weekly #27 | Ethereal news

LG Electronics built L2 for advertising, Aave risk framework proposed, history of account abstraction

Ethereum Foundation:
- EF Ecosystem Support Program: ETH default payment method for new grants
Devcon 8 community hub applications open, August 12 deadline
ETH metrics:
- Gas (gwei): 0.3 average, 0.0 - 13.0 (12.9 for zero net issuance)
- ETH supply change: 19k net issuance (7 days)
- ETHUSD: $1,523 - $1,706 (all time high $4,946, August 24, 2025)
- ETH ETFs: 5.2% of ETH supply
- ETHBTC: 0.026 (0.166 for the Flippening)

Consensys

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consensys.io

Vyper (language):
- Banteg vysort (tool): rewrite Vyper 0.3.4-0.3.7 source to match nondeterministic deployed bytecode so it can be verified
Nomic Foundation Hardhat v3.9.0 (dev framework): exclude files from coverage instrumentation & reporting
EF Institutional Privacy Task Force (IPTF): shielded pools extension with private information retrieval (PIR) + epoch nullifiers, proof of concept
Reminder: Remix AI bootcamp for real world impact, 5 weeks online, starts June 15
Application layer standards (ERCs):
- ERC8290: Shielded note teleportation
- ERC8291: SIWE gated NFT media URI
- ERC8293: Counterfactual rejection event log
- ERC8294: Validation network for ERC8004
- ERC8299: Input provenance for AI inference

ENS8004: register ENS as ERC8004 agent & create agent identity
Pashov Audit Group skills v3 (security review): adds flow-gap, numerical-gap & trust-gap agents

Humanity Protocol ~$36M exploit via private key compromise, developer machine compromised containing year old backups of 7 private keys (admin hot wallet, 3 of 6 mainnet & 3 of 5 BSC Safe signers)
Yuga Labs: NFTs rescued from FloorProtocol v2

Glamsterdam upgrade (targeting 2026):
- glamsterdam-devnet-5: bugs being fixed
- Separate builder deposit & exit contracts proposal: EIP8282 Builder execution requests, could delay upgrade by months, potentially consider splitting upgrade
- QUIC transport support discussion, proposal to disable Mplex before Glamsterdam
- Update validator states in Beacon API proposal
- Mascot needed, vote on Eth Magicians
Hegotá upgrade:
- Non-headliners proposed for inclusion:
  - EIP8243 Batching attestations at source

Glamsterdam upgrade (targeting 2026):
- EIP7997 deterministic factory, switched from predeploy to enshrined Arachnid factory

Glamsterdam upgrade (targeting 2026):
- Feel Your Protocol: EIP8024 SWAPN, DUPN, EXCHANGE opcode explorer
Franco Victorio: history of account abstraction
Protocol Guild Q2 membership update: 12 new members & 3 alumni
Ethereum improvement proposals (EIPs):
- EIP8288: Frame type for PQ sig & STARK aggregation
- EIP8289: Multi-block access list warming
- EIP8292: PQ attestation aggregators
- EIP8295: State tiering by periods
- EIP8296: Fixed cutoff state tiering
- EIP8297: Partitioned binary tree
- EIP8298: SETCODEFROM code reuse instruction

Client diversity:
- Consensus layer: Lighthouse ~55% (data may not be accurate)
Staking market share: Lido 22% [Note: dual governance]
Validators: 888k active (target 128k), 15k accumulating (0x02 withdrawal credentials)
Client releases:
- Execution layer:
  - Lambda ethrex v16.0.0 (recommended): security critical fixes across consensus, txpool & p2p; DB schema changes (no resync required but can’t roll back)
  - Paradigm Reth v2.3.0 (medium): Glamsterdam upgrade work & performance improvements

Starknet proof system reproducible from source, verified by L2Beat
Scroll 9 of 12 security council replaced with 3 of 4 team admin multisig, drops to Stage 0
Arbitrum Nova (Optimium) transitioning to maintenance, migrate before September 2

IC3 intersection of crypto & AI
npm v12: npm install changes to improve supply chain security targeting July, allow scripts defaults to off and allow git & allow remote both default to none
Loupe: iOS app to view device fingerprinting surface via iOS APIs

Ethereal news weekly #27