# Week in Ethereum News, July 13, 2024

Source: https://weekinethereum.substack.com/p/week-in-ethereum-news-july-13-2024
Kiwi News: https://news.kiwistand.com/stories/Week-in-Ethereum-News-July-13-2024?index=0x66922fe1ee6b3b8a1dbc1cc1eaa202c094b62789add90b3edea8db98d6ffd998bd0212a7
Submitted by misha on 2024-07-13 UTC, 2 upvotes, 0 comments

## Summary

This week's Ethereum newsletter covers a range of developments, including multiple domains registered with Squarespace being compromised, including Compound Labs and Celer. The SEC formally notified Paxos that it will not be charged over BUSD, and Alex Pertsev was denied bail to prepare for appeal. On the Pectra upgrade, Pectra-devnet-1 was set to launch the following week, with the upgrade likely targeting Q1 2025. Lido's share was reported at 29%, which the newsletter describes as still too close to the 33.3% threshold.

## Article

Multiple domains compromised, SEC drops Paxos BUSD case, Devcon ticket sales open, Alex Pertsev denied bail and Roman Storm granted trial delay

All core devs

All core devs – consensus (ACDC) #137:

Pectra (Prague + Electra) upgrade:

Pectra-devnet-1: aim to launch next week

EIP7594 PeerDAS:

peerdas-devnet-2 launching early next week with fixes from previous devnet

Decouple layers for blob count: max blob check on execution layer is redundant & can be removed, proposal for target blob count to be driven by consensus layer (needs to be included in execution layer block header)

Fork choice compliance testing presentation, model based test generation, test suite run with Teku

Pectra (Prague + Electra) upgrade, likely targeting Q1 2025

Marius Van Der Wijden: case against EOF in Pectra

PeerDAS breakout #3:

Relaunch devnet with client fixes, proposal to use custody groups instead of subnets to decouple core & network layers and agreed consensus layer should send max & target blob counts in execution layer header

Centralization watch: threatening the value of your ETH

🚨 Lido at 29%, still too close to 33.3% threshold

Client diversity (via clientdiversity.org):

Execution layer: Geth ~55% majority

Consensus layer: Prysm 37%

Any client bug over 33.3% could mean loss of finality

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

Layer 1

Toni Wahrstätter: attestations analysis, node operator performance, best/worst validators, big block & blob impact and proposer timing games

Data Always: censorship resistance proposal, limit missed proposer income & increase localBlockValueBoost

Constantine v0.1: implementations of BLS signatures, BN254 & BLS12-381 precompiles and KZG polynomial commitments for blobs; bindings in C, Go, Nim & Rust

Péter Szilágyi: SSZ library implemented in Go

Research

Anders Elowsson: dynamic pricing auction of execution proposal rights, induces less new MEV & produces high aggregate MEV burn

Client Releases

Consensus layer:

Lodestar v1.20.0: lodestar/api package changes exported types, flag to use SSZ APIs with validator client and testnet bootnode ENRs updated

Execution layer:

Besu v24.7.0: adds eth_maxPriorityFeePerGas support and improvements to sync, peering & startup performance

Erigon v2.60.3: adds optional include precompiles flag to tracing

Geth v1.14.7: hotfix for concurrent map read/write bug in v1.14.6

Reth v1.0.1: full node performance improvements, ExEx backfill & RPC fixes

For Stakers

Stereum v2.2: multi-setup support and connection check to test network stability & connectivity

Layer 2

OP Stack Fjord upgrade, cheaper smart wallet passkey verification via RIP7212 secp256r1 precompile and 5-15% lower data availability costs via Brotli channel compression

RollCall (L2 standards) #6:

L1 blob basefee spike on June 20 discussion and presentations on RIP7728 L1SLOAD precompile & RIP7740 preinstall deterministic deployment factories

Titan Builder eth_sendBlobs: send permutations of blob transactions from a single sender

EIPs/Standards

EIPs (Ethereum improvement proposals):

EIP7742: Uncouple blob count between CL and EL

RIPs (rollup improvement proposals):

RIP7740: Preinstall deterministic deployment factories

ERCs (application layer standards):

ERC7737: Custom data access model

ERC7738: Permissionless script registry

ERC7739: Readable typed signatures for smart accounts

ERC7741: Authorize operator (via EIP712 secp256k1 signatures)

EIP.tools adds EIP-GPT, AI generated summary of an EIP/ERC

Stuff for developers

Web-solc: adapter to fetch/run specific version of Solidity compiler in the browser

RareSkills: guide to OpenZeppelin Contracts Initializable

ERC3770 (Rust): helper method for ERC3770 chain specific addresses

Nethermind Clear: formal verification framework for Yul code

Byteracing: maze solver in Solidity, try to make it more gas efficient

Security

Dough Finance $2M exploit via unvalidated calldata

Ecosystem

Devcon updates:

Ticket sales are open

Self-claimable discounts (using Ethereum address or GitHub)

Application based discounts

General admission wave 1 July 16

Speaker & volunteer applications are open

Bangkok city guide

EthCC videos

RicMoo’s Firefly Pixie: open source hardware wallet

Nethermind: Senior Device Security Engineer, Senior DevOps Engineer AMER & APAC, Full Stack Lead APAC, Post-Grad Internship & Chief Marketing Officer

EF seek a European/Civil Law qualified Legal Counsel

Aragon: Senior Smart Contract Developer

Job listings: $600 for 4 issues (75 char limit). Pay using 3cities. Questions? abcoathup at-gmail

Onchain stats

Fees (via ultrasound.money):

Gas: 1.0 to 28.6 gwei, 3.6 gwei average; zero net issuance at 23.5 gwei

15k ETH net issuance this week

ETHUSD: $2,866 - $3,185, currently $3,133, all time high $4,878

ETHBTC: currently 0.054 (Flippening at ~0.164)

Notable at app layer

Multiple domains registered with Squarespace compromised including Compound Labs & Celer:

Google Domains users migrated to Squarespace should enable 2FA & remove excess contributor accounts

Fileverse dDocs: browser based word processor, end to end encrypted

Regulation/business/tokens

SEC formally notifies Paxos that it will not be charged for BUSD

SEC Staff Accounting Bulletin 121: SEC allows some exceptions to balance sheet reporting, House failed to overturn Presidential veto of repeal

Republican party adopts very pro-crypto platform

Alex Pertsev denied bail to prepare for appeal

Roman Storm granted trial delay until December

General

Tayvano: example of a Lazarus attack, contact via socials and then compromise via GitHub repo

AT&T breach, data includes records of calls & texts of nearly all customers

Signal desktop stores decryption key in plain text file, encryption work started after backlash

END OF SERVICE: plan to deprecate Week in Ethereum News

Editor: @abcoathup Follow @WeekinEthNews for the most clicked links Permalink: https://weekinethereumnews.com/week-in-ethereum-news-july-13-2024

(new/changes in bold)

Jul 29-30 – EDCON Tokyo conference

Aug 2-4 – Ethereum Argentina conference & hackathon

Aug 7-9 – Science of Blockchain Conference (New York)

Aug 15-17 – Ethereum Uruguay hackathon & conference

Aug 23-Sep 13 – ETHGlobal ETHOnline virtual hackathon

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 – NapulETH (Napoli)

Sep 13-14 – Ethereum México

Sep 20-22 – ETHCapeTown hackathon

Sep 20-22 – ETHGlobal Singapore hackathon

Sep 26-27 – ETHMilan conference

Oct 4-6 – Ethereum Kuala Lumpur conference & hackathon

Oct 4-6 – ETHRome hackathon

Oct 17-19 – ETHSofia conference & hackathon

Oct 18-20 – ETHGlobal San Francisco hackathon

Nov 12-15 – Devcon 7 - Southeast Asia (Bangkok)

Nov 15-17 – ETHGlobal Bangkok hackathon

Sign up to receive this newsletter weekly