Greetings! 👋
Welcome to Local Ethereum, a newsletter where we cover the geo-story of Ethereum.
We explore and document the latest stories on Ethereum technology and community from every corner of the earth. Love what you read? Subscribe here for fresh updates.
Let’s dive in!
Asia 🌊
India: Everything you need to know about India Ethereum Ecosystem.
Singapore: DBS Bank to tokenize structured notes on Ethereum for institutional investors.
Philippines: The Philippines’ Department of Budget and Management (DBM) just launched a blockchain platform via Polygon. Key Budget documents are now transparent, accessible, and verifiable for all.
Thailand: The Bank of Thailand is allowing companies to pilot the Thai Baht stablecoin sandbox on the Ethereum L2 Base blockchain. Here’s a list of participants for Programmable Payment Project under the enhanced regulatory sandbox.
Mainland China
Despite regulatory uncertainties, Ethereum grassroots activities are still active.
ETH Shenzhen 2025 returns in Shenzhen, a global tech hub that grew from a fishing village to home to giants like Huawei and Tencent.
Ethereum Protocol Day co-hosted by Panta Rhei and DappLearning with a surprise appearance by Vyper core dev Charles.
New initiatives from ETHPanda and LXDAO: the MyFirstDApp Casual Hackathon and Web3 Interns Program.
Taiwan: DeFiHackLabs and Taipei Ethereum Meetup set excellent examples for Ethereum communities to engage with larger open source communities like COSCUP x RubyConf TW by hosting a Blockchain and Distributed Ledger track.
Hong Kong: Hong Kong’s IVD Medical adds $19M Ether to its treasury.
Japan: Japan’s Financial Services Agency plans 20% flat tax for crypto trades, creating a path to ETF offerings with tax code revision.
Europe 🏰
London: Aave Labs launched its RWA Market Horizon, a new lending market on Ethereum where institutions or other qualified users borrow stablecoins against real-world assets (RWAs).
France: It’s never too late to build. Morpho, an Ethereum lending protocol born in Paris, started from zero in 2021 and reached $7.4 billion TVL by Aug 30, 2025.
Turkey: Everything you need to know about Türkiye Ethereum Ecosystem Overview.
Poland: Everything you need to know about Poland Ethereum Ecosystem Overview.
North America 🗽
US govt begins posting macro data on public blockchains, including Bitcoin, Ethereum, and Solana.
Coinbase launches 'Embedded Wallets' for developers with built-in swaps and onramp.
Succinct launches decentralized prover network on mainnet, activates native PROVE token.
Treasury Purchases
SharpLink's ETH treasury reaches $3.6 billion after adding over 56,000 ether.
BitMine adds 317,000 ETH, pushing holdings to nearly $4.9 billion.
The Ether Machine purchased an additional 10,605 ETH worth $40M, as part of their long-term accumulation strategy.
ETHZilla has acquired 7,562 ETH at an average price of $4,531, bringing their total holdings to 102,237 ETH ($470M). And Gnosis co-founder Martin Köppelmann showed concern about previously it’s trying to fix pathological inflammation are now "buying ETH".
Latam 💃
Argentina: Aleph, hosted by Crecimiento, Latam’s biggest hackathon with a 6-week buildathon program and part of the Startup World Cup, is a massive success, featuring 1,350 registered hackers and 320 projects. Check out the cool winner projects here.
Brazil: The Ethereum developer pack in Florianopolis just began.
Mexico: The Mexico Crypto Adoption report by myosin, #13 worldwide in crypto adoption, #2 in LATAM, just behind Brazil, stablecoins = 90% of flows.
Bolivia: Buildathon 2025 by Ethereum Bolivia team.
Ecuador: Together with ETH Ecuador, ETHKipu started a new edition of free, in-person Solidity course.
Honduras: Ethereum Tegucigalpa hosted the first-ever ETH Jaguar hackathon.
Others: The Money Layer: LATAM Crypto 2025 Report by Dune.
Africa 🦁
Stablecoins in Africa by Lava VC.
Grassroots communities are active with organizing events like Web3Lagos Conference by Web3Bridge.
Seeking impartial news? Meet 1440.
Every day, 3.5 million readers turn to 1440 for their factual news. We sift through 100+ sources to bring you a complete summary of politics, global events, business, and culture, all in a brief 5-minute email. Enjoy an impartial news experience.
Global Ecosystem Update 🗺️
Improve UX
MetaMask introduces social login feature, allowing users to create wallets with Google accounts or Apple ID.
Stablecoins
Stablecoins have dominated headlines in 2025. Stablewatch created a nice Stablecoins Ecosystem Map. The infrastructure war began.
MetaMask set to launch mUSD stablecoin on Ethereum and Linea, issued by Stripe-owned Bridge
Ethereum Foundation Protocol AMA on Aug 29.
Octant is in collaboration with EF's Strategic Funding Coordination team, bringing you Epoch 9: Ethereum Stories.
Ecosystem Data 🔢
Client diversity has improved.
Centralization watch. Validator Distribution, Lido at 24%.
Total value locked on Ethereum. Reached $333.9b on September 1, up from $287.5b on August 1, marking a 16.1% month-over-month increase.
No. of Monthly active address + onchain value. And Ethereum's onchain volume surges to $346.14b in Aug 2025, a 4-year high.
Ethereum Treasuries. Across 71 entities surpass 4.4 million ETH, valued at over $19.68b on 31st Aug 2025.
Stabelcoin Adoption on Ethereum. Reached $150b on September 1, up from $133.8b on August 1, marking a 12.1% month-over-month increase.
Top 10 projects who generate the most fees on Ethereum:
Opportunities 💡
6 new roles are open at the Ethereum Foundation, learn more at Ethereum Job Board.
Funding the Commons Builder Residency: Buenos Aires 2025, a co-living & collaboration program for the commons to develop decentralized infrastructure. Apply now as a builder, or as a volunteer.
Blockfuse Web3 Dev Cohort IV registration is open from Sept 1 to Nov 1, 2025, and it is 100% free.
The Ethereum Foundation’s Use Case Lab is co-organizing a residency at Edge City Patagonia to advance real-world use cases, apply here.
Highlighted Events in July ✨
Builders Week Istanbul, Turkey, Sept 1–7
ShanhaiWoo 山海坞, Singapore, builder village, Sept 2–Oct 1
ETHAccra, Ghana, conference and hackathon, Sept 3–6
ETHWarsaw, Poland, conference and hackathon, Sept 4–7
ETHIstanbul, Turkey, conference and hackathon, Sept 5–7
ETHSafari, Kenya, conference and hackathon, Sept 7–14
ZuKas, Kaş, Turkey, co-living village, Sept 9–19
ETHTokyo 2025, Japan, conference and hackathon, Sept 12–15
Fintech Summit, Buenos Aires, Argentina, one-day conference by Crecimiento and Cámara Argentina Fintech, Sept 12
ETHBoston, Boston, United States, one-day conference, Sept 12
CHES 2025, Kuala Lumpur, Malaysia, Cryptographic Hardware and Embedded Systems conference, Sept 14–18
Edge City, Bhutan, builder village, Sept 14–21
EDCON, Osaka, Japan, Ethereum conference, Sept 16–19
Blocktrain, New Delhi, India, hackathon by Devfolio, Sept 20
Korea Blockchain Week 2025, Seoul, South Korea, Sept 22–28
ETHSofia, Sofia, Bulgaria, conference and workshops, Sept 24–25
ETHGlobal New Delhi, New Delhi, India, hackathon, Sept 26–28
Ethereum Singapore 2025, Singapore, conference, Sept 29–Oct 3
❤️❤️❤️
Love Local Ethereum? Share.
Have any comments or feedback? DM.
If your company is interested in reaching an audiences of regional community and ecosystem builders, developer communities, universities, startup partners, or policymakers, you may want to advertise with us.