NiftyNoon: Ethereum Braces for Pectra: Can the Chain’s Biggest Upgrade Ever Save the Coin? ⚡️🛠️🔷
This major Ethereum upgrade, the most significant since the Merge, introduces 11 core protocol improvements aimed at advancing user experience and network efficiency (May 7, 2025)
Nifty Thought:
Ethereum is gearing up for its Pectra upgrade, touted as the most significant code overhaul since the 2022 Merge, set to go live imminently. This major update, a fusion of the Prague (execution layer) and Electra (consensus layer) enhancements, aims to make the Ethereum blockchain more efficient and user-friendly. With 11 Ethereum Improvement Proposals (EIPs), Pectra is designed to refine the staking experience, introduce advanced wallet features, and generally update the blockchain's functionality, sparking considerable anticipation within the Ethereum community despite some initial delays and testnet bugs.
Key enhancements in Pectra include EIP-7702, which will grant smart contract capabilities to regular wallets, paving the way for "account abstraction" and user-friendly features like paying gas fees with tokens other than ETH. Another crucial change, EIP-7251, will significantly improve the staking process by allowing validators to increase their maximum stake from 32 ETH to 2,048 ETH, enabling consolidation and easing operational burdens. These changes, along with others focused on Layer 2 scaling, are expected to boost Ethereum's scalability, improve user experience, and further solidify its position in the smart contract ecosystem, even as developers anxiously monitor the deployment after a challenging path to mainnet.
Highlighted News:
🔷 The biggest Ethereum upgrade since the Merge, Pectra, is coming:
https://x.com/ethereum/status/1919794615827280126
🔵 @CoinbaseDev introduce x402–a new open source payments protocol built on HTTP rails:
https://x.com/CoinbaseDev/status/1919784224170889696
🌈 $DOOD will be launching on Solana soon:
https://x.com/doodles/status/1919848695715049908
📜 New Hampshire becomes the first state to enact Bitcoin Reserve legislation:
https://x.com/Bitcoin_Laws/status/1919797195412267275
Project and Community News:
TLDR cheatsheet on what's changing for ETH following Pectra update: https://x.com/jskuros/status/1919817165068267824
KULR has acquired 42 BTC for ~ 4 million at ~ $94,403 per Bitcoin: https://x.com/michaelmokulr/status/1919769160046850502?s=46
The CFTC has moved to dismiss its appeal against @Kalshi: https://x.com/Kalshi/status/1919779063540936819
$300,000 per bitcoin for end of June expiry is now the second most popular call options, approaching $500M in notional value: https://x.com/btcjvs/status/1919704453134819361?s=46
OKX is now available in the US: https://x.com/okx/status/1919746722734960994?s=46
Punk just got dumped into bids for 4.2 WETH: https://x.com/0xQuit/status/1919834240809894294
A new Snapshot vote is live to airdrop USD1 to all eligible $WLFI holders: https://x.com/worldlibertyfi/status/1919890364741066975?s=46
Strategic Partnership announces between @lista_dao × @worldlibertyfi: https://x.com/lista_dao/status/1919920171126264262?s=46
Meet the newest order type on Coinbase Advanced - TWAP: https://x.com/scottshapiro/status/1919767252783505822?s=46
Now fully integrated on Jupiter - @GoFundMemes (GFM): https://x.com/jupiterexchange/status/1919423644557582686?s=46
Entendre is releasing the first AI agents of its kind for finance and accounting: https://x.com/entendrefinance/status/1919769116409242007?s=46
Bitcoin Core cites "Large-data inscriptions" as one of the primary reasons for removing the OP_RETURN limit marking the first time that Ordinals degens have had a direct impact on a Bitcoin upgrade: https://x.com/ord_io/status/1919849322352460278?s=46
After 2,863 days of work, Tari Mainnet is now LIVE: https://x.com/tari/status/1919641292302147802
Announcing Strike Lending: https://x.com/jackmallers/status/1919774506261909705
boopdotfun kol leaderboard & live launch feed by @0x_ultra: https://x.com/boopdotfun/status/1919889923550691730
@moonpay partnered with @SatGoBTC to make it easy to buy Ordinals, Runes, and Rare Sats with Apple Pay, Venmo, PayPal: https://x.com/moonpay/status/1919743342901870715?s=46
Mint your army of AI Traders on @Base 05/13: https://x.com/DXRGai/status/1919784428521529592
The dump in Memeland assets continues: https://x.com/waleswoosh/status/1919808311076987207
“Tool” by @jackbutcher sells for 6 ETH: https://x.com/mattob_eth/status/1919902638503547229
Quick Stats:
👾 Blur ETH Daily Volume: 909 ETH (▲ 90.60%)
🌊 OpenSea ETH Daily Volume: 964 ETH (▼ 13.37%)
🟠 BTC : $96,923.70 (▲ 3.13%)
🔷 ETH: $1,830.13 (▲ 3.20%)
🟣 Solana: $146.92 (▲ 2.92%)
🟪 Polygon: $0.22 (▲ 1.08%)
Top NFT Sales:
CryptoPunks #7261: 150.00 ETH
CryptoPunks #7746: 77.50 ETH
CryptoPunks #3686: 60.00 ETH
NFT Daily Winners:
🍭 Mocaverse: 1.82 ETH (▲ 8.04%)
🚬 CryptoPunks: 42.98 ETH (▲ 6.92%)
🏴☠ Captainz: 0.56 ETH (▲ 2.73%)
🐧 Pudgy Penguins: 11.70 ETH (▲ 0.17%)
🏳🌈 Chromie Squiggles: 4.46 ETH (► 0.00%)
NFT Daily Losers:
⛩ Azuki: 2.63 ETH (▼ 0.57%)
😡 Mad Lads: 43.97 SOL (▼ 0.70%)
🦧 Bored Ape Yacht Club: 13.68 ETH (▼ 0.91%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 1.40%)
👩🏻 Milady Maker: 2.93 ETH (▼ 3.19%)
👾 Tensorians: 3.50 SOL (▼ 4.47%)
🐱 Quantum Cats: 0.04 BTC (▼ 4.70%)
🧙♂️ Taproot Wizards: 0.174 BTC (▼ 4.90%)
🧦 Bitcoin Puppets: 0.03 BTC (▼ 5.20%)
🐵 NodeMonkes: 0.03 BTC (▼ 7.70%)
Notes:
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