Etherealize: ETH is productive money, DeFi united effort to restore rsETH backing, Arbitrum security council froze exploiter ETH
Ecosystem
- Etherealize: ETH is productive money, compounds without counterparty risk, better money than gold & Bitcoin, $250k long term price target
- Ethereum Foundation:
- EF Ecosystem Support Program: Glamsterdam upgrade grants round
- Road to Devcon 8 academic program, up to $300 grants per event & free or discounted Devcon tickets
- Ethereum Protocol Fellowship cohort 6 recap
- ETH metrics:
- Gas (gwei): 1.2 average, 0 - 14 (12.9 for zero net issuance)
- ETH supply change: 18k net issuance
- ETHUSD: $2,265 - $2,451 (all time high $4,946, August 24, 2025)
- ETH ETFs: 5.1% of ETH supply
- ETHBTC: 0.030 (0.166 for the Flippening)
Sponsor: MetaMask
Join us next week for the April MetaMask Community Call.
We’ll cover:
- How to build trustful agents
- The latest MetaMask Connect updates
- x402 + Advanced Permissions
Thursday, April 30, 11:30 AM ET
RSVP
Enterprise
- World ID 4.0 (proof of human): teaming up with Vercel, Okta, Zoom, Docusign & Tinder
- WalletConnect Pay integrates with iMin (Android POS terminals in 100+ countries)
Applications
- Apoorv dapp3.eth (browser extension): ENS websites via Helios light client & local IPFS node
- Nouns DAO voted to set auction reserve price to 2.8 ETH
- Shutter perpetual endowment network (PEN): proposal for DAO alternative, quarterly voting on yield distribution, soulbound voting seats
- Stomp (game): monster battle, turn-based, 1v1
Developers
- OpenZeppelin Contracts CLI: generate contracts using OpenZeppelin contract libraries
- Foundry (dev framework):
- Forge-std v1.16.0 (helpers): adds expectAndMockCall, console.table & currentFilePath
- Weiroll (operation-chaining/scripting language) migrated to Foundry
- Backseats wagmi-swift & viem-swift (client libraries): wagmi/viem ported to Swift
- ZeroDev Omni SDK (ERC4337 SDK): written in Zig, native Swift binding, alpha
- Ross: Onchain html example, html app returned by a contract
- Onchain html-registry: singleton to store/retrieve versioned html
- Application layer standards (ERCs):
Security
- Kelp ~$292M exploit on April 18, rsETH drained from bridging adapter via forged crosschain message, 1/1 DVN (Decentralized Verifier Networks) setup, subsequent attempt for ~$95M was mitigated
- LayerZero: quorum of RPCs LayerZero Labs DVN relied upon were compromised (2 RPCs compromised, DDoS attacks on uncompromised RPCs)
- Arbitrum security council froze 30,766 ETH held by exploiter on Arbitrum One
- DeFi united: coordinated relief effort to restore rsETH backing
- eth.limo DNS hijack post-mortem, EasyDNS account compromised via social engineering
- Pashov X-Ray: generates protocol overview, threat model, test gaps, Git history, readiness verdict, entry points, invariant map & architecture diagram
- TheDAO Security Fund: Ethereum Security quadratic funding round live on Giveth, 500 ETH matching pool, 2x impact for ETHSecurity badges
All core devs (main protocol calls)
All core devs - execution (ACDE) #235
- Nixo co-leading All Core Devs going forward
- Glamsterdam upgrade (targeting mid-2026):
- bal-devnet-3 running well, 100M gas limit
- glamsterdam-devnet-0 (spec) targeting launch this week
- EIP8037 state creation gas cost increase: complexity concerns
- Mascot needed, last call for suggestions
- Hegotá upgrade (targeting late-2026):
All core devs - testing (ACDT) #78
Layer 1
- Hegotá upgrade (targeting late-2026):
- FOCIL breakout #33
- Native account abstraction breakout #1
- Danno Ferrin: EIP8141 Frame transaction + MAYO-2 for post-quantum accounts, 180 byte signatures, store public keys in contracts
- Consensus specs:
- consensus-specs v1.7.0-alpha.5
- eth-consensus-specs PyPI package
- Ethereum improvement proposals (EIPs):
- Jxom: EIPs & ERCs explorer
- Meta EIP8235: EIP tagging
- EIP8237: Independent CL/EL sync
Research
- Maryam Bahrani & Mike Neuder: capacity oracles
Staking
- Pintail: staking ratio tipping point, one third of ETH is staked & ratio continues to grow, case for issuance curve adjustment
- Remote-signer-dirk-interop: use Dirk with validator clients that support remote-signer API
- Reminder: EthStaker staking survey
- Client diversity:
- Consensus layer: Lighthouse ~53% (data may not be accurate)
- Staking marketshare: Lido 23.1% [Note: dual governance]
- Validators: 914k active (target 128k), 12k accumulating (0x02 withdrawal credentials)
- Client releases:
- Execution layer:
- Besu 26.4.0: adds eth/70 partial block receipt lists, eth/71 block access list exchange & snap/2 block access list exchange, max blobs options, IPv6 dual stack support for DiscV5 & txpool RPCs
- Lambda ethrex v10.0.0: Glamsterdam upgrade prep, new P2P stack & snap sync hardening
- Paradigm Reth v2.1.0 (medium): migrate to v2 storage command without a full resync, alloy-evm fix for gas refunds for custom precompiles
- Execution layer:
Layer 2
- Sunnyside Labs privacy boost: private transfers, live on OP Mainnet
- Optimism: op-geth being deprecated May 31
- L2Beat interoperability: view volume, routes & transfers between chains
Regulation
- US CFTC charged Army service member with insider trading on Polymarket
- UK Financial Conduct Authority (FCA): 8 premises suspected of peer-to-peer crypto trading issued with cease & desist letters
General
- Security Alliance (SEAL): malicious Google Ads targeting crypto
- Vercel security incident, unauthorized access to internal systems
- Firefox: 271 vulnerabilities fixed, identified using Claude Mythos preview, no bugs that an elite human researcher couldn’t have found
- Succinct ZCAM: iPhone camera app, photos can be verified that no pixels changed
Editor: @abcoathup
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