Ethereum’s Pectra upgrade unlocks smarter wallets, higher staking, and layer 2 scaling
Daily top performer — Vaulta (EOS)
The S&P 500 rose 0.43% on Wednesday as markets steadied after the Fed held rates unchanged and signaled caution on future cuts amid inflation and unemployment risks. Gold dropped over 2% to $3,371 after the Fed held rates and US-China talks lifted the Dollar, though central bank buying supports long-term demand. The Coindesk Indices, which tracks the broader crypto market, rose 2.09%, with Bitcoin and Ether up 1.32% and 1.15%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is EOS, which rose by 19.9% after Vaulta announced it will rebrand and swap the $EOS token for $A on May 14.
Vaulta (EOS), founded in 2017, formerly EOS, is a fast, low-cost blockchain for DApps using Delegated Proof-of-Stake (DPoS) and EOS.IO software. It offers sub-second block times and the EOS VM WASM engine for improved transaction speeds. With smart contracts written in C++, Vaulta allows easy upgrades for developers. On May 14, the $EOS token will rebrand to $A, with a 1:1 token swap and no changes to tokenomics or fees. Users can swap at swap.vaulta.com.
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Talk of the town
Ethereum has launched the Pectra upgrade, its most ambitious update yet, introducing wallet smart contract features, improved validator economics, and enhanced scalability. Key changes include EIP-7702 (account abstraction for simpler wallet use), EIP-7251 (raising validator staking limits to 2,048 ETH), and EIP-7691 (doubling blob throughput to reduce Layer 2 costs). The upgrade lays groundwork for smoother DeFi experiences and future scalability, though challenges like increased validator demands and the need for even greater Layer 2 capacity remain. The next upgrade, Fusaka, aims to further simplify Ethereum’s user experience.
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Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 105.1 |
Total | 105.1 |
Yesterday, BTC spot ETFs saw $105.1M in net inflows, all from non-GBTC funds.
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Airdrop to watch
Magic Newton has officially announced its $NEWT token, with launch details coming soon. Users can collect daily Credits, which will boost their airdrop allocation, and participate in the Kaito Pre-TGE Yapper Leaderboard, which allocates 0.75% of the total supply. They also introduced the "Recurring Buy Agent," a tool that automates regular token purchases using USDC, even when users are offline.