Succinct Introduces SP1 Hypercube
A zkVM capable of proving over 93% of Ethereum mainnet blocks in under 12 seconds.
Succinct introduces SP1 Hypercube
Real-time Ethereum proving achieved.
Lido releases its V3 whitepaper.
Untron V2 goes live on the Superchain.
Succinct introduced SP1 Hypercube, its latest zkVM capable of real-time Ethereum proving. Building on SP1 Turbo, SP1 Hypercube is up to 5x faster and can prove over 93% of Ethereum mainnet blocks in under 12 seconds, with an average proving time of 10.3 seconds. SP1 Hypercube features a new proof system based on multilinear polynomials, offering better computational efficiency. A key component, Jagged Polynomial Commitment Scheme (PCS), avoids overcommitment by only committing to the necessary parts of a computation, enabling faster, cheaper, and more scalable proving.
Real-time proving is a major breakthrough for Ethereum’s long-term roadmap. It paves the way for more scalable Layer 1 execution, secure native rollups, and efficient light clients. In the future, it could significantly enhance decentralization by enabling block verification on consumer-grade hardware. Ethereum researcher Justin Drake noted that it could unlock 1 gigagas/sec throughput and make ultra-low-power validation feasible. Drake highlighted RISC Zero’s $120K GPU home cluster, which can generate ZKPs in just 9.25 seconds. While the SP1 Hypercube release marks a major milestone, Vitalik Buterin noted that it still needs to handle worst-case blocks in real time, achieve formal verification, and make proving practical on consumer-grade hardware.
Lido Finance released its whitepaper for Lido V3, a major upgrade that transforms the protocol from a pooled staking model into a modular, decentralized Ethereum staking infrastructure. The whitepaper outlines dual staking paths, a sovereign architecture, a redesigned stETH backing and liquidity model, and a risk management framework. At the core of Lido V3 is the introduction of stVaults, non-custodial, customizable smart contracts that allow users to define their own validator setups. stVaults support overcollateralized stETH minting and feature critical safeguards such as immutable collateral caps and an escape hatch to opt out of protocol governance. Lido V3 also introduces forced rebalancing, enabling the protocol to pull ETH from stVaults. The whitepaper is currently part of an active Request for Comment (RFC) and open to community feedback.
Untron, a cross-chain stablecoin platform enabling seamless USDT transfers between Tron and Ethereum L2s, is now live on the Superchain. Users can now move USDT from Tron to Base, OP Mainnet, Ink, Unichain, Mode, World Chain, Lisk, and Soneium with near-instant, gasless transfers. Untron is currently in beta.
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
Vitalik Proposes Partially Stateless Nodes
A new node type that can verify the chain while storing only a subset of the state.
Vitalik proposes Partially Stateless Nodes.
Succinct introduces its PROVE utility token.
Liquity V2 goes live on Ethereum mainnet.
EF Next Billion announces Season of Internships.
Vitalik Buterin published an Ethresearch article outlining how to preserve the ability for users to run full nodes as Ethereum increases its L1 gas limit. While increasing the gas limit improves scalability, it also raises bandwidth and resource demands, which can lead to centralization. Vitalik emphasizes that full nodes are valuable not just for validating the chain but also for providing trustless, censorship-resistant, and privacy-preserving local RPC access. Vitalik proposed partially stateless nodes, a new node type that verifies the chain while storing only a subset of the state. It allows users to maintain local access to data while reducing storage requirements significantly.
Succinct Labs introduced the Succinct Network, a decentralized protocol designed to connect provers with requesters. The network functions as a verifiable, high-performance two-sided marketplace for fast, secure, and transparent proof generation. Succinct also introduced $PROVE, its native utility token for the network. PROVE will be used to pay for proofs, secure the network through staking and slashing, and govern protocol parameters. The architecture blends an offchain auctioneer, which manages proof request matching and bidding, with onchain Ethereum smart contracts. The network will launch on testnet in the coming weeks.
Decentralized borrowing protocol Liquity deployed its V2 release on Ethereum mainnet. Users can now deposit multiple collateral types, including rETH and wstETH, to borrow BOLD, Liquity’s new yield-bearing stablecoin. Borrowers can set their own interest rates and can access high loan-to-value (LTV) ratios when using LST collateral. Users can deposit BOLD into the Stability Pool to earn rewards. Liquity V2 also introduces Protocol Incentivized Liquidity (PIL), enabling LQTY stakers to direct interest revenue subsidies to specific liquidity pools while still earning fees and rewards. Users can interact with Liquity V2 via ecosystem front ends like DeFi Saver.
The EF Next Billion team announced the Ethereum Season of Internships, a new initiative offering paid, fully remote internships across the Ethereum ecosystem from August to October 2025. Designed to bridge the gap between entry-level interest and long-term contribution, the program provides opportunities in development, research, design, legal, finance, and marketing. Projects actively contributing to the Ethereum ecosystem can apply to serve as host organizations, mentoring and managing interns throughout the 12-week program. The deadline to apply as a host organization is May 28, 2025, while intern applications are due by June 29, 2025.
GENIUS Bill passes
Circle may be acquired
Safe goes live on Lens Chain
Curve vote to remove whitelist
WCT airdrop to Zerion users
U.S. investigates Coinbase leak
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.
Fabric Introduces Signal-Boost
A mechanism that allows Ethereum rollups to access L1 data in real time, enabling a path to synchronous composability.
Fabric introduces Signal-Boost.
Coinbase suffers a data breach.
Obol introduces the Obol Stack.
Privacy Pools pauses deposits.
Fabric, a collaborative initiative focused on standardizing rollup infrastructure, introduced Signal-Boost, a proposed mechanism that enables Ethereum rollups to access L1 data in real time. Designed to be sequencer-agnostic, Signal-Boost works with both existing rollups that use dedicated sequencers and based rollups, without requiring any changes to their underlying stacks. The sequencer collects read-only L1 queries, executes them, hashes the results into a Merkle tree, and publishes the root to a SignalService contract on L1. The root is then included in the L2 block, allowing L2 contracts to verify L1 data using Merkle proofs. Signal-Boost enables real-time, same-slot access to arbitrary L1 data from L2 contracts, supporting use cases like instant deposits, live oracle reads, and atomic cross-chain transactions.
Coinbase disclosed a data breach involving its overseas customer support operations, where a small group of employees were bribed to leak customer data. Exposed information included full names, addresses, phone numbers, emails, partial Social Security and bank account numbers, government ID images, and account data. The attackers demanded a $20 million ransom, which Coinbase refused to pay. Instead, Coinbase launched a $20 million bounty for information leading to the attackers’ conviction. Coinbase notified affected users—fewer than 1% of its 100+ million customers—and committed to reimbursing those who have lost funds.
Obol Network introduced the Obol Stack, a modular, plug-and-play framework for building, distributing, and running decentralized applications and infrastructure. Leveraging Kubernetes and Helm, the Obol Stack brings scalable, composable, and accessible enterprise-grade software delivery to the Ethereum ecosystem. Networks and developers can package and distribute systems, while node operators can discover and run them to earn rewards. Obol Network is a Distributed Validator Technology (DVT) protocol, securing over $1 billion in staked ETH across validators on its network. It is also the first protocol to go live on Tally Staking with stOBOL tokens.
Privacy Pools, an onchain privacy protocol leveraging ZKPs for private token transfers, has temporarily paused new deposits following the discovery of a bug affecting two user transactions. The issue occurred when two deposits were made back-to-back, causing the reuse of the same preCommitmentHash. The bug led to duplicate nullifiers, which are necessary for withdrawal, rendering the affected deposits permanently stuck. Only two deposits were impacted, totaling 0.2 ETH. The Privacy Pools team has reimbursed the affected users. All other funds in the contract are not affected, and users can still withdraw or exit. A smart contract fix is being implemented to prevent the issue from recurring.
ACDC #157 highlights
Optimism distributes 1.3m OP
Fluid DEX LPs suffer losses
Tally Staking goes live
Facet receives EF grant
Obol Charon v1.4.3 releases
Trent introduces Pectra Pages
Defendants charged in RICO conspiracy
Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.