Ethereum’s Holesky Testnet Achieves Finality After Two Weeks
Key Updates in Cryptocurrency Development
Summary of major stories:
- Ethereum Holesky Testnet Finalizes: The Holesky testnet achieved finality after a configuration bug was resolved, nearly two weeks post-Pectra upgrade. This delay affects the timeline for the Pectra mainnet launch.
- Starknet Expands to Bitcoin: Starknet is set to integrate with Bitcoin through a partnership with BTC wallet Xverse to enhance DeFi capabilities on Bitcoin by Q2 2025, while maintaining operations on Ethereum.
- Danny Ryan’s Transition: Former Ethereum Foundation researcher Danny Ryan has joined Etherealize to promote Ethereum's integration into Wall Street, citing its technological significance beyond the foundation.
- Sony and LINE Collaboration: Sony's blockchain division will incorporate LINE's mini-apps into its Soneium network, aiming to facilitate Web3 features for LINE's 200 million users.
Additional Developments
- The U.S. House of Representatives voted against an IRS rule requiring information collection from decentralized entities, benefiting the DeFi sector.
- New crypto ETF applications are pending, including for XRP and others, but approval delays are expected until a new SEC chair is confirmed.
- The Office of the Comptroller of the Currency stated that federally regulated banks can engage in various cryptocurrency activities without prior approval.
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