layer-2 network. With Boundless\u2019 incentivized testnet, developers can build and test applications in an environment as if the protocol is in fully live format. The network has already landed early support from industry heavyweights like the Ethereum Foundation, Wormhole and EigenLayer. A decentralized marketplace for zero-knowledge compute connects those who need zero-knowledge proofs \u2014 such as developers building rollups, bridges, or privacy-preserving applications \u2014 with a distributed network of independent \u201cZK provers or miners\u201d who generate and verify those proofs. Instead of relying on centralized parties, this model allows anyone with the right hardware to contribute computing power and be rewarded for doing that cryptographic work. \u2014 <em>Margaux Nijkerk<\/em> <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/07\/08\/risc-zeros-boundless-incentivized-testnet-goes-live\">Read more<\/a>.<\/p>\n<p><strong>NEW BITCOIN PROPOSAL TO FREEZE QUANTAM-VULNERABLE ADDRESSES:<\/strong> A new <a href=\"https:\/\/github.com\/jlopp\/bips\/blob\/quantum_migration\/bip-post-quantum-migration.mediawiki\">Bitcoin draft proposal<\/a> wants to do what\u2019s long been unthinkable: Freeze coins secured by legacy cryptography \u2014 including those in Satoshi Nakamoto\u2019s wallets \u2014 before quantum computers can crack them. That\u2019s according to a new draft proposal co-authored by Jameson Lopp and other crypto security researchers, which introduces a phased soft fork that turns quantum migration into a ticking clock. Fail to upgrade, and your coins become unspendable. That includes the roughly 1.1 million BTC tied to early <a href=\"https:\/\/trezor.io\/learn\/advanced\/standards-proposals\/pay-to-public-key-hash-p2pkh?srsltid=AfmBOopf9ZJeabL7g4lcRPdFlU6kTCieDDQGu4gYa6RprUk7HR1IPMwz\">pay-to-pubkey addresses<\/a>, like those of Satoshi\u2019s and other early miners. \u201cThis proposal is radically different from any in Bitcoin&#8217;s history just as the threat posed by quantum computing is radically different from any other threat in Bitcoin&#8217;s history,\u201d the authors explained as a motivation for the proposal. \u201cNever before has Bitcoin faced an existential threat to its cryptographic primitives.\u201d \u2014 <em>Shaurya Malwa<\/em> <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/07\/16\/bitcoin-devs-float-proposal-to-freeze-quantum-vulnerable-addresses-even-satoshi-nakamoto-s\">Read more<\/a>.<\/p>\n<p><strong>THE FIRST DEPIN POWERED CREDIT CARD<\/strong>: Aethir, a decentralized GPU cloud network, has teamed up with Credible Finance, a lending protocol, to introduce what they call the first credit card and loan product powered by a decentralized physical infrastructure network (DePIN). The move is designed to give Aethir\u2019s native ATH token holders and node operators access to stablecoin credit without liquidating their tokens \u2014 a step toward blending on-chain infrastructure with real-world financial capital. The product, which debuted on Wednesday, lets eligible users collateralize their ATH tokens to access a revolving credit line or preload a no-fee card with ATH or stablecoins on Solana. Loan approvals and limits are determined by Credible\u2019s AI-driven credit engine, which evaluates a user\u2019s on-chain activity, asset holdings and transaction history. \u2014 <em>Margaux Nijkerk<\/em> <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/07\/16\/aethir-and-credible-introduce-depin-powered-credit-card\">Read more<\/a>.<\/p>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3>In Other News<\/h3>\n<ul>\n<li>Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai\u2019s government-led real estate digitization initiative. The deal will see Ctrl Alt use Ripple\u2019s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP Ledger (XRPL). \u2014 <em>Shaurya Malwa<\/em>\u00a0<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/16\/xrp-ledger-to-star-in-ripple-ctrl-alt-deal-to-tokenize-dubai-real-estate\">Read more<\/a>.<\/li>\n<li>SharpLink Gaming (SBET), the Nasdaq-listed firm with a crypto treasury strategy centered on ether ETH, on Tuesday said it has become the largest corporate holder of the asset with 280,706 ETH worth roughly $840 million at current prices. The firm raised $413 million via the issuance of over 24 million shares between July 7 and July 11, according to a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/07\/15\/3115506\/0\/en\/SharpLink-Becomes-World-s-Largest-Corporate-Holder-of-ETH-Reaching-280-706-as-of-July-13-2025-Raises-Additional-413-Million-From-July-7-11-2025.html\">press release<\/a>. It purchased a total of 74,656 ETH over the past week at an average price of $2,852 each. Roughly $257 million of that fundraising remained for future ETH acquisitions, the firm said. \u2014 <em>Kristzian Sandor<\/em> <a href=\"https:\/\/www.coindesk.com\/business\/2025\/07\/15\/sharplink-gaming-overtakes-ethereum-foundation-as-largest-corporate-holder-of-eth\">Read more<\/a>.<\/li>\n<\/ul>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3>Regulatory and Policy<\/h3>\n<ul>\n<li>The House of Representatives on Tuesday did not vote on a procedural motion to advance a trio of crypto bills, but may vote Wednesday to advance the legislation. As it sped into its crypto-focused week on Tuesday, the U.S. House&#8217;s process toward passing digital assets bills ground to a sudden halt over a procedural vote as members of the House Freedom Caucus objected to the way some of the legislation has developed under Senate dominance. The legislation still has strong, bipartisan support, suggesting the procedural mishap may be overcome as a further vote was scheduled for later Tuesday afternoon. This vote was canceled less than 15 minutes before it was set to begin, so the matter may not be raised again until early Wednesday \u2014 the same day the Digital Asset Markets Clarity Act was set to be voted on. \u2014 <em>Jesse Hamilton, Stephen Alpher, &amp; Nikilesh De <\/em><a href=\"https:\/\/www.coindesk.com\/policy\/2025\/07\/15\/us-house-sees-hiccup-in-crypto-bills-procedural-votes-as-freedom-caucus-objects\">Read more<\/a>.<\/li>\n<li>A 12-person jury has been seated for Tornado Cash developer Roman Storm&#8217;s criminal trial, and opening arguments are set to begin later this afternoon in the Thurgood Marshall courthouse in Lower Manhattan. Seven women and five men with a diverse range of backgrounds and ages will decide whether the U.S. Department of Justice can prove beyond a reasonable doubt that Storm engaged in conspiracy to commit money laundering, conspiracy to violate U.S. sanctions and conspiracy to operate an unlicensed money transmitting business. \u2014 <em>Cheyenne Ligon &amp; Nikilesh De <\/em><a href=\"https:\/\/www.coindesk.com\/policy\/2025\/07\/15\/jury-seated-for-tornado-cash-dev-roman-storms-trial\">Read more<\/a>.<\/li>\n<\/ul>\n<div style=\"display:none\">Unknown block type &#8220;divider&#8221;, specify a component for it in the `components.types` option<\/div>\n<h3>Calendar<\/h3>\n<ul>\n<li>July 16-18: <a href=\"https:\/\/web3summit.com\/\">Web3 Summit<\/a>, Berlin<\/li>\n<li>Sept. 22-28: <a href=\"https:\/\/koreablockchainweek.com\/\">Korea Blockchain Week<\/a>, Seoul<\/li>\n<li>Oct. 1-2: <a href=\"https:\/\/www.token2049.com\/?ref=fintechlabs.com\">Token2049<\/a>, Singapore<\/li>\n<li>Nov. 17-22: <a href=\"https:\/\/devconnect.org\/\">Devconnect<\/a>, Buenos Aires<\/li>\n<li>Dec. 11-13: <a href=\"https:\/\/solana.com\/breakpoint\">Solana Breakpoint<\/a>, Abu Dhabi<\/li>\n<li>Feb. 10-12, 2026: <a href=\"https:\/\/consensus-hongkong.coindesk.com\/\">Consensus<\/a>, Hong Kong<\/li>\n<li>May 5-7, 2026: <a href=\"https:\/\/consensus.coindesk.com\/\">Consensus<\/a>, Miami<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to The Protocol, CoinDesk&#8217;s weekly wrap-up of the most important stories in cryptocurrency tech development. I&#8217;m Margaux Nijkerk, CoinDesk\u2019s Tech &amp; Protocols reporter. In this issue: Eclipse Launches $ES Airdrop, Distributing 15% of Token Supply Risc Zero\u2019s &#8216;Boundless&#8217; Incentivized Testnet Goes Live Bitcoin Devs Float Proposal to Freeze Quantum-Vulnerable Addresses \u2014 Even Satoshi Nakamoto\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37316","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37316"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37316\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}