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May 9, 2026

#943 - Judge Clears ArbitrumDAO To Transfer Frozen ETH To Aave LLC

A judge clears the ArbitrumDAO recovery transfer, Mantle DAO approves a 30k ETH loan to Aave, and Devcon 8 Early Bird tickets land on May 20th.

Quick Take

  • 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.


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Judge Clears ArbitrumDAO To Transfer Frozen ETH To Aave LLC

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 Approves Aave Loan

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

Interop SDK Cross-Chain Package

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 8 Early Bird Tickets

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

Other News

  • 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

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May 8, 2026

#942 - ArbitrumDAO Approves rsETH Recovery Effort

AWS AgentCore Payments, Obol Stack v0.9.0, Protocol Guild's Agora upgrade, and ArbitrumDAO's rsETH recovery vote.

Quick Take

  • AWS AgentCore Payments with x402.

  • Protocol Guild upgrades DAO to Agora.

  • ArbitrumDAO approves rsETH recovery.

  • Obol ships Stack v0.9.0.



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AWS Launches AgentCore Payments With x402

AWS launched Amazon Bedrock AgentCore Payments, adding native payment capabilities to AI agents built on Bedrock with support for the x402 stablecoin payments protocol. The release was built in collaboration with Coinbase and Stripe and enables agents to autonomously transact using onchain stablecoins and traditional payment rails. AgentCore Payments handles authorization, settlement, and receipts for agent-initiated transactions, extending the agent commerce stack alongside ERC-8004 trustless agent credentials. Read more

Protocol Guild Upgrades DAO, Drops Multisig Dependency

The Protocol Guild upgraded its DAO smart contracts to Agora Governor, moving control of its split contract from a multisig to fully onchain DAO governance. The new contracts use two proposal types: membership updates require 33% quorum and 51% approval, while weekly distribution proposals require 0% quorum and 100% approval. The upgrade brings Protocol Guild's legal entity under DAO control. Read more

ArbitrumDAO Approves rsETH Recovery Effort

ArbitrumDAO approved a temperature check vote to release 30,765.67 ETH frozen by the Arbitrum Security Council following the April 18 KelpDAO exploit. The vote passed on May 7 with 90.96% in favor. The funds will be routed to the DeFi United recovery effort, a 3-of-4 multisig controlled by signers from Aave Labs, KelpDAO, EtherFi, and Certora, and applied toward restoring rsETH's backing. Approximately 42 days remain before the transfer is fully executed across the onchain execution stages. Read more

Obol Stack v0.9.0 Release

Obol released Stack v0.9.0, the latest version of its distributed validator technology (DVT) stack. The release introduces agent-payable validators via x402, allowing AI agents to programmatically pay for validator services using OBOL. The release also ships Hermes as the new default agent runtime and introduces a Claude Code plugin. Read more

Other News

  • ACDE #236 minutes

  • Ethereum $284m inflows

  • How EtherFi migrated to OP

  • Gitcoin deploys $1m into Octant

  • DL News winds down

  • x402 surpassed $100m in Q1

  • Solv Protocol migrates to CCIP

  • Offchain Labs is now Offchain

  • EIP-7782: reduce block time latency


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

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May 6, 2026

#941 - Aave Liquidates Attackers' rsETH Positions

Aave Executes rsETH Liquidations, Centrifuge Launches S&P 500 Token On Base, and Validator Consolidation Hits 10m ETH.

Quick Take

  • Aave liquidates attacker's rsETH.

  • Centrifuge launches deSPXA on Base.

  • Validators consolidate 10m ETH.

  • ArbitrumDAO rsETH recovery vote.



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Aave liquidates attacker's rsETH positions

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 launches tokenized S&P 500 on Base

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 consolidate 10 million ETH via MaxEB

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 →

Other News

  • 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

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