Ethereum’s Pectra upgrade, crucial for enhancing efficiency and user experience, faced setbacks during its second test on the Sepolia network, leading to errors and empty blocks. Developers identified the issue as a misconfiguration rather than a flaw in Pectra itself, but concerns about adequate testing have prompted calls for a delay in the upgrade’s mainnet launch. A meeting on March 7 will determine the official launch date, amid rising tensions within the Ethereum community due to price fluctuations and competition from other networks.
about Ethereum's Pectra Upgrade Faces Delays After Buggy Test ResultsGalaxy Digital Holdings Ltd
0 in Finance and 0 in Crypto last weekEthereum Pectra Upgrade Faces Setback Due to Sepolia Testnet Issues
Ethereum’s Pectra upgrade faces setbacks on the Sepolia testnet due to issues with a custom deposit contract, affecting execution layer clients and leading to the propagation of empty blocks. This complication raises uncertainty for the anticipated mainnet launch next month, following previous challenges on the Holesky testnet. As the ecosystem expands, ensuring a smooth transition for future upgrades may become increasingly complex.
about Ethereum Pectra Upgrade Faces Setback Due to Sepolia Testnet IssuesEthereum whale sells 40000 ETH after receiving 114500 ETH from Genesis
A whale wallet that received 114,500 ETH worth $358 million from Genesis during its bankruptcy has sold 40,000 ETH for $89 million over two days, marking a significant liquidation after six months of holding. The address, which still retains 100,252 ETH valued at $218 million, sent the sold assets to Galaxy Digital and FalconX, raising questions about its future selling intentions. Meanwhile, Ethereum has rebounded slightly, trading at $2,200 after dipping below $2,000 recently.
about Ethereum whale sells 40000 ETH after receiving 114500 ETH from GenesisCrypto Market Faces Significant Decline Amid Major Token Price Drops
Solana’s price has dropped to $126, its lowest since mid-October, amid concerns over an upcoming unlock of 11.2 million SOL tokens from the FTX bankruptcy estate. The token has fallen 9% in the last 24 hours and 27% over the past week, with fears of increased selling pressure as FTX continues to liquidate assets.The overall crypto market cap has decreased by over 8%, with major tokens like Ethereum and Ripple also experiencing significant declines. Solana’s market cap has fallen to $62 trillion, reflecting a more than 50% drop from its all-time high of $293.31.
about Crypto Market Faces Significant Decline Amid Major Token Price DropsTreasury’s Crypto Counselor Calls for Urgent Stablecoin Legislation and Regulation
Tyler Williams, recently appointed as the crypto counselor to the Treasury, is advocating for clear legal guidelines for stablecoins to enhance industry confidence and ensure consistent regulatory practices across jurisdictions. His efforts align with bipartisan support in Congress, highlighted by the passage of the FIT21 bill and Senator Hagerty’s GENIUS Act, which aims to bring dollar-pegged tokens under Federal Reserve oversight. As the US seeks to regulate its growing crypto sector, Williams emphasizes the need for a unified regulatory framework to maintain competitiveness globally.
about Treasury's Crypto Counselor Calls for Urgent Stablecoin Legislation and RegulationU S Treasury Focuses on Stablecoin Legislation to Support Digital Assets
Tyler Williams, the new crypto counselor for the U.S. Treasury, emphasized the importance of stablecoin legislation as a priority for Congress, advocating for a unified regulatory framework. He expressed optimism about the U.S. leading in digital asset policy, supported by bipartisan efforts in Congress. Rep. Bryan Steil echoed this sentiment, highlighting the need for the U.S. to remain competitive in the global digital asset landscape.
about U S Treasury Focuses on Stablecoin Legislation to Support Digital AssetsSolana Faces Pressure as Price Drops and Market Activity Declines
Solana (SOL) has plummeted 11% to below $140, marking its lowest price since October 2024, with a market cap of $69 billion. The sell-off is exacerbated by large holders reducing their positions and the impending unlocking of 11.2 million SOL tokens linked to FTX’s bankruptcy, raising concerns of further price declines. Analysts warn that waning interest could push SOL down to $100, with current market activity showing a significant drop in active addresses and transaction fees.
about Solana Faces Pressure as Price Drops and Market Activity DeclinesSolana Faces Major Decline as Whales Sell and Activity Drops
Solana faces significant challenges as whale investors offload holdings, leading to a 60% drop in active addresses from 18.5 million to 7.3 million. The price has fallen 15% in 24 hours to $135, with fears of further declines due to an upcoming 11.16 million SOL unlock from FTX’s bankruptcy proceedings. Analysts warn that without a recovery above $150, Solana could see prices plunge toward $100.
about Solana Faces Major Decline as Whales Sell and Activity DropsSolana Faces Major Decline as Whales Sell and Activity Drops Sharply
Solana faces significant challenges as whale investors offload holdings, leading to a 60% drop in active addresses from 18.5 million to 7.3 million. The price has fallen 15% in 24 hours to $135, with fears of further declines due to an upcoming 11.16 million SOL unlock linked to FTX’s bankruptcy. Analysts warn that continued selling pressure could push Solana’s price below critical support levels.
about Solana Faces Major Decline as Whales Sell and Activity Drops SharplyEthereum Pectra Upgrade Launches on Holesky Testnet but Fails to Finalize
Ethereum’s Pectra upgrade launched on the Holesky testnet but failed to finalize as expected, prompting discussions among developers about the underlying issues. This upgrade, which combines 11 major proposals including EIP-7702 for improved wallet usability and EIP-7251 to increase staking limits, is set to be tested next on the Sepolia testnet. Following successful tests, a mainnet activation date will be determined.
about Ethereum Pectra Upgrade Launches on Holesky Testnet but Fails to FinalizeMike Novogratz Opposes Ethereum Fork After Bybit Theft by Lazarus Group
Mike Novogratz, CEO of Galaxy Digital, has urged global authorities to take stronger action against the North Korean hacking group Lazarus, responsible for a $1.4 billion Ethereum theft from Bybit. While praising Bybit’s response, he opposed suggestions to roll back the Ethereum network, arguing that it would set a dangerous precedent and that the industry is now mature enough to handle such threats without drastic measures.
about Mike Novogratz Opposes Ethereum Fork After Bybit Theft by Lazarus GroupSolana Faces Decline Ahead of Major Token Unlock Event
Solana (SOL) is experiencing significant declines, dropping over 9% today amid concerns over an upcoming token unlock of approximately 11.2 million SOL, valued at around $1.75 billion, scheduled for March 1, 2025. This event, linked to FTX bankruptcy auctions, is contributing to market uncertainty and selling pressure.Currently priced at $153, SOL has failed to maintain support at $155, with the next major support level around $126. Technical indicators suggest continued bearish momentum, prompting investors to monitor key support levels and market trends closely.
about Solana Faces Decline Ahead of Major Token Unlock Event