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Introduction
On May 9, 2025, the price of Ethereum (ETH) experienced a significant rise, increasing from $1,814.21 on May 8 to the current $2,191.63, a rise of about 20%. This surge has drawn investors' attention to future trends. This report will delve into the reasons behind this price increase, particularly the impact of the Pectra upgrade on May 7, and assess whether the upward trend is likely to continue.
Recent Developments: Pectra Upgrade
On May 7, Ethereum underwent a significant upgrade called Pectra. Although specific details are limited, the upgrade is believed to aim at enhancing the network's scalability, security, or functionality. Historical data indicates that Ethereum's upgrades typically boost investor confidence and drive price increases. For example, the Ethereum merge in 2022 (transitioning from proof-of-work to proof-of-stake) initially triggered price volatility but ultimately solidified its long-term value proposition. The Pectra upgrade seems to have had a similar effect, with ETH's price starting to rise after the upgrade.

In the digital age, data privacy and security have become core issues. Traditional encryption technologies can protect data transmission security, but they require decryption during computation, which can expose privacy. Fully Homomorphic Encryption (FHE), known as the 'holy grail of encryption', allows arbitrary computation without decrypting the data, achieving true end-to-end encryption. As a pioneer in this field, MindNetwork is bringing revolutionary changes to the Web3 and AI ecosystem through FHE technology. This report will delve into how MindNetwork is reshaping the future of AI using FHE technology.