Week in Ethereum News
January 6, 2024

Eth News and Links

Dencun (Cancun + Deneb) upgrade (meta EIP7569)

  • Latest all core devs – execution (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

Layer 1

Client releases

  • Consensus layer:
    • Nimbus v24.1.0: Goerli testnet Dencun upgrade and adds v3 blocks/{slot} Beacon API end-point
  • Execution layer:
    • Erigon v2.56.0: Goerli testnet Dencun upgrade
    • Nethermind v1.25.0-rc: Goerli testnet Dencun upgrade and OP Stack Canyon support



Layer 2


  • 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


  • 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


  • 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

Job Listings

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



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