Author: Michael Johnson
At 7:29 UTC today, on epoch 222464, the Pectra network upgrade went live on the Sepolia testnet. Unfortunately, an issue with Sepolia’s permissioned deposit contract prevented many execution layer clients from including transactions in blocks. The root cause was identified within minutes, and client teams immediately began working on a fix. This issue is due to Sepolia’s configuration and could not occur on the Ethereum mainnet. Around 14:00 UTC today, validators deployed a fix that restored the network to normal throughput. All Sepolia node operators must now upgrade their execution layer clients to the versions listed below to maintain network…
The Mekong devnet was meant to be a playground for wallet developers to experiment with UX changes and for stakers to gain confidence in the upcoming Pectra changes. The Pectra network upgrade has been activated on the Ethereum Sepolia and Holesky testnets. These networks can now be used to test the Pectra upgrade features. In light of this, we’d like to announce the deprecation of the Mekong testnet on 7th March, 2025. Application and tooling developers are encouraged to use Sepolia to test applications, smart contracts, and other EVM functionality. Its permissioned validator set provides a stable test environment. Alternatively,…
We’re excited to announce that the next Devconnect will be held in Buenos Aires, Argentina, from November 17th to the 22nd, 2025! This year, we are aiming for something bigger than just Devconnect: We want to support an effort that the local community has already started — bringing Argentina onchain. In Buenos Aires and Argentina, we have a city and country that have been leading adopters of Ethereum for many years. Devconnect Argentina is an opportunity for the whole Ethereum ecosystem to support that steady growth and to accelerate it even further, by helping individual citizens, businesses, institutions and governments…
Bybit CEO has said that 20% of the $1.4B stolen from the exchange is now untraceable. Hackers converted $1B in ETH to BTC via THORChain and spread it. So far, 11 bounty hunters have assisted in freezing $42M of the stolen funds. In a stunning update, Bybit CEO Ben Zhou has revealed that $280 million of the $1.4 billion stolen from the cryptocurrency exchange in the February hack has vanished into untraceable channels. 3.4.25 Executive Summary on Hacked Funds: Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen.…
The crypto market has crashed, losing $1.01 billion in liquidations. Bitcoin (BTC) has plunged below $84k while altcoins like ETH and SOL have slumped 15-20% Bitcoin Pepe’s presale offers a compelling alternative with the price set to rise from $0.0255 to $0.0268 in next presale stage. The crypto market is reeling from a brutal wave of liquidations. Over $1 billion in leveraged positions have vanished in the last 24 hours, according to Coinglass data. The liquidations have hit traders hard across major exchanges. Bitcoin alone accounted for $396.16 million in wiped-out positions. Ethereum saw $209.58 million evaporate, and Solana’s liquidations…
The Ethereum Foundation is thrilled to announce a new leadership structure, welcoming Hsiao-Wei Wang and Tomasz Stańczak as co-Executive Directors effective March 17th. This marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem…. Source link
The security of the Ethereum protocol is continually being improved, and one recent effort is the external security review of the Pectra System Contracts. The results of this review can be found in the audits repository, and the TL;DR is that all discovered issues deemed relevant or important from these reviews have been addressed. Audit Scope and Methodology The Pectra System Contracts encompass several EIPs (EIP-2935, EIP-7002, and EIP-7251), and reviews were primarily done to: Evaluate the contracts for potential attack vectors.Ensure that the contract logic accurately implements the intended functionality as per the EIP specifications. A multi-phase approach was…
Crypto prices traded within a range last week as crypto takes is relegated to the back burner in the wake of economic uncertainties Exchange-traded fund (ETF) inflows were negative as Bitcoin ETFs logged net outflows of $62.9 million while Ethereum ETFs logged $8.9 million in outflows Bitcoin Bitcoin’s price action continued trading rangebound, with weekly highs and lows of $99,509 and $93,331, as uncertainty looms around inflation, US President Donald Trump’s policies, and geopolitical events. Zooming out, we see that price action has ranged at the daily support level for the last three weeks as current market conditions lack sufficient…
My dear Ethereum community, Today, I’m excited to turn the page and share that I will be closing this chapter as Executive Director of the Ethereum Foundation soon and stepping into a new role as its President. This new opportunity will allow me to continue supporting EF’s institutional relationships, and to expand the reach of our vision and culture more broadly. I’m feeling deeply grateful and enthusiastic for what’s ahead, and while I made this decision a year ago, recent events have given me the perfect opportunity to reflect on what truly matters to me. These past few weeks have…
Infini neobank hacked for $49.5M USDC, swapped for 17,696 ETH. The attacker exploited retained admin privileges in Infini’s smart contract. Infini’s founder has promised full compensation, citing negligence in authority transfer. On February 24, 2025, Infini, a Hong Kong-based stablecoin neobank blending cryptocurrency and traditional finance, experienced a devastating security breach, resulting in the loss of approximately $49.5 million in USD Coin (USDC). The exploit, first flagged by blockchain security firm CertiK at 3:18 AM UTC, has sent shockwaves through the decentralized finance (DeFi) community, underscoring persistent vulnerabilities in the crypto space, especially following the recent $1.4 billion Bybit hack…