2025 Target for Pectra on Ethereum – Standard Chartered Predicts Solana and Ripple Will Be the Next ETFs

Target 2025 for Pectra on Ethereum

Ethereum core developers decided at the execution layer meeting that they aim to release the Pectra upgrade in the first quarter of 2025. This upcoming upgrade will be the next big development for Ethereum, following the Dencun upgrade that was successfully implemented in March 2024. Pectra will introduce the Ethereum Virtual Machine Object Format (EOF), which includes approximately 11 improvement proposals aimed at improving EVM code at both Layer-1 and Layer-2 levels. Additionally, the upgrade will also include EIP-7251, known as ‘increase maximum effective balance’, which increases the amount of ETH individual validators can stake from the current 32 ETH to a maximum of 2,048 ETH. This change aims to potentially reduce operational complexity by enabling validators to manage fewer but larger amounts of staking transactions.

Standard Chartered Predicts Solana and Ripple Will Be the Next ETFs

British bank Standard Chartered says Solana and Ripple are likely next after the US approves spot Bitcoin and Ethereum ETFs. “For other coins (e.g. SOL, XRP) markets will also look at their eventual ETF status, but that will likely be a 2025 story, not a 2024 story,” said Geoffrey Kendrick, head of crypto research at Standard Chartered. he wrote.

Aptos Reaches All-Time High in User Transactions

Layer-1 platform Aptos has reached a new milestone in blockchain transactions. It surpassed Solana by recording 115.4 million transactions in a single day on May 25, compared to Solana’s 31.7 million transactions. The increase in transaction volume set a new benchmark, surpassing the previous L1 record of over 65 million held by Sui Network by a significant margin of over 50%.

Polkadot Community Greenlights Funding for Ecosystem Innovators

The Polkadot community has approved the Optimistic Project Funding proposal to support projects that improve the ecosystem of the blockchain network. The proposal was unanimously accepted, backed by more than 55 million DOT tokens. Polkadot aims to attract the best developers by providing continuous and dynamic funding for their projects.

Farallon Capital and Cetera Investments Advisers Announce Investment in Spot Bitcoin ETF

Farallon Capital Management, Cetera Investment Advisers and BigSur Wealth Management reported investing millions of dollars in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, announced an $85.2 million investment in Grayscale’s GBTC on May 24. Cetera Investment Advisers announced an investment of $22.6 million in GBTC on May 24, becoming one of the 25 companies with the largest GBTC position.

Worldcoin’s Biometric Data Collection Violates Privacy

Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), ordered Worldcoin to cease all operations in the territory. PCPD found that Worldcoin’s collection of facial and iris biometric data from more than 8,300 individuals was ‘unnecessary and excessive’ and violated local privacy laws. This conclusion was reached after 10 undercover audits of 6 Worldcoin locations between December 2023 and January 2024.

Bitcoin Course from Swiss University

According to a recent report from 20 Minuten, a local media outlet, Zurich University of Applied Sciences has announced that it will offer a Bitcoin course starting in March 2025. The course is specifically considered for those who want to integrate Bitcoin into new business models. The course offers a structured modular curriculum that takes into account various aspects of the Bitcoin ecosystem.

————————————————– —————————-

BITCOIN (BTC)

BTC is priced at $68,523 with a 0.02% gain in value as of the morning hours. When we examine the 4-hour chart, the resistance zone of $ 72 thousand was tested with the strong price movement seen at the beginning of last week. After finding support at $66,700, the rise continues again. $69,000 and $70,000 are among the areas that can act as resistance. As support, $66,800 seems strong.

ETHEREUM (ETH)

ETH is priced at $3908 with a 2.17% gain in value as of the morning hours. When we examined the 4-hour chart, we saw high volatility with spot ETH ETF applications being approved. With this move, the 3500 level was tested at the bottom and a strong reaction occurred. The uptrend continues and it looks like it has been rejected again from the $3932 area. In case of a break above $3932, the $4000 level can be tested.

RIPPLE (XRP)

As of the morning hours, XRP is priced at $0.5283 with a 0.04% gain in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.48 level, but it could not be sustained. $0.50 is a critical level and this level has been regained. Initial support again appears to be the range between $0.50 and $0.51. Areas where there may be resistance include the $0.55 and $0.58 levels.

AVALANCHE (AVAX)

AVAX is priced at $36.98 with a 0.60% gain in value as of the morning hours. After the horizontal area broke up, we saw a movement up to the $42 level, but it could not be sustained above this area. In case of withdrawals, the 35 and 33 dollar areas can be followed as support. In upward movements, if there is persistence above the $40 level, the $45 region can be targeted.

SOLANA (SOL)

SOL is priced at $164.30 with a 0.56% gain in value as of the morning hours. When we examine the daily chart, we see that the $160 level, which we follow as the support zone, was tested with the withdrawal movement. If the reaction from this region continues, the $ 170 level can be followed as short-term resistance. If the support zone is broken, a move up to $155 may be possible.

CHAINLINK (LINK)

As of the morning hours, LINK is priced at $16,935, with a 0.62% loss in value. When we examine the daily chart, we see that the resistance zone at $17,400 is important. If it persists above this zone, the $18 level can be tested. In case of withdrawals, the $ 16,500 level can be followed as support.

ARB

ARB is priced at $1.2556 with a 5.12% gain in value as of the morning hours. When we examine the daily chart, we see that the $1.2215 resistance level has been broken upwards. If this movement continues, the $1.40 level may be tested. In case of withdrawals, the broken resistance zone can be followed as support.

NEAR

NEAR is priced at $7,865 with a 0.63% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a downward movement. The support zone for this movement appears as $ 7,600. In upward movements, the $ 8 and above $ 8,200 region can be followed as resistance first.

OUNCE OF GOLD

As of the morning hours, ounce gold is priced at 2342.46 dollars with a 0.38% gain in value. When we examine the four-hour chart, we see that the $2400 level has been broken strongly downwards. We see that it has received a reaction from the $2300 level, which we are currently following as a support zone. If this movement continues, the $2350 level can be followed as resistance.

OUNCE OF SILVER

As of the morning hours, silver is priced at $30.82 with a 1.54% gain in value. When we examine the hourly chart, we see that the horizontal movement between the $30.05 and $30.75 levels has been broken upwards. If this move continues, the $31.20 level could be tested. In case of withdrawals, the $ 30.70 region can be followed as support.

What is Airdrop?

Airdrop, one of the rapidly growing and interesting applications of the cryptocurrency world, means distributing free crypto money to users.

Read More »


Create an account

Now create an account where you can use your knowledge.