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March 28, 2025

Pectra Tentatively Scheduled April 30th

Ethereum's next hard fork, Pectra, is set to activate on mainnet at slot 11,599,872.

Quick Take

  • Pectra is scheduled for April 30th.

  • Tether Superchain interop-ready USDT0.

  • ENS integrates Para sign-in.

  • Mass launches tokenized stocks on Base.



Pectra Tentatively Scheduled April 30th

Ethereum core developers have tentatively scheduled the Pectra hard fork to go live on Ethereum mainnet for Wednesday, April 30, 2025, at slot 11,599,872. Client teams plan to release updated client versions by April 14th. Once released, node operators must update their client software before the mainnet activation. The Pectra upgrade introduces 11 EIPs, including Account Abstraction EIP-7702, max effective balance EIP-7251, execution layer-triggerable withdrawals EIP-7002, and EIP-6110, which removes the delay between validator deposits and processing. Pectra will also increase Ethereum's blob capacity by 50%. 

USDT0 Superchain Interop-Ready

Tether launched USDT0 as a Superchain interop-ready stablecoin on OP Mainnet. USDT0 is an omnichain version of USDT, fully backed 1:1 by canonical USDT on Ethereum. Users can redeem USDT0 for USDT on Ethereum from any supported chain. It marks the first stablecoin deployed with native Superchain interop. Superchain interop enables seamless portability and fungibility of assets across all Superchain chains, eliminating the need for fragmented bridged versions and enhancing overall security. As an interoperable Superchain asset, USDT0 will benefit from features like 1-block finality, zero slippage, and unified security. USDT0 is currently live on OP Mainnet and Ink.

ENS Integrates Para Sign-In

ENS integrated sign-in with Para on the ENS Domains web app, enabling users without an existing wallet to easily register and manage ENS domains. Users can now log in to the portal using their email, phone number, or social media accounts via Para, a wallet and authentication tooling provider. Para uses passkeys to create portable embedded wallets that are accessible across devices using web2-friendly login methods like Discord and Google accounts. The integration aims to lower the barrier to entry for new users to onboard to the ENS ecosystem.

Mass Tokenized Stocks On Base

Mass, a DeFi and RWA protocol, launched support for tokenized stocks on Base. The implementation uses Dinari to issue dShares, which are 1:1-backed tokens representing real stock shares, ETFs, or bonds held in custody. Once tokenized, the assets are delivered to the user’s Mass account, enabling them to trade, hold, and receive dividends directly. Dividends are paid in USD+, a stablecoin backed by short-term U.S. Treasuries and redeemable for USDC.

Other News

  • PBSF shares 2025 Update

  • Blob scaling in Fusaka proposal

  • EIP-7918 for blob price target

  • ICE explores USDC integration

  • Timeboost rev stream proposal

  • Highlight reintroduces its marketplace

  • Coinbase lawsuit dismissed

  • 3Jane integrates Plaid

  • Bungee scUSD incentives


See disclosures

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March 27, 2025

Hoodi Activates Pectra Fork

The Hoodi testnet successfully activated the Pectra upgrade earlier today at epoch 2048.

Quick Take

  • Hoodi activates Pectra hard fork.

  • Ethereum researchers propose EIP-7917.

  • PeerDAS information hub.

  • Obol releases Charon v1.3.0.


https://open.spotify.com/episode/3DtMRzu1G4sSCu5T7AwC4j


Hoodi Activates Pectra Fork

Hoodi, the latest long-term Ethereum testnet, successfully activated the Pectra upgrade today at 14:37:12 UTC. This deployment enables staking operators and infrastructure providers to test Pectra’s newest validator features, including execution layer-triggered exits EIP-7002 and an increased maximum effective balance EIP-7251, which allows validators to stake up to 2,048 ETH per validator. The trestnet achieved finalization roughly 30 minutes after the fork. Hoodi replaces the Holesky testnet, which is set to be deprecated by September 2025. Ethereum core developers have agreed to activate Pectra on Ethereum mainnet at least 30 days after a successful fork on Hoodi, setting the timeline for late April or early May.

EIP-7917 Deterministic Proposer Lookahead

Ethereum researchers Lin Oshitani and Justin Drake introduced EIP-7917, a proposal designed to address the unpredictability in the beacon proposer schedule by pre-calculating both RANDAO and effective balances simultaneously. The goal is to make the proposer schedule deterministic and simplify the implementation of preconfirmation protocols. The proposal introduces a new proposer_lookahead field in the beacon state, which provides a list of validator indexes for upcoming epochs. Unpredictability in the beacon proposer schedule is expected to increase with the introduction of MaxEB in Pectra, as rewards, validator consolidations, and deposits can alter effective balances significantly. The researchers aim to propose EIP-7917 for inclusion in the Ethereum Fusaka upgrade.

PeerDAS Information Hub

Ethereum researchers launched DAS.wtf, an information hub dedicated to Data Availability Sampling (DAS) and PeerDAS. The hub features relevant EIPs, key resources, and historical context. PeerDAS enhances Ethereum's scalability by using existing peer-to-peer components, allowing nodes to verify blob data availability without downloading the entire dataset. PeerDAS will be a key focus of Fusaka, the next hard fork following Pectra, and is a crucial part of “The Surge” in Ethereum’s roadmap for scaling transaction throughput while maintaining decentralization and security. EIP-7594 outlines PeerDAS's implementation, which is scheduled for inclusion in Fusaka.

Obol Releases Charon v1.3.0

​Obol Network released Charon v1.3.0, marking the first Pectra-ready version of its distributed validator (DV) middleware client for Ethereum. The update introduces enhanced validator refresh logic, improved logging and monitoring capabilities, and various bug fixes. It also adds flags for human-readable operator nicknames. Nodes operating Charon are advised to update their software in preparation for the upcoming Pectra fork. Obol is a prominent provider of distributed validator technology, which enhances Ethereum's fault tolerance by eliminating single points of failure. 

Other News

  • Besu’s position on Fusaka

  • Defillama releases Gas Refuel

  • CCTP V2 goes live on Linea

  • Ethdotorg publishes AI page

  • Multi-year threat actors personas

  • Term Labs launches $TERM


See disclosures

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March 26, 2025

Celo L2 Goes Live

Celo successfully migrated from an EVM-compatible Layer 1 to an OP Stack Layer 2.

Quick Take

  • Celo migrates to an L2.

  • Custodia Bank issues a USD stablecoin.

  • World Liberty Financial announces USD1.

  • Shape L2 pledges 1% to Protocol Guild.

  • Abracadabra suffers $13m exploit.



Celo L2 Goes Live

Celo L2 is now live on mainnet! The network has successfully migrated from an EVM-compatible Layer 1 to an OP Stack Layer 2 at block 31,056,500. The upgrade reduces block times from 5 seconds to just 1 second, enabling faster transactions while preserving all historical transactions from its Layer 1 network. With the transition, Celo brings its DeFi infrastructure, stablecoins, and over $70 million in TVL to the Superchain. Entering a new growth era, Celo aims to build an inclusive and efficient onchain economy, further scaling Ethereum for real-world use cases. Celo was originally launched on Earth Day 2020 as a Proof-of-Stake Layer 1.

Custodia Bank Issues USD Stablecoin

Custodia Bank, in collaboration with Vantage Bank, has issued the Avit stablecoin on Ethereum, making it the first U.S. bank-issued, dollar-pegged stablecoin. Custodia successfully issued, transfered, and redeemed Avit stablecoins on Ethereum mainnet for a bank customer. Avit is issued as an ERC-20 token on Ethereum. Custodia Bank manages issuance, custody, and monitoring, while Vantage Bank manages fiat reserves and payments. The initiative underscores the growing interest of traditional financial institutions in leveraging permissionless blockchains for tokenization while maintaining regulatory compliance.

World Liberty Financial USD1 Stablecoin

World Liberty Financial, a DeFi platform on Ethereum backed by Donald Trump, announced plans to launch USD1, a stablecoin pegged 1:1 to the US dollar that will be backed by short-term US treasuries, cash deposits, and equivalents. USD1 will initially be available on Ethereum mainnet and Binance Smart Chain (BSC). BitGo will serve as the custodian for USD1. World Liberty Financial says USD1 avoids complex yield-generating mechanisms, prioritizing transparency and security for institutional adoption.

Shape L2 Pledges 1% To Protocol Guild

Shape L2 is now the latest project to make the Protocol Guild pledge, allocating 1% of its total token supply to the guild. Shape is also hosting the "Infinite Garden" NFT mint, with 50% of the proceeds allocated to the Protocol Guild. The Protocol Guild is a collective of 191 members that contribute to Ethereum protocol development. The registry of members is fully onchain and donations are paid out based on contributions and time contributing. The pledge aims to address the opportunity cost of working on Ethereum L1 by providing core devs the potential upside of a token allocation from early Ethereum projects.

Abracadabra Suffers $13 Million Exploit

Abracadabra, a DeFi lending protocol behind the MIM stablecoin, suffered an exploit, resulting in a loss of approximately $13 million worth of ETH. The protocol allows users to deposit interest-bearing tokens, like magicGLP, as collateral to borrow MIM. The attack targeted Abracadabra’s “gmCauldrons,” an isolated lending market that enables users to borrow MIM. GMX confirmed that its GMX contracts were unaffected, as the vulnerability was confined to Abracadabra’s integration with GMX pools.

Client Releases

  • Prysm v5.3.2 release

  • Erigon v3.0.0 release

  • Teku v25.3.0 release

  • Nimbus v25.3.1 release

New ETH Podcasts

  • Alex Stokes & Barnabe on Unchained

  • Tim Beiko on Bankless

Other News

  • ACD checkpoint updates

  • Protocol research call

  • Devconnect ARG venue announced

  • Subtraction is a failed comms strategy

  • Ipsilon: EOF Fusaka Options

  • Ethresearch: Decoupling throughput

  • Paper: Execution Welfare

  • Hoodi testnet explorer is live

  • Fidelity to launch stablecoin

  • Arbitrum 2024 Transparency Report

  • Private ENS with Fluidkey

  • USDtb on Aave V3 proposal

  • Particle launches PARTI

  • Kelp releases eligibility checker

  • Taiko RFP applications

  • Hashflow deploys on Base

  • Polymarket supports Base deposits

  • Celsius sues Chainalysis


See disclosures

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