Fidelity Investments FIDD stablecoin, TheDAO Security Fund, Hegotá upgrade headliner proposals
Ecosystem
- EF post quantum efforts, includes $1M Poseidon Prize to harden Poseidon hash function
- EF Ecosystem Support Program Q4 allocations, 51 projects shared $7.4M
- ETH metrics:
- Gas (gwei): 0.1 average, 0.0 - 7.9 (12.4 for zero net issuance)
- ETH supply change: 19k net issuance
- ETHUSD: $2,715 - $3,035 (all time high $4,946, August 24, 2025)
- ETH ETFs: 5% of ETH supply
- ETHBTC: 0.033 (0.166 for the Flippening)
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Enterprise
- Fidelity Investments Fidelity Digital Dollar (FIDD) stablecoin, launching on mainnet
Applications
- Tether USAT stablecoin live on mainnet, issued by Anchorage Digital Bank
- Bitwise non-custodial vaults, powered by Morpho
- Kraken DeFi Earn: vaults managed by Chaos Labs & Sentora
- DefiLlama token rights: view governance, treasury & revenue rights for holders
- Privy Home key management: manage all embedded wallets (apps need to enable)
- Fileverse dDocs offline mode v2: offline edits saved to local browser & synced to decentralized storage when online
- Nifty Gateway shutting April 23; deadline extended after backlash, bulk withdrawal tool planned & metadata migrating to decentralized storage
- ERC8004 (trustless agents) live on mainnet; 8004scan live
Developers
- Austin Griffith Ethereum wingman (agent skill): tutor & builder uses Scaffold-ETH 2 (dev framework) & SpeedRun Ethereum
- Foundry v1.6.0-rc1 (dev framework): Osaka default EVM, parallelized stateless fuzzing, configurable invariant check intervals, improved reentrancy detection & time-based invariant fuzzing
- Voltaire Effect (client library): Effect.ts integration for Voltaire Ethereum primitives
- Enscribe contract onchain versioning guide, assign ENS names during deployment using Foundry & Hardhat
- Uniswap Continuous Clearing Auctions: deployed on Arbitrum and Tally sale simulator
- EthereumJS v10.1.1: Node 24 support, noble curves & hashes upgraded to v2
- Stateless history node: indexer backfills headers, receipts & logs from execution layer P2P network, serves RPC subset
- Application layer standards (ERCs):
Security
- TheDAO Security Fund: fund security initiatives using staking yield from 69,420 ETH
- Matcha Meta SwapNet $13M exploit and Aperture Finance $3M exploit
- Cyfrin Solodit API, query database of 50k contract vulnerabilities
- Kritt building AI-assisted security research, largest finding awarded $250k
- 15k system paths found in verified contracts, leaking user & device info; check via Sourcify dataset playground
- Cantina Web3SOC: certification evaluating DeFi projects across operational, financial, security & regulatory areas
All core devs (main protocol calls)
All core devs - consensus (ACDE) #229
- Glamsterdam upgrade (targeting mid-2026):
- EIP7928 Block-level Access Lists: mandatory optimizations: parallel execution, batch reading & parallel state root calculation; optional: sync
- Considered for Inclusion:
- EIP7610 revert creation in case of non-empty storage
- Declined for inclusion as non-consensus changes, but clients should standardize:
- Hegotá upgrade (targeting late-2026)
- Headliner proposals (deadline February 4):
- Execution layer networking proposals: EIP8077 & EIP8094
All core devs - testing (ACDT) #67
- Glamsterdam upgrade (targeting mid-2026):
- EIP7928 Block-level Access Lists:
- bal-devnet-2: EIP7888 updated to remove receipt field, launch delayed until next week
- Devnet scoping: discussion on prioritization of adding Considered for Inclusion EIPs
- EIP7928 Block-level Access Lists:
Layer 1
- Glamsterdam upgrade (targeting mid-2026):
- Potuz’s annotated Gloas spec: beacon chain & gossip
- EIP7928 Block-level Access Lists breakout #11
- Maria Silva: compute operations to reprice in EIP7904
- Stateless implementers call #47
- L1-zkEVM roadmap to integrate zkEVM proofs into core protocol
- PSE client-side GPU acceleration roadmap
- Protocol Guild annual report, $12M distributed, $62k median per member
- Ethereum improvement proposals (EIPs):
- Meta EIP8133: Network upgrade nomenclature
- EIP8134: BPO1, EIP8135: BPO2 & EIP8138: BPO3
- Networking EIP8136: Cell-level deltas for data column broadcast
- EIP8140: Token gas payments for EIP8130 (account abstraction by account configuration)
- EIP8141: Frame transaction (Hegotá upgrade proposed headliner)
- EIP8142: Block-in-Blobs (BiB)
Research
- Node with 1 year of state: ~78% state size reduction, ~15% block re-execution time improvement, read performance accounts for most gains & tail latency improves
- Plonky3 Merkle tree theoretically sound despite invertible compression, provided leaf hash correctly instantiated
- Application-controlled execution: analysis of 4 proposed mechanisms
Staking
- Withdrawal credentials guide
- Flashbots builder-playground v0.3.0: faster startup, new integrations, improved observability & custom recipes (experimental)
- Staking marketshare: Lido 23.5% [Note: dual governance]
- Validators: 975k active
- Client releases:
Layer 2
- Linea Phylax credible layer integrated into sequencer, transactions are rejected if they violate assertions defined in Solidity contracts, assertions are public
- Optimism:
- OP Enterprise (rollup service): managed, self-managed or OP Mainnet
- post-quantum roadmap, deprecate ECDSA‑based EOAs by 2036
- OP token buy back approved
- Ink Flashblocks: 200ms block pre-confirmations
Regulation
- US crypto market structure legislation (Clarity act):
- Senate agriculture committee advanced legislation
- US SEC:
- SEC & CFTC Project Crypto harmonization: opening remarks by SEC Chair Atkins & CFTC Chair Selig; event recording
- Tokenized securities taxonomy: issuer-sponsored or third-party (custodial & synthetic)
- Gemini Trust civil enforcement action dismissed
- ZachXBT: alleged theft by threat actor from US Government
General
- Vitalik: allocating 16k ETH for software & hardware to protect personal lives & public environments; EF entering mild austerity for long term sustainability whilst delivering aggressive roadmap
- Corey Petty: blockchain transactions leak data at every layer
- Zero crypto at home to prevent wrench attacks
- Private AI: how to run AI locally
- Cryptocam (prototype): camera stores photos to IPFS with NFT minted to paper wallet
Editor: @abcoathup
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