Week in Ethereum News, November 25, 2023

Eth News and Links

Dencun (Cancun + Deneb) upgrade

• Latest all core devs – execution (ACDE) call video. Notes from Tim Beiko:

  • Devnet-11: mostly stable

  • Devnet-12: planned for next week if 3+ CL clients are ready

  • Goerli: upgrade unlikely in December; client team & EF validators will be stopped 3 months after upgrading (or 1 month after mainnet upgrade if later), then 1 month of chaos testing

  • eth_multicallV1 proposed addition to JSON RPC

Centralization watch: threatening the value of your ETH

• 🚨 Lido at 32.00% is increasing towards 33.3% threshold

  • Lido node operator InfStones server vulnerabilities disclosed

• Client diversity (via clientdiversity.org): 

  • Execution layer: Geth ~85% supermajority, could possibly cause a chain split

  • Consensus layer: Prysm 41% & Lighthouse 34%, any client bug over 33.3% could mean loss of finality

• Geographic diversity needed, particularly outside of North America & Europe

Layer 1

• Dapplion: EIP6914 (reuse withdrawn validator indices) may not be required for several years

• MEV Order Flow Auctions overview

Client releases

• Execution layer:

  • Reth v0.1.0-alpha.11: Cancun-ready, op-reth, adds eth_callBundle, eth_getProof & trace_filter and more accurate RPC tracing

EIPs/Standards

• EIPs

  • EIP7563: Time Capsule encryption via VDF

• ERCs (application layer):

  • ERC7564: Contract wallet management NFT

Stuff for developers

• Foundry:

  • forge-std v1.7.3: adds mock ERC20 & ERC721 contracts and new cheat codes: stop/start state diff recording & compute create/create2 address

  • Foundry-devops v0.1.0: get most recent deployment, removed ffi requirement

  • anvil-web3: create & interact with Anvil instances from Python

• Edge (EVM domain specific language) specification

• Impersonator iframe: connect to a dapp in iframe via SafeConnector

• Solidity inheritance puzzle solution

• Scaffold-ETH 2 challenges teaching Solidity, Hardhat, NextJS, Scaffold-ETH 2 & The Graph

• Curta Cup CTF solutions: 1st placed team [video] & 2nd placed team

• Dan Finlay: redeemDelegation, proposal for more conversational wallet connections

Security

• KyberSwap Elastic (concentrated liquidity) $54M exploit on mainnet, L2s & sidechains; exploit reproduction

• Guide to recovering funds from compromised keys using HackedWalletRecovery

Ecosystem

• ETHGlobal:

  • Istanbul hackathon finalists

  • 2024 hackathon calendar: London, Sydney, Brussels, Singapore, San Francisco & DevCon

Onchain stats

• Gas fees (via ultrasound.money): 12.1 to 413.7 gwei, with 31.7 gwei average

  • Zero net issuance currently at 21.8 gwei 

  • 7.4k ETH net burn this week

• ETHUSD: $1,930 - $2,131, currently $2,076

• ETHBTC: currently 0.055 (Flippening at ~0.16)

Notable at app layer

• Blast (preannounced L2) promoted as native yield, taking deposits (no withdrawal), controlled by 3/5 multisig, pyramid style rewards, ETH deposits being invested via Lido

• Circle bridged USDC standard, L2s can deploy with option to later upgrade to native issuance

• Nick Johnson: .eth & DNS root explainer

• evm.storage EOA pages: view snapshot of an account at a specific block

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Job Listings

• Aragon: Senior smart contract developer w EIP, auditing experience

• Senior Operations Security Expert wanted by EF

• Enya Labs: Lead Security Engineer, Sr. Fullstack Dev (with Go exp), BizDev

• Nethermind: Lead Software Engineer, BizDev & CTO

Job listings: $600 for four issues (75 character limit).  Pay using 3cities.  Questions? abcoathup at-gmail

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Regulation/business/tokens

• Binance: $4.3B settlement with DoJ, FinCEN, OFAC & CFTC; CZ resigns as CEO

• SEC allege Kraken operates as an unregistered securities exchange

• Tether froze 225M in stolen USDT linked to international crime syndicate

• Wyoming Stable Token Commission request for info/proposals for their stablecoin

• Bittrex Global winding down

• Coindesk bought by Bullish (centralized exchange)

General

• Hacks: HTX & Heco bridge $99M lost and Kronos Research (market maker) $26M lost

• Binius: implementation in Rust of SNARK for towers of binary fields

• BabySpartan: Lasso-based SNARK for non-uniform Plonkish arithmetization

• Fully Homomorphic Encryption (FHE) explainer

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Permalink for this week’s issue: https://weekinethereumnews.com/week-in-ethereum-news-november-25-2023

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Upcoming Dates of Note

(new/changes in bold)

• Nov 29 – Gitcoin Grants 19 ends (support Week in Ethereum News)

• Nov 30 – Road to Devcon grants deadline (max $1k for local meetups)

• Dec 4 – ETHVenice

• Dec 6-7 – Columbia CryptoEconomics workshop (New York)

• Dec 7 – Optimism’s RetroPGF 3 voting ends (support Week in Ethereum News)

• Dec 7-10 – ETHGlobal Pragma & ETHIndia (Bangalore)

• Jan 15 – EF’s Next Billion fellowship cohort 4 deadline

• Feb 23-Mar 3 – ETHDenver BUIDLWeek & hackathon

• Mar 13-14 – ETHLatam (San Pedro Sula, Honduras)

• Mar 14-17 – Pragma & ETHGlobal London

• Apr 5-26 – ETHGlobal Scaling Ethereum (virtual)

• May 2-5 – Pragma & ETHGlobal Sydney

• May 21-23 – DappCon (Berlin)

• May 24-26 – ETHBerlin

• Jul 8-11 – EthCC (Brussels)

• Jul 11-14 – Pragma & ETHGlobal Brussels

• Aug 23-Sep 13 – ETHGlobal ETHOnline (virtual)

• Sep 20-22 – ETHGlobal Singapore

• Oct 15-20 – Pragma & ETHGlobal San Francisco

• Nov – ETHGlobal DevCon

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