Ethereum News: Pectra Upgrade Successfully Deployed on Sepolia Test Network

Ethereum is gearing up for one of its most anticipated upgrades to date, as the Pectra upgrade has successfully completed its deployment on the Sepolia test network. This significant milestone brings the Ethereum community one step closer to integrating Pectra on the mainnet, potentially revolutionizing the network’s efficiency and functionality.

Successful Pectra Test: Is Ethereum Ready for Its Biggest Upgrade Yet?

On March 5, 2025, Ethereum’s long-awaited upgrade called “Pectra” successfully deployed on the Sepolia test network. This brings the Ethereum community closer to integrating Pectra on the mainnet. Pectra encompasses 11 Ethereum Improvement Proposals (EIP) aimed at optimizing various aspects of the network, including staking, wallet functionality, and overall network efficiency. EIP-7251 increases the staking limit for validators from 32 to 2,048 ETH, while EIP-7702 introduces smart contract capabilities for wallets.

Zircuit Launches Garfield Testnet with Cancun and Pectra Opcodes, Enhanced Prover

Zircuit has rolled out Garfield, its latest testnet, launching in February 2025. This upgrade introduces full support for all Cancun opcodes, prepares for the Pectra upgrade, and offers a high-performance prover. Garfield serves as a crucial testing ground for Pectra-related updates set for Zircuit mainnet integration in March 2025. Key improvements include full Cancun opcode support, Pectra compatibility, and an enhanced prover capable of proving all blocks more efficiently.

Phishing Losses Drop 48% in February as Crypto Users Grow Vigilant

Phishing-related crypto losses fell for the third consecutive month in February, with 7,442 victims losing $5.32 million. According to data from Scam Sniffer, this represents a significant 48% decline from January’s $10.25 million and December 2024’s $23.58 million. The downward trend suggests that crypto users are becoming more security-conscious and taking proactive steps to safeguard their funds. Fewer incidents indicate a growing awareness of common scams and improved security practices across the industry. The most significant attack in February involved address poisoning on the Ethereum network.

Ethereum Price Prediction and Market Sentiment

Ethereum analysts are confident that ETH is set for another big breakout, despite uncertainty about the speed of breaking through resistance levels. The token is currently priced at $2,149.93 after a 1.32% increase in the last 24 hours, with a trading volume of $34 billion, up 7.41%. Meanwhile, new coins like Remittix (RTX) have attracted investor attention due to their payment-oriented use case, offering an alternative to speculative trading.