• MetaMask introduces Smart Transactions.

• Arbitrum onboards security council members.

• Erigon releases an update on Erigon 3.

• Robinhood Crypto receives a Wells notice.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

MetaMask introduced Smart Transactions, a new opt-in feature designed to protect against MEV and enhance transaction success rates. The feature shares a similar framework as MetaMask Smart Swaps, which uses a virtual mempool and employs an auction-based system where a network of searchers and builders compete to fulfill user requests. Transactions sent through Smart Transactions are not visible in the public Ethereum mempool. Users can monitor the progress of their pending transactions via the MetaMask portfolio dashboard. Smart Transactions are only available on Ethereum Mainnet and cannot be manually canceled or expedited. Smart Transactions can enabled in MetaMask v11.15 or later.

Arbitrum concluded its semi-annual security council elections, bringing in a fresh cohort voted by ARB token holders. Among the new members are Bartek, co-founder of L2Beat, Yoav, an Ethereum Foundation researcher, Fred, formerly of Offchain Labs, and security research firms Zellic, Certora, and OpenZeppelin. Comprising of 12 independent members, the Arbitrum Security Council undergoes bi-annual elections to rotate out six members at a time. The council is tasked with executing prompt protocol upgrades in emergencies. Upgrades initiated by the council bypass approval from the Arbitrum DAO, but are still subject to a short delay period.

Erigon, an Ethereum execution layer client, released an update regarding the upcoming launch of Erigon 3. With a shift to prioritize Erigon 3 development, the forthcoming v2.60.0 release will serve as the last major update for Erigon 2. Subsequent releases will focus on bug fixes or serve as release candidates leading up to the debut of v3. Engineered for optimal efficiency, Erigon 3 is designed for both full archive nodes and pruned node types. Erigon V3 code now resides in the main branch.

Robinhood Crypto, the cryptocurrency trading division of Robinhood, has become the latest recipient of a Wells notice from the SEC. The notice accuses Robinhood Crypto of similar violations as Coinbase, Kraken, and Uniswap, such as the failure to register with the SEC. Robinhood says it has received and cooperated with the SEC’s investigative subpoenas and has made attempts to register a specialized broker-dealer. Despite the notice, Robinhood says that Robinhood Crypto is here to stay.

• Polygon launches Miden Alpha testnet

• Fairblock releases FairyCoW Swap

• Implications of EIP-3074 inclusion

• Polygon native USDC migration campaign

• Upcoming retro funding rounds

• Mode begins Phase 2

• DeBank snapshot taken

• Coinbase securities lawsuit

• Hayden’s take on points

• Buttrfly supports Lens profile minting

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• Friend Tech launches its FRIEND token.

• $70 million address poisoning attack.

• LayerZero launches a self-report sybil program.

• EigenDA onboards rollups to mainnet.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Friend Tech, a Base-native social application where users can trade profile-based shares, quietly launched its V2 update alongside its FRIEND token airdrop. Users who accumulated points over the previous eight months are now able to claim FRIEND tokens. FRIEND has a total supply of 72 million and a market cap of $130 million. Following its release, the price of FRIEND dropped to a low of approximately $1 but has since rebounded to around $1.90. Eligible users can instantly claim 10% of their airdrop and must follow at least 10 users and join a Club to unlock the remaining 90%. A Club is a tokenized chatroom featuring a custom price curve. FRIEND is used as the native currency for purchasing Club memberships.

A user lost $70 million from an address poisoning attack. The victim sent 1,155 WBTC to an attacker who spammed the victim’s wallet with a zero-value ETH transfer using an address that looks similar to their own. The attack vector aims to trick the victim into transferring assets to a similar-looking fraudulent address. In this case, the victim fell for the simple attack vector. Etherscan typically makes an effort to hide zero-value token transfers on its block explorer by default. However, some transfers can still slip through the filter. Users are advised to carefully verify addresses and refrain from copying addresses directly from Etherscan.

LayerZero, a cross-chain messaging protocol, launched a self-report program for sybil users as part of its upcoming airdrop. The program rewards sybil users who voluntarily report themselves by granting them 15% of their intended allocation. Sybil users who fail to self-report and are identified by bounty hunters will forfeit their entire token allocation. Users have until May 17th to self-report. LayerZero is expanding the scope of sybil behavior to include more than just sybil factories. The protocol will flag the repetitive use of gas refueling dapps to appear active as sybil activity. LayerZero confirmed that the snapshot for its airdrop was taken on May 1st. LayerZero’s bridging protocol enables dapps to access cross-chain liquidity.

EigenDA, EigenLayer's native data availability solution, is now onboarding rollups onto its mainnet. Although still in beta, the onboarding process is intended to stress test the network's traffic capacity. EigenDA has 115 operators and 400,000 ETH in delegated stake from 42,000 re-stakers. EigenDA is set to be competitive with data blobs and will be production-ready as part of a general availability release in the upcoming months.

• ENS turns 7

• Reth execution extensions

• HAI approves SNX collateral

• EIP-5792 info site

• Giveth supports donation streams

• MakerDAO NewStable explainer

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• MODE token to launch on May 7th.

• Paragraph acquires Mirror.

• EigenLayer Stakedrop updates.

• ENS petitions to challenge a UD patent.

Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Mode, an L2 network built on the OP Stack, is set to launch its MODE governance token with an initial airdrop on May 7th at 11:00 AM UTC. The token will have a total supply of 10 billion, with 5.5% dedicated to the first of two user airdrops. Airdrop 2 will run frm May 5th until September 6th, distributing another 500 million tokens. 38% of the MODE supply is allocated to investors and core contributors, with 27% allocated to a foundation treasury, and the remaining 35% for end users and developers. Since its launch in January, Mode has amassed over $500 million TVL from 450,000 wallets. Mode features a sequencer fee-sharing module designed to reward developers.

Onchain publishing platform Paragraph announced its acquisition of Mirror, another onchain publishing platform founded in 2020. Colin Armstrong, the founder of Paragraph, will now serve as CEO of both products, while Denis Nazarov, former founder of Mirror, will continue as an advisor. Both Mirror and Paragraph will operate unchanged as separate platforms in the short term. Paragraph plans to seek feedback from writers before merging into a unified onchain publishing platform. Paragraph also secured a $5 million funding round led by Union Square Ventures, aiming to use the capital to expand its team. The parent company of Mirror also raised a $10 million seed round to launch a new social-media-focused Farcaster client named Kiosk.

The Eigen Foundation has updated its initial EIGEN Stakedrop, set to launch next week. The foundation will now allocate 100 extra EIGEN tokens to users who interacted with EigenLayer before April 29th. The increase aims to address high gas costs and increases the previous minimum of 10 EIGEN tokens per wallet. The lock-up period for investors and contributors will now start once EIGEN becomes transferable. While previously stating that transferability would commence following the activation of certain features like slashing and rewards, the foundation now anticipates enabling transferability as soon as September 30th, 2024. Certain operator testnet participants will now be eligible for allocations in Phase 2.

ENS Labs filed a petition with the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent on blockchain domain resolution that was granted to Unstoppable Domains in 2023. The petition is a formal request for the USPTO to reconsider and potentially revoke the patent. Nick Johnson, the founder of ENS, says that the patent is entirely based on open-source technology developed by ENS. Last year ENS sent an open letter to Unstoppable Domains, requesting a legally binding pledge to freely license their patent.

• ACDC #133 recap

• Base announces Onchain Summer 2

• Coinbase reports $1.6 billion in Q1 earnings

• LayerZero reveals airdrop snapshot

• Plume RWA L2 on Arbitrum Orbit

• RISC Zero introduces Steel

• Alchemy supports 4337 EntryPoint v0.7

• OpScan UserOp explorer

• EIP-2537 implement benchmarks

• Polygon voter behavior research

• Grayscale tokenization report

• Wasabi CoinJoin is shutting down

• Airstack raises $4m seed

• mpDAO launches on Ethereum

• Polygon acquires 150k USDGLO

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