Welcome back to another edition of This Week In Ethereum. Your weekly guide to the best alpha in the Ethereum ecosystem.
Top 10 Ethereum News of the Week
1. The Ethereum Ropsten Testnet Merge was successful
2. The Responsible Financial Innovation Act (Crypto Bill) says:
"Digital assets that meet the definition of a commodity, such as Bitcoin and Ether, which comprise more than half of digital asset market capitalization, will be regulated by the CFTC"
This means ETH is classified as a commodity and NOT a security
3. PayPal now lets users transfer Ethereum to external wallets
4. During the Ethereum All Core Devs call, the devs decided it is best to push back the difficulty bomb so the Merge will happen without users feeling the effects of the bomb.
EIP-5133 proposes to push the bomb back 500,000 blocks to mid August 2022.
5. The ApeCoin AIP-41 proposal to keep Apecoin within the Ethereum ecosystem passes
6. Anthony Hopkins changes his Twitter profile to ahopkins.eth
7. The Optimism $OP exploiter returned 90% of stolen tokens and Wintermute commits to reimbursing the remaining $2M OP tokens
8. Tim Beiko leads the Ethereum All Core Devs Call 140
9. ETH withdrawals from Binance to L2s are now live
10. Gitcoin Grants GR 14 goes live
Stats
Over 12.8 million ETH are now in the Ethereum deposit contract. That’s over 10.5% of all circulating ETH. At current prices that's over $18 billion securing Ethereum through staking.
Ethereum generated $250 million in transaction fee revenue the past 30 days
ETH did $67 million in total revenue this week
31,689 ETH ($46M) were burned this week
OpenSea burned 4,129 ETH this week
Ethereum number of addresses holding 1K+ ETH hits 1 month high
Ethereum number of addresses holding 10+ ETH hits 18 month high
Ethereum number of addresses holding 1+ ETH hits ATH
Ethereum News
Ethereum goes over 200m cumulative addresses and continues to add 500k new addresses per week
Starkware announces new partnership with Snapshot Labs
Layer 2’s on Ethereum have burned over 20,000 ETH since EIP-1559 went live
Ribbon Finance issues the first on-chain convertible bond
Pooly NFT reaches 100% funding goal
DeversiFi launches cross-chain feature on Polygon
@RSSH273 will be a speaker at EthPrague
After the Merge Ethereum electricity consumption will be less than 0.000% of the world’s energy
ETH Global announces ETHNewYork is coming June 24 - 26
Chainlink releases new staking roadmap
@hildobby_ releases Optimism DEXs Dune Analytics dashboard
@arpitingle releases Library of Ethereum resources
@mhonkasalo releases post on what's going on with the stETH/ETH "peg"
Ren introduces RenBridge 3.0
Aave V3 has officially been deployed on the Ropsten Testnet
The MatchboxDAO hackathon is July 3 - 10
Bancor V3 is now supported on Ape Board
Uniswap is looking to hire an Application Security Engineer
@arjunnchand & @lifiprotocol release new Bridging page on the Ethereum website
Euler Finance announces $32 million funding round led by Haun Ventures
@ETHeyAndBeTChy release new comics
@iam_preethi releases Ethereum developer tooling landscape
@0xPARC releases zkREPL: An Online Development Environment for zkSNARKS
@ZkpadAnalytics releases The StarkNet Defi landscape
Ether Capital Corp shows off new website
Kiln is developing the Ethereum Liquid Staking protocol for Alluvial
ZK Daily releases ZK Daily x Starkware AMA Recap
EPNS collabs with H2Odata to bring decentralized push notifcations to the platform
Enzyme Finance now supports Convex Finance voting directly from their app
Numio releases zkSNARKs vs zkSTARKs
Ambire Wallet releases The Ambire Guide to Arbitrum Odyssey
The Merge Updates
I released a thread on Everything you need to know about the Ropsten Testnet Merge transition
At the end of the All Core Devs call @vdWijden says the bomb delay is a five line change for clients and easy to implement. He feels strongly this doesn't slow down team's work on The Merge.
The 1st block proposed on ErigonEth on the Ropsten Merge Fork had 71 transactions
The Ethereum Sepolia PoS Beacon Chain genesis is currently scheduled for June 20th
@dannyryan releases thread on why the Ropsten Testnet Merge was a major success
@PolymarketHQ updates odds on when the Ethereum Merge will go live
Blocks on Ethereum are starting to slow due to the difficulty bomb
@parithosh_j releases Summary of the Ropsten Testnet Merge
@superphiz announces ethStaker Merge Community Call Series
@ethStaker hosts Ropsten Merge Community Call
Jonathan Mann releases Ropsten Testnet Merge Song
CNBC drops article saying Ethereum just completed a successful dress rehearsal for its most important upgrade ever
Articles and Threads
@korpi87 releases The Merge is a substantial change in supply/demand forces most people underestimate
@Swagtimus releases StarkNet Roundup #19
@bantg releases How did a hacker steal OP
@dunleavy89 releases The Investor’s Guide To The Merge
@CroissantEth releases Ethereum has life changing opportunities in the wild
137pm releases The Story Of Ethereum’s Early Development with Camila Russo
Spencer Noon releases OurNetwork #125
Week in Ethereum News releases Latest Week in Ethereum News
@Dennis_qian releases new Monday DeFi Market Alpha
@0xNurstar releases Recaps on the previous Day on StarkNet
@funk_benjamin_ releases Understanding the EVM - Simplified
William Peaster releases Your Guide to the Synthetix Ecosystem on Bankless
@stonecoldpat0 Patrick McCorry releases Mental models for L1 and L2
@bitsplaining releases Layer 2 Landscape #22
@TWiDAOs releases This Week in DAOs #025
@teddywoodward releases DeFi isn’t dead, not even close
Defiprime releases The Defiprime Post #96
@econoar releases A thread on the past, present and future of Ethereum's security policy and why I think ETH will be the most unique asset on Earth after the PoS merge
Twitter Spaces
DeFi x NFT alpha fireside chat w/ @thekriskay @NestedFi @NFTfi @PoolTogether_ & @indexcoop
Unlocking Crypto Mortgages and Lending w/ @useteller & @TrueFiDAO
ETHMovie Infinite Machine Artist Interview w/ @lucasribei_ro
JediSwap The rise of smart contract based wallets w/ @imrgoyal & @mottylen
Rebels x ENS: Community Spaces w/ @IC_mints @nassyweazy & @futurealisha
Podcasts
Bankless State Of The Nation New Merge Updates w/ @TrustlessState & @TimBeiko
Superphiz and Ben Egington releases What’s New in Eth 2
Bankless SOULBOUND episode w/ @TrustlessState @VitalikButerin & @provenauthority
Bankless The Bear Market Gift w/ @RyanSAdams @TrustlessState & @pythianism
Anthony Sassano releases new The Daily Gwei Refuel episodes
Polygon Alpha Podcast w/ @Crypto_Texan & @MBRichardson87
If you missed This Week In Ethereum last week, make sure to check it out👇
This concludes This Week In Ethereum. I’ll be back again next week with the best alpha in the Ethereum ecosystem.
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This newsletter is for educational purposes only and is not financial or investment advice. Always make sure to do your own research and stay gucci.