Ethereum Bulletin #62

1st Ever AI Model Built on Ethereum $1 Million USD for Merge Bounties, WatchTheBurn Farewell, cbETH Released by Coinbase, Otterscan Ethereum Blockchain Explorer

Ethereum Bulletin #62


1st Ever AI Model Built on Ethereum

Modulus Labs have created the 1st Ever AI Model Built on Ethereum, i.e., It is an AI app that can trade by itself on-chain. A neural network was trained on historical USDC/ETH prices and is implemented in Cairo. This neural network is deployed as a contract on StarkNet and gets a live price feed from Graph Protocol. Every USDC/ETH trading decision is transcribed into a zero-knowledge proof generated by StarkNet and sent to Ethereum for validation. Here is the link to its official Github repository.

$1 Million USD for Merge Bounties

Ethereum is moving to proof-of-stake. The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain at 11:34:47am UTC on Sept 6, 2022. The TTD value triggering The Merge is 58750000000000000000000, expected between Sept 10-20, 2022. All Merge-related bounties have received a 4x multiplier between now and critical bugs are now worth up to $1 million USD. Here is an official announcement from Ethereum Foundation Team.

WatchTheBurn Farewell

WatchTheBurn website was useful to showcase how EIP-1559 works by showcasing the burn, tips, and insights in real-time as blocks arrive. This website was created by MariusVanDerWijden, Mohamed Mansour, Steven Cook and Eren Song. All costs related to the project were supported by Nansen.

cbETH Released by Coinbase

Coinbase will add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network (ERC-20 token). It is a utility token that represents ETH staked through Coinbase. Over time, the price of cbETH will likely deviate from ETH because cbETH represents 1 staked ETH plus all of its accrued staking interest starting from when cbETH's conversion rate and balance were initialized (June 16, 2022, 19:34 UTC). cbETH is minted exclusively by Coinbase.

Otterscan Ethereum Blockchain Explorer

Otterscan has announced its opensource Ethereum block explorer. Here is a quick recap of its journey by its developer Willian Mitsuda.

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Read more about Ethereum in previous Bulletins - Ethereum Bulletin

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