đ„ Latest news about ETH ! đ±
đ Ethereum shows bullish momentum driven by technical upgrades, institutional accumulation, and ecosystem expansion, though competition from Solana and regulatory scrutiny remain watchpoints.
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Pectra upgrade activated (May 7) with validator and scalability improvements.
Bitstamp launches ETH staking in the UK (May 27).
4,838 ETH withdrawn from Kraken (May 28), signaling accumulation.
Deep Dive
1. Technical developments
The Pectra upgrade (activated May 7) introduced three key changes (Ethereum Foundation):
EIP-7702: Allows wallets to temporarily act as smart contracts, enabling gas payments in stablecoins.
EIP-7251: Raised validator staking cap from 32 ETH to 2,048 ETH, streamlining institutional participation.
EIP-7691: Doubled blob capacity for Layer 2 networks, reducing rollup fees.
Developers are now focused on the Fusaka upgrade (expected late 2025), which aims to integrate PeerDAS for enhanced scalability.
2. Business & partnerships
Bitstamp launched ETH staking in the UK (May 27) with up to 3.1% APY, following clarified regulations (Bitstamp).
MetaMask expanded beyond EVM chains by integrating Solana (May 27), signaling cross-chain interoperability efforts (MetaMask).
3. Market metrics
ETH price surged 47.8% in 30 days to $2,643 (as of May 28), driven by Pectra optimism and ETF inflows.
Exchange ETH supply hit 10-year lows (4.9% of total), suggesting long-term holding (Santiment).
đ„ Conclusion
Ethereumâs blend of technical upgrades, institutional adoption, and supply dynamics positions it for sustained growth.