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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 👨‍💻

• ​RPC Standards Call #4​
• ​Ethereum Sequencing and Preconfirmations Call #18​

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

• Optimism SuperStacks data shows great growth trends.
• ​Fuel Network FND did a token buyback for $750k.

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

Tweets

• ​Dune Digest 10 is live, covering the major on-chain milestones.
• ​ERC4337 frontrunning MEV strategy focuses on an arbitrage opportunity around bundlers.
• ​EF research update of last week by Ladislaus.
• ​Zellic retrieved every smart contract on Ethereum.
• ​Nous Research announced Psyche to democratize the development of AI

Research

• ​Across Prime, a research by Paradigm focusing on design for capital-efficient and trustless fast bridging.
• ​Guiding LLM-based smart contract generation with FSM​

More on Ethereum

• ​Signal-Boost, a L1 Interop Plugin for Rollups
• ​The Hunt: Tracking Organic Prover Killer blocks on Ethereum​
• ​The blob demand didn’t go up after the supply was updated through Pectra.

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

• ​First Pectra upgrade rescue by a whitehat.

Community Spotlight

QuillAudits | Web3 Security 🥷 @QuillAudits_AI GM GM 🛡️ We’ve partnered with @chain_risk to level up your project security. Launching vaults? Building lending markets? Now get economic risk simulations as an add-on to our audit services at minimal cost. 🧵👇 7:50 PM • May 15, 2025 19 Retweets 30 Likes Read 5 replies

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QuillAudits | Web3 Security 🥷 @QuillAudits_AI 📹Dubai was wild Dubai Aftermovie - blink and you’ll miss the alpha. 2:37 PM • May 13, 2025 10 Retweets 30 Likes Read 4 replies

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QuillAudits | Web3 Security 🥷 @QuillAudits_AI Successfully completed the audit for @onewaveapp 🌊 Multi-chain ecosystem on BSC, Polygon, Ethereum & Lycan for seamless transactions, payments, gaming & more. Our team resolved two issues which we found during the audit 🥷 https://www.quillaudits.com/leaderboard/onewave quillaudits.com Onewave Security Audit Report | QuillAudits Unveil the details of Onewave security audit by QuillAudits. Boost security and ... 1:47 PM • May 16, 2025 2 Retweets 11 Likes Read 1 replies

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Preetam | QuillAI 🥷🏄 @raopreetam_ So true — at QuillCheck, our diligence agent has scanned 3M+ tokens so far. Over 1M turned out to be rug pulls or honeypots. The craziest part? Linked wallet clusters keep popping up , same bad actors, different tokens. It’s not just chaos. It’s organized fraud. 11:37 AM • May 15, 2025 4 Retweets 23 Likes Read 1 replies

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QuillAudits | Web3 Security 🥷 @QuillAudits_AI Bet your crypto OpSec cannot survive one phishing link. A user lost $330M last month to a phishing attack🕵️‍♂️ 1:11 PM • May 14, 2025 6 Retweets 16 Likes Read 4 replies

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