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On Thursday, Ethereum developers announced their decision to split the upcoming Pectra upgrade into two phases to minimize risks and ensure a smooth rollout. The first phase will introduce eight Ethereum Improvement Proposals (EIPs), such as EIP-7702, focused on enhancing the wallet user experience, while the second will target more complex updates, like adding PeerDAS for data availability, which will further reduce costs and improve scalability for L2s. This decision aims to reduce potential bugs and security issues, with developers targeting early 2025 for deployment.
Solana Breakpoint kicked off Friday in Singapore with big updates like Franklin Templeton's upcoming mutual fund on Solana, an early version of Jump's Firedancer validator client on mainnet, and multiple announcements from Jupiter Exchange, such as their acquisition of trading terminal Coinhall and blockchain explorer SolanaFM. Meanwhile, we also got to take an early peek at Seeker, the next Solana Mobile smartphone, and got eyes on a series of payment and wallet updates from Phantom, Fuse Wallet, and Shopify, which will allow people to sell goods on Twitter via Blinks.
Bitcoin gained 5% this week, briefly surpassing $64K on Friday before inching back to $62-63K, while Ethereum and Solana netted 6% and 8% gains respectively. The U.S. Federal Reserve’s somewhat unexpected 50bps rate cuts, followed by strong employment data, and Bank of Japan’s Thursday decision to hold rates have traders shifting increasingly risk on, with many leading alts like Sui, Celestia, and Bittensor netting strong double-digit gains over the past seven days.
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