Ethereum News

Rocket Pool’s Ethereum Staking Service reaches $1B in TVL
Currently, the protocol has 385,344 ETH staked and 2,068 node operators. Sigma Prime, ConsenSys, and Trail of Bits have audited Rocket Pool's smart contracts.

Aave added cbETH to Aave V3 market on Ethereum
The Aave community voted to pass a governance proposal to onboard cbETH to Aave's Ethereum V3 pool. According to the voting results, 99.96% of the voting power favored the proposal, which will be executed soon.

Revolut launches staking of Ethereum, Cardano, Polkadot, & Tezos
This new service will only be available in the UK and select EEA markets. In addition, Revolut has increased the number of digital assets it supports, offering more than 90 tokens today.

Lido plans to level up ahead of Ethereum Shanghai hard fork upgrade
Lido is set to roll out staking reward withdrawals and improved staking architecture by announcing the upcoming Lido v2 upgrade. Two major focal points of the planned upgrade include Lido's introduction of its new Staking Router and enabling withdrawals for Ether.

Withdrawals Successfully Tested on Zhejiang Testnet
It was the first Shanghai-Capella (Shapella) public testnet. It is meant to invite community to test how Staked ETH Withdrawal process will look like after the mainnet upgrade.

World News

Australian Government moving towards Crypto Adoption
Australia has released the first step of a multi-stage plan to regulate the cryptocurrency industry within Australia. Assistant Treasurer Stephan Jones has shared the government's intention to "Ensure that consumers are adequately protected, and true innovation can flourish."

South Korea sets independent sanctions for crypto theft against North Korea
South Korea announced its first independent sanctions related to cryptocurrency thefts and cyberattacks against specific North Korean groups and individuals. According to Seoul’s Ministry of Foreign Affairs, four North Korean individuals and seven businesses have been placed on a blacklist for their alleged involvement in cyberattacks and cryptocurrency theft.

Kraken reaches $30M settlement with SEC over staking as IRS seeks user information
Kraken has reached an agreement with the United States Securities and Exchange Commission to stop offering staking services or programs to U.S. clients. In a Feb. 9 announcement, the SEC said it had charged Kraken with “failing to register the offer and sale of their crypto asset staking-as-a-service program,” which the commission claims qualified as securities under its purview.

China to launch National Blockchain Research Center
According to the China Daily’s report from Feb. 8, the center will create a research network with local universities, think tanks and blockchain businesses to explore core blockchain technologies. The fruits of this research will be used to further the digitalization of China and expand its blockchain industry.

Proposal to Deploy 1bp Fee Tier for UniswapV3 on Arbitrum Passed
Arbitrum has a thriving ecosystem of DeFi dapps that will benefit from less stable-to-stable friction. The Uniswap deployment on Arbitrum currently has ~308M of TVL and ~150M of Trading Volume.

Highlights of ACDC Call 102

  • Shapella Fork on Zhejiang Testnet was successful. Developers saw no major issues or bugs. There is also a possibility of Withdrawal Devnet 7.
  • Shapella Fork on Sepolia Testnet is scheduled for February 28.
  • There was also a discussion by Mikhail Kalinin to deprecate exchangeTransitionConfiguration. But this was not urgent, so developers have decided to get back to this change in the next hard fork.
  • Relays and Builders are yet tested on the Shapella Testnets. Also, there is an MEV Boost implementation ready for testing.
  • SSZ Transactions Breakout Room is scheduled for February 15. Here, Core Developers will discuss various SSZ proposals & their impact on EIP-4844.

Watch Here

Tech Articles

Why Ethereum Clients prefer SSZ over RLP?
After The Merge, Ethereum uses two serialization formats for its two underlined layers. Execution clients use RLP, whereas Consensus clients use SSZ for data storage and transmitting.

Upcoming Changes to Ethereum Blockchain
This is the first developers AMA of 2023 featuring Ethereum Roadmap & Network Upgrades. Ethereum developers also discussed Privacy, Adoption and MEV.

How Warm COINBASE helps in Gas Cost Reduction?
EIP-3651: Client Implementation & Testing Status, Earlier Efforts: EIP-2929, EIP-2930, EIP-1559

Transient Storage for Beginners
EIP-1153: Need, Effects, Pros & Cons, Future Plans

How Layer 3 in Future will look like?
Layer 3: Framework Proposed by Starknet, Advantages, Layer 2, Layer 1, Layer 0

Podcasts

The Network State Podcast with Balaji #1
A discussion between Vitalik Buterin and Balaji Srinivasan on starting new countries, improving yourself, and upgrading Ethereum.

PEEPanEIP #99: EIP-4736: Consensus Layer Withdrawal Protection with Benjamin Chodroff
This proposal outlines ways in which the execution layer deposit address, a consensus layer rebroadcast delay, and list of signed messages could create a social consensus that would significantly favor but not guarantee legitimate mnemonic holders would win a race condition against an attacker, while not changing core Ethereum consensus.

PEEPanEIP #98: EIP-5528: Refundable Fungible Token with Jerry Li
This standard defines an interface for smart contracts to act as an escrow service with a function where tokens are sent back to the original wallet if the escrow is not completed.

Account Abstraction & EIP 4337 with Yoav Weiss
In this episode, Bankless Team is talking to Yoav Weiss, a security fellow at the Ethereum Foundation and pioneer of account abstraction through EIP-4337.

NFTs Attacking Bitcoin? with Casey Rodarmor & Eric Wall
NFTs are now part of Bitcoin. Ever since the launch of the Ordinals protocol, NFTs on Bitcoin are all anyone can talk about.

Tech Explainers

Reth: Ethereum Execution Layer Client Written in Rust
Why new client?, Goals, Reth Book, Launch Date & Akula

Sign-In with Ethereum: EIP-4361
SSO, Problems in Web2 Vs Web3, Connect Wallet Vs Sign & Programming Languages

TWAMM: Time-Weighted Average Market Maker
Sandwich Attacks, Traditional Finance, TWAP, Arbitrage Traders & Constant Product Formula

MobyMask: An Initiative to Eliminate Phishers
Solidity Contract, Delegatable, Future, Reporters, Laconic Network & Goal

Proof of Reserves
FTX Drama, Merkle Tree, Merkle Root, Working & Shortcomings

ELI5 Explainers

We have tried to explain common ethereum blockchain concepts in under 60 seconds.

  1. What is an Ethereum Account?
  2. Externally Owned Accounts (EOAs) Vs Contract Accounts
  3. What is an Ethereum Transaction?
  4. Ethereum Transaction Lifecycle
  5. What is Ethereum Validator?

Readers can follow more short videos here.

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