TL;DR
Paradigm released the Reth 1.0 version of the Ethereum execution client.
The Ethereum Foundation announced the 25 winners of the ZK funding round.
MegaLabs completed a $20 million seed funding round.
The process of launching an Ethereum spot ETF progressed smoothly, but the specific timeline was unknown.
The new rules under the EU's Markets in Crypto-Assets (MiCA) framework came into effect on June 30.
Ethereum core developer Tim Beiko said on June 23 that mailing list providers using "updates@ethereum.org" have been attacked and that users should be cautious about clicking on links in emails.
The Ethereum Foundation announced on June 25 the 25 winners of the ZK funding round, a collaboration between the Ethereum Foundation, Aztec, Polygon, Scroll, Taiko, and ZKsync, with each project contributing $150,000 for a total prize pool of $900,000 USD. Selected projects include developing security frameworks, analyzing cryptographic schemes, creating benchmarking tools for performance and scalability, and integrating advanced cryptographic models into real-world applications.
karalabe.eth Submitted Ethereum Execution Layer Cross-Verification Proposal, Convert witness to fully opaque RLP on the engine API.
Crypto investment firm Paradigm released version 1.0 of its Ethereum execution client, Reth, on June 26th, the first production-ready version of the Ethereum execution client written in Rust.Reth 1.0 focuses on providing a stable Ethereum mainnet node.Reth enhances the stability of Ethereum Reth enhances Ethereum's stability with improved synchronization times, storage, and RPC throughput.Reth can fully synchronize an archive node from Genesis in less than 50 hours, compared to days for other clients. Officially, Reth is able to efficiently utilize resources in a variety of operational settings. Its implementation is inspired by clients such as Geth, Erigon and Akula.
The Eigen Foundation has allocated its first strategic grant to the Celo Foundation on June 27 to support the integration of EigenDA in Celo L2, after core contributor cLabs first proposed migrating Celo from EVM-compatible L1 with EigenDA at EthCC last July. migrating to L2 with EigenDA will help to avoid the high costs associated with native Ethereum storage and maintain Celo's low transaction fees.
MegaETH developer MegaLabs announced on June 27 that it had closed a $20 million seed round of funding led by Dragonfly, which was led by Kong Kong, former head of global business development at Consensys, in early 2023, and Yilong Li, a former Ph.D. in computer science from Stanford University who worked at the software company Runtime Verification Inc. MegaETH bills itself as the first fully Ethereum-compatible real-time blockchain, capable of processing transactions as they arrive and posting real-time updates on the results. optimized sequencer to achieve real-time performance.
Ethereum Core Developer Consensus (ACDC) Conference Call #136 took place on June 27th and discussed new research on client diversity data collection and multi-client block validation, in addition to sharing the latest progress on the Pectra upgrade. Pectra Devnet 1 will soon be ready for release. The EF Developer Operations (DevOps) team is waiting for the Execution Layer (EL) client to be ready. Teku Developer Mikhail Kalinin shares updates to the EIP 6110 specification. PeerDAS Devnet 1 is now available with three different CL client implementations.
Ethereum Repledge Protocol ether.fi Token ETHFI has been implemented on Arbitrum on June 28th as a native multichain, powered by the Wormhole Native Token Transport (NTT) framework. With the NTT framework, ETHFI can overcome cross-chain liquidity fragmentation without sacrificing the token's native properties.
Ethereum Repledging Protocol Renzo launched its flagship LRT (Liquidity Repledging Token), pzETH, on June 28th with partners Symbiotic, a repledging protocol, and Mellow Protocol, a Uniswap V3 LP automation protocol, supporting stETH, wstETH, wETH and ETH repledging.
SEC Chairman Gary Gensler said the process of launching the Ethereum ETF spot is going well, but did not know the exact timeline. Sources familiar with the matter said the SEC has returned the Form S-1 to the Ethereum Spot ETF's issuer with proposed changes. "It will need to go through at least one more round of revisions before it becomes effective." Issuers have been given until July 8 to address the comments and resubmit.
Steno Research forecasted net inflows into Ethereum spot ETFs to reach $15 billion to $20 billion in the first 12 months. Ethereum is expected to reach $6,500 later this year due to "strong" ETF inflows and other positive factors, and Galaxy Research says net inflows into the Ethereum Spot ETF will be $5 billion in the first five months. In addition, Bitwise expects inflows of $15 billion in the first 18 months.
The new rules under the EU's Markets in Crypto-Assets (MiCA) framework came into effect on June 30, affecting crypto businesses and consumers' use of the technology. In particular, stablecoin issuers will face a series of new stringent requirements starting next week, including limits on transaction volumes and values.
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