Top Cryptocurrency News This Week: Pectra Ethereum Upgrade, Sonic Summit, Polkadot App, FOMC Meeting, and More

Several events across various ecosystems made it to this week's top cryptocurrency news list. Highlights include the highly anticipated Pectra upgrade for Bitcoin and the Federal Open Market Committee (FOMC) meeting.

This week, traders and investors looking to capitalize on event-related volatility should keep an eye on the following headlines.

Pectra Upgrade for Ethereum

On May 7, the Ethereum network will activate the highly anticipated Pectra upgrade, with 11 Ethereum Improvement Proposals (EIPs) scheduled for implementation.

"Bitcoin is experiencing its biggest upgrade this month," shared DeFi researcher hodl on X (Twitter).

These changes aim to enhance staking participation and adoption of decentralized applications, which could increase demand for ETH and, effectively, the price of Ethereum.