# Inside Aztec's Privacy L2

*Author: Bankless*
*Published: Aug 5, 2025*
*Source: https://www.bankless.com/read/inside-aztecs-privacy-l2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/04/image---2025-02-28T141745.574--2-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=read/getting-to-know-aztecs-privacy-first-ethereum-l2&email=true)

  
Inside Aztec's Privacy L2

  
  Published on Aug 5, 2025

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**gm Bankless Nation**,
Crypto is getting loud about privacy again. Today, we're digging into what Aztec is bringing to the conversation.

***Today's Issue*** ⬇️ 

- **☀️ Need to Know: **[***Liquid Staking Shift***](https://www.bankless.com/read/sec-says-liquid-staking-falls-outside-securities-law)
The SEC finally changes its tune on staking.
- **🗣️ Analysis:** [***Get to Know Aztec***](https://www.bankless.com/read/getting-to-know-aztecs-privacy-first-ethereum-l2)
Unpacking the privacy-first ETH L2.
- **🎧 Latest Pod:** [***ETH's Cycle Shift***](https://www.bankless.com/podcast/reflexive-capital-how-ethereum-treasury-companies-are-shaping-the-late-bull-cycle)
How treasury companies shifted the cycle.
*p.s. *[*Thanks to Bit Digital*](https://bit-digital.com/)*. Bit Digital ($BTBT) is a Nasdaq-listed public company that believes Ethereum can re-write the entire financial system. *[*Learn more*](https://bit-digital.com/)*.*

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=read/getting-to-know-aztecs-privacy-first-ethereum-l2&email=true) — Mantle is pioneering "Blockchain for Banking,” a revolutionary new category at the intersection of TradFi and Web3.

[Follow Mantle on X for Updates](https://www.bankless.com/sponsor/mantle-1706216729?ref=read/getting-to-know-aztecs-privacy-first-ethereum-l2&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
Liquid Staking Shift
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/08/Group-14---2025-08-05T185450.708.png)](https://www.bankless.com/dashboard)- 💦** SEC Says Liquid Staking Falls Outside Securities Law.** The new [guidance](https://www.bankless.com/read/sec-says-liquid-staking-falls-outside-securities-law) could help pave the way for ETH ETF staking approval.
- 📲** Solana Mobile Starts Shipping Second-Gen Seeker Smartphone. **Solana's next smartphone will [soon be in consumer hands](https://www.bankless.com/read/solana-mobile-starts-shipping-second-gen-seeker-smartphone), bringing new features and the promise of future rewards.
- 🔷 **SharpLink Adds $303M More ETH to Treasury. **The Ethereum-focused firm [picked up](https://www.bankless.com/read/sharplink-adds-303m-more-eth-to-treasury) 83,561 ETH using proceeds from stock sales.
📸**Daily Market Snapshot: **Markets chilled their ecstasy after Monday's rebound with nearly every top token solidly red on the day with most red on the week as well.

Prices as of 7pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.71T
       

  
    
    ↘ 1.8% 
  

   
    
    ↘ 5.1% 
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $114,063
       

  
    
    ↘ 1.1% 
  

   
    
    ↘ 3.2% 
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,606
       

  
    
    ↘ 3.3% 
  

   
    
    ↘ 4.8%