Ethereum Weekly News— June 17, 2025
EIPs and Standards
New ERC Proposed for Stateless Encrypted Communication Standard
A new ERC proposal introduces a minimal, stateless protocol for encrypted peer-to-peer communication using smart contracts. The standard uses ECDH key exchange and AES-GCM encryption, with all cryptographic operations performed off-chain for flexibility and interoperability.
EIP-7951 for secp256r1 Curve Support Receives Working Group Approval
The working group has approved the proposal for adding secp256r1 curve support precompile, with further discussion planned for the next ACD meeting.
ERC-7969 DKIM Registry Interface Discussion Focuses on Security
Developers discuss adding DNSSEC check requirements to the DKIM Registry Interface EIP, considering gas efficiency and registry security measures.
Discussion on EIP-7934 Block Size Limit Modifications
Developers discuss modifying EIP-7934 to exclude withdrawals from block size limitations, noting that the consensus layer can specify withdrawal numbers that the execution layer must include.
Research & Development
Critique of Incentive Compatibility Research in Ethereum
A critical analysis highlights issues in how implementation theory and incentive compatibility are being applied in Ethereum Foundation research, calling for more rigorous frameworks.
Decentralization & Network Health
Centralized Entities Now Hold Over 30% of Bitcoin's Supply: Gemini
A Gemini and Glassnode report reveals that 216 centralized entities now control over 30% of Bitcoin's circulating supply, with holdings growing 924% since 2015. These entities include exchanges, ETFs, companies, DeFi contracts, and governments.
Staking & Validator Tools
Ethereum Reaches New Staking Milestone with 35M ETH
Ethereum's staked ETH has surpassed 35 million (29% of supply), while accumulation wallets hit an all-time high of 22.8 million ETH.
Security & Audits
Polyhedra cites liquidity attacks, Wintermute deposits behind ZKJ price drop
Polyhedra reported coordinated liquidity attacks and aggressive sell-offs of ZKJ tokens. Multiple wallets were involved in what the project described as a malicious attempt to manipulate prices, coinciding with Wintermute deposits.