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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
- Berachain introduced a new proposal, targeted to retain the PoL flywheel.
- mETH introduced vaults in HyperEVM ecosystem.
- FTX unstaked $33M worth of SOL while still holding $900M worth of SOL.
- Pumpdotfun introduced the Creator Revenue Sharing Program.
- Uniswap became the first DEX to hit $3T in volume.
- Polynomial Fi introduced their v2.5, updated rewards, and yield mechanism.
- Sentiment hit $20M in TVL.
- Nakamoto, a bitcoin treasury company unveiled.
- Track the believe launches here—the dashboard by Ultra.
- CoW Protocol is moving from single Batch Auctions to Fair Combinatorial Auction (FCA).
- JPMorgan set up a public tokenized treasury in partnership with Ondo Finance and Chainlink.
- Aave hit a new ATH of $25B in TVL.
- EigenLayer introduced Redistribution—AVSs slashed funds can be repurposed, creating better economic incentives.
- Reth v1.4.1 is out, with a 4x performance boost.
- Alloy v1.0, alloy is the simplest and fastest Rust toolkit for EVM.
EIPs
- EIP7928, Block-level Access lists, EIP discusses how Ethereum can achieve parallel execution.
EcoExpansions: Beyond Ethereum 🚀
Arbitrum
- Weekly recap of Arbitrum Gaming and the AI ecosystem.
- Symphony introduced the first AI agent to trade stocks on-chain.
- Rho protocol got $500k in stablecoin deposits for their yield product.
- Arbitrum Timeboost stats.
- FDUSD expanded to Arbitrum.
Base
- DeFi AI agent by Rivo launched on Base.
- Base is starting to test Flashblocks to effectively reduce block times to 0.2s from current 2s.
Solana
- Explore the Solana Accelerate lineup here.
- Solana Chain GDP is up by 20% in Q1 25.
- Chainlink launched a new startup program in collaboration with Solana.
- Now build dapps with prompts on Solana.
Partners
Explore the Depths of Knowledge: Research Papers, Blogs, and Tweets🔖
Tweets
Research
More on Ethereum
Web3 Security
Attacks that recently occurred:
- Criminals acquired Coinbase data through rogue CB support, which was followed by their demand for $20M in ransom.
- Curve Finance DNS got hijacked, later they switched their domain.
- One of the Lido Oracle Signer keys out of 5-of-9 multisig got compromised.
- Mobius Token got hacked, and the attacker was able to mint about 9.7 quadrillion tokens, siphoning $2.1M from PCS LPs.
- Zumami Protocol got hacked for $500k—collateral for zunUSD and zunETH stolen.
Articles
- A Guide to Lending Protocols, the guide focuses on the lending protocols, design patterns, and attack vectors involved.
- Germans shut down eXch over $1.9B laundering, they seized €34M in crypto and 8TB of data.
- Pectra lets hackers drain a wallet with just an off-chain signature.
Twitter
Community Spotlight
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QuillAudits | Web3 Security 🥷
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7:50 PM • May 15, 2025
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QuillAudits | Web3 Security 🥷
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2:37 PM • May 13, 2025
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QuillAudits | Web3 Security 🥷
@QuillAudits_AI
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1:47 PM • May 16, 2025
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QuillAudits | Web3 Security 🥷
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1:11 PM • May 14, 2025
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