• EF Protocol gets new leadership.

• CLARITY Act draft release.

• Aave Labs amends Arbitrum AIP.

• Octant deploys $1m to vaults.

The Ethereum Foundation named Will Corcoran, Kev Wedderburn, and Fredrik as the new leads of its Protocol cluster as Tim Beiko and Barnabé Monnot step down from their roles. The new team takes over the coordination of Glamsterdam, Hegotá, and the protocol strawmap. Beiko and Monnot announced their transitions on X. Read more

The Senate Banking Committee released its CLARITY Act discussion draft ahead of a Thursday markup. The nine-title bill splits SEC and CFTC jurisdiction over digital assets, introduces a Regulation Crypto framework for ancillary assets, and bans deposit-like interest payments on stablecoins. The draft also defines decentralization tests for protocols seeking exemption and sets disclosure standards for token issuers. Read more

Aave Labs posted an amended Arbitrum AIP updating the execution path for the previously approved transfer of 30,765 frozen ETH. A May 8th court order authorized the onchain transfer but required the ETH to move to a wallet controlled by Aave LLC rather than the originally proposed 3-of-4 Gnosis Safe. The recovery objective of restoring rsETH's backing within the Kelp protocol remains unchanged. Read more

• Geth v1.17.3 release.

• Erigon v3.4.1 release.

• Vitalik vibe coding for lean.

• Octant deploys $1m to vaults.

• EIP-8250 is now merged.

• Bitmine stakes 4.7m ETH.

• CoW compensates hijack victims.

• KelpDAO rsETH update.

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

• Order clears ArbDAO to transfer ETH.

• Mantle DAO approves a loan to Aave.

• Cross-chain package for Interop SDK.

• Devcon 8 early tickets start May 20th.

United States District Judge Margaret M. Garnett signed a court order allowing an onchain governance vote to transfer the 30,765 frozen ETH from the ArbitrumDAO to a wallet controlled by Aave LLC. The order provides explicit legal cover for participants: any party initiating, voting on, or participating in the transfer is not in violation of the restraining notice served by Gerstein Harrow LLP on May 1st. The restraining notice transfers with the assets. The judge did not rule on the merits of the plaintiffs' claim. Read more

Mantle DAO passed a governance proposal authorizing its treasury to lend up to 30,000 ETH to Aave DAO to address bad debt from the April 18 KelpDAO LayerZero exploit. The loan carries a variable rate of the Lido staking yield plus 1% APR with up to a 36-month maturity. As collateral, Aave will allocate 5% of protocol revenue and at least $11 million in AAVE tokens to a multisig over which Mantle holds a first-priority lien, and will delegate 130,000 AAVE for governance during the loan. Read more

Wonderland released a cross-chain package for the Interop SDK that gives developers a unified API for fetching bridge quotes, executing transfers, and tracking orders. The package is powered by the Open Intents Framework and follows EIP-7683 for cross-chain intent structures, with initial support for Across, Relay, OIF, LiFi, and Bungee. The release is experimental and has not been audited. Read more

Devcon announced that Early Bird ticket sales for Devcon 8 will begin on May 20, 2026, sold through an ETH-native payment integration built directly into Pretix. Early Bird General Admission will cost $349. Devcon 8 takes place in Mumbai, India, from November 3–6, 2026. Students and professors can already apply for free or discounted tickets. Read more

• Ethereal news weekly #22

• LayerZero apology

• Wasabi incident postmortem

• EPF applications close next week

• Hermetic modular playground

• Fileverse supports suggestions

• Coinbase Q1 2026 Earnings Call\

• Coinbase experiences an outage

• SBC agenda includes CLARITY Act

• Yearn deprecates some vaults

• LayerZero McPepes drama

• Prop tax lien on Base

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

• Aave liquidates attacker's rsETH.

• Centrifuge launches deSPXA on Base.

• Validators consolidate 10m ETH.

• ArbitrumDAO rsETH recovery vote.

Aave executed a governance-authorized liquidation of rsETH collateral held by the April 18 KelpDAO attacker across Ethereum mainnet and Arbitrum V3, seizing approximately 89,567 rsETH. A temporary oracle adjustment forced the positions into a liquidatable state, collateral was swept to a recovery guardian multisig, and all configuration changes were fully reverted. No other users were affected. The recovered rsETH is being redeemed for ETH to clear the deficit across affected Aave markets, with full restoration of rsETH backing in its final stages. Read more →

Centrifuge launched deSPXA on Base, a tokenized version of the Anemoy S&P 500 fund managed by Janus Henderson and benchmarked by S&P Dow Jones Indices, bringing 24/7 on-chain exposure to the S&P 500 for eligible non-U.S. users. It is the first product under Centrifuge's deRWA framework, designed to make tokenized real-world assets composable with DeFi protocols. Coinbase named Centrifuge a preferred tokenization infrastructure partner. Read more →

Ethereum validators have consolidated over 10 million ETH, more than a quarter of all staked ETH, using 0x02 withdrawal credentials. Just 1.4% of validators, roughly 12,500 out of 897,000, now control this stake. The consolidation is enabled by MaxEB (EIP-7251), introduced in Pectra, which raised the maximum effective validator balance from 32 ETH to 2,048 ETH. Having fewer validator indices directly improves Ethereum's finality times. Read more →

• ArbitrumDAO rsETH recovery vote

• L2Beat interop pages

• Glamsterdam devnet 3

• Ethereum mainnet tx uptrend

• PQ tx signature breakout #7

• Aave analytics dashboard v2

• Katana $100k trading competition

• IRIS introduces origination layer

• ETHis partners with Use Case Lab

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