Ethereum News: Pectra Upgrade Delayed Due to Testing Issues

Ethereum’s highly anticipated Pectra upgrade has hit a snag, with network contributors deciding to postpone its launch following multiple testing issues on the testnet. Here’s what you need to know.

Ethereum’s Pectra Upgrade Delayed Following Testing Hitches

Ethereum network contributors decided to postpone the launch of Pectra, its latest major upgrade, after multiple issues arose on testnet deployments. Pectra, which will be the network’s largest upgrade since the 2022 move to proof-of-stake, will now continue testing on a “shadow fork” of the Holesky testnet. The upgrade previously experienced finality issues when deployed to Holesky, which will need a few more weeks to reach finality and become usable again. The shadow fork is designed to operate as a stopgap duplicate network, allowing tests of Pectra to continue.

Ethereum Staking Reaches New High: 1.95M ETH Locked

Ethereum (ETH) staking has surpassed 1.95 million ETH, marking an all-time high and representing 28.5% of Ethereum’s circulating supply. This surge reflects a strong shift in investor confidence and a growing belief in Ethereum’s long-term potential. As Ethereum evolves toward Ethereum 2.0 and proof-of-stake (PoS), the increase in staked ETH has significant implications for the network’s liquidity, price movements, and market dynamics.

Vlad Martynov Discusses Ethereum Ecosystem and Venture Capital in Crypto

Vlad Martynov, co-founder of BR Capital and blockchain entrepreneur, joins the crypto.news show to discuss his role within the Ethereum ecosystem, the future of venture capital in crypto, and issues with the current tokenomics system. He also expands on his role within the Zuzalu community and talks about new regulatory climates globally. In a separate segment, Martynov conducts an exclusive one-on-one interview with Ethereum co-founder Vitalik Buterin.

ETH Whales Hit Bear Market Losses: Ethereum Price Pump Incoming?

Ethereum (ETH) whales are experiencing unrealized profit ratios comparable to previous bear market levels, raising concerns about market conditions. Despite Ethereum’s price being nearly twice as high as during the last bear market, large holders between 1,000 and 10,000 ETH now show a negative unrealized profit ratio. ETH/BTC continues to decline, and the market remains cautious due to fear, uncertainty, and doubt (FUD). However, on-chain data indicates that Ethereum may be in an undervalued zone, presenting opportunities for long-term investors.