Ethereum News: Developers Struggle to Rescue Holesky Testnet After Chain Split

In a recent turn of events, Ethereum’s largest testnet, Holesky, faced a significant challenge following a chain split during the hard fork for the Pectra upgrade. Developers are now racing against time to save the network from further disruption.

Ethereum Devs Push to Save Holesky Testnet

The hard fork for the Pectra upgrade on Ethereum’s largest testnet, Holesky, resulted in a chain split. With validators scattered and slashing protections preventing an easy fix, the network became non-final. Developers have been working on the issue for a week, planning a coordinated slashing event to purge the invalid chain. However, the validator set remains below the 66% threshold needed for finality, with participation at 53%. Developers estimate finality may not be reached until March 28. The failure has sparked debate among Ethereum’s CORE developers.

World Liberty Financial Bets Big on Crypto with $25M Investment Ahead of Trump Summit

On the eve of the Crypto Summit at the White House scheduled for March 7, 2025, World Liberty Financial, a decentralized finance platform associated with the Trump family, has significantly increased its cryptocurrency holdings. According to recent data and an on-chain analysis, the company has invested 25 million dollars in cryptocurrencies, specifically: 10 million dollars in Ethereum (ETH). The investment was made ahead of the summit to strengthen its crypto portfolio.

Bybit Hack Linked to Compromised Developer Laptop

Safe’s internal investigation revealed that a developer’s compromised laptop led to the Bybit hack. The breach occurred on Feb. 4 through a contaminated Docker project on a macOS workstation, allowing malware injection and unauthorized access by exploiting active AWS tokens. This enabled hackers to modify Bybit’s SAFE multi-signature wallet interface, redirecting $1.5 billion worth of Ethereum (ETH) to a different address, marking the largest hack in history.

Whale Pressure Drops as Ethereum Faces Sharp Decline: Here’s the Impact on ETH Price

Following several announcements regarding tariffs by Donald Trump, the crypto market has faced increased downward volatility. As a result, the price of Ethereum (ETH) dropped below the critical $2,000 mark, leading to a surge in long liquidations. Amid this, various on-chain metrics for Ethereum turned bearish, suggesting a drop in accumulation. However, analysts anticipate a strong rebound in the price of ETH ahead of the upcoming crypto summit. Recent data from Coinglass shows equal trading activity as Ethereum remains under the $2,500 mark. In the past 24 hours, Ethereum faced a total liquidation of approximately $47.87 million.