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Your Weekly Dose of "WTF is going on in crypto" is here 🫡

GM! BUIDLers

Crypto markets might be boring right now, but the building doesn’t stop. In this latest issue of HashingBits, we're diving deep into Ethereum's Core Developers meetings, covering all the major updates in the Ethereum ecosystem. But that's not all—we'll explore the latest happenings in the Arbitrum, Base & Solana ecosystems, along with advancements in the AI & Web3 space. For developers, we're highlighting new tools designed to assist smart contract developers and auditors.

EtherScope: Core Developments 👨‍💻

• ​Beam Call #4 - April 18, 2025​
• ​PeerDAS Breakout Room - Call #25​
• ​EOF Implementors Call #71​

L1 & L2 Developments

• ​Ethena launched Converge’s technical roadmap, a highly performant EVM chain built with Arbitrum and Celestia.
• ​EigenLayer slashing went to the mainnet.
• ​Arbitrum Timeboost is live on Arbitrum Nova and Arbitrum One.
• ​Celestia launched its mamo-1 128mb blob testnet.
• ​Coinbase Developers’ wallet is live, private keys are stored in a Trusted Execution Environment (TEE), adding to the wallet’s security.
• ​Monad surpassed 1 billion transactions on its testnet.
• ​Aave V3 is launching on Aptos.
• ​Everclear, the org solving interoperability, went mainnet.
• ​Pendle updated its fee structure, which will boost revenue by ~30%. The updated fee structure will go live on 2nd May.
• ​Euler is deploying on Optimism through a $500k grant provided by the Foundation.
• ​DeepBook launched its v3.1 on the Sui Network.
• ​Optimism introduced an incentive program called “SuperStacks” to boost the superchain.
• ​Autodotfun, a product by ElizaOS, went live on Solana.
• ​Jupiter launched Juno, an aggregator for Solana.
• ​Seal launched its security framework.
• ​SendAI launched its Solana Agent Kit v2.
• ​Herd Beta is officially live, a new way to understand smart contracts and on-chain transactions.

EcoExpansions: Beyond Ethereum 🚀

Arbitrum

• ​Ostium crossed 3B in trading volume.
• Gattaca is building Kairos, which is a new express lane auction system on top of Arbitrum Timeboost
• ​Liquity V2 fork is launching on Arbitrum.

Base

• Virtual Protocol Genesis went live on Base.
• Base launched its launch playbook.
• Quantum Resistant Quip Vaults launched on base.

Solana

• ​Solana apps pulled in over 70% of crypto’s revenue last week.
• ​Solana DePIN is expanding with Fuse.

Partners

• Zetachain 10 Days of Spring BUIDL program is live.
• Aethir's weekly recap is live, which includes their $100M ecosystem fund for RWA projects.
• Starknet Q1 updates - All that Starknet shipped.

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Explore the Depths of Knowledge: Research Papers, Blogs, and Tweets🔖

Tweets

• ​The Great TPS Lie: Crypto’s Obsession With Solving Problems Nobody Has.
• ​Post AI Agent Bubble: What’s the real value in Web3 x AI?
• ​Understanding the Bittensor Ecosystem​
• ​The future is Berryfiable: An Introduction to Boundless Apps, which uses RiscZero as zkVM and can settle on any layer.
• ​The Evolution of Consensus Models with Hyperliquid, Monad, and Sonic.

Research Papers

• ​Cartesian Merkle Tree, a data structure that combines a Binary Search Tree, a Heap, and a Merkle tree. The data structure is suitable for ZK-based applications.
• Exploring the embedded sentiment in bitcoin transactional data using Natural Language Processing (NLP).

More on Ethereum

• ​A maximally simple L1 privacy roadmap introduced by Vitalik recently, the roadmap focuses on improving privacy by pushing private transactions.
• Vitalik recently pushed a long-term execution layer proposal, replacing EVM with RISC-V
• Ethereum Transactions are 60% parallelizable.

Resources

• ​ERC-7683 - Crosschain Intents Primer, this primer focuses on the crosschain intent model and related resources.
• ​Fabric, a collective research initiative for based rollups

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Web3 Security

Articles

• How KiloEx got hacked for $7.4m+ in a price manipulation attack.
• VS Code extension to write invariant tests faster by Recon.
• A user lost $600k due to address poisoning in a transaction.
• ​Introduction to Move Language and related blockchains.

Research Papers

• ​Malicious Code Detection, the research focuses on detecting malicious code in smart contracts via Opcode vectorization using machine learning.
• ​Insecurity through Obscurity, the research is focused on exploring the vulnerabilities in closed-source contracts by analyzing the bytecode.

Twitter

• $OM and $ZK witnessed a recent decline in their prices.

Community Spotlight

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QuillAudits | Web3 Security 🥷 @QuillAudits_AI What if @QuillAudits_AI Quillian had fur?👀💙 https://twitter.com/opensea/status/1912210815819915721 OpenSea @opensea What if @opensea was a fur logo 💙 https://twitter.com/coingecko/status/1912189664062238962 10:25 AM • Apr 16, 2025 2 Retweets 17 Likes Read 1 replies

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Preetam | QuillAI 🥷🏄 TOKEN2049 @raopreetam_ Stay SAFU. It’s not just DeFi anymore — Web2-style hacks are creeping into Web3. https://twitter.com/zksync/status/1912141160744632737 ZKsync (∎, ∆) @zksync ZKsync security team has identified a compromised admin account that took control of ~$5M worth of ZK tokens — the remaining unclaimed tokens from the ZKsync airdrop. Necessary security measures are being taken. All user funds are safe and have never been at risk. The ZKsync 7:49 PM • Apr 15, 2025 2 Retweets 14 Likes Read 1 replies

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QuillAudits | Web3 Security 🥷 @QuillAudits_AI When you hear “Security” What is the first thing that comes to mind?🤔 12:59 PM • Apr 15, 2025 3 Retweets 24 Likes Read 9 replies

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Simba 🦁 @0x0simba_eth just a lil glimpse from @cypher_capital x @SuperteamAE SEZ x @solana 3:12 PM • Apr 20, 2025 2 Retweets 94 Likes Read 12 replies

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