GuShiio.com The Ethereum Pectra upgrade was launched on the Holesky test network, but final confirmation was not completed.
Author: Shenchao TechFlow
yesterdaymarket dynamics
Arthur Hayes: Institutionscarry tradeOr cause Bitcoin to fall to $70,000
BitMEX co-founder Arthur Hayes posted on social media that Bitcoin may be about to enter a decline range. Hedge funds that hold large numbers of iShares Bitcoin ETF (IBIT) long ETFs and short CME futures to earn gains higher than their cost of capital and short-term U.S. bonds.
Hayes pointed out that if the basis narrows due to a fall in Bitcoin prices, these funds may sell IBIT during U.S. trading hours and cover their CME futures positions. These funds are currently profitable, and considering that the basis is close to U.S. bond yields, they will close their positions during U.S. trading hours to achieve profits. Bitcoin prices are expected to fall to US$70,000.
Ethereum Pectra upgrade was launched on the Holesky test network, but failed to complete final confirmation
According to CoinDesk, Ethereum’s latest upgrade, Pectra, was activated on the Holesky test network on the evening of February 24, but failed to complete the final confirmation as expected. The upgrade includes 11 important improvement proposals (EIPs), of which the core proposal EIP-7702 aims to improve the user experience of crypto wallets, and EIP-7251 increases the maximum verifier pledge limit from 32 ETH to 2,048 ETH.
Currently, Ethereum developers are investigating the reasons for failing to complete the final confirmation through the Eth R D Discord channel.& The next round of testing was originally scheduled to take place on March 5 at the Sepolia Testnet, but Christine Kim, vice president of Galaxy research, said the development team may delay testing based on the severity of the problem.
It is worth noting that this is not the first time similar problems have occurred in the Ethereum test network. In January 2024, the final confirmation of the Dencun upgrade was also not completed on the Goerli test website. The development team will determine the specific date for the upgrade of the main network after the testing of the two test networks is completed.
Infini contract was hacked and lost approximately $49.5 million
According to CertiK Alert, an unverified smart contract was detected on the Ethereum network (address: 0x9A7… E1DC) Suspicious transfer of funds occurred. Receiver Wallet (Address: 0x3ac… 5ed0) received approximately US$49.5 million in funds and is in the process of converting these funds into DAI stablecoins. Community speculation may involve stablecoin digital bank Infini.
Pump.fun is undergoing internal testing Swap feature, or replace Raydium
According to market news, Pump.fun is internally testing its self-developed AMM (Automated Market Maker) liquidity pool, and the community speculates that it may launch its own Swap platform to replace Raydium.
Bybit CEO: The Ethereum reserve gap has been filled, and new audit certificate will be released soon
Bybit CEO Ben Zhou issued a document stating that Bybit Exchange has fully filled the previous Ethereum reserve gap, and a new Proof of Reserves (POR) audit report will be released soon, which will prove through the Merkel Tree that Bybit has restored full reserves of customer assets at 1:1.
Sky Alliance: Started burning about US$1 million in SKY tokens every day
According to Sky Rune’s post on X, the Sky Smart Burn Engine has just been launched, purchasing and destroying SKY tokens at a rate of approximately 1 million USDS per day.
Georgia proposes a new bill that would allow state finances to invest in Bitcoin indefinitely
According to Cointelegraph, the Georgia Senate has proposed Bill 228 (SB228) to amend the provisions of Chapter 17, Title 50, Title 17, Section 3, of the state code on state depositaries, authorizing the State Depository Board to allow the State Treasury Department to invest in Bitcoin.
The bill requires the state Treasury Department to establish policies and procedures for the receipt, storage and transaction of bitcoins, and stipulates that bitcoins held by state governments must be implemented in accordance with these policies. The bill was co-sponsored by five senators, including Senator Esteves of the 35th District, and is currently awaiting review by the Georgia Legislature.
NASDAQ has provided Canary’s HBAR ETF19b-4 application documents were submitted
According to market news, Nasdaq has submitted 19b-4 application documents for Canary’s HBAR ETF.
Michael Saylor：Strategy increase 20,356 bitcoins, average price of US$97,514
According to Michael Saylor, founder and executive president of Strategy, the company has increased its holdings of 20,356 bitcoins, with a total purchase price of approximately US$1.99 billion, and an average purchase price of US$97,514 per coin.
CZ announces personal investment portfolio: BNB accounts for more than 98%
Binance co-founder Zhao Changpeng showed the distribution of positions in his personal portfolio, with BNB accounting for 98.51%, BTC accounting for 1.32%, and Eurite accounting for 0.17%.
CZ said in X’s reply that he couldn’t remember where Eurite came from and speculated that it might be related to Binance Card.
market dynamics
recommended reading
Don’t wait until it’s stolen: Web3 security guidelines
This article mainly discusses security precautions in the field of Web3, and lists four main hacker attack methods and preventive suggestions, namely: friend impersonation, internal penetration, similar address phishing, and public WiFi risk. In addition, the article also puts forward the zero-trust principle and suggestions to stay away from high-risk areas, and lists recent developments in the Web3 industry and some related data.
From real-time data streams to historical analysis, Solana’s on-chain analysis tools are collected
This article details how to efficiently obtain and analyze Solana blockchain data. It covers multiple solutions such as real-time data flow tools, historical data analysis tools, custom indexers, and block browsers to help developers, analysts and investors Choose the right tool based on your specific needs.
Focus on liquidity: Pundi with token upgrades coming AI Stir up a new pattern of AI Agent competition?
This article details the token upgrade plan and core product matrix of Pundi AI, a decentralized AI project, and discusses the token economic model, liquidity optimization mechanism and future development vision. The article focuses on analyzing the process of upgrading $FX to $PUNDIAI and the investment opportunities it brings. It also introduces Pundi AI’s innovative design in data acquisition, AI Agent issuance and liquidity support.
Dragonfly partners talk about recent hot spots: Bybit’s hacking, presidential encryption, the end of the Meme cycle, and good supervision may bring a turning point in the market
This article provides a detailed analysis of recent hot events in the cryptocurrency industry, including the largest hacking attack in history on Bybit, the Libra token scandal backed by the Argentine president, the controversy over celebrity tokens, the recession trend of the Meme market, and the improvement of the U.S. regulatory environment. These events shed light on the complexity of the crypto industry and its likely future direction.
Pump.fun Make it yourself AMM Pool? The intention to snatch Raydium’s profits is clear
This article mainly discusses that Pump.fun is challenging Raydium’s ecological status through its own AMM pool, trying to transform from a traffic provider to a liquidity controller to control the allocation of transaction fees and build a closed-loop ecosystem. This strategy may have an impact on Raydium’s revenue model and market position, while bringing greater revenue and ecological control to Pump.fun
Hands-on teaching: A quick way to grasp Meteora’s liquidity price range
This article details the liquidity pool mechanism of Meteora, a DeFi project on the Solana chain, especially the operating method of how to ship and attract funds through unilateral pooling, and combines tools and formulas to calculate the price range. At the same time, the article also discusses the functions and shortcomings of some commonly used tools, and how to optimize these tools to better monitor liquidity operations.
Welcome to join the official social community of Shenchao TechFlow
Telegram subscription group: www.gushiio.com/TechFlowDaily
Official Twitter account: www.gushiio.com/TechFlowPost
Twitter英文账号：https://www.gushiio.com/DeFlow_Intern
