Ethereum Launches Mekong Testnet to Preview Pectra Fork Upgrades

Daily Top Performer — Cetus Protocol (CETUS)

The S&P 500 gained 0.74% to a record high, driven by optimism over the Fed’s rate cut and potential tax cuts. Major tech stocks, including Tesla, Nvidia, and Apple, led the gains. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.07%, with Bitcoin and Ether rising by 0.51% and 7.59%, respectively in the past 24 hours.

Today's top performer is CETUS, which surged 23.6% following the Cetus upgrade that allows users to effortlessly switch between multiple Sui wallet addresses.

Cetus Protocol (CETUS), founded in 2022, is a decentralized exchange on the Sui Network, using concentrated liquidity and Position NFTs to enhance efficiency. The CETUS token rewards users for participation and governance. Cetus has upgraded its wallet connection feature, allowing users to connect multiple Sui wallet addresses at once and easily switch between them within the interface. This eliminates the need for repeated wallet clicks, providing a smoother and more flexible experience in Sui DeFi.

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Talk of the Town

The Ethereum Foundation launched the Mekong testnet to allow developers to explore user experience (UX) and staking updates for the upcoming Pectra fork. Mekong, a short-term testnet, includes all the Ethereum Improvement Proposals (EIPs) for Pectra, enabling testing of changes to UX, staking, deposits, and exit mechanisms. The testnet helps developers experiment and provide feedback, while stakers can preview workflow changes. Mekong does not impact the Ethereum mainnet or other testnets but will inform the deployment of Pectra upgrades across Ethereum networks.

Check Out the Latest Prices, Charts, and Data of ETHUSDT Perp and ETH/USDT Spot Contracts!

Bitcoin Spot ETF Flows

Yesterday, total BTC Spot ETF volume was 236.3, with 7.3 from GBTC and 229.0 from non-GBTC sources.

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Airdrop to Watch

Story Protocol’s Final Testnet Odyssey is live, offering a commemorative badge for completing free tasks. To claim, get testnet tokens, connect your EVM wallet, and complete social tasks. Available for one week; a Gitcoin Passport score of 20+ is required. Story recently raised $140 million, backed by A16z and others.