EthHub Weekly #192

OVM 2.0 upgrade now live, Arrow Glacier is coming, DAI Wormhole detailed and much more!

Nov 16, 2021

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

News of the Week

🐦 Twitter Forms new Crypto Team to Incorporate Decentralized Tech Into the Platform

The social media firm Twitter is building out a new crypto team to add crypto, blockchain and decentralized technology into the popular social media platform.

The Financial Times reported Wednesday that Twitter has hired Tess Rinearson to be its crypto engineering lead.

Rinearson also took to Twitter to reveal plans for what the crypto team will focus on in the near future. First, they'll grow decentralized apps (DApps) for creators to manage virtual goods, currencies and ways for their fans to support their community.

Farther down the road, Rinearson hinted that her team will look to crypto tech to augment identity, community and ownership on Twitter.

⚖️ SEC Rejects VanEck’s Spot Bitcoin ETF

The U.S. Securities and Exchange Commission has rejected a proposed effort to list a spot bitcoin exchange-traded fund.

The agency, which regulates securities markets in the U.S., had previously punted its final determination on VanEck's proposed fund. The most recent delay took place in September, setting the stage for a final deadline of November 14 (though it was expected sometime Friday given the weekend timing).

"This order disapproves the proposed rule change," the SEC said in its notice, published Friday. "The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), in particular, the requirement that the rules of a national securities exchange be “designed to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest.”

Project Updates

Arrow Glacier is Coming

The upgrade will go live on the Ethereum mainnet at block 13,773,000 around December 8th. The only change included is one to push back the difficulty bomb to June 2022.

OVM 2.0 Now Live

The Optimistic Ethereum network has now been upgraded to be EVM equivalent and projects interested in deploying on the network can apply using this form.

SIWE Library Released

The ‘Sign in With Ethereum’ library will allow developers to build their own SIWE infrastructure.

New Ethereum Node Crawler

This open-source Ethereum node crawler attempts to track all of the nodes that are live on the Ethereum network.

zkSync Integrates with Chainlink

With this integration, zkSync will give developers access to a high-quality source of market data that reflects full market coverage, is historically reliable during market volatility, and is provably secure against data manipulation attacks like flash loans