Author: dfmines

Ethereum core developers have decided to create a third testnet, Hoodi, to better prepare for the Pectra upgrade, which has now been delayed until at least late April after the first two testnets encountered several bugs.The Hoodi testnet will launch on March 17 and the Pectra upgrade for it will be activated on March 26, Ethereum Foundation developer Tim Beiko said following the Ethereum All Core Dev Call on March 13.If Pectra runs smoothly on Hoodi without major issues, core developers could set a mainnet launch date for Pectra as soon as 30 days after Hoodi’s activation, Beiko said.That would mean Pectra could go live on Ethereum mainnet as early as April 25.Tim Beiko’s latest announcement on the Pectra upgrade: Ethereum MagiciansPectra, which combines features from the Prague and Electra proposals, will implement over 10 Ethereum Improvement Proposals mostly aimed at bringing more functionality to Ethereum wallets and improving user experience.It will also include scaling proposals to double the blob count for data availability from three to six.Pectra was initially slated to launch on Ethereum mainnet in late 2024 but has faced repeated delays due to client readiness issues and synchronization bugs in the first two Ethereum testnets, Holesky and Sepolia.Pectra was rolled out on Sepolia on March 5, but soon after, Ethereum developers started seeing error messages on their geth nodes and empty blocks being mined.Galaxy Digital vice president of research Christine Kim said Hoodi would look to “mimic” the Ethereum mainnet as closely as possible by launching a validator set similar to how mainnet currently operates.That would see at least 20 million test staked-Ether (ETH) distributed across 11 client teams and five staking operators.Source: Christine KimBeiko noted that aspects of Pectra may still be tested on Sepolia and Holesky.Related: Ethereum average gas fees drop 95% one year after the Dencun upgradeThe third testnet comes as Ethereum core developers agreed to deploy future Ethereum protocol upgrades at a faster cadence during an “All Core Devs” meeting on Feb. 13.Crypto-focused venture capital firm Paradigm also called on Ethereum core developers to ship faster protocol updates to achieve more milestones on its technical roadmap and maintain its competitive edge as a leading layer 1 blockchain.Magazine: MegaETH launch could save Ethereum… but at what cost

Ethereum core developers have decided to create a third testnet, Hoodi, to better prepare for the Pectra upgrade, which has now been delayed until at least late April after the first two testnets encountered several bugs.The Hoodi testnet will launch on March 17 and the Pectra upgrade for it will be activated on March 26, Ethereum Foundation developer Tim Beiko said following the Ethereum All Core Dev Call on March 13.If Pectra runs smoothly on Hoodi without major issues, core developers could set a mainnet launch date for Pectra as soon as 30 days after Hoodi’s activation, Beiko said.That would mean Pectra could go live on Ethereum mainnet as early as April 25.Tim Beiko’s latest announcement on the Pectra upgrade: Ethereum MagiciansPectra, which combines features from the Prague and Electra proposals, will implement over 10 Ethereum Improvement Proposals mostly aimed at bringing more functionality to Ethereum wallets and improving user experience.It will also include scaling proposals to double the blob count for data availability from three to six.Pectra was initially slated to launch on Ethereum mainnet in late 2024 but has faced repeated delays due to client readiness issues and synchronization bugs in the first two Ethereum testnets, Holesky and Sepolia.Pectra was rolled out on Sepolia on March 5, but soon after, Ethereum developers started seeing error messages on their geth nodes and empty blocks being mined.Galaxy Digital vice president of research Christine Kim said Hoodi would look to “mimic” the Ethereum mainnet as closely as possible by launching a validator set similar to how mainnet currently operates.That would see at least 20 million test staked-Ether (ETH) distributed across 11 client teams and five staking operators.Source: Christine KimBeiko noted that aspects of Pectra may still be tested on Sepolia and Holesky.Related: Ethereum average gas fees drop 95% one year after the Dencun upgradeThe third testnet comes as Ethereum core developers agreed to deploy future Ethereum protocol upgrades at a faster cadence during an “All Core Devs” meeting on Feb. 13.Crypto-focused venture capital firm Paradigm also called on Ethereum core developers to ship faster protocol updates to achieve more milestones on its technical roadmap and maintain its competitive edge as a leading layer 1 blockchain.Magazine: MegaETH launch could save Ethereum… but at what cost

Aave Labs launched the Horizon initiative on Thursday targeting institutional investors with products centered on tokenized real-world assets (RWAs) to bridge decentralized finance (DeFi) and traditional financial systems. Horizon Initiative Launches to Expand DeFi Access for Institutional Investors The initiative aims to integrate institutional capital into DeFi by tokenizing assets such as securities, bonds, and […]

Hyperliquid, the decentralized exchange (DEX) surpassing $1 trillion in lifetime trading volume, will enforce a 20% margin ratio requirement on fund transfers starting March 15 to bolster its risk management framework. Hyperliquid DEX Tightens Margin Rules The update follows a March 12 incident where a trader’s highly leveraged ethereum position triggered a $4 million loss […]

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Cardano’s price action has shown signs of recovery after a recent dip, with the cryptocurrency bouncing from its lower support level. Over the past 24 hours, Cardano has gained close to 1%, reaching an intraday high of $0.7613. This small but notable rebound has drawn the attention of technical analysts, and an interesting analysis shows that the asset has been trading within a well-defined chart pattern for several months. Particularly, technical analysis of the Cardano/USDT daily timeframe chart shows that the cryptocurrency is trading within a triangle and could now be gearing up for a rally to $1.5. Triangle Formation Says Cardano Could Be Set For 100% Move A recent analysis on TradingView highlighted that Cardano has been trading within a triangle pattern on the daily timeframe since November 2024. The pattern is highlighted by a series of lower highs and higher lows, shaping a formation of converging lower and upper trendlines. The latest price decline saw Cardano drop from a high of $1.1747 before finding support at the lower boundary of the triangle at $0.647. Related Reading: Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target Going by the trend of its performance within the triangle within the past six months, the next move after this support is another rally towards the upper trendline. The recent push in the past 24 hours seems to reinforce the formation, as it potentially marks the start of a push toward the upper resistance level.  The key takeaway from this triangle formation is the potential for an explosive move once Cardano retests the upper trendline of this triangle again. According to the analyst, if Cardano’s price breaks above the upper trendline, it could cause a surge toward $1.5, representing a 100% rally from the current price level. Can ADA Hit $1.5? Resistance And Breakout Zone To Watch The triangle’s upper trendline is currently the most critical resistance level for Cardano’s price. Cardano has tested this resistance about three times since November, making any upcoming approach a pivotal moment for its price trajectory. If buyers gain enough momentum and push the price past this barrier, a rapid breakout could follow, potentially sending the asset toward the projected $1.5 target. However, another rejection is still possible here, especially considering the market has transitioned into a bearish sentiment in the past few days. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Market sentiment will significantly influence whether Cardano achieves the projected price target. The crypto market’s overall trend, especially Bitcoin’s movement, will affect how quickly Cardano can reach this level. Particularly, the rate at which Cardano approaches that upper trendline will determine if there’s enough power to break above the upper trendline.  At the time of writing, Cardano is trading at $0.7205, and there’s even a possibility of retesting the support trendline again in the next few hours. Featured image from iStock, chart from Tradingview.com

Circle Internet Group plans to integrate Hashnote’s $1 billion tokenized money market fund under its Bermuda digital asset license, aiming to expand USYC’s utility alongside its USDC stablecoin. Stablecoin Giant Circle Expands License to Cover $1B Tokenized Fund Circle Internet Group, Inc. intends to bring Hashnote’s Tokenized Money Market Fund (TMMF) under its existing Digital […]

Join Thomas Thiery (@soispoke) , Julian Ma (@_julianma) and Pooja Ranjan (@poojaranjan19) as we break down EIP-7805: Fork-choice enforced Inclusion Lists (FOCIL)! Tune in now: https://open.spotify.com/episode/49xfqhNq0PTSZOqocQugoP?si=qoeTEy2RRk-2CaaZXaQ5aw FOCIL implements a robust mechanism to preserve Ethereum’s censorship resistance properties by guaranteeing timely transaction inclusion. Podcast edited by Akash Kshirsagar (@oceansofmilk) #FOCIL #EIP7805 #Podcast #EIP submitted by…
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