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CFTC regulation by enforcement & EF Research AMA
All core devs
- All Core Devs – Consensus (ACDC) #141:
- Pectra (Prague + Electra) upgrade:
- Pectra-devnet-2: Prysm fixed finality bug, deprecated
- Pectra-devnet-3: testing locally with ready clients, launch next week
- EIP7685 execution layer requests: proposed change to return requests as opaque hex bytes, review at ACDE
- EIP6110 validator deposits onchain: proposed change to queue deposit requests to avoid consensus layer DoS
- PeerDAS:
- PeerDAS-devnet-2: testing locally with subset of clients, launch soon
- Blob proof generation timing: discussed options for local builders with lower spec hardware, proposal to pre-prepare blobs on consensus layer
- Remove SSZ unions from consensus spec proposal (not used in production)
- Pectra (Prague + Electra) upgrade:
Pectra (Prague + Electra) upgrade
- Pectra testing call #3
- EOF implementers call #57: discussed EIP7761 ISCONTRACT & alternatives to support ERC721/1155 safe transfer
- PeerDAS breakout #7: blob proofs could take up to 1 second to compute
Centralization watch: threatening the value of your ETH
- Lido at 28.4%, still too close to 33.3% threshold
- Client diversity (via clientdiversity.org):
- Execution layer: Geth ~52% majority
- Consensus layer: Prysm 36%
- Any client bug over 33.3% could mean loss of finality
- Better geographic diversity is optimal, particularly outside of North America & Europe
Research
- EF Research AMA on r/Ethereum:
- ERC4337 embedded fee markets, solutions to prevent users from overpaying
Client Releases
- Execution layer:
- Erigon v3.0.0-alpha3: 30% reduction of latest state, 2x reduction in chaindata, 2x less RAM & prune doesn’t impact chain-tip performance; resync required
Layer 2
- Arbitrum Stylus live on Arbitrum One & Nova, adds Web Assembly VM, write contracts in languages that compile into WASM such as Rust, composable with EVM contracts
- Base plan to increase gas target by 1 Mgas/s weekly towards goal of 1 Ggas/s
- Blobspace saturation projected for February
- Matter Labs (ZKsync) laid off ~16% of team
For Stakers
- Geth node on Banana Pi BPI-F3 RISCV board, consensus clients struggle to run currently
EIPs/Standards
- EIPs (Ethereum improvement proposals):
- EIP7762: Increase MIN_BASE_FEE_PER_BLOB_GAS (to speed up price discovery)
- ERCs (application layer):
Stuff for developers
- Solidity v0.8.27: require with custom errors, caching of optimized IR for faster compilation and parser support for transient storage variables
- Scaffold-ETH 2 extensions hackathon finalists
- EVMole v0.4 (function selector extractor): improved accuracy of function state mutability extraction and improved speed for Python & JavaScript
- Supersim: simulate interoperable OP Stack Superchain locally
- CTF Challenges: Uniswap V2 ERC4626 vulnerable vault
Security
- Penpie $27M exploit on mainnet & Arbitrum via reentrancy
- L2 DAI deployer compromised allowing attacker to deploy contracts on other L2s with same address as DAI on Optimism & Arbitrum
- Vyper compiler added to EF bounty program
Ecosystem
- Devcon community hub proposals
- ETHAccra hackathon projects
Job Listings
- Status free.technology is hiring a Business Developer. More jobs at IFT!
- Nomos is hiring Business Developer, Rust Engineer & Applied Researcher!
- Join Witnet as a Community Builder! Full-time, remote opportunity.
- Gnosis seek CoreDevs, Sr Algorithm Engineer, Sr Smart Contract Engineer
Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail
Onchain stats
- Fees (via ultrasound.money):
- Gas: 0.4 to 53.4 gwei, 3.2 gwei average; zero net issuance at 24.0 gwei
- 16k ETH net issuance this week
- ETHUSD: $2,165 – $2,548, currently $2,233, all time high $4,878
- ETHBTC: currently 0.041 (Flippening at ~0.164)
Notable at app layer
- Euler v2 live, modular lending, use vaults as collateral in other vaults
- Lextek v0: onchain legal forms live on Base, starting with SAFE & DEAL (escrow & invoicing)
- Snapshot v2: discussions view, delegate dashboard and improved voting/proposal UX, beta
- Atomic: exercise challenges live on Base, stake USDC, log Strava workouts & claim stake
Regulation/business/tokens
- CFTC regulation by enforcement:
- Dissent by Commissioner Mersinger & Commissioner Pham of Uniswap enforcement for not blocking leverage tokens
- Kalshi won against CFTC to list prediction market for control of US congress
- Galois Capital settled with SEC for using a disclosed non-qualified custodian when the SEC won’t approve custodians
- FBI: North Korea targeting crypto projects via social engineering
General
- Vitalik: glue & coprocessor architecture, central glue (high generality but low efficiency) shuttles data between coprocessors (low generality buy high efficiency) e.g. EVM & precompiles
- EUCLEAK: Infineon ECDSA side-channel vulnerability, requires physical access, impacts some YubiKeys
- Notes on extractable witness encryption for KZG commitments and efficient Laconic OT
END OF SERVICE: plan to deprecate Week in Ethereum News
Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-september-7-2024
Upcoming Dates of Note
(new/changes in bold)
- Sep 9-15 – ETHSafari (Kenya)
- Sep 12-14 – NapulETH (Napoli)
- Sep 13-14 – Ethereum México
- Sep 20-22 – ETHCapeTown hackathon
- 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 17-20 – ETHLisbon hackathon
- Oct 18-20 – ETHGlobal San Francisco hackathon
- Nov 12-15 – Devcon 7 – Southeast Asia (Bangkok)
- Nov 15-17 – ETHGlobal Bangkok hackathon
- Dec 6-8 – ETHIndia hackathon
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