Eth News and Links
SEC charges Consensys, US Supreme Court overrules Chevron deference and Reth (Paradigm’s Rust execution layer client) is production ready
All core devs
- All core devs – consensus (ACDC) #136:
- Presentation on private sharing of client info by validators research
- Péter Szilágyi: proposal to cross validate with other execution layer clients statelessly (before Verkle) and change engine API encoding from JSON to SSZ
- Pectra (Prague + Electra) upgrade:
- pectra-devnet-1: waiting on execution layer clients
- EIP6110 validator deposits onchain: proposal to rate limit deposit processing
- EIP7594 PeerDAS: peerdas-devnet-1 launched with 3 consensus layer clients, discussion on decoupling layers for blob count
- EIP7688 SSZ StableContainer: devnet running but not all clients have implemented, no decision yet on including in Electra
Pectra (Prague + Electra) upgrade, likely targeting Q1 2025
- Future of EOA/AA breakout #5: EIP7702 delegation designation proposal to be merged next week
- PeerDAS breakout #2: passing max blobs per block is preferred solution for decoupling layers, value should be configurable and fetching from execution layer pool experiment
Centralization watch: threatening the value of your ETH
- 🚨 Lido at 29.2%, still too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~55% majority
- Lighthouse client info in graffiti (7.4% of blocks): Geth 62%
- Consensus layer: Prysm 38%
- Any client bug over 33.3% could mean loss of finality
- Geographic distribution of validators, estimated using p2p data
Layer 1
- Gossipsub performance, recommends reducing concurrent IWANT messages sent & lowering heartbeat frequency
- EF Protocol Security Research team explainer of what they do
Research
- Orbit SSF: solo-staking-friendly validator set management for single slot finality
- Execution Auctions superior to Execution Tickets, simpler to implement but have centralization concerns (which may be curbed by Inclusion Lists)
Client Releases
- Consensus layer:
- Execution layer:
Layer 2
- Arbitrum Timeboost proposed, auction for express transaction submission (non-express transactions have a short delay), proceeds will either be in ARB (burnt) or ETH (collected)
- Flashbots: MEV on L2s
- Offchain Labs BlobWatcher: monitor transaction pool for blob transactions
- Blast phase 1 airdrop, goes in at $2B FDV
- L2Beat ZK Catalog: code verification of onchain ZK verifiers
For Stakers
- Stakesaurus: DVT home staking guide (Diva), aimed at novices
- Ethereum on ARM: full node (Geth + Nimbus) on Rock 5B 16 GB RAM with 2 physical cores
EIPs/Standards
- EIPs (Ethereum improvement proposals):
- EIP7727: EVM transaction bundles
- RIPs (Rollup improvement proposals):
- RIP7728: Precompile for L1SLOAD
- ERCs (application layer standards):
Stuff for developers
- Snekmate v0.1 (Vyper contracts): contracts made module friendly, targets Vyper v0.4.0
- Remix v0.51: adds SolidityScan to analyze code for vulnerabilities and supports EIP712 eth_signTypedData in Remix VM
- Patrick Collins: guide to where EVM can read/write data
- Gas playground: browser playground for Solidity contracts, uses live state (currently Base only)
- Guide to mine an efficient address using create2crunch
- EVMole v0.3.5 (function selector extractor): adds Vyper support
- Viem experimental adds Solady ERC1271 Actions
- Paradigm fellowship technical questions
- RareSkills Uniswap v2 puzzles
- Cyfrin updraft: updated Solidity & Foundry courses
Ecosystem
- EF Next Billion cohort 4 fellows
- ETHKyiv hackathon projects
Enterprise
- Stripe adding Base support to their crypto payouts & onramp
Job Listings
- Gnosis is hiring: Discord Moderator
- IMC: Quant Developer for DeFi and MEV focused team
- Privacy and Scaling Explorations: ZK Circuits Engineer
- Nethermind: Preconfirmations Senior Engineer, Protocol Researcher, Senior Content Marketing & Senior Marketing Manager
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Fees (via ultrasound.money):
- Gas: 1.2 to 31.4 gwei, 4.5 gwei average; zero net issuance at 23.5 gwei
- 13k ETH net issuance this week
- ETHUSD: $3,259 – $3,516, currently $3,385, all time high $4,878
- ETHBTC: currently 0.056 (Flippening at ~0.16)
Regulation/business/tokens
- SEC charges Consensys as an unregistered broker for MetaMask Swaps and claims MetaMask Staking sells securities (stETH & rETH)
- US Supreme Court:
- holds SEC violated right to trial by jury; no more SEC kangaroo courts
- overrules Chevron, courts no longer must defer to federal agency power grabs
- Coinbase filed FOIA lawsuits against SEC & FDIC over Biden’s Operation Chokepoint 2.0
- US Treasury finalized broker rule, but punts on DeFi
General
- Iranians vote: scan passport NFC to prove eligibility, generate ZK proof & vote on Gnosis chain
- Polyfill (JavaScript) supply chain attack, Cloudflare automatically replacing links
- Wired: home invader convicted of burglarizing & torture to steal crypto
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-29-2024
Upcoming Dates of Note
(new/changes in bold)
- Jul 7 – Devcon scholars program deadline
- Jul 9– Devcon ticket raffle & auction deadline
- Jul 8-11 – EthCC (Brussels) conference
- Jul 12-14 – ETHGlobal Brussels hackathon
- Jul 29-30 – EDCON Tokyo conference
- Aug 2-4 – Ethereum Argentina conference & hackathon
- Aug 7-9 – Science of Blockchain Conference (New York)
- Aug 15-17 – Ethereum Uruguay hackathon & conference
- Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon
- 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 – NapulETH (Napoli)
- Sep 13-14 – Ethereum México
- Sep 20-22 – ETHGlobal Singapore hackathon
- Sep 26-27 – ETHMilan conference
- Oct 4-6 – Ethereum Kuala Lumpur conference & hackathon
- Oct 4-6 – ETHRome hackathon
- Oct 17-19 – ETHSofia conference & hackathon
- Oct 18-20 – ETHGlobal San Francisco hackathon
- Nov 12-15 – Devcon 7 – Southeast Asia (Bangkok)
- Nov 15-17 – ETHGlobal Bangkok hackathon
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