
#940 - EIP-8250, ACTA, and the LayerZero blame game
Researchers propose keyed nonces, ACTA extension for ERC-8004, and KelpDAO migrates rsETH to CCIP.
EIP-8250 Keyed Nonces.
ACTA extension for ERC-8004.
Kelp migrates rsETH to CCIP.
a16z Crypto $2.2b fund.

Thiery, Wahrstätter, Lightclient, and Vitalik proposed replacing the single sender nonce in frame transactions with a keyed nonce system, where each key operates as an independent replay-protection domain. The change eliminates a throughput bottleneck for privacy protocols, routing multiple users through one shared address. Vitalik has framed it as a first step toward a broader state scaling strategy for Ethereum. EIP-8250 is targeted for the Hegota upgrade. Read more →
The Ethereum Foundation PSE team introduced ACTA, a privacy extension to ERC-8004 that uses zero-knowledge proofs to let AI agents prove claims about reputation, jurisdiction, model provenance, without revealing underlying data on-chain. It addresses five gaps in ERC-8004, including its permanent public interaction graph and lack of anonymous reputation feedback. Read more →
KelpDAO is migrating rsETH to Chainlink CCIP following the April 18 exploit. Kelp says that LayerZero's own infrastructure was the cause, not just a Kelp misconfiguration. Kelp added that it detected the breach itself before LayerZero. LayerZero CEO Bryan Pellegrino disputed the claim, citing onchain records showing Kelp manually switched to the vulnerable 1-1 DVN configuration. Read more →
Ethrex v11.0.0 release
Ethresearch: Native proof verification
Gerstein Harrow replies to Aave
Aave increases v4 caps
Alchemix increases v3 caps
a16z Crypto $2.2b fund
Abritrum security council members
Lido stVaults products overview
Tydro pauses markets
Coinbase cuts 14% of staff
Ekubo suffers $1.4m exploit
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

#939 - Aave Fights Restraint On Kelp Funds, Glamsterdam Targets 200M Gas
A U.S. law firm seeks to seize 30,766 ETH frozen from the KelpDAO exploit; Aave files an emergency motion to vacate. Core devs target a 200M gas limit floor after Glamsterdam.
Law firm files notice to ArbDAO.
Aave files motion to vacate restraint.
Core devs target 200M gas limit floor.
Upbit launches GIWA Chain on OP Stack.

Gerstein Harrow LLP filed a restraining notice in SDNY against Arbitrum DAO, blocking the transfer of 30,766 ETH frozen from the KelpDAO exploit. The firm argues the funds are DPRK-linked property and can be seized to satisfy a decade-old default judgment for its clients. ZachXBT called the move "pure evil," noting Gerstein Harrow is the same firm behind the notorious PoolTogether lawsuit. Read more.
Aave LLC filed an emergency motion to vacate the SDNY notice, arguing that a thief does not gain legal title to stolen property, the ETH belongs to KelpDAO victims and downstream DeFi users. Aave is requesting Gerstein Harrow's clients to post a $300M bond if the notice stands. The DAO transfer to a recovery multisig could remain blocked pending the court's decision. Read more.
Ethereum core devs agreed to target a 200M gas limit floor after Glamsterdam, unlocked by ePBS, Block-Level Access Lists, and EIP-8037 state repricing. The decision came out of Soldøgn Interop, a week-long gathering of over 100 core contributors in Svalbard. Final figures will be confirmed on upcoming AllCoreDevs calls. Read more.
South Korea's largest crypto exchange Upbit announced GIWA Chain, its own Ethereum L2 built on the OP Stack via Optimism's self-managed OP Enterprise tier. Upbit will run its own sequencer and retain full control while the Optimism Foundation provides backup infrastructure. The testnet is live, with a mainnet launch to follow. Read more.
Researcher Toni Wahrstätter outlined how Frame Transactions (EIP-8141) could let privacy pools pay withdrawal fees directly from the withdrawn funds, removing the centralized relayer dependency that protocols like Tornado Cash rely on today. With targeted changes, privacy transactions could match the censorship resistance of ordinary Ethereum transactions. Read more.
Bitmine stakes $4.3m ETH
ETHis Munich on July 2nd
Fe bug bounty program
OpenZeppelin Risk Assessment
Base to use Succinct SP1
ENS celebrates 9 years
LEND token migration
Bryan Pellegrino comments on exploit
Relay brings cross-chain to Peer
L2Beat April Ecosystem Update
SAFE staking rewards
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

#938 - Ethereum Hits 25M Blocks, Bitmine Buys Another 10k ETH
Ethereum hits 25 million blocks, the EF completes a second 10k ETH OTC sale to Bitmine, Optimism expands Actions SDK, and Peer launches a Disputes Portal.
Ethereum hits 25 million blocks.
EF sells 10k ETH OTC to Bitmine.
Optimism expands Actions SDK.
Peer launches Disputes Portal.
https://open.spotify.com/episode/0FRHiJERKjvgo7uFzf3R5L

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On May 1, 2026, the Ethereum blockchain processed its 25,000,000th block since inception. Go-Ethereum contributor Lightclient celebrated the milestone on X. Block 25,000,000 contained 377 transactions and 122 internal contract transactions, was produced by Titan Builder, and burned 0.04 ETH in gas fees. The milestone comes as Ethereum approaches its 11th year of operation with 100% uptime, maintaining uninterrupted service through major upgrades. Read more.
The Ethereum Foundation disclosed a second 10,000 ETH sale via an over-the-counter (OTC) deal with Bitmine Immersion Technologies Inc., executed at an average price of $2,292.15 per ETH. The transaction comes exactly one week after the Foundation completed a 10,000 ETH OTC sale with Bitmine. Bitmine is the world's largest Ethereum treasury company, holding over 5 million ETH in its portfolio. In Q1 2026 alone, the Ethereum Foundation distributed $9.8 million in grants. Read more.
Optimism expanded its Actions SDK, evolving it from an early developer preview into a more complete framework for embedding DeFi directly into applications. The updated SDK supports lending through Aave and Morpho, and token swaps via Uniswap and Velodrome, with built-in routing and liquidity handling. A standardized action interface unifies all operations, reducing integration complexity. Read more.
Peer, a ZK-powered fiat–crypto bridge, launched its Disputes Portal, an automated system to protect liquidity providers from fiat chargeback fraud. The issue lies where takers pay in fiat, receive USDC onchain, then reverse the fiat payment. The portal allows Peer LPs to submit the disputed transaction and the payment platform's email. If a dispute is approved, the attacker's wallet and linked wallets are blocked, payment methods are revoked, and refunds are triggered. Read more.
Ethereal news weekly #21
MegaETH hits $575m Aave TVL
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
