Week in Ethereum News -The Latest Ethereum News and Upcoming Events This Week
Eth News and Links
Electra upgrade scope not finalized yet, Devcon ticket dates and Curve liquidations
All core devs
All core devs – consensus (ACDC) # 135:
Pectra (Prague + Electra) upgrade:
pectra-devnet-1: consensus layer client teams expect to be ready in 1-2 weeks and agreed to append committee bits field to end of attestation
EIP7594 PeerDAS: building on top of Deneb upgrade for now rather than Electra, aim for peerdas-devnet-1 in 2 weeks
Blob count increase: discussion on increase with/without PeerDAS or PeerDAS without an increase, needs analysis on devnets and proposal to uncouple blob count from ution layer
SSZ: EIP7688 change to SSZ StableContainer: devnet planned before next ACDC to help decide whether or not to include in Pectra
Naming F-starname upgrade discussion for upgrade after Electra
{1718591246987382} (Prague + Electra) upgrade, likely targeting Q1 2025
Consensus-specs v1.5.0-alpha.3: specs for pectra-devnet-1
PeerDAS breakout # 1: client implementation progress, proposal to move max blobs to config & uncouple blob count from ution layer, keep activation logic same for devnet-1 and bandwidth concerns for home stakers
Centralization watch: threatening the value of your ETH
🚨 Lido at 28.75%, still 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
Toni Wahrstätter: MEV-Boost users are reorged less & can better handle 6 blob blocks compared with non MEV-Boost users but they include less blobs as not incentivized
Parithosh: proposal to use torrents for distributing pre-merge data (EIP4444 history expiry)
Vitalik: inclusion list proposal using one-bit-per-attester
Potuz: preconfirmation designs compatibility with proposed ePBS
Client Releases
Consensus layer:
Lighthouse v5.2.0: adds in-memory tree-states, optimized epoch & block processing and ution client version in graffiti
ution layer:
Besu v24.6.0: Java v21 now minimum version and historic trie log data removed by default
For Stakers
Reth + Prysm archive node on $189 NanoPC-T6 board using ~10w
Lighthouse attestation simulator: Prometheus metrics for use with Grafana to track Beacon Node performance; suggests running in APAC impacts performance
Layer 2
OP Stack fault proofs live on OP mainnet, now a stage 1 L2 (limited training wheels)
RIP7212 secp256r1 precompile deployment status on L2s
ZKsync airdrop, GitHub users need to associate an address
Based preconfs live on devnet
EIPs/Standards
EIPs (Ethereum improvement proposals):
Meta EIP7723: Network upgrade inclusion stages
RIPs (rollup improvement proposals):
RIP7724 (clone of EIP7667 for zk rollups): Raise gas costs of hash functions
ERCs (application layer standards):
ERC838 (resurrected): ABI specification for REVERT reason string
ERC7720: Deferred token transfer (ERC20)
ERC7721: Lockable extension for ERC1155
ERC7722: Opaque token
Stuff for developers
Foundry show-progress flag: live progress of fuzz & invariant tests
Remix v0.50: QuickDapp plugin to create basic front end for contracts
Quantifying code complexity: CK, Martin & Halstead metrics using Slither printers
Guide to create a simple Solidity linter using Slang (Nomic Foundation’s compiler APIs)
RareSkills: ERC7201 namespaced storage layout explainer
Scaffold-ETH-Svelte: Scaffold-ETH v2 port to Svelte
EF Java team roadmap
Data Always PBS snapshot (Python ): create MEV data snapshots
Security
UwU (Aave v2 fork) $23M exploit via oracle manipulation
A further $3.7M stolen after unpausing protocol
Loopring smart wallet exploit via compromised 2FA service for wallets with only the Loopring guardian
Eco
Devcon tickets & tracks:
Ticket raffle/auction starts June 18, discount applications open July 9 & general admission Waves start July 16
Speaker applications open July 9
Clr.fund Southeast Asian Ethereum communities quadratic funding round
Job Listings
ChainSafe: Head of Protocol Engineering, DevRel - Sygma and more jobs
Alchemy - Wallet Services: Engineering Manager and Full-Stack Engineer
Gnosis is hiring: Discord Moderator and Senior Web3 Software Dev (Wallet)
IMC: Quant Developer for DeFi and MEV focused team
Privacy and Scaling Explorations: ZK Circuits Engineer
Nethermind: Preconfirmations Senior Engineer, Protocol Researcher, Site Reliability Engineer, Research Engineer - Starknet & Senior Marketing Manager
Onchain stats
Gas fees (via ultrasound.money): 2.4 to 104.0 gwei, with 10.7 gwei average
Zero net issuance currently at 23.5 gwei
9.7k ETH net issuance this week
ETHUSD: $3,367 - $3,713, currently $3,480, all time high $4,878
ETHBTC: currently 0.053 (Flippening at ~0.16)
Notable at app layer
Curve co-founder Michael Egorov liquidated, triggered by UwU exploit, causing ~$10M of bad debt which he has already repaid
100x (perps) live on Blast, up to 20x leverage on ETH & BTC, with Blast gold for orderbook liquidity [Starbloom portfolio]
Uniswap Labs acquired Crypto: The Game (onchain Survivor)
Regulation/business/tokens
SEC Chair Gensler “envisions]” [spot ETH ETFs S-1s to be approved over US summer but dodges question of whether ETH is a commodity
Alex Pertsev attempting to be released while he appeals
General
Privacy and Scaling Explorations trusted setup ceremonies via a browser:
Semaphore V4 phase 2
Upcoming Dates of Note
(new/changes in bold)
Jun 21 – EF EIP4844 data challenge extended deadline
Jun 21-23 – ETHKyiv hackathon & conference
Jul 7 – Devcon scholars program deadline
Jul 8-11 – EthCC (Brussels)
Jul 11-14 – Pragma & ETHGlobal Brussels
Jul 26-30 – EDCON Tokyo conference
Aug 2-4 – Ethereum Argentina
Aug 7-9 – Science of Blockchain Conference (New York)
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 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
