Ethereum News: Key Developments Including New Testnet Hoodi and AI Protocol for DeFi

Ethereum continues to be at the forefront of innovation in the cryptocurrency space, with several significant developments recently announced. Here’s a summary of the key news.

Ethereum Launches New Testnet Hoodi

Ethereum developers have launched a new test network called Hoodi, which will be used to carry out the blockchain’s upcoming upgrade. This is part of the ongoing development in the cryptocurrency tech space. Additionally, Microsoft has raised an alarm about malware targeting Coinbase and MetaMask wallets. Halliday has raised $20M for an AI protocol aimed at eliminating the need for writing smart contracts for DeFi. Meanwhile, Sam Altman’s World Network and Razer are collaborating to defeat gaming’s bot problem.

EigenLayer Expands Restaking Links with Mantle and ZKsync

EigenLayer has enhanced integrations with Mantle Network and ZKsync, adopting EigenDA for data availability and incorporating Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge proving. These partnerships expand EigenLayer’s role in Ethereum’s modular security landscape, reinforcing its position as a leading restaking protocol. EigenLayer commands approximately $9.4 billion in total value locked (TVL), over 9 times Symbiotic’s $1 billion. A breakdown of the top AVSs by economic security highlights EigenLayer’s dominance with EigenDA at $8.8 billion and eoracle at $7.9 billion.

Which Crypto Will Boom in 2025 as Regulatory Landscape Becomes More Crypto-Friendly

As the regulatory landscape becomes more crypto-friendly, opportunities in the cryptocurrency market are growing. With the rise of decentralized finance and smart contracts, some coins are poised for significant growth. One notable mention is ETH, with impressive returns seen from staking and using AI Trading Bots.

Ethereum Discontinues Holesky Testnet, Launches Hoodi

Blockchain developers Ethereum (ETH) recently announced plans to discontinue support for the Holesky testnet in September. The decision comes after technical challenges faced during testing of the Pectra upgrade. These issues led to the creation of a new testnet, Hoodi, to ensure testing continues and prepare for the mainnet upgrade. Holesky faced extensive downtime leaks as part of its recovery mechanism following the activation of the Pectra testnet, which revealed issues with clients changing deposit contract configurations.