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

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EOF included in Pectra upgrade, largest upgrade ever planned (19 EIPs), likely targeting Q1 2025

All core devs

All core devs – ution (ACDE) # 189:

Pectra (Prague + Electra) upgrade:

Prague scope finalized after 6 months (Electra still to be finalized)

EOF included in Pectra

Nethermind, Besu, EthereumJS, Reth (EOF benefits) & Erigon support EOF before Verkle, Geth skeptical of upgrade size & priority of EOF

Discussed splitting Pectra, if EOF blocks Pectra move to separate upgrade

EIP7702 included in Pectra, replaces EIP3074, iterate on revocability design

Pectra-devnet-1: will include interop/devnet-0 spec changes, add EIP7702 (revocability may change) but exclude EOF (work on static tests first)

EIP158 state clearing: EOA with EIP7702 could be empty but have storage, may need to remove EIP158 either with EIP7702 or Verkle

EIP4444 history expiry: client teams working on Portal network but have competing priorities

ACD process improvements: new EIPs to be reviewed async, EIP proposed for inclusion (PFI) status to be used in upgrade planning

{1718078544160186} (Prague + Electra) upgrade

Future of EOA/AA breakout # 4 (EIP7702):

Concerns around revocability, use optional nonce unless alternative found (max nonce & nonce manager non-starters), signing address vs code discussion & wallet best practices

Alex Stokes: PeerDAS & raising blob count, proposal to decouple layers for setting blob count and consensus clients to have maximum blob count flag for local block building

{1718078544516030} upgrade

Verkle implementers call # 18:

Conversion from Merkle state to Verkle took ~16 days, potential EIP158 issue with EIP7702, warming contracts & gas cost updates to EIP4762

Centralization watch: threatening the value of your ETH

🚨 Lido at 28.92%, still too close to 33.3% threshold

Client diversity (via clientdiversity.org):

ution layer: Geth ~55% majority

Consensus layer: Prysm 38%

Any client bug over 33.3% could mean loss of finality

Better geographic diversity is optimal, particularly outside of North America & Europe

Layer 1

ePBS

ePBS breakout # 2: Prysm only client team to have started implementation

Terence: out-of-protocol timelines under ePBS, using MEV-Boost with ePBS is worst of both worlds

Portal network summit: History network & Beacon network largely feature complete, State network initial phase targeting Devcon

Gossipsub performance: network dynamicity through GRAFTs & PRUNEs

Client Releases

Consensus layer:

Lodestar v1.19.0: flood publish disabled by default, Nodejs v22 default and AMD64 & ARM64 binaries

ution layer:

Erigon v2.60.1: set tracer-observable value of a delegatecall to match parent value

Geth v1.14.5: hotfix for peer discovery; v1.14.4: 5-7% faster block import speeds, ETH supply live tracer and default minimum tip dropped to 0.001 gwei

Reth v0.2.0-beta.9: fix for docker; v0.2.0-beta.8: ensure Fork Choice Updated messages not missed when pruner active & changes to support OP mainnet

For Stakers

Anti correlation penalties to defend solo staker viability

Toni Wahrstätter: MEV-Boost vs local block building, only small increase in APY

Layer 2

Consensys Linea paused sequencer & censored Velocore attacker addresses

Rollup.wtf dashboard: L2 real time performance showing TPS, MGas/s & KB/s

EIPs/Standards

EIPs:

EIP7718: Portal Wire Protocol a framework for discv5

EIP7719: P2P History Network

Stuff for developers

Foundry adds Vyper support: deploy, test, debug & write s

Hardhat v2.22.5: adds limited support for blob transactions & hardhat-tracer reenabled

Slither v0.10.3: reduces false positives & improves performance

Snekmate (Vyper building blocks): module-friendly contracts, uses Vyper v0.4.0rc6

Prool: simulate local/bundler/indexer node over HTTP for Type test runners e.g. Vitest

EVMole: improved accuracy in function argument extraction

Contract read/write:

Etherscan NatSpec comments used in read/write contract tab

ABI Ninja: adds proxy support, interact without an ABI & shareable LINK for contracts

Evm.codes contract reader

Security

Velocore (DEX) $6.8M exploit on zkSync & Linea via faulty logic

Security Alliance (SEAL) partnership with Security Research Legal Defense Fund to assist whitehats using safe harbor agreement

Eco

Hackathon projects: ETH Belgrade, ETHDublin & ETHPrague

Devcon scholars program for community organizers, law students/legal professionals, artists/sci-fi writers & builders, applications close July 7

Interactive version of Ethereum roadmap

Job Listings

Nethermind: Preconfirmations Senior Engineer, Protocol Researcher, Site Reliability Engineer, Research Engineer - Starknet & Senior Marketing Manager

Gnosis is hiring: Discord Moderator and Senior Web3 Software Dev (Wallet)

IMC: Quant Developer for DeFi and MEV focused team

Alchemy - Wallet Services: Engineering Manager and Full-Stack Engineer

Privacy and Scaling Explorations: ZK Circuits Engineer

ChainSafe: Head of Protocol Engineering, DevRel - Sygma and more jobs

Onchain stats

Gas fees (via ultrasound.money): 3.2 to 115.8 gwei, with 12.4 gwei average

Zero net issuance currently at 23.4 gwei

8k ETH net issuance this week

ETHUSD: $3,642 - $3,874, currently $3,686

ETHBTC: currently 0.053 (Flippening at ~0.16)

Notable at app layer

IYK platform public, link physical items to digital using NFC chips

Regulation/business/tokens

Stand with Crypto US reached 1M members

Appellate court slaps down SEC regulatory overreach

Evolved Apes creators charged in alleged NFT rug pull

Matter Labs (zkSync) dropping all trademark applications for ZK term

General

CoinGecko data breach via third-party email platform; name, email, IP & location of email opens compromised

Upcoming Dates of Note

(new/changes in bold)
Jun 11 – PeerDAS breakout # 1
Jun 14 – EF EIP4844 data challenge deadline
Jun 21-23 – ETHKyiv hackathon & conference
Jul 7 – Devcon scholars program deadline
Jul 8-11 – EthCC (Brussels)
Jul 11-14 – Pragma & ETHGlobal Brussels
Jul 26-30 – EDCON Tokyo conference
Aug 2-4 – Ethereum Argentina
Aug 15-17 – Ethereum Uruguay hackathon & conference
Aug 23-Sep 13 – ETHGlobal ETHOnline (virtual)
Aug 23-26 – ETHTokyo hackathon & conference
Aug 29-31 – ETHAccra hackathon
Sep 5-8 – ETHWarsaw conference & hackathon
Sep 9-15 – ETHSafari (Kenya)
Sep 12-14 – how to buy Enjin Coin (Napoli)
Sep 20-22 – ETHGlobal Singapore
Sep 26-27 – ETHMilan conference
Oct 4-6 – Ethereum Kuala Lumpur conference & hackathon
Oct 4-6 – ETHRome
Oct 17-19 – ETHSofia hackathon & conference
Oct 18-20 – how to buy Aleph Zero & ETHGlobal San Francisco
Nov 12-15 – Devcon 7 - Southeast Asia (Bangkok)
Nov 15-17 – ETHGlobal Bangkok hackathon