WhiteboardCrypto Newsletter - July 12

Welcome back to this week's edition of our WhiteboardCrypto Newsletter!


Ethereum proposes gas limit overhaul to boost security

Vitalik Buterin and Toni Wahrstätter proposed EIP-7983, adjusting Ethereum’s gas limit cap to 16.77 million. The proposed is meant to make DoS attacks harder and increase block space efficiency.

Learn more here.


Elon Musk forms U.S. political party, warns dollar is doomed

Elon Musk launched a new political platform, the “America Party,” citing ballooning U.S. debt as a primary issue. On the other hand, the Treasury actually just shared it’s first budget surplus since 2001.

Learn more here.


Ethereum Foundation quietly sells 10,000 ETH to Nasdaq firm SharpLink

In a first-of-its-kind OTC deal, the Ethereum Foundation sold $25.7 million in ETH to SharpLink Gaming, a Nasdaq-listed company now adopting ETH as its treasury reserve.

Learn more here.


Attacker returns $40M to GMX after exploit

A major hack of GMX’s v1 contracts ended in a rare white-hat resolution. The attacker, who exploited a reentrancy bug to drain $40 million, opted to return the full sum after GMX offered a 10% bounty. Exploiter ethics? Maybe. Bounty economics? Definitely.

Learn more here.

Thanks for reading and I hope you learned something!

- Theodore