Week in Ethereum News
August 8, 2021

Eth News and Links

Mainnet execution layer – London fork happened and 1559 is live!


  • EIP3709: deprecate transaction type 1

Proof of stake consensus layer


  • Arbitrum to launch this month in a few weeks with some safety rails
  • NXTP for crosschain transfers and contract calls from Connext. Onchain data model only, uses subgraphs

This newsletter is made possible thanks to Kwenta by Synthetix!

Kwenta enables traders to access real-world and derivative assets on-chain using the power of the Synthetix protocol. 

Long or short popular synthetic cryptocurrencies, commodities, forex, and equities without the limits or compromises of a centralized exchange. 

You can now also use L2 Kwenta on Optimism for low gas fees and blazing fast transactions!

Stuff for developers




  • GoQuorum v21.7.0 – new consensus engine for the QBFT algorithm.
  • Hyperledger Besu v21.7.2 – some hotfixes for London

Application layer – all the focus on London


  • US Senate drama: Yellen’s Treasury Dept glommed crypto regulations onto Biden’s trillion dollar infrastructure bill; Wyden (D-OR), Lummis (R-WY), Toomey (R-PA) amendment to make the anti-crypto regulations less bad, but Warner (D-VA), Portman (R-OH) and Sinema (D-AZ) create special carve out for PoW (and later other favored tech). Biden pushed Warner’s special carve out for PoW miners.
    • Votes are supposed to be today, follow Jake Chervinsky on Twitter for updates. Currently it appears leadership is pressuring for a compromise
    • Ryan Selkis compiled some undecided Senators: Lujan (D-NM), Collins (R-ME), Merkley (D-OR), Cantwell (D-WA), Bennett (D-CO), Manchin (D-WV), Markey (D-MA), Van Hollen (D-MD), Cortez Masto (D-NV), Rosen (D-NV), Gillibrand (D-NY), Cassidy (R-LA), Romney (R-UT), Hickenlooper (D-CO), Kelly (D-CO), Tuberville (R-AL), Hagerty (R-TN), Ossoff (D-GA)
  • You can’t be tough on BigTech while trying to kill off alternatives to it
  • SEC settles with DMM to disgorge profits from token sale and pay $125k individual fines
  • JP Koning: stablecoins are regulated
  • Justin Drake’s updated model for Eth supply and sell pressure reduction
  • Vineyard Holdings: a DCF valuation model for Eth
  • Nikhil Shamapant: 1559 and the triple halving thesis


Job Listings

Want to reach people experienced with Ethereum? List your job here. $345 per line (~75 character limit including spaces), payable in ETH (or 345 DAI or 345 USDC) to abcoathup.eth. Questions? abcoathup at-gmail

Follow @WeekinEthNews to find out what the most clicked links are. Follow @evan_van_ness and @abcoathup to get most of the week’s news in real time.

Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-august-8-2021/

Dates of Note

Upcoming dates of note (new/changes in bold):

Did you get forwarded this newsletter? Sign up to receive it weekly