Week in Ethereum News
May 4, 2024

Eth News and Links

Pectra (Prague + Electra) upgrade (meta EIP7600)

  • Latest all core devs – consensus (ACDC) call video. Recap from Alex Stokes.  Notes from Christine Kim:
    • Confirmation rule research: algorithm determines if block always in canonical chain
    • Pectra-devnet-0: plan to launch in ~10 days, client teams making good progress, attestation refactoring for EIP7549 taking extra time
    • EIP7684 return deposits for distinct credentials: proposal to mitigate deposit front-running for staking pools
    • PeerDAS: client teams making progress, synchrony assumption on sampling discussion
  • consensus-specs/releases v1.5.0-alpha.1: CL spec target of pectra-devnet-0, bug fixes for test cases & new fork tests
  • EIP2537 BLS12 precompile benchmarks
  • Future of EOA/AA breakout call #2 scheduled for May 7

Centralization watch: threatening the value of your ETH

Layer 1

Client Releases

  • Consensus layer:
    • Nimbus v24.4.0: stability & performance improvements
  • Execution layer:

For Stakers

Layer 2


  • EIPs:
    • EIP7701: Native account abstraction with EOF
  • ERCs (application layer):
    • ERC7700: Cross-chain storage router protocol 

Stuff for developers

  • EIP5792 site (wallet call API): API reference, capabilities & ecosystem support
  • Wagmi v2.8.0: adds experimental EIP5792 actions & hooks
  • Reth Execution Extensions (ExEx): post-execution hooks for building offchain infrastructure


  • Pike ~$2M in two exploits, first via weak security handling of cross-chain transfer protocol transfers (identified by auditor) and second via faulty upgrade to pause the protocol
  • DeFi risk modeling: security implications of economic research 


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): 3.4 to 91.4 gwei, with 8.4 gwei average
    • Zero net issuance currently at 23.2 gwei 
    • 11k ETH net issuance this week
  • ETHUSD: $2,859 – $3,342, currently $3,102
  • ETHBTC: currently 0.049 (Flippening at ~0.16)

Notable at app layer


  • Former Binance CEO CZ sentenced to four months prison
  • ENS challenge Unstoppable Domains patent


END OF SERVICE: plan to deprecate Week in Ethereum News

Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-may-4-2024

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