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On May 07, 2025, 17:53 PM(UTC). According to Binance Market Data, Ethereum has dropped below 1,800 USDT and is now trading at 1,791.689941 USDT, with a narrowed narrowed 1.42% increase in 24 hours.

According to Odaily, former Immunefi smart contract and security engineer Vladimir has highlighted potential security risks associated with Ethereum's Pectra upgrade. He noted on the X platform that users can now fully withdraw funds by signing a single message. Vladimir emphasized the importance of exercising caution when signing transactions to prevent unauthorized access or potential losses.

According to BlockBeats, data from Etherscan indicates that the gas fees on the Ethereum network have increased to 13.5 Gwei. This rise in transaction costs reflects ongoing fluctuations in network activity and demand.

According to Foresight News, Ethereum core developer Tim Beiko announced that the Pectra update has been successfully launched and completed. Testing for newly activated Ethereum Improvement Proposals (EIPs) is still in progress.

According to BlockBeats, the Ethereum Pectra upgrade is scheduled to occur on May 7 at 3:05 AM Pacific Time (UTC+8 18:05). This significant hard fork follows the 2022 Merge and the 2024 Dencun upgrade, aiming to improve scalability, security, efficiency, and user experience. The upgrade integrates enhancements to both the execution layer, known as Prague, and the consensus layer, referred to as Electra. Key objectives include simplifying wallet operations through account abstraction, reducing transaction complexity, optimizing validator mechanisms to increase staking flexibility, and decreasing network load. Additionally, the upgrade seeks to enhance Layer 2 scalability by increasing blob capacity and lowering transaction costs. Security improvements are also a focus, with the introduction of new cryptographic tools and communication frameworks.

According to Odaily, Ethereum co-founder Vitalik Buterin recently emphasized the platform's shift towards a more streamlined and robust design, drawing inspiration from Bitcoin's minimalist approach to core protocol design. He advocates for simplifying the consensus layer's key code and enhancing Layer 2 scalability through advanced zero-knowledge proof (ZK) and Optimistic Rollup technologies. The upcoming Pectra upgrade, set to launch on May 7, integrates the 'Prague' and 'Electra' upgrade plans, encompassing 11 Ethereum Improvement Proposals (EIPs) aimed at boosting network scalability, security, and user experience. Key enhancements include the introduction of account abstraction (EIP-7702), increasing the validator cap (EIP-7251), and doubling data block (Blob) throughput (EIP-7691) to reduce Layer 2 transaction costs. Despite encountering some issues during early testnet phases, Pectra is regarded as a significant milestone in Ethereum's development journey.

On May 06, 2025, 22:30 PM(UTC). According to Binance Market Data, Ethereum has crossed the 1,800 USDT benchmark and is now trading at 1,802.569946 USDT, with a narrowed narrowed 1.20% decrease in 24 hours.

According to Foresight News, Ethereum co-founder Vitalik Buterin has outlined a three-stage security framework for Ethereum Rollups. In his recent publication, Buterin described the stages as follows: Stage 0 involves a security council with the authority to completely override the proof system, resulting in centralized control. Stage 1 requires the agreement of six out of eight members to intervene, with external member thresholds limiting intervention. Stage 2 allows intervention only in the event of verifiable errors, without arbitrary decision-making. Buterin recommends a gradual transition from Stage 0 to Stage 2 as trust in the proof system increases. He emphasizes that Stage 0 offers the lowest security and should not be maintained for extended periods. Rollups should ideally start at Stage 1, with a focus on auditing and enhancing the maturity of the proof system.

According to Foresight News, data from SoSoValue indicates that on May 5, Eastern Time, nine Ethereum spot ETFs experienced no net inflows or outflows, maintaining a zero-change status throughout the day. As of the latest report, the total net asset value of Ethereum spot ETFs stands at $6.308 billion. The net asset ratio, which compares the market value to Ethereum's total market capitalization, is at 2.89%. Historically, the cumulative net inflow has reached $2.508 billion.

On May 06, 2025, 02:20 AM(UTC). According to Binance Market Data, Ethereum has dropped below 1,800 USDT and is now trading at 1,796.51001 USDT, with a narrowed narrowed 0.00% increase in 24 hours.

According to Binance Market Data, Ethereum (ETH) dropped below 1,800 USDT and is now trading at 1,799.959961 USDT, with a 1.75% decrease in 24 hours.

According to PANews, the Bollinger Bands indicator for the ETH/BTC exchange rate has narrowed to its tightest level since June 2020, suggesting potential market volatility. This technical signal emerges just before Ethereum's Pectra upgrade, scheduled for May 7, which aims to enhance network scalability and validator efficiency. The upgrade will increase the maximum staking limit for individual validators from 32 ETH to 2048 ETH and expand the number of 'blob' data units per block from 3 to a maximum of 9. Additionally, Pectra will introduce the EVM Object Format (EOF) to optimize smart contract structures. Analytics firm Nansen highlights that the Pectra upgrade will significantly benefit Layer 2 networks by expanding blob capacity, reinforcing Ethereum's role as a data availability layer, and strengthening its Rollup-centric scaling strategy. Sectors such as DeFi, NFTs, and blockchain gaming are also expected to gain advantages from this upgrade.

According to Odaily, Ethereum co-founder Vitalik Buterin recently addressed community member Daniel Wang's suggestion of naming the L2 network's Stage 2 phase as #BattleTested. Buterin emphasized on the X platform that the second phase is not the sole factor affecting security; the quality of the underlying proof system is equally crucial. He presented a simplified mathematical model to illustrate when to transition to the second phase, considering factors like the independent 'break' chance of each security council member and the likelihood of both operational and security failures. Buterin explained that the security council's configuration changes from 4/7 in Stage 0 to 6/8 in Stage 1, noting that these assumptions are imperfect. He highlighted the potential for 'common mode failures' among council members, such as collusion or similar hacking methods, which make both Stage 0 and Stage 1 less secure than the model suggests. Therefore, transitioning to Stage 2 earlier than the model indicates is optimal. Additionally, Buterin pointed out that transforming the proof system into multiple independent systems with multi-signature capabilities can significantly reduce the probability of proof system failure. He suspects that all Stage 2 deployments in the coming years will adopt this approach. He also mentioned the importance of proof system audits and maturity metrics, ideally focusing on proof system implementations rather than the entire rollup, to facilitate reuse. Buterin concluded by suggesting that @l2beat should ideally showcase these metrics to provide a clearer understanding of the proof system's robustness and maturity.

According to Binance Market Data, Ethereum (ETH) dropped below 1,800 USDT and is now trading at 1,797.329956 USDT, with a 2.31% decrease in 24 hours.

According to BlockBeats, data from Coinglass reveals that since 2016, Ethereum has experienced varied performance in May, with six instances of gains and three of losses. The most significant increase occurred in May 2017, with a monthly rise of 161.43%, while the largest decline was in May 2022, with a drop of 28.85%. From 2016 to the present, the average return rate for Ethereum in May stands at 27.39%, with a median of 7.09%.

According to BlockBeats, data from Ultrasound.money reveals that Ethereum's net supply increased by 17,575 ETH over the past week. During this period, the total supply rose by approximately 18,200 ETH, while 625 ETH were removed through the burn mechanism. The total supply of Ethereum has reached 120,734,538 ETH, with a current annual growth rate of 0.76%.

According to Cointelegraph, Ethereum co-founder Vitalik Buterin has advocated for simplifying Ethereum's base protocol to enhance the network's efficiency, security, and accessibility, drawing inspiration from Bitcoin's minimalist design. In a blog post titled “Simplifying the L1,” published on May 3, Buterin outlined a vision to restructure Ethereum's architecture across consensus, execution, and shared components. He emphasized that simplicity is crucial for Ethereum's resilience and long-term scalability, suggesting that the network could become as straightforward as Bitcoin within five years. Recent upgrades, such as proof-of-stake (PoS) and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK) integration, have strengthened Ethereum. However, Buterin noted that technical complexity has resulted in bloated development cycles, increased costs, and heightened risks of bugs. He acknowledged that Ethereum's historical approach, sometimes influenced by his own decisions, has contributed to excessive development expenditure, security risks, and an insular R&D culture, often pursuing benefits that have proven illusory. A significant focus of Buterin's proposal is the consensus layer, with the introduction of the “3-slot finality” model. This model aims to simplify consensus by eliminating complex components like epochs, sync committees, and validator shuffling. The reduced number of active validators at a time would allow for safer and simpler implementations of the fork choice rule. Other proposed improvements include adopting Scalable Transparent Argument of Knowledge (STARK)-based aggregation protocols to decentralize and simplify network coordination. On the execution layer, Buterin proposed transitioning from the Ethereum Virtual Machine (EVM) to a simpler, ZK-friendly virtual machine like RISC-V. This shift could offer significant performance improvements for zero-knowledge proofs and simplify the protocol. RISC-V, an open-source instruction set architecture, follows a minimalist design philosophy, using a small set of simple instructions for high efficiency and easier implementation. To maintain backward compatibility, Buterin suggested running legacy EVM contracts onchain via a RISC-V interpreter while supporting both virtual machines concurrently during a transitional phase. Buterin also advocated for protocol-wide standardization, proposing the adoption of a single erasure coding method, serialization format (favoring SSZ), and tree structure to reduce redundant complexity and streamline Ethereum's tooling and infrastructure. He likened simplicity to decentralization, suggesting Ethereum adopt a “max line-of-code” target to keep consensus-critical logic lean and auditable. Non-critical legacy features would remain but reside outside the core specification. Buterin's proposal comes as Ethereum faces increasing competition from other blockchains. During a panel discussion at the LONGITUDE by Cointelegraph event on May 2, Alex Svanevik, CEO of data service Nansen, noted that Ethereum's dominance among L1 blockchain networks has declined. Svanevik remarked that while Ethereum was expected to dominate the crypto space a few years ago, the current landscape shows a different reality.

According to PANews, Ethereum is undergoing a significant strategic transformation by transitioning from the Ethereum Virtual Machine (EVM) to the RISC-V architecture. This shift is not merely a tactical update but a strategic overhaul, potentially marking a revolutionary phase akin to the transition from Proof of Work (PoW) to Proof of Stake (PoS). The adoption of RISC-V is seen as a crucial element for Ethereum's growth over the next decade, focusing on foundational changes rather than incremental improvements. The Ethereum Object Format (EOF), which has faced numerous technical challenges, may be rendered obsolete by this transition. RISC-V offers a more comprehensive hardware-level overhaul compared to EOF's software optimizations. Ethereum is reevaluating its innovation path, moving away from Layer 2 solutions towards a fundamental restructuring of its core framework. This strategic pivot reflects a shift from external expansion to internal innovation. Zero-Knowledge Proofs (ZK), once a prominent narrative within Ethereum, have yet to realize their full potential. Currently, ZK is primarily used for state proofs between Layer 1 and Layer 2, only scratching the surface of its capabilities. The introduction of RISC-V could ignite a new wave of infrastructure development, potentially leading to advancements in privacy and scalability solutions. This could involve the integration of zkMIPS, zkEVM, and zkVM, alongside parallel EVM and hardware acceleration. RISC-V's role as a hardware instruction set in Ethereum's technological evolution signifies a comprehensive overhaul. This change aims to move away from the outdated EVM system, fostering a modular and flexible ecosystem. Ethereum's shift from a monolithic architecture with external expansion to a modular architecture with core enhancements marks the beginning of a new era. Ultimately, Ethereum's transition to RISC-V is not a simple technical iteration. As the Layer 2 narrative becomes crowded and its benefits diminish, Ethereum's technical team recognizes the need to return to Layer 1 innovation to overcome the challenges of Layer 2 ecosystem deployment. This strategic move aims to redefine Ethereum's competitive edge. Despite skepticism surrounding "technical narratives," Ethereum's commitment to innovation remains strong. While some may view this as another cycle of infrastructure innovation without immediate application, it represents a proactive approach to revitalizing the ecosystem.

According to Odaily, Ethereum's core development team is nearing the completion of two crucial standards aimed at addressing the challenges of address recognition in cross-chain interactions. The ERC-7828 and ERC-7930 standards are expected to be finalized on May 9, with the final community feedback currently being gathered on the Ethereum Magicians forum. The ERC-7930 standard will introduce a unified network identification format, while the ERC-7828 standard focuses on converting complex cryptographic addresses into a more recognizable 'name@service' format. This improvement is anticipated to significantly reduce the risk of asset loss due to incorrect network selection by users. Additionally, the Ethereum Pectra upgrade is scheduled to be deployed on the mainnet on May 7. Originally planned for release in March 2025, the upgrade was delayed due to technical issues on the Holesky testnet. The development team has reported stable performance on the Hoodi testnet.