ChainCatcher news, according to Glassnode monitoring, since the Ethereum Pectra upgrade, the realized market cap of ETH (representing the total capital stored in the asset) has increased from $240.8 billion on May 7 to $244.6 billion on May 19, an increase of $3.8 billion (1.6%). This growth has reversed the downward trend that persisted for three months since early February.

ChainCatcher news, the Optimism core development team OP Labs has successfully activated the Isthmus hard fork, introducing key features of the Ethereum Pectra upgrade into the OP Stack and Superchain ecosystem, becoming the first L2 ecosystem to support Pectra.This upgrade covers multiple OP Stack chains including Base, Ink, OP Mainnet, Soneium, and Unichain.

ChainCatcher news, security company Slow Mist stated on platform X that the Ethereum Pectra upgrade (EIP-7702) is now live------this is a significant leap, but the new features also bring new risks. Here are some points that users, wallet providers, developers, and exchanges should pay attention to:For users: Private key protection should always be a top priority; be aware that the same contract address on different chains may not always have the same contract code; understand the details of the delegation target before proceeding with operations.For wallet providers: Check if the delegation chain matches the current network; remind users of the risks associated with delegation signatures that have a chainID of 0, as these signatures may be replayed on different chains; display the target contract when users sign the delegation to reduce the risk of phishing attacks.For developers: Ensure permission checks are performed during wallet initialization (e.g., verify the signature address through Ecrecover); follow the namespace formula proposed in ERC-7201 to mitigate storage conflicts; do not assume Tx.Origin is always an externally owned account (EOA), using Msg.Sender == Tx.Origin as a defense against reentrancy attacks will no longer be effective; ensure that the target contract of user delegation implements the necessary callback functions to ensure compatibility with mainstream tokens.For centralized exchanges (CEXs): Conduct tracking checks on deposits to reduce the risk of false deposits from smart contracts.

ChainCatcher message, former Immunefi smart contract developer and security engineer Vladimir posted on the X platform, stating that with the Ethereum Pectra upgrade, users only need to sign a message to fully withdraw, so extra caution must be taken when signing transactions.

ChainCatcher news, according to The Block, the Ethereum mainnet successfully activated the Pectra upgrade at 6:05 AM Eastern Time, marking the most significant network update since the Merge in 2022.This hard fork includes 11 EIP improvement proposals, primarily focusing on three major areas: enhancing staking efficiency, optimizing user experience, and improving Layer2 scalability. The successful deployment of the testnet Hoodi in March laid the foundation for this upgrade. Pectra sets the stage for the Fusaka upgrade, which will introduce key technologies such as Verkle Trees and PeerDAS.Among the highlights of this upgrade is the EIP-7702 account abstraction scheme, which allows regular wallets to temporarily execute smart contract functions. In the future, users will be able to experience innovative features such as third-party payment of Gas fees, batch transaction packaging, and even recovery of lost private keys through social contacts. In terms of the staking mechanism, the ETH staking limit for a single validator node has been significantly increased from 32 to 2048, allowing institutional stakers to reduce operational complexity through node merging.For Layer2 scalability, the Blob data capacity per block has doubled to 6 (peaking at 9), and the proto-danksharding technology based on last year's Dencun upgrade continues to deepen, which is expected to reduce transaction costs on Rollup chains like Arbitrum by over 90%. The technical team has also addressed several long-standing pain points: the activation time for validator nodes has been reduced from 12 hours to 13 minutes, the execution layer can directly control node exits to enhance key security, and the on-chain storage of historical block hash data has improved the reliability of decentralized oracles.

ChainCatcher news, according to the Pectra upgrade countdown page, Ethereum has reached the scheduled Epoch 364032 for the Pectra mainnet upgrade.

ChainCatcher news, Matrixport released today's chart stating that Ethereum co-founder Vitalik Buterin recently expressed that Ethereum will develop towards a more streamlined and robust direction. - Drawing on Bitcoin's minimalist philosophy in core protocol design. He advocates for simplifying the key code of the consensus layer and enhancing the scalability of layer two networks through more mature zero-knowledge proofs (ZK) and optimistic rollup technologies.The Pectra upgrade, set to launch on May 7, integrates the "Prague" and "Electra" upgrade plans, including 11 Ethereum Improvement Proposals (EIPs), focusing on enhancing the network's scalability, security, and user experience. Key upgrades include: introducing account abstraction mechanisms (EIP-7702), increasing the validator cap (EIP-7251), and doubling the data block (Blob) throughput (EIP-7691) to reduce Layer 2 transaction costs. Despite some issues during the early stages of the testnet, Pectra is still seen as a crucial step in Ethereum's development journey.

ChainCatcher news, according to Coinbase Assets, the Ethereum Pectra upgrade will take place on May 7 at 3:05 AM Pacific Time (6:05 PM Beijing Time). To ensure the safety of user funds, Coinbase will suspend Ethereum deposits and withdrawals during the upgrade, from 5:50 PM to 6:45 PM Beijing Time. Meanwhile, new staking requests will resume processing after 6:45 PM, and existing staking positions will not be affected.

ChainCatcher message, Ethereum Foundation Executive Director Tomasz K. Stańczak issued an important clarification regarding the EOF debate, stating that there are significant controversies surrounding EOF, but there is a key misunderstanding that needs to be clearly addressed: the current discussions about EOF are unrelated to the Pectra upgrade scheduled for release on May 7. The Pectra upgrade does not include EOF and is not intended to include EOF. Everything related to Pectra will be released as planned on May 7.

ChainCatcher news, Ethereum Foundation protocol support lead Tim Beiko announced that the Pectra upgrade will go live on the mainnet on May 7, with an expected epoch height of 364032.It is reported that Pectra introduces EIP-7702, which allows standard Ethereum accounts (EOAs) to extend smart contract functionality, supporting use cases such as batch transactions, gas sponsorship, or social recovery; for stakers, Pectra introduces a feature to increase the effective balance of validators.

ChainCatcher news, Coinbase officially announced that it has begun actively preparing for the upgrade and will implement necessary updates after the official launch of Pectra. Coinbase also stated that it will continue to closely monitor the preparations for the system update to ensure customers have a smooth launch experience. Previously, due to configuration issues during the activation of the Holesky and Sepolia testnets, the Ethereum Pectra upgrade was delayed, and it is now scheduled to go live on the mainnet on May 7.

ChainCatcher news, according to Tim Beiko's summary, the 209th Ethereum Execution Layer Core Developer Meeting (ACDE) focused on the upcoming Pectra and Fusaka upgrades. The Pectra client is expected to be released on April 21, adding EIP-7702 delegation status to JSON-RPC. Regarding Fusaka, it is confirmed to include EIP-7823 (limiting MODEXP complexity), EIP-7825 (transaction gas limit), and EIP-7907 (contract code size measurement and limit increase); EIP-7762 and EIP-7918 will be selectively adopted in the blob fee mechanism to balance resource utilization and market supply and demand.

ChainCatcher news, according to Tim Beiko's summary, the 209th Ethereum Execution Layer Core Developers Meeting (ACDE) focused on the upcoming Pectra and Fusaka upgrades. The Pectra client is expected to be released on April 21, adding EIP-7702 for delegated state to JSON-RPC.Regarding Fusaka, it is confirmed to include EIP-7823 (limiting MODEXP complexity), EIP-7825 (transaction gas limit), and EIP-7907 (contract code size measurement and limit increase); EIP-7762 and EIP-7918 will be selectively adopted in the blob fee mechanism to balance resource utilization and market supply and demand.

ChainCatcher news, Coinbase stated in an official blog post that the next major upgrade for Ethereum is approaching. Due to configuration issues during the activation of the Holesky and Sepolia testnets, the Pectra upgrade has been delayed and is currently scheduled to launch on the mainnet on May 7. Coinbase has begun actively preparing for the upgrade and will implement necessary updates after the official launch of Pectra.In addition, Coinbase also mentioned that it will continue to closely monitor the preparations for the system update and actively work to ensure that customers have a smooth launch experience.

ChainCatcher news, according to CoinDesk, Ethereum developers have officially set the mainnet launch date for the Pectra upgrade to May 7, 2025.This upgrade is the largest system update since March 2024, featuring 11 improvement proposals (EIPs), with a focus on wallet contract functionality (enhancing usability and recovery) and EIP-7251 (increasing the single-node staking limit from 32 ETH to 2048 ETH). The upgrade has successfully run on the Hoodi testnet.

ChainCatcher news, according to Ethereum core developer Terence's post on X, the Ethereum testnet Pectra is tentatively scheduled to launch on the mainnet on April 30. Waiting for the next core developer to resolve some unresolved minor issues and conduct a comprehensive confirmation.

ChainCatcher news, Galaxy's Vice President of Research Christine Kim published a summary of the 153rd Ethereum Core Developers Consensus (ACDC) conference call.This week, developers reaffirmed the Pectra testing plan and scheduled an upgrade for the newly launched Hoodi testnet on March 26; developers agreed to postpone the mainnet date for Pectra until they see the upgrade status of Hoodi and further testing of Pectra's features on Hoodi; additionally, developers discussed the inclusion of EIP 7688 in the Fusaka upgrade.