5 March 2025
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Ethereum’s Second Buggy Test for Pectra Upgrade Could Delay Mainnet Launch
Key Developments in Cryptocurrency
- Pectra Upgrade Delays: Ethereum's second test of the Pectra upgrade on the Sepolia testnet encountered errors, raising concerns about its launch. Initial success was followed by issues that led developers to suggest a delay.
- Leadership Changes at Ethereum Foundation: The Ethereum Foundation appointed Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors after Aya Miyaguchi's transition to president amid community debates over the Foundation's role.
- BOB Layer-2 Integration: The Bitcoin-focused layer-2 network BOB integrated with Fireblocks, allowing over 2,000 users access to its DeFi ecosystem, facilitating yield on BTC holdings.
- MetaMask Roadmap Update: MetaMask announced a new roadmap aimed at enhancing user experience, including transitioning to smart contract capabilities to improve security and ease of use.
Additional News
- Jump Trading is restructuring its U.S. crypto operations amidst increasing global trading volume.
- David Sacks divested from Bitwise before regulatory changes, indicating potential conflicts of interest.
- Executives from various crypto firms, including Coinbase, will attend President Trump's first White House crypto summit.
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