Ethereum News: Pectra Update Faces Hurdles Ahead of Mainnet Deployment

In the ever-evolving landscape of cryptocurrency, Ethereum stands as a technological beacon. However, the journey to deploying its latest Pectra update has encountered significant roadblocks, casting a shadow over its future plans.

Ethereum Pectra Faces Final Test Challenges Before Mainnet Deployment

Ethereum, a technological fortress in the crypto universe, is preparing to deploy its Pectra update but is facing significant challenges. The deployment on Holesky, the testnet, failed due to an insufficient number of validators leading to memory overload. The team is navigating troubled waters with delays, unexpected bugs, and sneaky attacks, threatening to push back the much-awaited deadline.

Warlock Labs Raises $8M to Optimize On-Chain Order Flow

Warlock Labs, a proprietary trading firm, has raised $8 million in venture funding to address a significant issue in the crypto market. Pseudonymous trader Grug, the founder of Warlock Labs, believes that crypto protocols with valuable order Flow are leaving money on the table. The company plans to use on-chain data to prove it is processing order flow responsibly. Warlock Labs aims to enter the complex blockchain pipes that facilitate trading on Ethereum, where savvy operators offer kickbacks to protocols in exchange for the chance to process their order flow, which can be lucrative, generating tens of millions of dollars a year. However, there is no guarantee that these players are giving protocols a fair deal. Warlock Labs aims to change this with its new funding.

Ethereum’s Pectra Upgrade Set for April 30

Ethereum’s highly anticipated Pectra upgrade is tentatively scheduled to go live on the mainnet on April 30. The date was discussed during the All CORE Developers Execution (ACDE) call #208 on March 27, with Tim Beiko of the Ethereum Foundation confirming that the team is aiming for mainnet activation at a specific slot number and time. Beiko noted that infrastructure and application teams would be notified in advance to address any potential concerns. The upgrade coordination will follow a structured process. The timeline is still subject to final approval, with confirmation expected during the next ACDC meeting. The Pectra upgrade merges improvements from two earlier proposals — Prague and Electra.

Ethereum News: Pectra Upgrade Finalizes Hoodi Testnet Paving Way For Mainnet Launch

The Pectra Upgrade has successfully finalized the Hoodi testnet on Ethereum after facing disruptions on Holesky and Sepolina. The launch of Hoodi now paves the way for the Pectra mainnet to debut in April. Analysts and investors anticipate that the potential Pectra mainnet launch will benefit the Ethereum ecosystem and push the ETH price to new highs. Market researcher Christine Kim announced the deployment of Pectra on Hoodi and noted high network participation rates since its launch. The testnet is expected to provide a stable environment for validator-related testing.