Ethereum News: Pectra Update Faces Challenges During Sepolia Testnet Launch

Ethereum’s highly anticipated Pectra upgrade, set to be one of the blockchain’s most significant updates since ’The Merge’ in 2022, encountered issues during its launch on the Sepolia testnet. Here’s a closer look at what happened and what it means for the future of Ethereum.

Ethereum’s Pectra Update Hits Issues During Sepolia Testnet Launch

Ethereum’s planned Pectra upgrade, the blockchain’s most significant update since 2022’s "The Merge," launched today on the Sepolia testnet. The Ethereum community uses testnets as a dress rehearsal for major technical updates. However, the launch wasn’t without hitches. Ethereum Foundation CORE developer Tim Beiko tweeted that his team was investigating an issue caused by the custom deposit contract on Sepolia, which has caused some EL clients to have issues, including transactions in blocks.

R0AR NFT Community Reaches 4,200 Members

The R0AR NFT collection, part of a broader DeFi project, has seen over 4,200 NFTs minted on OpenSea. The fair mint ensured equal opportunity for all, preventing bots and insiders from unfair acquisition. The team aims to build a decentralized community around its DeFi ecosystem using these NFTs, providing holders with exclusive benefits and opportunities.

Ethereum News: Key EIP Proposals In Fusaka Upgrade

The latest Ethereum news highlights the upcoming Fusaka upgrade, which is anticipated to roll out this year. Marek Moraczyński, the team lead for the Nethermind protocol, revealed some CORE Ethereum Improvement Proposals (EIPs) that will be part of the upgrade, including EIP-7594 (PeerDAS – Peer Data Availability) among others. He urged the team to finalize the scope of the upgrade soon.

Ethereum Price Drops 9%; ETH Holders Shift to INTL Presale

The Ethereum price has dropped to $2,064, a 9.16% decline in the last 24 hours. The market cap of ETH has decreased to $248.94 billion, representing an 8.82% decline, and the Ethereum price trade volume also dropped by 10.47% to $35.1 billion. Despite this, ETH holders are shifting to the INTL presale.