Ethereum Activates ‘Pectra’ Network Upgrade: Here’s What You Need to Know
$ETH Ethereum has officially rolled out its highly anticipated “Pectra” upgrade, marking a major milestone for the world’s second-largest blockchain. The update went live on May 7, 2025, at the start of epoch 364032, around 10:00 a.m. UTC, and brings transformative changes to the network from smart accounts to enhanced scalability and validator flexibility.
This upgrade incorporates three core Ethereum Improvement Proposals (EIPs): EIP-7702, EIP-7251, and EIP-7691 each addressing a different aspect of Ethereum's growth and user functionality.
Smart Accounts Arrive with EIP-7702
Arguably the most revolutionary feature of the upgrade is EIP-7702, which allows externally owned accounts (EOAs) the standard type of Ethereum wallet to temporarily act like smart contracts. This change enables wallets to sponsor gas fees or use non-Ether tokens to pay transaction costs, offering more flexibility and potentially broader adoption.
Bigger Stakes with EIP-7251
Next up, EIP-7251 addresses a long-standing limitation for validators. It raises the maximum staking limit per validator from 32 ETH to 2,048 ETH, making it much easier for large-scale stakers to manage their operations without having to run multiple validator instances. This change improves efficiency and could incentivize further institutional involvement.
Scalability Boost from EIP-7691
Finally, EIP-7691 enhances Ethereum’s layer-2 scalability. By increasing the number of data blobs per block, this proposal allows more rollup data to be included, which in turn lowers transaction fees and enhances throughput across the ecosystem. This is particularly impactful for dApps and users relying on layer-2 solutions for cheaper and faster transactions.
Community Reaction and Developer Optimism
Ethereum co-founder Vitalik Buterin and several core developers have praised the upgrade as a critical step toward Ethereum’s long-term vision. Sergej Kunz, co-founder of DEX aggregator 1inch, called Pectra a leap forward, saying it "introduces smart account functionality at deeper protocol levels and improves Ethereum’s scalability."
What’s Next?
The Pectra upgrade sets the stage for more innovation within the Ethereum ecosystem. By improving user experience, validator participation, and network efficiency, Ethereum continues to evolve in response to growing demand and competitive pressures from alternative smart contract platforms.
Whether you're an investor, developer, or everyday user, Pectra represents a powerful step toward a more scalable, user-friendly, and robust Ethereum.
U.S. Senate set to vote on crucial stablecoin bill tomorrow
The United States Senate is set to start voting on a crypto bill tomorrow as it needs bipartisan backing to advance. The GENIUS Act, led by Senator Bill Hagerty, would require all stablecoins to be backed by U.S. dollars and also short-term Treasuries.
Cloture was filed by Senate Majority Leader John Thune on Tuesday evening, allowing the bill to advance toward a procedural stage requiring the backing of the Senate. The U.S. Senate is set to begin voting on the stablecoin bill on Thursday amid increasing divisions within the GOP and resistance from Democrats.
The crypto bill would need all stablecoins to be fully backed by short-term Treasuries and the U.S. dollar.
The crypto bill, backed by Senator Bill Hagerty, would need stablecoins to be fully backed by short-term Treasuries and the U.S. dollar. On Tuesday evening, John Thune, Senate Majority Leader, filed cloture on the bill, advancing it for a procedural voting process requiring bipartisan support.
Republican supporters of the crypto bill were allegedly seeking to address issues within their party while also attempting to get support from some influential Democrats. Some of the Democratic Senators publicly opposed the recent version of the crypto bill on Saturday.
The crypto bill would need 60 votes to advance, meaning it will take the 53 Republicans and a group of Democrats to move the bill forward.
Nine Democrats, including Ruben Gallego, Mark Warner, Raphael Warnock, Catherine Cortez Masto, and Andy Kim, have agreed to sign opposition to the current version of the stablecoin bill.
The opposing Democrat Senators called for stricter regulations on foreign stablecoin issuers. The nine senators also called for improved anti-money laundering regulations. Senator Richard Blumenthal also sent an inquiry to a firm linked to U.S. President Donald Trump, named World Liberty Financial . The senator sent the inquiry in a bid to investigate conflicts of interest.
Senator Kevin Cramer said it sounded like they were getting close to regaining the momentum. Senator Cynthia Lummis, a top crypto advocate who has co-sponsored the bill, revealed Republicans would be meeting with influential Democratic holdouts soon.
The Wyoming Republican had a meeting with Senate Minority Leader Chuck Schumer, who directed Democrats not to commit to backing the stablecoin bill to force changes. Lummis said Schumer wanted to get something done and that they would continue to work on it.
A number of Republicans have also shared their concerns regarding the latest version of the stablecoin act. Sen. Rand Paul, a Republican, said he was not going to back the bill, claiming that the regulation was unnecessary and could end up harming the crypto industry after some years.
Senator Josh Hawley, yet another Republican, said he was not a big fan of big firms offering their own stablecoin, which would be established under the new bill. Opponents of the stablecoin bill have argued that the bill would enable giant tech and commercial companies to venture into financial services.
John Kennedy, a Republican Senator, voted for the act when it passed the Senate Banking Committee a month ago. Kennedy recently said he would not commit to backing the bill on the floor until he saw what the final text looked like. He said the bill had changed a lot, and they were still making deals all over and in almost half of Georgia. The senator declared that he would not back it until he understood what those deals were and how the crypto bill had changed.
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$OBOL/USDT Trade Signal Analysis: Is This the Perfect Rebound Entry After a Massive Pump?
The cryptocurrency market never fails to surprise traders with unexpected and explosive moves—and Obol Network ($OBOL) has just proven that again. With an astonishing 1,355.55% increase in price within 24 hours, $OBOL has captured the attention of both day traders and long-term investors. Let’s break down this unexpected surge and explore whether the current chart is signaling another potential entry opportunity.
Price Action Overview
At the time of analysis, $OBOL is trading at $0.29111, significantly up from its 24-hour low of $0.02000, and slightly off its 24-hour high of $0.52632. This extreme volatility showcases massive interest and trading volume, with 26.85 million OBOL tokens exchanged in the last 24 hours, leading to a USDT turnover of $9.34 million.
Such a drastic price movement often leads to a strong pullback, as early traders take profits. However, sharp pullbacks also bring along high-probability entry setups for the next move—and that’s exactly what the chart is hinting at.
Technical Chart Analysis – 1-Minute Timeframe
While many traders ignore the 1-minute chart, it's an essential tool for timing entries during high-volatility phases. The recent chart movement shows:
A sharp drop from $0.31812 to $0.28700, forming a potential short-term bottom.
A mild bounce from this support level, pushing the price back up to $0.29111, right near the MA(10) and slightly below the MA(20).
Moving Averages:
MA(5): $0.28989
MA(10): $0.29102
MA(20): $0.29848
The price is currently sandwiched between these moving averages. If $OBOL manages to break and hold above the MA(20), it could signal a bullish short-term trend reversal, particularly if the price continues to find support above the 5 and 10-period moving averages.
Support and Resistance Levels
Immediate Support: $0.28700 – This level has already shown signs of strong buying interest, as price quickly bounced back after hitting it.
First Resistance: $0.29800 – Just below the MA(20), a critical area to monitor for breakout confirmation.
Secondary Resistance: $0.30800 – Previous minor high during the recent pullback.
Major Resistance: $0.52632 – The 24-hour high and psychological resistance if $OBOL attempts another breakout rally.
Trade Setup
Given the strong rebound potential and active volume, here’s a high-probability short-term trade idea:
Entry Zone: $0.290–$0.292
Stop Loss: $0.284 (just below the recent low)
Take Profit 1: $0.308 (minor resistance zone)
Take Profit 2: $0.326 (if momentum continues)
Extended Target: $0.520+ (only if heavy volume supports a full continuation rally)
This setup offers a favorable risk-reward ratio with tight stop-loss and clear upside levels.
Volume and Market Sentiment
The high trading volume and turnover indicate strong trader participation. Momentum indicators are not shown in the chart, but price action and volume behavior suggest continued interest. If the price consolidates above $0.290 with increasing volume, the odds of a breakout above $0.298 become much higher.
Additionally, the announcement that Obol Network is being listed on Bitget Launchpad adds a layer of fundamental excitement, which could act as a catalyst for further upside.
Final Thoughts: Opportunity or Trap?
$OBOL is currently in a retest phase after a parabolic move. Such phases are typically either the end of a rally or the beginning of another explosive leg. Based on the current chart setup, tight consolidation near the moving averages, and strong support at $0.28700, there’s a good chance of an upward breakout if bulls step in.
However, traders should stay cautious and use tight risk management due to the highly volatile nature of newly pumped tokens.
If you're looking for a high-risk, high-reward trade with strong technical support, $OBOL is flashing a potential bullish rebound signal. Keep your eyes on the $0.298 breakout level and prepare for volatility.
Always trade with discipline. Set stop losses and manage your exposure wisely.
Elon Musk, Larry Fink, and Mark Zuckerberg to Attend Saudi Forum: Last Chance for Crypto Investors?
The world’s most influential business figures—Elon Musk (Tesla, X), Larry Fink (BlackRock), and Mark Zuckerberg (Meta)—are confirmed to attend the Saudi-U.S. Investment Forum in Riyadh on May 13–14, 2025. This gathering, dubbed “MAGA in the Desert,” is more than just a political sideshow—it’s a multi-billion-dollar opportunity zone where AI, defense, healthcare, and technology will converge.
What’s being overlooked by many? Crypto is silently woven into all of it.
While the headlines focus on defense and tech, this summit could indirectly spark the next wave of institutional crypto adoption . Here’s why:
With over $600 billion in investment deals expected, this is more than photo ops—this is capital being deployed, and crypto could very well be on the receiving end.
Current Price: $95,000 Short-Term Outlook: A breakout above $98K would put $105K in sight. If Saudi-U.S. investment narratives include digital assets, BTC could surge. Opportunity: This may be the last dip before another institutional wave hits.
Current Price: $1,780 Short-Term Outlook: ETH gas fees are down, staking is up, and its L2 ecosystem is thriving. If Mark Zuckerberg references metaverse progress, ETH will ride the sentiment wave. Opportunity: Accumulate before tech narratives return to mainstream media.
Current Price: $0.16 Short-Term Outlook: Elon Musk’s attendance alone is enough to move DOGE markets. A tweet, a mention, or even a joke can send DOGE flying. Opportunity: High-risk, high-reward play as hype intensifies.
Through various ETFs and blockchain partnerships, BlackRock has exposure to Bitcoin and Ethereum and may explore others like Polygon or Solana . The event may ignite new ETF filings or blockchain infrastructure partnerships with the Gulf states.
Historically, institutional events like this have preceded major crypto rallies. Combine this with the Bitcoin halving approaching in 2026, and you get a narrative of long-term bullish pressure.
This summit in Riyadh may act as a launchpad—not just for oil-to-tech transformation in Saudi Arabia, but for a new era of crypto legitimacy across Middle Eastern capital .
With names like Sam Altman (OpenAI) , Alex Karp (Palantir), and Donald Trump also expected to participate, the forum becomes a melting pot of Web3 , AI, finance, and geopolitics. If you’re still on the sidelines, this might be your last chance to get in before announcements, partnerships, or FOMO sends the market surging again.
The world’s most influential business figures—Elon Musk (Tesla, X), Larry Fink (BlackRock), and Mark Zuckerberg (Meta)—are confirmed to attend the Saudi-U.S. Investment Forum in Riyadh on May 13–14, 2025. This gathering, dubbed “MAGA in the Desert,” is more than just a political sideshow—it’s a multi-billion-dollar opportunity zone where AI, defense, healthcare, and technology will converge.
What’s being overlooked by many? Crypto is silently woven into all of it.
While the headlines focus on defense and tech, this summit could indirectly spark the next wave of institutional crypto adoption . Here’s why:
With over $600 billion in investment deals expected, this is more than photo ops—this is capital being deployed, and crypto could very well be on the receiving end.
Current Price: $95,000 Short-Term Outlook: A breakout above $98K would put $105K in sight. If Saudi-U.S. investment narratives include digital assets, BTC could surge. Opportunity: This may be the last dip before another institutional wave hits.
Current Price: $1,780 Short-Term Outlook: ETH gas fees are down, staking is up, and its L2 ecosystem is thriving. If Mark Zuckerberg references metaverse progress, ETH will ride the sentiment wave. Opportunity: Accumulate before tech narratives return to mainstream media.
Current Price: $0.16 Short-Term Outlook: Elon Musk’s attendance alone is enough to move DOGE markets. A tweet, a mention, or even a joke can send DOGE flying. Opportunity: High-risk, high-reward play as hype intensifies.
Through various ETFs and blockchain partnerships, BlackRock has exposure to Bitcoin and Ethereum and may explore others like Polygon or Solana . The event may ignite new ETF filings or blockchain infrastructure partnerships with the Gulf states.
Historically, institutional events like this have preceded major crypto rallies. Combine this with the Bitcoin halving approaching in 2026, and you get a narrative of long-term bullish pressure.
This summit in Riyadh may act as a launchpad—not just for oil-to-tech transformation in Saudi Arabia, but for a new era of crypto legitimacy across Middle Eastern capital .
With names like Sam Altman (OpenAI) , Alex Karp (Palantir), and Donald Trump also expected to participate, the forum becomes a melting pot of Web3 , AI, finance, and geopolitics. If you’re still on the sidelines, this might be your last chance to get in before announcements, partnerships, or FOMO sends the market surging again.
Achain البيانات الاجتماعية
في آخر 24 ساعة، درجة المعنويات على منصات التواصل الاجتماعي لعملة Achain بلغت 3، وكانت المعنويات على منصات التواصل الاجتماعي تجاه توجه سعر عملة Achain صعودية. كانت النتيجة الإجمالية لعملة Achain على وسائل التواصل الاجتماعي 0، وجاءت في المرتبة 846 بين جميع العملات المشفرة.
وفقًا لموقع LunarCrush، في آخر 24 ساعة، بلغ إجمالي إشارات العملات المشفرة على منصات التواصل الاجتماعي 1,058,120 مرة (مرات)، مع ذكر Achain بنسبة تكرار %0 ، فجاءت في المرتبة 1081 بين جميع العملات المشفرة.
في آخر 24 ساعة، إجمالي عدد المستخدمين الفريدين الذين ناقشوا عملة Achain بلغ 13، وبلغ إجمالي عدد إشارات عملة Achain 1. ومع ذلك، وبالمقارنة مع الـ 24 ساعة السابقة، بلغ عدد المستخدمين الفريدين تقليل بنسبة %0 ، والعدد الإجمالي للإشارات تقليل بنسبة %0 .
وعلى تويتر، بلغ إجمالي التغريدات 0 التي تشير إلى عملة Achain خلال آخر 24 ساعة. من بينها، %0 صعودية لعملة Achain، و هبوطية لعملة Achain، و%100 محايدة لعملة Achain.
إنّ عدد المنشورات على موقع Reddit بلغ 0 والتي تُشير إلى Achain خلال الـ 24 ساعة الماضية. وبالمقارنة مع الـ 24 ساعة الماضية، فإن عدد الإشارات تغيّر تقليل بنسبة %0 .
نظرة عامة على جميع مواقع التواصل الاجتماعي
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