Ethereum Activates Major ‘Pectra’ Upgrade

By: coinpaper|2025/05/09 03:15:02
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Ethereum Activates Major ‘Pectra’ Upgrade The Pectra upgrade - the largest upgrade to Ethereum in terms of offerings - activated on the main network at epoch 364,032. Pectra includes a series of enhancements aimed at making Ethereum more user-friendly and efficient. The massive upgrade contains 11 key EIPs. One major update is the addition of smart contract functionality to wallets, making them easier to use and recover. The implementation of the hardfork in the Sepolia (consensus level) and Holesky (execution level) testnet led to failures. In the former case, intrusion by an attacker caused additional difficulties. In Holesky, even after restoring the network's operability, it turned out to be impossible to test the functionality of the upgrade in terms of validator output. The developers decided to create a new long-term testnet to complete the validation of the hardfork. The testnet, called Hoodi, launched on March 17, with the upgrade deployed in the same month. According to a statement from the Ethereum team, the main features introduced in the upgrade are active on the mainnet, including: wallets in the form of smart contracts; doubling the amount of data storage for scaling L2 networks; improving the user interface for validators. Developers will continue to monitor possible issues due to the hardfork activation over the next 24 hours. Ethereum price hits $2000 amid smart money activism Ethereum price indicates the best weekly dynamics among the top 10 cryptocurrencies. The coin's exchange rate grew by 8.5% during the week, exceeding $2000. The Pectra update implemented on May 7 was not a key driver of the price increase, accounts Nansen analyst Nicolai Sondergaard: "This is a long-term process, not an instantaneous driver." The expert noted the accumulation of "smart money" - by institutionalizers like Wintermute. According to Nansen, within a day, the firm stockpiled the second most capitalized cryptocurrency to profit from market making. Lookonchain experts recorded the withdrawal of 41,269 ETH ($75 million) from Binance and Kraken by London-based fund Abraxas Capital. The entry price was $1930.41 per coin. The unrealized profit on the trade reached $354,000. Despite the notable growth, ether is still 59% below its all-time high ($4878) and the ETH/BTC ratio is close to five-year lows. 65.5 million wallets (nearly half of the network) are at a loss, data from IntoTheBlock shows. Ethereum's rally coincided with the overall market upswing, with capitalization reaching $3.2 trillion. ENRICH your inbox with our best stories

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LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange

 Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

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