BETH: ETHEREUM'S PROOF OF BURN TOKEN

Summary from the TLDR Crypto newsletter

Ethereum's new BETH token represents provably burned ETH, formalizing scarcity and making destruction auditable onchain. Users can burn ETH via a contract and receive BETH 1:1, turning Ethereum's burn mechanic into a transferable asset. This opens up new design space for DeFi, governance, and financial instruments built around proof of burn.