Week in Ethereum News -The Latest Ethereum News and Upcoming Events This Week

Eth News and Links

Dencun (Cancun + Deneb) upgrade (meta {170467923989767})

Latest all core devs – ution (ACDE) call video. Recap by lightclient. Notes from lightclient & Christine Kim:
Testnet upgrade dates confirmed (assumes no issues): Goerli Jan 17, Sepolia Jan 30 & Holešky Feb 7

Pectra (Prague + Electra): discussed small feature upgrade first vs focusing on Verkle (~18 months) and reviewed proposed EIPs

Precompile address ranges: proposed EIP7587 (reserves 0x100-0x1ff for RIPs)

Centralization watch: threatening the value of your ETH

🚨 Lido at 31.71% is far too close to 33.3% threshold

Client diversity (via clientdiversity.org):

ution layer: Geth ~84% supermajority, could possibly cause a chain split, estimated to cost billions of dollars

Consensus layer: Prysm 41%, any client bug over 33.3% could mean loss of finality

Better geographic diversity is optimal, particularly outside of North America & Europe

Layer 1

libp2p TCP vs QUIC: TCP ~2x speed of QUIC

Client releases

Consensus layer:

Nimbus v24.1.0: Goerli testnet Dencun upgrade and adds v3 blocks/{slot} Beacon API end-point

ution layer:

Erigon v2.56.0: Goerli testnet Dencun upgrade

Nethermind v1.25.0-rc: Goerli testnet Dencun upgrade and OP Stack Canyon support

Research

Proposer selection with EIP7251 (increase max effective balance): probability remains the same for consolidated validators

MEV

Terence: timing games with blobs (post Dencun upgrade), may be more unpredictable

Timing.pics (dashboard of timing games): missed slots & bids selected by entity

Layer 2

Arbitrum Orbit supports using an ERC20 token for gas

L2s TVL flips other L1s

EIPs/Standards

EIPs

Informational EIP7587: Reserve precompile address range for RIPs

ERCs (application layer):

ERC7586: Interest rate swaps

ERC7588: Blob transactions metadata JSON schema

Stuff for developers

Reminder: Solidity developer survey 2023 closes January 7

Foundry multibuild: GitHub Action to test building project with range of Solidity versions

Overview of proxy contracts

Wagmi v2: TanStack Query support, connect multiple connectors, switch chains while disconnected and EIP6963 (multi injected provider discovery) support

Viem v2: low-level OP Stack actions & utilities and enhanced types

Secureum RACE # 25: {1704679239501029}

Security

Gamma (liquidity management) $4.5M exploit on Arbitrum via price manipulation

Radiant (Aave v2 fork) $4.5M exploit of new USDC market on Arbitrum via known rounding issue

Eco

Vitalik’s updated roadmap diagram

single slot finality (SSF) to resolve PoS design weaknesses, significant progress on rollups & Verkle trees, scourge redesigned, state expiry a low priority and VDFs dead for now

Devcon Southeast Asia in Bangkok, November 12-15

Onchain stats

Gas fees (via ultrasound.money): 7.9 to 329.4 gwei, with 19.8 gwei average

Zero net issuance currently at 22.0 gwei

1.7k ETH net issuance this week

ETHUSD: $2,187 - $2,434, currently $2,246

ETHBTC: currently 0.051 (Flippening at ~0.16)

Notable at app layer

Vitalik calls for L2 CCIP resolvers for low cost ENS subdomains

Daimo bundle compression reduces cost of ERC4337 transactions on L2

State of private voting

Regen Learnings: research group for public goods funding

Job Listings

Status is hiring: Technical Chief Operating Officer - Apply here

ZK circuits engineer sought by EF Privacy & Scaling Explorations team

Regulation/business/tokens

US tax code: receipt of $10k+ in crypto (for trade/business) to be reported to IRS within 15 days

SBF second trial dropped by DoJ, including charges for unlawful campaign contributions

Logan Paul’s CryptoZoo buy back after game not delivered, in exchange for waiving claims

UK users of centralized exchanges required to complete investor declaration

General

Orbit bridge $81M hack

Orange Spain internet outage, RIPE account hacked to misconfigure BGP routing & RPKI config

Upcoming Dates of Note

(new/changes in bold)
Jan 15 – EF’s Next Billion fellowship cohort 4 deadline
Jan 17 – Goerli testnet Dencun upgrade epoch 231680
Jan 30 – Sepolia testnet Dencun upgrade epoch 132608 (assuming no issues)
Feb 2-4 – ETH Cinco de Mayo hackathon (Cholula, Puebla)
Feb 3 – Ethereum Lima Day
Feb 7 – Holešky testnet Dencun upgrade epoch 29696 (assuming no issues)
Feb 23-Mar 3 – ETHDenver BUIDLWeek & hackathon
Mar 13-14 – ETHLatam (San Pedro Sula, Honduras)
Mar 15-17 – Pragma & ETHGlobal LondonMar 19-21 – ETH Canal (Panama City, Panamá)
Mar 21-24 – ETHTaipei conference & hackathon
Mar 27-30 – ETH Bucharest hackathon & conference
Mar 29-31 – ETH Seoul
Apr 5-26 – ETHGlobal Scaling Ethereum (virtual)
Apr 5-7 – EthereumZuri.ch conference & hackathon
Apr 12-14 – ETHDam (Amsterdam) conference & hackathon
May 3-5 – Pragma & ETHGlobal Sydney
May 21-23 – DappCon (Berlin)
May 24-26 – ETHBerlin
May 31-Jun 2 – ETHDublin hackathon & conference
May 31-Jun 2 – ETHPrague conference & hackathon
Jun 3-5 – ETH Belgrade conference
Jul 8-11 – EthCC (Brussels)
Jul 11-14 – Pragma & ETHGlobal Brussels
Jul 26-30 – EDCON Tokyo conference
Aug 23-Sep 13 – ETHGlobal ETHOnline (virtual)
Sep 20-22 – ETHGlobal Singapore
Oct 18-20 – Pragma & ETHGlobal San Francisco
Nov 12-15 – Devcon 7 - Southeast Asia (Bangkok)
Nov 15-17 – ETHGlobal Bangkok hackathon