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Ethereum Sets New Date for Pectra Upgrade After Technical Issues

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Ethereum’s Pectra upgrade has now been scheduled to go live on the mainnet on May 7, 2025.

The announcement was made during a call held by the blockchain’s core developers on April 3.

Technical Challenges

Pectra is one of Ethereum’s most significant upgrades since the network’s transition to a proof-of-stake consensus mechanism in 2022. It merges the Prague execution layer with the Electra consensus layer and includes 11 Ethereum Improvement Proposals (EIPs) aimed at improving the blockchain’s scalability, efficiency, and usability.

Originally planned for March 2025, the changes were postponed due to challenges encountered during testnet implementation. Specifically, the Holesky testnet experienced finality issues, preventing developers from proceeding with the original timeline. Additionally, a minor bug was discovered on the Sepolia testnet in early March, which was identified and resolved before further testing.

Developers then launched the Hoodi testnet, successfully running the enhancements without major incidents. This phase led to the confirmation of the May 7, 2025, mainnet deployment date.

“We’ll go ahead and lock in May 7 for Pectra on mainnet,” said Ethereum Foundation researcher Alex Stokes during yesterday’s core developers’ call. “Happy Pectra everyone.”

Despite recent developments, Ethereum’s market performance has remained weak, with its native ETH token posting its worst first-quarter performance in 7 years. A recent report from CryptoQuant showed that the ecosystem continues to struggle due to low activity, declining transaction fees, and a reduced ETH burn rate, all of which have contributed to increased inflationary pressure on the network.

Key Features and Improvements

Pectra contains several improvements aimed at making Ethereum more user-friendly and efficient. Key features in the new version include smart contract functionality for wallets, enhanced staking capabilities, account abstraction, privilege management, and the ability to sponsor transaction fees.

Account abstraction will allow Externally Owned Accounts (EOAs) to function similarly to smart contract wallets, introducing advanced features such as transaction batching, fee sponsorship, and custom security rules. These improvements are expected to enhance Ethereum’s flexibility, making decentralized applications (dApps) more accessible to users.

Petra also increases the validator staking limit from 32 ETH to 2,048 ETH. This change supports larger validators and allows smaller ones to receive compounding rewards.

Another addition is Peer Data Availability Sampling (PeerDAS), which reduces costs for layer-2 solutions by allowing nodes to verify large data availability without downloading all of it. The upgrade also includes the Ethereum Virtual Machine (EVM) Object Format, which enhances EVM code to support future functionality on both layer-1 and layer-2 networks.

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PI Token Finally Rebounds as Bitcoin (BTC) Calms at $83K (Weekend Watch)

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Bitcoin’s price actions went through a highly volatile period in the past several days due to the escalation of Trump’s  Trade War, but has managed to calm now at around $83,500.

Many altcoins experienced similar volatility lately. Now, though, PI has finally bounced off while TON has plunged hard.

BTC Stabilizes at $83.5K

It was a wild week in terms of price actions for the primary cryptocurrency, mostly influenced by global economic developments. It started with a price slump to $81,200, but the asset reacted well and jumped almost immediately.

The peak came on Wednesday after reports that Elon Musk would leave President Trump’s inner circle, and bitcoin skyrocketed to over $88,000. However, then came the so-called ‘Liberation Day’, and the latest tariffs imposed by the POTUS resulted in an immediate price slump of over six grand.

More volatility ensued by the end of the weekend as other countries responded similarly. BTC was stopped at $85,000 on a couple of occasions, while the $81,000 support held its price from breaking further below.

As of now, the cryptocurrency trades at around $83,500. Its market capitalization remains still at $1.660 trillion, while its dominance over the alts has declined slightly to just under 60% on CG.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

PI on the Rebound

After weeks and weeks of continuous price declines, Pi Network’s native token has finally bounced off in the past 24 hours. The asset, which marked an all-time low yesterday, is up by 9% now and sits at $0.6. Still, its performance on a monthly scale is quite underwhelming as it’s down by 69%.

OKB is the other notable gainer from the larger-cap alts, having surged by a similar percentage to over $51. In contrast, TON has plunged the most (-7%), followed by LEO and ICP. SOL, XRP, and DOGE are with minor gains, while BNB, ADA, and TRX are with insignificant losses over the past 24 hours.

The total crypto market cap has added around $60 billion since yesterday’s low and is up to $2.780 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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World’s First RWA Presale on Solana, Glimmer Finance RWA Marketplace Trend

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[PRESS RELEASE – Singapore, Singapore, April 4th, 2025]

Glimmer Finance has introduced its initiative focused on transforming the trading and investment of real-world assets (RWAs). Developed on the Solana blockchain, the project recently announced the creation of an RWA marketplace—an infrastructure aimed at providing a secure and transparent platform for asset tokenization. Designed to bridge traditional finance with Web3 technologies, the platform seeks to broaden global access to digital representations of real-world assets.

Ongoing $GLIMM Presale 

Glimmer Finance has initiated the presale phase for its native token, $GLIMM, as part of its ongoing development of an RWA marketplace on the Solana blockchain.

The presale offers early access to the token at an initial valuation prior to its anticipated listing price of $0.06. Participants can engage in the sale using BNB, SOL, ETH, and stablecoins such as USDT, allowing for cross-chain accessibility.

This phase of the presale is time-limited, with price tiers set to adjust in subsequent rounds. The event is positioned to provide early participants with initial access to the token as the platform continues development.

Participation is now open: https://glimmer.finance/uOYBcNEs1AFL

Transforming Asset Investment Through Tokenization

At its foundation, Glimmer Finance enables the digital tokenization of real-world assets, supporting features such as fractional ownership, AI-assisted asset evaluation, and increased liquidity. The platform is being developed as a marketplace for tokenized assets—including commodities like gold and metals, as well as real estate—drawing a parallel to how marketplaces like OpenSea facilitated the exchange of NFTs. By utilizing Solana’s high-speed, cost-efficient blockchain infrastructure, Glimmer Finance aims to deliver a streamlined user experience. The marketplace is expected to support a broad range of asset classes in tokenized form, including:

  • Real Estate – Residential, commercial, and industrial properties, offering rental income and appreciation potential.
  • Commodities – Tokenized precious metals like gold and silver, as well as energy resources such as oil and gas.
  • Treasury Assets – Government bonds and securities, making traditional financial instruments accessible on-chain.
  • Luxury Assets – High-value collectibles, including fine art, vintage cars, and jewelry.
  • Intellectual Property – Patents, copyrights, and revenue-generating royalty streams.
  • Corporate Assets – Tokenized equity stakes and shares in private companies.

Glimmer Finance Features

The platform streamlines the tokenization process for asset owners and investors through a structured onboarding framework that ensures compliance and security. Key components include:

  1. Asset Onboarding – RWA owners can seamlessly tokenize their assets and list them for global investment.
  2. Fractional Ownership – Investors gain access to high-value assets without the need for large capital commitments.
  3. Blockchain Transparency – All transactions are securely recorded on Solana’s ledger, ensuring immutability and trust.
  4. AI-Powered Valuation – Advanced analytics assess asset performance, providing real-time insights for smarter investment decisions.
  5. Instant Liquidity – A decentralized marketplace enables rapid buying, selling, and trading of tokenized assets with minimal slippage.

The Future of Decentralized RWA: Glimmer Finance’s Roadmap

Glimmer Finance is aimed to revolutionize the digital asset market with a comprehensive roadmap that extends into 2026:

  • Q1 2025: Launch of presale event, investor onboarding, and early community building.
  • Q2 2025: Platform foundation development, security audits, and beta testing.
  • Q3 2025: Introduction of AI-powered dashboards and compliance tools.
  • Q4 2025: Expansion of asset listings and deployment of risk assessment tools.
  • Q1 2026: Multi-chain integration, supporting assets across Ethereum, Solana, and more.
  • Q2 2026: Implementation of deflationary token mechanisms and expansion into emerging markets.

About

Glimmer Finance is positioned as a platform advancing financial accessibility, security, and infrastructure innovation within the real-world asset (RWA) space.

Through the integration of blockchain technologies, AI-powered analytics, and decentralized architecture, Glimmer Finance aims to offer an evolving framework for how investors engage with tokenized assets. As development progresses, the platform is working toward establishing itself as a decentralized marketplace for RWAs, contributing to the broader adoption of blockchain-based financial tools.

For the latest updates, roadmap milestones, and investment opportunities, users can stay tuned to Glimmer Finance’s official channels:

https://glimmer.finance/uOYBcNEs1AFL

https://x.com/GlimmerFinance

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Ripple vs. SEC Lawsuit Closure: What it Means for the Future of Crypto

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Ripple CEO Brad Garlinghouse made a triumphant announcement on March 19, indicating that the US Securities and Exchange Commission had dropped its latest appeal in the legal case between the two entities, which essentially meant it had finally ended.

His statement was later confirmed by company CLO Stuart Alderoty, who explained that Ripple had also dropped its own appeal. Moreover, the company had to pay just $50 million, instead of the $125 million Judge Torres ruled or the $2 billion the SEC sought initially.

Garlinghouse described this as a win not only for his firm but the entire cryptocurrency industry, given the lawsuit’s significance and longevity. But is that really the case? We decided to ask a few industry experts for their opinion on the potential impact of the lawsuit’s closure.

Watershed Moment

Lingling Jiang, a partner of DWF Labs, was bullish overall for crypto after the case was resolved. She said the ending of such a lawsuit, that lasted for over four years and was essentially the cornerstone of the SEC’s entire war against crypto, is a ‘watershed moment’ for the company and for the entire industry.

She believes it marks the beginning of a long process that will help crypto receive more regulatory clarity in the States, which would be “crucial for building long-term institutional trust and driving innovation.”

With the burden of such a long, expensive, and potentially very damaging lawsuit out of sight, Jiang said Ripple can now focus on building its own brand, business, technology, and products, such as its recently launched stablecoin.

“I would regard this as a representation of what meaningful progression towards establishing greater legitimacy and institutional acceptance within the cryptocurrency ecosystem can look like,” she concluded.

US-based Firms to Thrive

Echoing in part Jiang’s words and a previous comment from Garlinghouse about US-based companies, Andrei Grachev, a managing partner at Falcon Finance, said such digital asset projects are now ‘positioning themselves to regain leadership in crypto infrastructure.’

Ripple’s legal clarity, Coinbase reportedly working on acquiring Deribit, and other similar developments on US soil point to an ‘incredibly bullish’ future for synthetic dollar protocols.

“If a regulated, U.S.-compliant Coinbase absorbs Deribit, it could accelerate the legitimisation of on-chain synthetic dollar markets—particularly those that mirror the risk profiles of traditional FX and interest rate derivatives.

With deeper market rails and renewed confidence in regulatory clarity, we expect innovation and adoption in synthetic dollar protocols to surge—especially in regions hungry for stable, censorship-resistant value transfer,” – Grachev said.

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