#949 - Aave Restores V3 WETH Markets, Carl Beek Departs The EF
Aave restores WETH markets, sGHO upgrades to ERC-4626, ETHGlobal opens a Continuity Track, and Carl Beek departs the Ethereum Foundation.
Aave restores WETH LTV parameters.
Aave upgrades sGHO to ERC-4626.
ETHGlobal debuts the Continuity Track.
Carl Beek and Julian Ma depart the EF.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
Aave has fully restored the loan-to-value ratios across all V3 WETH market deployments affected by the rsETH exploit, including Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea. Parameters are now set to their pre-incident values. KelpDAO is also consolidating its rsETH bridging support, dropping support for 20 chains effective June 15. The restorations bring a soft close to the DeFi United recovery initiative.
Aave upgraded its savings GHO product to a new ERC-4626-compliant vault. Yield now accrues directly in the share-to-asset conversion rate with no weekly Merkl claims, no lockup, and no rehypothecation. The upgrade also introduces GhoRouter, a stateless routing contract that enables USDC-to-sGHO conversions in a single transaction. Legacy stkGHO holders must migrate manually to continue earning rewards.
ETHGlobal announced the Continuity Track, a new hackathon format that lets builders hack with existing code. Teams can extend an open-source repo they already maintain or ship a new feature to a private product, releasing whatever they build over the weekend as open source. The 36-hour clock and team size of up to five remain unchanged. The track debuts at ETHGlobal New York from June 12-14.
Ethereum developer Carl Beek announced that May 29 will be his last day at the Ethereum Foundation. Beek joined the EF at 23 and contributed to the KZG ceremony and early Beacon Chain architecture. He co-authored EIP-7935 to raise the mainnet gas limit and authored Quick Slots EIP-8198 for reducing slot duration. Ethereum researcher Julian Ma also announced his departure.
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Vitalik on AI-assisted frml verification
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SEC prepares innovation exemption
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Hey comes back
Lens updates sessions
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created
#947 - CLARITY Act Clears Senate Banking
Senate Banking advances the CLARITY Act 15-9, Lido plans a 98% validator consolidation, and KelpDAO resumes rsETH withdrawals.
Senate Banking passes CLARITY Act.
Lido plans validator consolidation.
Coinbase treasury deployer for Hyperliquid.
KelpDAO resumes rsETH withdrawals.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
The U.S. Senate Banking Committee passed the CLARITY Act to the Senate floor on May 14th with a 15-9 bipartisan vote, including two Democratic yes votes. Led by SBC Chairman Tim Scott, the bill draws a clear line between digital asset securities and commodities, establishes clear transaction rules, and ends the regulation-by-enforcement approach that has stifled crypto innovation.
Lido Finance completed its first validator consolidation on the Hoodi testnet, kicking off a wave of testing ahead of a planned mainnet rollout in August 2026. The protocol aims to consolidate all curated validators from roughly 240,000 0x01 validators down to approximately 3,750 0x02 validators, a reduction of over 98%. The shift is made possible by MaxEB, introduced in Ethereum's Pectra upgrade, which raised the maximum effective balance per validator from 32 ETH to 2,048 ETH.
Coinbase is becoming the official treasury deployer of USDC on Hyperliquid, managing USDC reserves and sharing yield with the Hyperliquid ecosystem. Circle will handle the technical side, using CCTP to facilitate cross-chain transfers. USDC will effectively replace USDH as the de facto settlement currency and official quote asset on Hyperliquid, where USDC balances already sit at roughly $5 billion. Coinbase has also increased its staked HYPE position as part of the transition.
KelpDAO unpaused rsETH withdrawals, bridging, and claims as part of a coordinated restart following recovery from the April 18th LayerZero bridge exploit. Exchange rates will be updated around 4:30 pm CET on May 15th, with accrued staking rewards during the pause reflected at that point. rsETH is now fully backed thanks to funds raised from DeFi United. Aave simultaneously unpaused rsETH across its Ethereum Core, Arbitrum, Base, Linea, and Mantle markets.
ACDC #178 minutes
Fidelity FILQ market fund
Lido DAO approves Earn protection
EIP-8025: optional execution proofs
PSE: problems in private transfers
Vitalik on MTSlive
Ethereum Security QF final day
Ethereum Hub in Libson
Etherscan adds snakey charts
Aave bug bounty
Kraken migrates to CCIP
Zerion CLI for agents
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created
#951 - LayerZero Publishes KelpDAO Post-Mortem, Devcon 8 Tickets Open
LayerZero full post-mortem on rsETH bridge exploit, Devcon 8 Early Bird tickets go on sale, and Toni Wahrstätter explains BALs.
LayerZero post-mortem.
Devcon 8 Early Bird tickets.
Block-Level Access Lists explained.
ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.
Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.
LayerZero Labs published a full post-mortem on the April 18 attack on KelpDAO's rsETH bridge. The attack began on March 6, when a LayerZero developer was tricked into cloning a malicious GitHub repo that dropped malware on their macOS machine and opened a path into LayerZero's internal RPC infrastructure. The attacker poisoned two internal RPC nodes to feed forged chain state to the DVN signing service, producing a valid attestation for a fabricated cross-chain message that unlocked 116,500 rsETH on Ethereum. LayerZero says it will no longer sign as the sole required attestor.
The Ethereum Foundation opened Early Bird ticket sales for Devcon 8, with general admission priced at $349. Tickets are only purchasable with ETH via Pretix at tickets.devcon.org. Wave 1 launches in June at $699. Devcon 8 takes place from November 3 to 6, 2026, in Mumbai, India. Discounted and free tickets are available or coming soon for Indian residents, core developers, OSS contributors, and students.
Ethereum researcher Toni Wahrstätter published an explainer on EIP-7928, the execution-layer headliner in the Glamsterdam upgrade. The proposal attaches a Block Access List to every Ethereum block, a structured record of every account and storage slot a block touches, along with a log of what changed after each transaction. BALs let clients parallelize execution, prefetch state from disk, and compute post-state roots on the fly. Combined with ePBS, Wahrstätter frames the two proposals as a 10x scaling improvement with no hardware upgrades required.
Vitalik outlines privacy efforts
PSE PlasmaBlind payments
L2Beat lists Ronin
Tydro case study
Lighter RFQ in beta
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created