Week in Ethereum News -The Latest Ethereum News and Upcoming Events This Week

2024-06-17, 02:27

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## Eth News and Links
Electra upgrade scope not finalized yet, Devcon ticket dates and Curve liquidations
### All core devs
[All core devs – consensus (ACDC) # 135](https://ethereum-magicians.org/t/all-core-devs-consensus-acdc-call-135/20284 "All core devs – consensus (ACDC) # 135"):

**Pectra (Prague + Electra) upgrade:**

**pectra-devnet-1**: consensus layer client teams expect to be ready in 1-2 weeks and agreed to append committee bits field to end of attestation

**EIP7594 PeerDAS**: building on top of Deneb upgrade for now rather than Electra, aim for peerdas-devnet-1 in 2 weeks

**Blob count increase**: discussion on increase with/without PeerDAS or PeerDAS without an increase, needs analysis on devnets and proposal to uncouple blob count from execution layer

**SSZ**: EIP7688 change to SSZ StableContainer: devnet planned before next ACDC to help decide whether or not to include in Pectra

[Naming F-starname upgrade discussion](https://ethereum-magicians.org/t/f-star-name-for-consensus-layer-upgrade-after-electra/20285 "Naming F-starname upgrade discussion") for upgrade after Electra

### {1718591246987382} (Prague + Electra) upgrade, likely targeting Q1 2025

Consensus-specs [v1.5.0-alpha.3](https://github.com/ethereum/consensus-specs/releases/tag/v1.5.0-alpha.3 "v1.5.0-alpha.3"): specs for pectra-devnet-1

[PeerDAS breakout # 1](https://ethereum-magicians.org/t/peerdas-breakout-1/20275 "PeerDAS breakout # 1"): client implementation progress, proposal to move max blobs to config & uncouple blob count from execution layer, keep activation logic same for devnet-1 and bandwidth concerns for home stakers

### Centralization watch: threatening the value of your ETH
**🚨 [Lido at 28.75%](https://dune.com/hildobby/eth2-staking "Lido at 28.75%"), still too close to [33.3% threshold](https://www.youtube.com/watch?v=Y0ddkSa1ZuI&t=1050s "33.3% threshold")**

Client diversity (via [clientdiversity.org](https://clientdiversity.org/#distribution "clientdiversity.org")):

Execution layer: Geth ~55% majority

Consensus layer: Prysm 38%

Any client bug over 33.3% could mean loss of finality

Better [geographic diversity is optimal](https://nodewatch.io/ "geographic diversity is optimal"), particularly outside of North America & Europe
### Layer 1
Toni Wahrstätter: [MEV-Boost users are reorged less](https://ethresear.ch/t/blobs-reorgs-and-the-role-of-mev-boost/19783 "MEV-Boost users are reorged less") & can better handle 6 blob blocks compared with non MEV-Boost users but they include less blobs as not incentivized

Parithosh: [proposal to use torrents for distributing pre-merge data](https://ethresear.ch/t/torrents-and-eip-4444/19788 "proposal to use torrents for distributing pre-merge data") (EIP4444 history expiry)

Vitalik: [inclusion list proposal](https://ethresear.ch/t/one-bit-per-attester-inclusion-lists/19797 "inclusion list proposal") using one-bit-per-attester

Potuz: [preconfirmation designs](https://ethresear.ch/t/the-contention-between-preconfs-and-epbs/19770 "preconfirmation designs") compatibility with proposed ePBS
### Client Releases
Consensus layer:

Lighthouse [v5.2.0](https://github.com/sigp/lighthouse/releases/tag/v5.2.0 "v5.2.0"): adds in-memory [tree-states](https://x.com/sproulM_/status/1800419983648002148 "tree-states"), optimized epoch & block processing and execution client version in graffiti

Execution layer:

Besu [v24.6.0](https://github.com/hyperledger/besu/releases/tag/24.6.0 "v24.6.0"): Java v21 now minimum version and historic trie log data removed by default
### For Stakers
Reth + Prysm [archive node on $189 NanoPC-T6 board](https://x.com/ethereumonarm/status/1800436894418805198 "archive node on $189 NanoPC-T6 board") using ~10w

[Lighthouse attestation simulator](https://lighthouse-blog.sigmaprime.io/attestation-sim.html "Lighthouse attestation simulator"): Prometheus metrics for use with Grafana to track Beacon Node performance; suggests running in APAC impacts performance
### Layer 2
OP Stack [fault proofs](https://optimism.mirror.xyz/izdAoJ8ooyhDfwFLFoCcUfB1icPLFn8AImBws4oaqw8 "fault proofs") live on OP mainnet, now a stage 1 L2 (limited training wheels)

[RIP7212 secp256r1 precompile](https://getclave.notion.site/2295a4513abe46f5a49a41097b88def0 "RIP7212 secp256r1 precompile") deployment status on L2s

ZKsync [airdrop](https://blog.zknation.io/zk-token/ "airdrop"), GitHub users need to associate an address

[Based preconfs](https://x.com/drakefjustin/status/1801321889152835758 "Based preconfs") live on devnet
### EIPs/Standards
EIPs (<a href="/ar/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> improvement proposals):

Meta [EIP7723](https://github.com/ethereum/EIPs/pull/8662/files "EIP7723"): Network upgrade inclusion stages

RIPs (rollup improvement proposals):

[RIP7724](https://github.com/ethereum/RIPs/pull/26/files "RIP7724") (clone of EIP7667 for zk rollups): Raise gas costs of hash functions

ERCs (application layer standards):

[ERC838](https://github.com/ethereum/ERCs/pull/477/files "ERC838") (resurrected): ABI specification for REVERT reason string

[ERC7720](https://ercs.ethereum.org/ERCS/erc-7720 "ERC7720"): Deferred token transfer (ERC20)

[ERC7721](https://github.com/ethereum/ERCs/pull/466/files "ERC7721"): Lockable extension for ERC1155

[ERC7722](https://github.com/ethereum/ERCs/pull/468/files "ERC7722"): Opaque token
### Stuff for developers
Foundry [show-progress flag](https://x.com/lucasmanuel_eth/status/1801353643410530393 "show-progress flag"): live progress of fuzz & invariant tests

Remix [v0.50](https://medium.com/remix-ide/remix-release-v0-50-0-1b0ca47ce2d9 "v0.50"): QuickDapp plugin to create basic front end for contracts

[Quantifying code complexity](https://medium.com/devtooligan/quantifying-complexity-in-smart-contracts-the-adventures-of-uncle-bob-and-the-clean-code-crew-099bb2b5b397 "Quantifying code complexity"): CK, Martin & Halstead metrics using Slither printers

Guide to [create a simple Solidity linter using Slang](https://blog.nomic.foundation/how-to-write-your-own-solidity-linter-using-slang-356e7565ad1b "create a simple Solidity linter using Slang") (Nomic Foundation’s compiler APIs)

RareSkills: [ERC7201 namespaced storage layout](https://www.rareskills.io/post/erc-7201 "ERC7201 namespaced storage layout") explainer

[Scaffold-ETH-Svelte](https://github.com/ByteAtATime/scaffold-eth-svelte/#readme "Scaffold-ETH-Svelte"): Scaffold-ETH v2 port to Svelte

[EF Java_script_ team](https://docs.google.com/presentation/d/1ya-SlYR6WdnQ0oMqbeCl2FH75j_zMLcnB87jwmoAgwU/edit "EF Java_script_ team") roadmap

Data Always [PBS snapshot](https://github.com/dataalways/pbs-snapshot#readme "PBS snapshot") (Python _script_): create MEV data snapshots
### Security
UwU (<a href="/ar/price/aave-aave" target="_blank" class="blog_inner_link">Aave</a> v2 fork) [$23M exploit](https://rekt.news/uwulend-rekt/ "$23M exploit") via oracle manipulation

A further [$3.7M stolen](https://x.com/BarryFried1/status/1801234097303437699 "$3.7M stolen") after unpausing protocol

[Loopring smart wallet exploit](https://x.com/loopringorg/status/1799791898296451515 "Loopring smart wallet exploit") via compromised 2FA service for wallets with only the <a href="/ar/price/loopring-lrc" target="_blank" class="blog_inner_link">Loopring</a> guardian
### Ecosystem
[Devcon tickets & tracks](https://blog.ethereum.org/2024/06/11/devcon7-ticket-detail "Devcon tickets & tracks"): 
Ticket raffle/auction starts June 18, discount applications open July 9 & general admission <a href="/ar/price/waves-waves" target="_blank" class="blog_inner_link">Waves</a> start July 16

Speaker applications open July 9

Clr.fund [Southeast Asian Ethereum communities](https://blog.ethereum.org/2024/06/14/devcon7-qf-sea "Southeast Asian Ethereum communities") quadratic funding round

## Job Listings
ChainSafe: [Head of Protocol Engineering](https://grnh.se/c6e27e794us "Head of Protocol Engineering"), [DevRel](https://grnh.se/6627a6284us "DevRel") - Sygma and [more jobs](https://grnh.se/108a0afd4us "more jobs")

[Alchemy](https://www.alchemy.com/careers "Alchemy") - Wallet Services: [Engineering Manager](https://grnh.se/cc56a4365us "Engineering Manager") and [Full-Stack Engineer](https://grnh.se/5a40c3b55us "Full-Stack Engineer")

<a href="/ar/price/gnosis-gno" target="_blank" class="blog_inner_link">Gnosis</a> is hiring: [Discord Moderator](https://gnosis.jobs.personio.com/job/1166297?_pc=1517287 "Discord Moderator") and [Senior Web3 Software Dev (Wallet)](https://gnosis.jobs.personio.com/job/1569366?display=en&_pc=1517287 "Senior Web3 Software Dev (Wallet)")

IMC: [Quant Developer](https://imczug.recruitee.com/o/quant-developer-defi "Quant Developer") for DeFi and MEV focused team

Privacy and Scaling Explorations: [ZK Circuits Engineer](https://jobs.lever.co/ethereumfoundation/7a7da3a9-a080-40a9-8aed-9e81641650a4 "ZK Circuits Engineer")

Nethermind: [Preconfirmations Senior Engineer](https://boards.eu.greenhouse.io/nethermind/jobs/4344191101 "Preconfirmations Senior Engineer"), [Protocol Researcher](https://boards.eu.greenhouse.io/nethermind/jobs/4347537101 "Protocol Researcher"), [Site Reliability Engineer](https://boards.eu.greenhouse.io/nethermind/jobs/4321978101 "Site Reliability Engineer"), [Research Engineer](https://boards.eu.greenhouse.io/nethermind/jobs/4297652101 "Research Engineer") - Starknet & [Senior Marketing Manager](https://boards.eu.greenhouse.io/nethermind/jobs/4346942101 "Senior Marketing Manager")

### Onchain stats
Gas fees (via [ultrasound.money](https://ultrasound.money/#gas "ultrasound.money")): 2.4 to 104.0 gwei, with 10.7 gwei average

Zero net issuance currently at 23.5 gwei

9.7k ETH net issuance this week

ETHUSD: $3,367 - $3,713, currently $3,480, all time high $4,878

ETHBTC: currently 0.053 (Flippening at ~0.16)

### Notable at app layer
Curve co-founder [Michael Egorov liquidated](https://x.com/newmichwill/status/1801255607137165390 "Michael Egorov liquidated"), triggered by UwU exploit, causing ~$10M of bad debt which he has already repaid

[100x](https://medium.com/100xfinance/introducing-100x-b86bb13fbe6a "100x") (perps) live on Blast, up to 20x leverage on ETH & BTC, with Blast gold for orderbook liquidity [[Starbloom](https://twitter.com/starbloomvent "Starbloom") portfolio]

[Uniswap Labs](https://x.com/uniswap/status/1800196800684732423 "Uniswap Labs") acquired Crypto: The Game (onchain Survivor)

### Regulation/business/tokens
SEC Chair Gensler “envision[s]” [spot ETH ETFs S-1s to be approved](https://x.com/evan_van_ness/status/1801303162848219569 "spot ETH ETFs S-1s to be approved") over US summer but dodges question of whether ETH is a commodity

[Alex Pertsev attempting to be released](https://www.dlnews.com/articles/regulation/tornado-cash-dev-alexey-pertsev-battles-to-get-out-of-jail "Alex Pertsev attempting to be released") while he appeals
### General
Privacy and Scaling Explorations trusted setup ceremonies via a browser:

[Anon Aadhaar v2](https://x.com/AnonAadhaar/status/1800209133477720564 "Anon Aadhaar v2")

[Semaphore V4](https://x.com/privacyscaling/status/1800478650200166866 "Semaphore V4") phase 2

## Upcoming Dates of Note
(new/changes in **bold**)
**Jun 21 – [EF EIP4844 data challenge](https://esp.ethereum.foundation/data-challenge-4844 "EF EIP4844 data challenge") extended deadline**
Jun 21-23 – [ETHKyiv](https://www.ethkyiv.org/ "ETHKyiv") hackathon & conference
Jul 7 – [Devcon scholars program](https://blog.ethereum.org/2024/06/07/devcon7-scholars "Devcon scholars program") deadline
Jul 8-11 – [EthCC](https://www.ethcc.io/ "EthCC") (Brussels)
Jul 11-14 – [Pragma](https://ethglobal.com/events/pragma-brussels "Pragma") & [ETHGlobal Brussels](https://ethglobal.com/events/brussels "ETHGlobal Brussels")
Jul 26-30 – [EDCON Tokyo](https://www.edcon.io/ "EDCON Tokyo") conference 
Aug 2-4 – [Ethereum Argentina](https://twitter.com/etherargentina/status/1789007740968284434 "Ethereum Argentina")
**Aug 7-9 – [Science of Blockchain Conference](https://www.sbc-conference.com/ "Science of Blockchain Conference") (New York)**
Aug 15-17 – [Ethereum Uruguay](https://twitter.com/EthereumUruguay/status/1786144213328879817 "Ethereum Uruguay") hackathon & conference
Aug 23-Sep 13 – ETHGlobal [ETHOnline](https://ethglobal.com/events/ethonline2024 "ETHOnline") (virtual)
Aug 23-26 – [ETHTokyo](https://www.ethtokyo.com/ "ETHTokyo") hackathon & conference
Aug 29-31 – [ETHAccra](https://ethaccra.xyz/ "ETHAccra") hackathon
Sep 5-8 – [ETHWarsaw](https://www.ethwarsaw.dev/ "ETHWarsaw") conference & hackathon
Sep 9-15 – [ETHSafari ](https://ethsafari.xyz/ "ETHSafari ")(Kenya)
Sep 12-14 – <a href="/ar/how-to-buy/enjin-coin-enj" target="_blank" class="blog_inner_link">how to buy Enjin Coin</a> (Napoli)
Sep 20-22 – [ETHGlobal Singapore](https://ethglobal.com/events/singapore2024 "ETHGlobal Singapore")
Sep 26-27 – [ETHMilan](https://www.ethmilan.xyz/ "ETHMilan") conference
Oct 4-6 – [Ethereum Kuala Lumpur](https://www.2024.ethkl.org/ "Ethereum Kuala Lumpur") conference & hackathon
Oct 4-6 – [ETHRome](https://ethrome.org/ "ETHRome")
Oct 17-19 – [ETHSofia](https://www.ethsofia.com/ "ETHSofia") hackathon & conference
Oct 18-20 – <a href="/ar/how-to-buy/aleph-zero-azero" target="_blank" class="blog_inner_link">how to buy Aleph Zero</a> & [ETHGlobal San Francisco](https://ethglobal.com/events/sanfrancisco2024 "ETHGlobal San Francisco")
Nov 12-15 – [Devcon 7 - Southeast Asia ](https://devcon.org/ "Devcon 7 - Southeast Asia ")(Bangkok)
Nov 15-17 – [ETHGlobal Bangkok](https://ethglobal.com/events/bangkok "ETHGlobal Bangkok") hackathon

<div class="blog-details-info">
<div>Disclaimer
<div>Author: Andrew B Coathup and Evan Van Ness, WeekiNethereum.substack Team
<div>Editor: Gate.io Blog Team
<div class="info-tips">\*This article represents only the views of the author and does not constitute any investment suggestions.
<div>\*Copyright is reserved by WeekiNethereum.substack Team. Please contact us to remove any infringement.
</div>

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