Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Dencun (Cancun + Deneb) upgrade
- Latest all core devs – execution (ACDE) call video. Recap by Tim Beiko. Notes from Tim Beiko and Christine Kim:
- Goerli shadowfork 0 upgraded to Dencun (testing analysis)
- Blob gas price in RPC: adding single blobGasPrice method & adding to feeHistory
- EIP7545 (Verkle proof verification precompile) presented
Centralization watch: threatening the value of your ETH
- Lido at 31.48% is increasing towards 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~85% supermajority, could possibly cause a chain split
- Consensus layer: Prysm 43% & Lighthouse 34%, any client bug over 33.3% could mean loss of finality
- Geographic diversity needed for stakers & nodes, particularly outside of US/Canada/EU
Layer 1
- Otterscan v2.2-ALPHA: improved Sourcify integration and UI improvements
- Reth snapshots: public snapshots by merkle, sync a node in 6 hours
For Stakers
- Stereum v2 (node launcher): install/manage node via UI
Client releases
- Consensus layer:
- Execution layer:
- Nethermind v1.22.0: improved memory management (consumption reduced ~25%)
Research
- Validator smoothing commitments: out of protocol solution to improve permissionless liquid staking protocols, node operators pay upfront to run validators for a minimum duration
- Inclusion list framework to evaluate designs on censorship resistance metrics
- MEV burn benefits: improves validator economics, lessens builder liquidity requirements, increases cost of censorship and improves resilience in a mass MEV event
- Signature Merge: massive-scale signature aggregation using recursive SNARKs & PCD
Layer 2
- OP Reth: Reth (execution layer client) can be used in OP Stack
- Justin Drake: based rollup/validium preconfirmations of transaction execution, latencies on the order of 100ms
EIPs/Standards
- EIPs
- EIP7553: Separated payer transaction
- ERCs (application layer):
Stuff for developers
- Solidity v0.8.23: fixes invalid verbatim deduplication bug
- Remix v0.37.0: adds Semaphore Circom template, auto-complete loads ERC files and translations in Spanish/French/Italian/Simplified Chinese
- Secureum RACE #23: 8 question Solidity quiz & answers
- Fe (language) bug bounty: Simple DAO
- Proposal for Edge (EVM domain specific language), currently at specification stage
- Superchain faucet: claim 0.05 testnet ETH for OP Stack testnets
- 500 testnet ETH (Sepolia & Holešky) claimable by Devconnect attendees using Zupass
- Zupass Scaffold-ETH 2 starter kit
- pcaversaccio’s Hardhat template: updated to ethers v6 & Hardhat configuration variables
- VSCode Solidity inspector: adds support for .tree files
- EVM tracing reference
- TypeChain deprecated
Security
- AAVE security incident, forks of v2/v3 should disable stable rate mode borrowing
- MEV bot $2 million exploit via unprotected swap function
- Raft 1.6k ETH exploit, 1570 ETH burnt, attacker lost 4 ETH
- The Standard on Arbitrum $260k exploit via price manipulation
- zkSync Era vulnerability disclosed, 50k USDC bounty paid
Ecosystem
- Devconnect live stream for selected events
- ETH Lisbon hackathon projects
Onchain stats
- Gas fees (via ultrasound.money): 9.9 to 323.6 gwei, with 28.9 gwei average
- Zero net issuance currently at 21.7 gwei
- 6.6k ETH net burn this week
- ETHUSD: $1,829 – $2,133, currently $2,080
- ETHBTC: currently 0.056 (Flippening at ~0.16)
Notable at app layer
- USDC & EURC v2.2: phased rollout, reduces gas costs & supports ERC1271
- Coinbase Verifications: onchain user attestations for account & country verified by Coinbase, uses Ethereum Attestation Service (EAS)
- Sablier UI dynamic streams: adds timelock, unlock-linear & unlock-cliff
- CoW Swap programmatic orders: approve orders with a single signature, execute automatically
- Notional v3 live on Arbitrum, adds variable rate lending/borrowing & leveraged liquidity strategies
- Show Up (RSVP for events): request deposits on registration, attendees get paid for showing up
- Bountycaster (bounties platform) live on Farcaster, beta
- Gaslite Drop adds airdrop to X (Twitter) post replies, filter & token gate recipients
- Sound magic upload: zero gas upload, only requires an email address
- Optimism We The Art: NFT creator contest (AI, generative, music & 1of1s), 1M OP in prizes
Job Listings
- Aragon: Senior smart contract developer w EIP, auditing experience
- Nethermind: Smart Contract Auditor, Smart Contract Auditor (Rust) & BizDev
- Senior Operations Security Expert wanted by EF
- ZK circuits engineer sought by EF Privacy & Scaling Explorations team
- Gnosis seek DevRels & Backend Devs
Job listings: $600 for four issues (75 character limit). Questions? abcoathup at-gmail
Regulation/business/tokens
- UK FCA & Bank of England proposals for regulating stablecoins
- OFAC sanctioned Ekaterina Zhdanova for laundering & moving funds on behalf of Russian elites
- SEC facing challenges hiring crypto specialists due to prohibition of holding
- Open problems in DAOs for researchers
- DAO decentralization: Voting-Bloc Entropy (VBE) decentralization metric & a practical Dark DAO
General
- Exchange hacks: $126M for Poloniex
- ApeFest attendees report eye/skin issues, likely caused by UV lights
Follow @WeekinEthNews to find out what the most clicked links are. Follow @abcoathup and @evan_van_ness to get most of the week’s news in real time.
Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-november-11-2023
Upcoming Dates of Note
(new/changes in bold)
- Nov 13-19 – Devconnect (Istanbul), update 2
- Nov 15-21 – DCxPrague (Devconnect satellite event in Prague)
- Nov 15-29 – Gitcoin Grants 19
- Nov 16-19 – Pragma & ETHGlobal Istanbul
- Nov 18 – Ethereum Costa Rica
- Nov 30 – Road to Devcon grants deadline (max $1k for local meetups)
- Dec 4 – ETHVenice
- Dec 6-7 – Columbia CryptoEconomics workshop (New York)
- Dec 8-10 – ETHGlobal ETHIndia (Bangalore)
Sign up to receive this newsletter weekly
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.