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

2024-05-27, 01:55

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## Eth News and Links
### All core devs
All core devs – execution (ACDE) # 188 {1716774932922870}.  Notes from {1716774932555937} and {1716774932739060}:

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

**Discussion on when/what to ship:**

EF testing team [upgrade options](https://notes.ethereum.org/ethpandaops/pectra-fork-thoughts "upgrade options"), prefer splitting Pectra into two upgrades

[Reth](https://docs.google.com/document/d/1IfOnozIhp93qkqZ7Jt-jVUvcdRDAv7HOdP4lnsOpu74/edit "Reth") propose shipping a big upgrade in Q1 2025 with PeerDAS & EOF

Including EOF delays Pectra by ~3 months, support from some EL teams & Solidity

[EOF benchmarks](https://notes.ethereum.org/ipsilon/solidity_eof_poc "EOF benchmarks") show some reductions in code size & gas

PeerDAS & blob size increase priorities to be discussed by CL teams at ACDC, then finalize Pectra scope at next ACDE

**EIP7702** replaces EIP3074, CFId, add to next devnet, breakout room needed to [finalize spec](https://github.com/ethereum/EIPs/pull/8561 "finalize spec") (optional nonce & chain ID) before including in Pectra

Execution API proposal to optionally include return data in transaction receipts

Minimum priority fee: Geth defaults to 1 gwei, evaluate lowering, no need to standardize

Using Portal network’s history network for history expiry

Client team interop (Kenya) focused on Pectra, PeerDAS & Verkle:

[Pectra-devnet-0 & peerdas-devnet-0](https://x.com/parithosh_j/status/1791897641837596833 "Pectra-devnet-0 & peerdas-devnet-0") launched

[EOF breakout](https://hackmd.io/shemnon/nyota-eof-breakout "EOF breakout"): discussion on whether to include in Pectra & spec updates

[PeerDAS](https://notes.ethereum.org/fradamt/peer-das-design-interop "PeerDAS"): design simplifications

[History expiry plan](https://hackmd.io/6iQDuIePQjyYBqDChYw_jg/BkgzJ3EmR "History expiry plan")

### Centralization watch: threatening the value of your ETH
**🚨 [Lido at 28.5%](https://dune.com/hildobby/eth2-staking "Lido at 28.5%") still too close to [33.3% threshold](https://www.youtube.com/watch?v=Y0ddkSa1ZuI&t=1050s "33.3% threshold")**

[Lido node operator (Numic)](https://research.lido.fi/t/lido-on-ethereum-node-operator-numic-security-incident-disclosure-may-21-2024/7536 "Lido node operator (Numic)") breach of dev machine with encrypted key backups

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

Execution layer: Geth ~55% majority

Consensus layer: Prysm 37%

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
Data Always: [min-bid setting effectiveness](https://x.com/data_always/status/1792650204107219303 "min-bid setting effectiveness")
### Research
[Anonymous Inclusion Lists (anon-ILs)](https://ethresear.ch/t/anonymous-inclusion-lists-anon-ils/19627 "Anonymous Inclusion Lists (anon-ILs)"): distributed mechanism for anonymizing IL proposers
### Client Releases
Consensus layer:

Nimbus [v24.5.1](https://github.com/status-im/nimbus-eth2/releases/tag/v24.5.1 "v24.5.1"): beacon & builder API improvements and fixes v24.5.0 compatibility issue with certain hardware
### Layer 2
Vitalik: [Layer 2s vs execution sharding](https://vitalik.eth.limo/general/2024/05/23/l2exec.html "Layer 2s vs execution sharding")

L2BEAT proposed [data availability risk framework](https://gov.l2beat.com/t/data-availability-risk-framework-call-for-feedback/275 "data availability risk framework")

[Taiko](https://taiko.mirror.xyz/RjxK3mrDw_ek1w-P768h0Oqghpv8pdfSQ-A51n-izZg "Taiko") airdrop, eligible GitHub contributors need to bind an address
### EIPs/Standards
EIPs:

[EIP7709](https://github.com/ethereum/EIPs/pull/8578/files "EIP7709"): Read BLOCKHASH from storage and update cost

[EIP7713](https://github.com/ethereum/EIPs/pull/8594/files "EIP7713"): Box types for EIP712 messages

RIPs (Rollup Improvement Proposals):

[RIP7711](https://github.com/ethereum/RIPs/pull/22/files "RIP7711"): RIP7560 transactions bundle transaction type

[RIP7712](https://github.com/ethereum/RIPs/pull/23/files "RIP7712"): Enable RIP7560 transactions using a two-dimensional nonce

ERCs (application layer):

[ERC7710](https://github.com/ethereum/ERCs/pull/433/files "ERC7710"): Contract delegation interfaces

[ERC7714](https://github.com/ethereum/ERCs/pull/435/files "ERC7714"): Simple permissions checks

[ERC7715](https://github.com/ethereum/ERCs/pull/436/files "ERC7715"): Request permissions from wallets
### Stuff for developers
Solidity [v0.8.26](https://soliditylang.org/blog/2024/05/21/solidity-0.8.26-release-announcement "v0.8.26"): require with custom errors (via-IR only), Yul optimizer improved default sequence and JSON output format slightly changed

Remix [v0.49](https://medium.com/remix-ide/remix-release-v0-49-0-b396ab7fff2b "v0.49"): RemixAI improvements & TOML syntax highlighting

Foundry:

[Reusable workflows](https://github.com/sablier-labs/reusable-workflows#readme "Reusable workflows") for GitHub Actions

[Merkle Multiproof](https://github.com/sigp/multiproof#readme "Merkle Multiproof") (Solidity): generate inputs for OpenZeppelin MerkleProof library for fuzz testing

[Kontrol](https://x.com/rv_inc/status/1792968702914339268 "Kontrol") (formal verification) adds support for native Foundry cheatcode assertions

[Snekmate](https://github.com/pcaversaccio/snekmate/commit/459ec3f4a643a4decc26b9ad7e2f083e1ff7dc36 "Snekmate") (Vyper): adds Halmos symbolic tests for ERC20/721/1155 & math contracts

[Ape-AWS](https://x.com/apeframework/status/1793068323606798635 "Ape-AWS"): Ape plugin to use AWS Key Management Service & IAM access

[Viem](https://viem.sh/docs/siwe/actions/verifySiweMessage "Viem") adds EIP4361 Sign-In with <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> support

[EVM Diff](https://x.com/msolomon44/status/1793071526167843069 "EVM Diff"): adds all chain comparison table to existing side by side compare

micro-eth-signer [v0.9](https://github.com/paulmillr/micro-eth-signer/releases/tag/0.9.0 "v0.9"): fetch account history & token balances from archive node, SSZ in 900 lines

Vacp2p [stealth-address-kit](https://github.com/vacp2p/stealth-address-kit#readme "stealth-address-kit") v0.1: derived from ERC5564, Rust & C bindings
### Security
Gala Games [$22M exploit](https://rekt.news/gala-games-rekt/ "$22M exploit") via mint using admin access

[SEAL wargame with Base & Optimism](https://www.coinbase.com/en-au/blog/strengthening-our-defenses-with-seal-wargame-simulations "SEAL wargame with Base & Optimism"): simulated vulnerability in bridge withdrawals 
### Ecosystem
EF [working on formal policy](https://x.com/ayamiyagotchi/status/1793965259524653058 "working on formal policy") for potential conflicts of interest

[Justin Drake](https://twitter.com/drakefjustin/status/1792143477163106787 "Justin Drake") & [Dankrad Feist](https://x.com/dankrad/status/1792741374447534083 "Dankrad Feist") advising EigenFoundation

[Devcon tickets](https://x.com/EFDevcon/status/1793602979632971821 "Devcon tickets") go live in June

## 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")

Privacy and Scaling Explorations: <a href="/how-to-buy/siacoin-sc" target="_blank" class="blog_inner_link">buy sc</a>

[stakefish](https://stake.fish/ "stakefish"): [DevOps Engineer](https://apply.workable.com/stakefish/j/8FC077923F/ "DevOps Engineer") & [Full-stack Engineer](https://apply.workable.com/stakefish/j/5218ED958E/ "Full-stack Engineer")

### Onchain stats
Gas fees (via [ultrasound.money](https://ultrasound.money/#gas "ultrasound.money")): 1.9 to 111.5 gwei, with 9.1 gwei average

Zero net issuance currently at 23.3 gwei

11k ETH net issuance this week

ETHUSD: $3,063 - $3,913, currently $3,723

ETHBTC: currently 0.054 (Flippening at ~0.16)
### Notable at app layer
<a href="/price/optimism-op" target="_blank" class="blog_inner_link">Optimism</a> [Retro Funding](https://retrofunding.optimism.io/ "Retro Funding") round 4: 10M OP for Superchain deployers

[Yuga Labs to no longer touch Punks](https://x.com/cryptogarga/status/1792694910904136028 "Yuga Labs to no longer touch Punks") after [Super Punk World backlash](https://x.com/cryptopunksnfts/status/1792594316172341315 "Super Punk World backlash")
### Regulation/business/tokens
[SEC approved eight spot ETH ETF proposals](https://www.sec.gov/files/tm/lk87adfs99.pdf "SEC approved eight spot ETH ETF proposals"), they go live when S-1 approval occurs

[US House passed FIT21 bill](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409277 "US House passed FIT21 bill"), would give CFTC jurisdiction over digital commodities

It’s a [bad bill](https://x.com/stephendpalley/status/1793361140723941677 "bad bill") yet still a [big victory](https://www.axios.com/2024/05/22/crypto-legislation-fit21-house-passes "big victory")

[Genesis $2B settlement](https://ag.ny.gov/press-release/2024/attorney-general-james-secures-settlement-worth-2-billion-crypto-firm-genesis "Genesis $2B settlement") with New York Attorney General
### General
[Time-based cryptography from weaker assumptions](https://eprint.iacr.org/2024/769 "Time-based cryptography from weaker assumptions"): randomness beacons & delay functions

[Kabosu](https://x.com/AyaMiyagotchi/status/1793994458268369211 "Kabosu") (the Doge) passed away

## Upcoming Dates of Note
(new/changes in **bold**)
May 26 – [Ethereum Protocol Fellowship](https://blog.ethereum.org/2024/05/13/epf-5-announcement "Ethereum Protocol Fellowship") cohort 5 application deadline
May 31-Jun 2 – <a href="/how-to-buy/ethereum-name-service-ens" target="_blank" class="blog_inner_link">where to buy Ethereum Name Service</a> hackathon & conference
May 31-Jun 2 – [ETHPrague](https://ethprague.com/ "ETHPrague") conference & hackathon
May 31-Jun 5 – [ETH Belgrade](https://ethbelgrade.rs/ "ETH Belgrade") conference & hackathon
Jun 14 – [EF EIP4844 data challenge](https://esp.ethereum.foundation/data-challenge-4844 "EF EIP4844 data challenge") deadline
Jun 21-23 – [ETHKyiv](https://www.ethkyiv.org/ "ETHKyiv") hackathon & conference
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 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="/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="/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>