Week in Ethereum News -The Latest Ethereum News and Upcoming Events This Week
Eth News and Links
PeerDAS included in Pectra upgrade but with separate activation epoch, proposal to extend ENS to Layer 2 & Biden vetos congressional disapproval of SEC SAB 121
All core devs
All core devs – consensus (ACDC) # 134. Notes from {1717384307522074}:
Pectra (Prague + Electra) upgrade:
Discussion on when/what to ship:
Options included splitting Pectra (Lodestar proposal) or replacing EIPs with PeerDAS
EIP7594 PeerDAS: included in Pectra but with separate activation epoch to allow moving to a later upgrade if needed
Blob size increase: no decision (blob target of 3 reached this week)
EIP7688 change SSZ data to StableContainer: no decision, discuss at next ACDC, need more implementation progress
Tim Beiko: process improvement proposals for All Core Devs, network upgrades & Eth Magicians, discuss at next ACDE
{1717384307477971} (Prague + Electra) upgrade
Future of EOA/AA breakout # 3: EIP7702 refinements to be merged, next breakout June 5 to discuss potential changes, ERC-standardized proxy contract & wallet best practices
{1717384307442034} upgrade
Verkle progress, best case ~2025
Centralization watch: threatening the value of your ETH
🚨 Lido increased to 29%, too close to 33.3% threshold
Client diversity (via clientdiversity.org):
ution layer: Geth ~55% majority
Consensus layer: Prysm 38%
Any client bug over 33.3% could mean loss of finality
Better geographic diversity is optimal, particularly outside of North America & Europe
Layer 1
Péter Szilágyi: full node space requirements, 800GB for blocks & receipts + 250GB for active state & Geth snapshots
Proposed issuance reduction FAQ
Blob impact on reorgs, increasing by 2.3 blobs increases reorg probability to 0.59%
Gossipsup performance in P2P, average effectiveness ratio is more than 1:10 across topics
Terence: delayed ution, benefit of pipelining consensus & ution in ePBS
Client Releases
ution layer:
Besu v24.5.2: default Bonsai storage mode to use code storage by code hash & use flat db and new RPC methods to get/set vanity extra data in a built block
For Stakers
Obol staking mastery program to develop educational leaders
Layer 2
Base gas target increased to 7.5 Mgas/s
OP Stack custom gas token, beta
Taiko live, plans to become optimistic-zk hybrid based rollup
L2BEAT: Layer 3 projects TVL
Ed Felten: selling MEV separately can give more revenue than shared MEV auctions
Vitalik: Layer 2s as cultural extensions of Ethereum
EIPs/Standards
EIPs:
EIP7716: Anti-correlation attestation penalties
ERCs (application layer):
ERC7717: Deterministic AA wallet
Stuff for developers
Compiler fingerprinting using bytecode-specific heuristics
Runtime Verification Simbolik: Solidity debugger VS Code extension, private beta
0xngmi Etherscan verification: verify an already verified contract on another chain
RareSkills: guide to ABI encoding for function calls
Ape v0.8.0 (Python contract framework): major refactor
Tevm (Type EVM toolkit): in browser devnet & Solidity ing
TracEVM: track values & addresses of slots in a contract
R55: Rust contract compiled to RISCV bytecode run inside an ution client
CTFs:
OpenZeppelin Ethernaut new level: Stake
Red Guild: devcontainers, preconfigured dev sandbox in a Docker container
Security
Normie token exploit on Base, via transfer function check for balance matching team wallet
Eco
ETHBerlin hackathon winners
Devcon supporter program to assist impact teams with free tickets
Job Listings
Alchemy - Wallet Services: Engineering Manager and Full-Stack Engineer
ChainSafe: Head of Protocol Engineering, DevRel - Sygma and more jobs
Privacy and Scaling Explorations: ZK Circuits Engineer
Onchain stats
Gas fees (via ultrasound.money): 2.1 to 75.6 gwei, with 10.4 gwei average
Zero net issuance currently at 23.3 gwei
9k ETH net issuance this week
ETHUSD: $3,712 - $3,959, currently $3,758
ETHBTC: currently 0.056 (Flippening at ~0.16)
Notable at app layer
ENS Labs ENSv2 proposal to extend to Layer 2 (either select an L2 or create their own)
Uniswap Foundation postpone fee reward vote
MEV scanner: reports amount of MEV for an address via website, X/Telegram/Discord bot
Regulation/business/tokens
Biden vetos congressional disapproval of SEC Staff Accounting Bulletin 121 that precluded banks offering crypto custody
Democrats still doing anti crypto actions, despite recent campaign outreach
SEC ordered to pay $1.8M in legal expenses for “bad faith” crypto lawsuit
US Treasury NFT risk assessment, rarely used for terrorist financing, susceptible to use in fraud/scams & being stolen
SEC Commissioner Peirce proposes opening UK sandbox to US
Former FTX utive Ryan Salame sentenced to 7.5 years
Matter Labs (zkSync) applied for ZK trademark
General
Vitalik: Bitcoin block size war reflections, embrace new tech or stagnate
SPDZ: colab notebook for generic MPC scheme split into preprocessing & online phases
Length Extension Attacks: hash functions using Merkle–Damgård construction are vulnerable
Ticketmaster data breach via third-party cloud database provider
Reminder: Week in Ethereum News (ES): Spanish translation of the newsletter
Upcoming Dates of Note
(new/changes in bold)
Jun 14 – EF EIP4844 data challenge deadline
Jun 21-23 – ETHKyiv hackathon & conference
Jul 8-11 – EthCC (Brussels)
Jul 11-14 – Pragma & ETHGlobal Brussels
Jul 26-30 – EDCON Tokyo conference
Aug 2-4 – Ethereum Argentina
Aug 15-17 – Ethereum Uruguay hackathon & conference
Aug 23-Sep 13 – ETHGlobal ETHOnline (virtual)
Aug 23-26 – ETHTokyo hackathon & conference
Aug 29-31 – ETHAccra hackathon
Sep 5-8 – ETHWarsaw conference & hackathon
Sep 9-15 – ETHSafari (Kenya)
Sep 12-14 – how to buy Enjin Coin (Napoli)
Sep 13-14 – Ethereum México
Sep 20-22 – ETHGlobal Singapore
Sep 26-27 – ETHMilan conference
Oct 4-6 – Ethereum Kuala Lumpur conference & hackathon
Oct 4-6 – ETHRome
Oct 17-19 – ETHSofia hackathon & conference
Oct 18-20 – how to buy Aleph Zero & ETHGlobal San Francisco
Nov 12-15 – Devcon 7 - Southeast Asia (Bangkok)
Nov 15-17 – ETHGlobal Bangkok hackathon
