Week in Ethereum News
June 8, 2024

Eth News and Links

EOF included in Pectra upgrade, largest upgrade ever planned (19 EIPs), likely targeting Q1 2025

All core devs

  • All core devs – execution (ACDE) #189:
    • Pectra (Prague + Electra) upgrade:
      • Prague scope finalized after 6 months (Electra still to be finalized)
      • EOF included in Pectra
        • Nethermind, Besu, EthereumJS, Reth (EOF benefits) & Erigon support EOF before Verkle, Geth skeptical of upgrade size & priority of EOF
        • Discussed splitting Pectra, if EOF blocks Pectra move to separate upgrade
      • EIP7702 included in Pectra, replaces EIP3074, iterate on revocability design
      • Pectra-devnet-1: will include interop/devnet-0 spec changes, add EIP7702 (revocability may change) but exclude EOF (work on static tests first)
    • EIP158 state clearing: EOA with EIP7702 could be empty but have storage, may need to remove EIP158 either with EIP7702 or Verkle
    • EIP4444 history expiry: client teams working on Portal network but have competing priorities
    • ACD process improvements: new EIPs to be reviewed async, EIP proposed for inclusion (PFI) status to be used in upgrade planning

Pectra (Prague + Electra) upgrade

  • Future of EOA/AA breakout #4 (EIP7702):
    • Concerns around revocability, use optional nonce unless alternative found (max nonce & nonce manager non-starters), signing address vs code discussion & wallet best practices
  • Alex Stokes: PeerDAS & raising blob count, proposal to decouple layers for setting blob count and consensus clients to have maximum blob count flag for local block building

Osaka + F starname upgrade

  • Verkle implementers call #18:
    • Conversion from Merkle state to Verkle took ~16 days, potential EIP158 issue with EIP7702, warming system contracts & gas cost updates to EIP4762

Centralization watch: threatening the value of your ETH

Layer 1

Client Releases

  • Consensus layer:
    • Lodestar v1.19.0: flood publish disabled by default, Nodejs v22 default and AMD64 & ARM64 binaries
  • Execution layer:
    • Erigon v2.60.1: set tracer-observable value of a delegatecall to match parent value
    • Geth v1.14.5: hotfix for peer discovery; v1.14.4: 5-7% faster block import speeds, ETH supply live tracer and default minimum tip dropped to 0.001 gwei
    • Reth v0.2.0-beta.9: fix for docker; v0.2.0-beta.8: ensure Fork Choice Updated messages not missed when pruner active & changes to support OP mainnet

For Stakers

Layer 2

  • Consensys Linea paused sequencer & censored Velocore attacker addresses
  • Rollup.wtf dashboard: L2 real time performance showing TPS, MGas/s & KB/s


  • EIPs:
    • EIP7718: Portal Wire Protocol a framework for discv5
    • EIP7719: P2P History Network

Stuff for developers

  • Foundry adds Vyper support: deploy, test, debug & write scripts
  • Hardhat v2.22.5: adds limited support for blob transactions & hardhat-tracer reenabled
  • Slither v0.10.3: reduces false positives & improves performance
  • Snekmate (Vyper building blocks): module-friendly contracts, uses Vyper v0.4.0rc6
  • Prool: simulate local/bundler/indexer node over HTTP for TypeScript test runners e.g. Vitest
  • EVMole: improved accuracy in function argument extraction
  • Contract read/write:


  • Velocore (DEX) $6.8M exploit on zkSync & Linea via faulty logic
  • Security Alliance (SEAL) partnership with Security Research Legal Defense Fund to assist whitehats using safe harbor agreement


Job Listings

Job listings: $600 for 4 issues (75 char limit).  Pay using 3cities.  Questions? abcoathup at-gmail

Onchain stats

  • Gas fees (via ultrasound.money): 3.2 to 115.8 gwei, with 12.4 gwei average
    • Zero net issuance currently at 23.4 gwei 
    • 8k ETH net issuance this week
  • ETHUSD: $3,642 – $3,874, currently $3,686
  • ETHBTC: currently 0.053 (Flippening at ~0.16)

Notable at app layer

  • IYK platform public, link physical items to digital using NFC chips



  • CoinGecko data breach via third-party email platform; name, email, IP & location of email opens compromised 

END OF SERVICE: plan to deprecate Week in Ethereum News

Editor: @abcoathup
Follow @WeekinEthNews for the most clicked links
Permalink: https://weekinethereumnews.com/week-in-ethereum-news-june-8-2024

Upcoming Dates of Note

(new/changes in bold)

Sign up to receive this newsletter weekly