Ethereum News: Holesky Testnet to Be Discontinued in September, Hoodi Takes the Reigns

Ethereum is making significant changes to its testing infrastructure, as the largest test network, Holesky, is set to be discontinued. Here’s what you need to know.

Ethereum to Sunset ‘Holesky’ Testnet in September

Ethereum is set to discontinue its largest test network, Holesky, after encountering challenges testing the forthcoming Pectra upgrade. The Ethereum Foundation (EF) announced that the network will begin winding down, with a full shutdown anticipated on Sept. 30. The Hoodi test network, deployed on Monday, will serve as Holesky’s replacement. Holesky fell offline due to February’s faulty test of Ethereum’s upcoming Pectra update and suffered from residual damage after recovery, leading to its deprecation.

The Evolution of Vatan Coin: A Game-Changer in the Crypto Market

Vatan Coin is emerging as a revolutionary digital asset in the cryptocurrency space. Since its debut two weeks ago, it has gained momentum, attracting blockchain enthusiasts, investors, and financial experts worldwide. As a decentralized ERC-20 token on the Ethereum network, Vatan Coin offers transparency, security, and efficiency. In a matter of days, the token witnessed rapid adoption, with a growing market cap and rising liquidity. Investor confidence is fueled by its robust tokenomics and potential in the blockchain ecosystem.

ETH Reclaims $2K Price Level Aided By Whale Demand Surge

ETH price has been fluctuating but has finally picked up, recovering above $2,000 due to a surge in demand this week. The dip below $2,000 highlighted declining market sentiment, exacerbated by weak demand. At press time, ETH was trading at $2,021 after a 4.54% increase in the last 24 hours. The MACD indicator showed a surge of bullish volumes since Monday, with the MACD line crossing above the signal line. On-chain data suggests that ETH whales are contributing to the latest bullish momentum.

Ethereum Price Soars Ahead of FOMC Meeting

Crypto prices are surging ahead of Wednesday’s FOMC meeting, with Ethereum reclaiming the $2000 level and trading at $2030. The ETH ecosystem is also showing bullish strength, with Lido DAO (LDO), Ethereum Name Service (ENS), and Pepe (PEPE) up by double digits. Opinions are divided over the reasons for the surge, with some traders fearing manipulation. The Federal Reserve is expected to keep its target rate unchanged at 4.25% - 4.50%.