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- Local Ethereum #5
Local Ethereum #5
May 2025 Roundup

Artist: Liam Cobb
🌍 Beginning
Local Ethereum is a newsletter to cover the geo-story of Ethereum.
Asia 🌊
India: Base Batches features 2,600+ builders across 90 countries and offers up to $1M in ecosystem grants. Bangalore-based startup Devfolio is behind the logistics and operations for both this program and the Warpspeed: Agentic AI hackathon by Lightspeed.
Malaysia: Scroll co-founder Yezhang is bullish on Malaysian builders, especially with strong and organic communities like ETHKL and Etherscan.
China Mainland: Ant Digital launches Jovay L2 to join Ethereum’s RWAs party. ETHPanda‘s interview with new EF co-executive director Hsiao-Wei Wang. DappLearning continues to educate Dapp development, 5.5k GitHub star. ✨
Taiwan: 2025 ETHTaipei recap, highlighting its community-driven spirit. DeFiHackLabs May Community update. Learn more about Taiwan Ethereum Ecosystem Overview.
Hong Kong: A big win with the new stablecoin bill passing, establishing licensing regime amid global competition.
Singapore: Central bank has set a deadline of June 30 2025 for local crypto service providers to stop offering digital token (DT) services to overseas markets.
Japan: the mu team is bringing Ethereum to expo2025japan, showcasing Ethereum use cases and bringing users onchain! The Tokyo based Uzumaki research house welcomes Ethereum and zk researchers.
Europe 🏰
U.K.: London-based startup Aztec Network launches public testnet for privacy-focused Ethereum Layer 2.
Germany: Circles V2 launches, incorporating several projects incubated by Gnosis, including Safe, CoW Swap, and Gnosis Pay. This might just be the culmination of Berlin-based serial entrepreneur Martin Köppelmann's life’s work.
France: Many great Ethereum startups like Ledger originate from France. However, violent extortions targeting the crypto-wealthy have increased in recent months. Further reading: Personal and physical security for founders, operators, and investors.
Poland: ETHWarsaw hosts ongoing meetups. Come meet the ETHWarsaw new team members and the ambassadors.
Ukraine: ETHKyiv (June 13-15, 2025) is more than a hackathon, it’s a community of builders who inspire each other and collaborate through regular meetups, workshops, mini-hackathons, and innovative product development. Apply to join and hack.
Switzerland: D/ACC pop-up cities expand to Switzerland with Zuitzerland, a Swiss-inspired society sandbox running May 1-26, 2025.
Serbia: Serbia Ethereum Ecosystem Overview, highlights incredible startups like MVP Workshop and Tenderly, along with vibrant communities such as ETHBelgrade.
Turkey: ModaPalas is the home for zk & FHE enthusiasts.
North America 🗽
SEC says proof-of-stake staking activities do not constitute securities transactions.
With the closing of the $425 million private placement led by Consensys, SharpLink will become the largest publicly traded ETH holder globally.
Consensys acquired Web3Auth’s wallet infrastructure, aiming to improve the user experience on MetaMask.
Succinct introduces SP1 Hypercube, claiming real-time Ethereum proving
The Base ecosystem is growing. The network rebounds to 10 million daily transactions, leading in transaction count among Optimistic Rollups. The first-ever Base Batches just wrapped, 5,000+ builders across 90 countries. Avantis, a Base-based decentralized exchange for leverage trading, has raised $8 million Series A.
The Arbitrum DAO has approved STEP 2 proposals, allocating 35 million ARB to tokenized U.S. Treasury. More on Arbitrum RWA Landscape.
World raises $135 million from Andreessen Horowitz and Bain Capital Crypto to expand the network.
L2BEAT and Lido Finance now on the EEA Board, accelerating Ethereum enterprise integration.
Circle raises $1.05 billion in upsized US IPO. Its payments network mainnet is officially live.
CEX
Coinbase data breach affects 69,461 users. Those who were tricked into sending funds to the attacker will be reimbursed.
Coinbase to acquire crypto derivatives exchange Deribit in record $2.9 billion deal.
Robinhood completes $200 million acquisition of Luxembourg-based crypto exchange Bitstamp.
Latam 💃
Argentina: bringargentinaonchain.org, by Crecimiento. LambdaClass: Celebrating a year of ethrex, an Ethereum L1 Execution and L2 client. ETHKipu Q1 progress report.
Brazil: ETH Latam Brazil 2025 (Nov 2025), speaker application is open.
Africa 🦁
Big on wallets, light on volume: Africa’s crypto paradox.
Nigeria: Web3Bridge has successfully onboarded ~100 graduates into the Ethereum ecosystem through their cohort training. Graduates now work at companies like Nethermind, Scroll, and Lisk, have received Starknet grants, won Base hackathons, and contribute to Ethereum open source projects.
Oceania 🏄
Australia: Ethereum L2 RISE testnet reached 1 billion transactions. Monthly Ethereum Melbourne meetup for local cool nerds, May: LP Labyrinth, Recursive Liquidity Madness.
Global Ecosystem Update 🗺️
Ethereum Foundation outlines strategic vision for future growth: Scale L1, Scale L2s (i.e. blobs), and Improve UX (L2 interop + app layer focus).
Prior to this April, EF made the goals clear: 1) Maximize the number of people who (directly or indirectly) use Ethereum, in such a way that they benefit from Ethereum's underlying values. 2) Maximize the resilience of Ethereum's technical and social infrastructure.
The Pectra upgrade went live on May 7th, 2025 at 10:05:11 UTC. Learn more.
Smart wallet adoption surges with over 11,000 EIP-7702 authorizations on Ethereum within a week of Pectra upgrade, indicating healthy uptake by wallets and dapps.
Ethereum stablecoin volume hits record $908 billion as institutions, tech giants, and Trump jump in.
The Convergence of Crypto and AI by GSR.
Opportunities 💡
If you’re looking for a new opportunity in the Ethereum ecosystem, explore fresh roles at Ethereum Job Board, which we built with our friends at BuidlGuild.
Ethereum Foundation announced the Trillion Dollar Security Initiative. If you are interested in contributing, please share your input here.
Devcon team announced the Devconnect Scholars Program, as part of Devconnect ARG 2025. Applications are now open, until Monday, June 30th!
The Ethereum Foundation is sponsoring a global University Tour in partnership with BuidlGuidl, designed to activate student communities and grow the next generation of Ethereum builders.
Ethereum Season of Internships, where you can host a Summer Intern and help build the next generation of Ethereum contributors.
Immunefi launches 'All Stars' elite whitehat program.
Highlighted Events in June ✨
IC3 Blockchain Camp 2025, June 9-15, 2025, New York, U.S.;
Protocol BERG v2, June 12-13, 2025, Berlin, Germany;
ETHKyiv, June 13-15, 2025, Kyiv, Ukraine;
ZuBerlin Futura Garden, June 14-22, Berlin, Germany;
Dappcon, June 16-18, Berlin, Germany;
KTH Academic Nordic Blockchain Workshop, June 17, Stockholm, Sweden;
ZK Hack Berlin, June 20-22, 2025, Berlin, Germany;
ETHCluj, June 26-28, 2025, Cluj, Romania;
ETHCC, June 30- July 3, 2025, Cannes, France