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

GM! BUIDLers

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, and Solana ecosystems, along with advancements in the AI and Web3 space. For developers, we're highlighting new tools designed to assist smart contract developers and auditors.

EtherScope: Core Developments 👨‍💻

L1 & L2 Developments

Ethereum Pectra Upgrade went live with updates around UX, blobs, and the validator set.
Skale L2 has partnered with Abyiss to bring RWA on-chain.
Kodiak Finance released updates regarding the Boyco Rewards and Transition.
Gamma Strategies introduced Momentum Edge on Hyperliquid, which uses real-time price momentum to rebalance positions.
Boyco Prelaunch vaults wind down.
Fee tiers are live on Hyperliquid.
Chainlink Rewards are live—A community engagement and Rewards Program.
Berachain Governance update—RFRV Batch 6 approved.
Hyperunit has crossed 3B+ in spot BTC and ETH volumes.
Resolv Labs launched a roadmap.
Backpack has launched the SOL Lending market on Backpack Exchange.
Hyperliquid has reached a new all-time high in OI of >$4.9B
LayerZero has introduced Hyperbridge to move assets easily to HyperliquidX.
Stripe announced Stablecoin Financial Accounts, enabling users to hold a stablecoin balance.
Solidity launched its version 0.8.30.
ZKsync is now fully EVM equivalent, enabling all EVM tooling to be used across ZKsync.
Coinbase Dev launched x402, a new open-source payment protocol built on HTTP rails, great for micro-payments.
Bitcoin core devs introduced a change to remove arbitrary limits on OP_Return.
Bridge introduced the USDB Stablecoin

EcoExpansions: Beyond Ethereum 🚀

Arbitrum

Arbitrum Gaming Ventures announced 5 major investments into the gaming ecosystem.
ArbitrumDAO has approved 35M ARB to accelerate RWA institutional adoption.
Universal uAssets launched on Arbitrum.
Renegade launched on Arbitrum

Base

Morpho has reached $1B in deposits on Base.

Solana

WalletConnect is live on Solana.
Solana DePIN is accelerating.

Partners

The Superchain has upgraded to Pectra within 48 hours of it going live on the Mainnet.
Zetachain hits 5M unique users.
Sei introduced SIP-3 to streamline Sei architecture to EVM only.

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

Tweets

Dinero: Redefining Staking and LSTs—by Reflexivity Research
Last missing yield layer—by Rysk Finance
Plug and Play Perps Exchange, HIP-3
Your Brain on AI
Flash Duels- User-Owned Binary Markets
Catalysts for Adoption: The Next Decade in Privacy

Research

Web3 Security

Articles

A Guide to Crypto OpSec—Social Engineering Attacks are responsible for major attacks in the crypto ecosystem, better OpSec could save users.
Post Mortem: ZK ElGamal Proof Program Bug—A bug that could lead to unlimited minting of certain tokens on the Solana Network.
Guide to EIP-7702 for Users, Wallets, and Protocols.
In April, $372 million was lost, out of which only ~$19M was recovered.

Research Papers

Timestamp-based Nakamoto-style Blockchains are Vulnerable—The paper introduces two attack strategies to exploit vulnerabilities in timestamp manipulation.
Economic Security of Multiple Shared Security Protocols—The paper explores different models around AVSs to secure the system from certain vulnerabilities.

Twitter

A vulnerability that can lead to Account Takeover on Chrome by slonser.
Social Engineering Scams through X (formerly Twitter).

Community Spotlight

QuillAudits | Web3 Security 🥷

@QuillAudits_AI

Survived the Dubai heat? Barely. 🥵
We showed up big at @token2049 so sliding back on your TL
Here’s a quick roundup of where we were and what we spoke about, from privacy to AI to DePIN and beyond.
🧵👇

2:52 PM • May 7, 2025

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QuillAudits | Web3 Security 🥷

@QuillAudits_AI

In collaboration with @Cointelegraph Accelerator, we conducted a VC and Startup connect in Dubai at @token2049 
The event was taken forward by a bunch of industry leaders, VCs, and builders 🥷 
We had awarded $50k in audit credits, more on that later. 
Here's how it was 🧵

5:18 PM • May 6, 2025

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QuillAudits | Web3 Security 🥷

@QuillAudits_AI

AI agents are paving their way into Web3, and we made their path easier with our Agents Got Talent event.
The event helped builders showcase their AI agents to the panel of AI specialists🥷
Huge thanks to our partners @QuillAI_Network, @Gaianet_AI, @NEARProtocol, @lagrangedev,