Have you noticed? Gas has been cheap for the past few weeks, making it the perfect time to transact on Ethereum. And in case you've been following the news, Telegram CEO Pavel Durov has finally spoken out after his arrest in France.

At Etherscan, we added a "Funded By" field to an address page, as well as added decimal points to the gas tracker.

In this issue, we analyse the factors contributing to the low gas prices in recent weeks. Answer the poll to test your knowledge on Low Gas Prices and stand a chance to win $10 in ETH.

Observations on Factors Driving Low Gas Prices

As Ethereum gas prices continues trending downwards, we look at some of the factors contributing to the sustained low gas prices:

• Drop in consistent block space demand post-Dencun
• Transactions increasingly submitted via private channels

FEATURE

Funded By

See the first address & transaction that funded an address with ETH.

FEATURE

Gas Tracker Decimal Points

We've added 3 decimal points for better accuracy with recent low gas prices.

MakerDAO (now Sky) to Halt New Borrowing Against WBTC

This follows BitGo's transfer of WBTC management to a new joint venture with BiT Global. Coinbase teases 'cbBTC' shortly after.

x.com/0xngmi

Permissionless Fraud Proof Disabled on OP Mainnet

Due to security vulnerabilities found in third-party audits, the permissioned fallback mechanism has been activated on OP Mainnet.

x.com/Optimism

Sony is Building Soneium, a Public Ethereum Layer 2

Soneium by Sony Block Solutions Labs is a ZK rollup leveraging the OP stack and Superchain. They've also launched the Minato public testnet.

x.com/soneium

Discussion on Ethereum Foundation's $100M Annual Budget

In response to calls for disclosures around EF's 35k ETH sale, Hudson Jameson and Josh Stark stepped up to provide some clarity.

x.com/AyaMiyagotchi

OpenSea has Received a Wells Notice from the SEC

The SEC views NFTs on OpenSea as securities. OpenSea is pledging $5M to cover legal fees for NFT creators and devs who receive a Wells notice.

x.com/dfinzer

Arbitrum Stylus Now Live on Mainnet

Stylus enables smart contracts in languages that compiles down to WebAssembly (WASM) like Rust, and you can verify them on Arbiscan.

x.com/arbitrum

Programming ZKPs: From Zero to Hero

This post covers writing basic Zero Knowledge Proofs (ZKPs) from scratch, including environment setup, basic circuit creation, and trusted setup.

zkintro.com/articles

North Korean Developers Infiltrating Crypto Projects

ZachXBT exposes DPRK IT workers infiltrating crypto projects with fake identities and their laundering methods, plus hiring indicators to watch for.

x.com/zachxbt

1-Click Clusters

A multichain naming service that lets one name cover all your wallets across multiple chains. Generate fresh addresses for 8+ chain types with 1-click.

x.com/0xfoobar

Transaction: Vitalik Donated 199.9 ETH to Animal Welfare

The donation covered all the animal coins he received over the past year. He prefers that future animal coin holdings be sent directly to charities.

Address: jaredfromsubway.eth's New MEV Bot

The notorious MEV attacker has deployed a new bot with updated strategies, sandwiching even more transactions in between. Read more.

Questions received last month:

How does a similar match Method ID work?
If the unverified function's Method ID matches a known, verified function in another Etherscan-verified contract, the full function signature will be displayed for better readability. Read more.

Can I use Code Reader without an API key?
Yes! We've integrated the Groq AI model into Code Reader, so you can now use the tool without an API key. Just log into your Etherscan account (it's free to create) and select the Groq AI model when using Code Reader.

Confused with some terms in this newsletter?
Remember to check the Etherscan glossary!

View a simplified version of your transactions on Blockscan explorer
Go to blockscan.com and search for your transaction hash. The transaction details page shows only the from and to addresses, transaction fee, and a summary of the actions taken. Simple and useful for daily onchain needs.

Looking for a job in crypto? Check out these roles below:

Crypto Trader/Strategist/Market Maker at JMV Wealth Management

Director of Payments at RockWallet | Remote

Senior Project Manager at RockWallet

Graphic Designer (Part-time) at Virtual Society Foundation | Remote

Social Media Manager at Winnables.com | Remote

POLL

Quiz: Low Gas Prices

Answer this quiz on Low Gas Prices and stand a chance to win $10 in ETH!