An unknown attacker prompted Ethereum developers to roll out a “private fix” as the network grappled with technical issues during the Pectra upgrade on the Sepolia testnet. In a post-incident report , Ethereum developer Marius van der Wijden revealed that the attacker exploited an overlooked “edge case,” repeatedly triggering errors by sending zero-token transfers to the deposit contract, further complicating an already troubled rollout. What happened? On March 5, the Pectra upgrade went live on Sepolia, but almost immediately, developers started seeing error messages popping up on their geth nodes, alongside an increase in empty blocks being mined. According to van der Wijden, the issue stemmed from the deposit contract emitting an unexpected event—a transfer event instead of the required deposit event—which caused nodes to reject transactions and produce only empty blocks. The bug was linked to EIP-6110, which required all logs from the deposit contract to be processed uniformly. The geth team rolled out a fix that would “ignore all erroneous logs coming from the deposit contract,” but developers reportedly overlooked a specific edge case in the ERC-20 standard. “The ERC20 standard does not forbid 0 token transfer, this allows anyone (even if they don’t own any token) to transfer 0 tokens to another address which will emit an event,” van der Wijden explained, adding that an “attacker” took advantage of this by repeatedly sending zero-token transfers to the deposit contract. This triggered the same error and caused the network to continue mining empty blocks. You might also like: Ethereum’s Pectra upgrade on Sepolia encounters issues Initially, developers suspected a trusted validator had made a mistake, but upon investigation, they traced the issue to a newly funded account from a public faucet. To stop the attack, developers needed to filter out transactions interacting with the deposit contract. However, they suspected that the attacker was monitoring their chats, which prompted them to roll out a “private fix” to select DevOps nodes controlling about 10% of the network. Once the fix was deployed, nodes resumed producing full blocks, allowing the chain to function normally by 14:00 UTC. A few blocks later, the attacker’s transaction was successfully mined, confirming that all node operators had updated. Despite the disruptions, Ethereum “never lost finalization”, and the issue was limited to Sepolia, as its token-gated deposit contract differed from the Ethereum mainnet deposit contract, according to van der Wijden. Nevertheless, developers have decided to delay the Pectra upgrade for further testing and debugging. What is Ethereum’s Pectra upgrade? The Pectra fork is designed to enhance ETH staking, improve layer 2 scalability, and expand network capacity. It introduces 11 Ethereum Improvement Proposals (EIPs) and marks the first major upgrade since Dencun , which went live in March 2024. As previously reported by crypto.news, developers planned to deploy Pectra on the mainnet by April 8, provided that both the Holesky and Sepolia testnets successfully completed their upgrades. The upgrade was first implemented on the Holesky testnet on February 24, where it also ran into technical issues that prevented finalization. Read more: Ethereum’s Pectra upgrade passes audit, remains on track for launch
Bitcoin’s price tumbled 11% over the weekend following Trump’s executive order to use seized BTC for reserves, while broader macroeconomic pressures and bearish technical signals point to further downside. On March 7, Donald Trump signed an executive order to use Bitcoin ( BTC ) seized from criminal cases for the strategic reserve rather than buying it from the market. The announcement triggered a drop in Bitcoin’s price, which opened strong at $90,000 on March 7 but has shaved around 11% of its value over the weekend, closing at just $80,751 on March 9, according to CoinGecko . However, it has since recovered to over $82,000, currently trading for $82,154, down by 4% over the past 24 hours. This market reaction was likely due to unrealistic expectations as many expected the government would buy BTC, injecting more money in the market. That being said, the order didn’t completely rule out future Bitcoin purchases, but they would need to be “budget-neutral,” without burden to tax payers. You might also like: Trump signs executive order establishing a US Strategic Bitcoin Reserve Beyond the reserve-related disappointments, the Bitcoin price continues to be pressured by macro concerns, mainly related to tariffs . Specifically, the trade war between the U.S. and China is intensifying, with Beijing imposing tariffs on certain U.S. agricultural goods as a retaliation to Trump’s recent increase in Chinese import duties. Additionally, Federal Reserve Chairman Jerome Powell confirmed on Friday that the central bank will keep a wait-and-see approach to interest rates . This came after a weak U.S. nonfarm payrolls report and expectations of at least three Fed rate cuts this year. On the technical side, chart analyst Peter Brandt highlighted that the Bitcoin price completed a double top pattern, with peaks at around $108,100. After peaking, it broke down below key support (previous range) near 95,321–96,659. After the breakdown, the price formed a bearish pennant (a consolidation pattern), which retested the breakdown zone around 95,321–96,659) but failed to reclaim it. The pennant has completed, and price broke lower, signaling further downside. Support at 81,513 is now the critical level. If broken, further decline will likely follow. Source: X post by Peter Brandt If the price falls below this level, it could cause around $1.3 billion in leveraged long liquidations, according to Coinglass data . Such a massive wipeout will undoubtedly cause strong downward pressure on the price. Source: Coinglass Arthur Hayes’s recent analysis may offer insight into what could happen next. In his recent post on X, he said that Bitcoin is likely to retest the $78k level, and if that fails to hold, $75k could be the next target. He added that, a lot of investors have placed options bets around the $70,000-$75,000 price range. “If we get into that range it will be violent,” he remarked. An ugly start to the week. Looks like $BTC will retest $78k. If it fails, $75k is next in the crosshairs. There are a lot of options OI struck $70-$75k, if we get into that range it will be violent. pic.twitter.com/q4cq0rthGJ — Arthur Hayes (@CryptoHayes) March 9, 2025 The Silver Lining On the bright side, some experts believe that the Bitcoin reserve news is bullish in the long term and that the market’s reaction to the news of it consisting of forfeited BTC (at least in the near future) was the result of inflated expectations. As Matt Hougan, a chief investment officer at Bitwise Asset Management, told CNBC ”The market is short-term disappointed” that the government didn’t say it was immediately going to start acquiring 100,000 or 200,000 bitcoin, he added. Hougan pointed to AI Czar David Sacks’s statement on X , which said that the U.S. would look for “budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.” Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it… — David Sacks (@davidsacks47) March 7, 2025 Another positive development (albeit minor compared to the macro headwinds) is that wallets holding over Bitcoin have cumulatively accumulated almost 5000 BCT since March 3, according to Santiment . Although the prices have not yet reflected this, if whales continue to accumulate, the second half of March may be better than the “bloodbath” that market has seen since BTC reached its new $100K peak 7 weeks ago, Santiment analysts said. Source: X post by Santiment You might also like: Trump’s trade war: Tariffs, recession risks, and crypto volatility | Opinion
HUD evaluates blockchain and stablecoin for social housing payment solutions. Concerns about price volatility and project feasibility were raised during discussions. Continue Reading: HUD Considers Blockchain and Stablecoin for Social Housing Payments The post HUD Considers Blockchain and Stablecoin for Social Housing Payments appeared first on COINTURK NEWS .
Title/Diamond/Gold sponsor slots are sold out! We are accepting only a few sponsorship slots left! From 2025/4/16 (Wed) to 17 (Thu), Japan’s largest Web3 and AI conference “TEAMZ Summit 2025” will be held at the Toranomon Hills International Forum! This event will be a place where leaders in the Web3 and AI industry, government officials, investors, startups, and major technology companies will gather to discuss future technological innovation and market potential. The latest status of sponsorship slots: TITLE · DIAMOND · GOLD SOLD OUT! Due to great popularity, all of the title sponsor, diamond sponsor, and gold sponsor slots have been sold out! Currently, only Platinum (2 companies remaining) and Silver (4 companies remaining) can be accepted. “As a company that will create the future of Web3 and AI together, I want to exhibit at TEAMZ Summit 2025!” If you are a company like that, please apply as soon as possible! TEAMZ SUMMIT 2025 OVERVIEW Dates : 2025/4/16 (Wed) to 4/17 (Thu) Venue : Toranomon Hills International Forum (Minato, Tokyo) Expected number of participants: 10,000 people or more Target fields: Web3, AI, Blockchain, NFT, DeFi, Metaverse, RWA, CeFi & DeFi, Web3 Regulation/Security, etc. Official site: https://web3.teamz.co.jp/ List of major sponsoring companies Currently, Tron, Alibaba Cloud, Cardano Foundation, CHAINUP, Hashport, Sustainable Pavilion 2025, MEXC Ventures, Iagon, Clickhouse, TAISU, Horiemon AI School, Movement, FLICKPLAY, Sosovalue, ENI, Lbank Labs, MetaTech, The Assets Advisors, EMURGO, Jsquare, DFG, C² Ventures, BBS NYC, UPBOND, INTERSECT, POCKET WALLET, wework, keychainX, D3 Labs, JOKERS, hashlock, ALWASIQ MANAGEMENT CONSULTANTS, EXCEED REAL ESTATE, ZenBlox, Biconomy, Top domestic and international Web3 and AI companies, such as Revolution, Elven, IOST, Audace Labs, Even Realities, Bossjob, VOOX Labs, Krako, and Popsocial, have decided to sponsor one after another. Major Japanese companies are also exhibiting, and large-scale network formation for the development of the Web3 and AI markets is expected. Sponsor company details: https://web3.teamz.co.jp/teamz-web3-summit-2025-shutten-sha List of confirmed speakers Celebrities and industry leaders in the Web3 and AI fields will be on stage one after another at TEAMZ Summit 2025! Japanese Government Officials & Industry Representatives Tamaki Yuichiro (Democratic Party President, Member of the Japanese House of Representatives) Kawasaki Hideto (Liberal Democratic Party Minister of Internal Affairs and Communications Parliamentary Vice-Minister) Takuya Hirai (Liberal Democratic Party Digital Society Promotion Division Director) Hashita Toru (Former Governor of Osaka Prefecture, Mayor of Osaka City) Horie Takafumi (Businessman/ Horiemon) Misaki Yuta (Prince Aojiru/ Businessman) Domestic and international Web3 and AI industry leaders Yuzo Kano (CEO of bitFlyer) Genki Oda (SBI Holdings/Chairman of Japan Crypto Asset Dealers Association (JVCEA)) Watanabe Jun (Sony Block Solutions Labs Pte.Ltd. Consultations) Hirotaka Kunimitsu (Financie CEO) Otsuka Yusuke (Coincheck Executive Officer CBDO) Shin Niitsuma (Alibaba Cloud Japan Business Development Director) Sebastien Borget (co-founder of The Sandbox) Kensuke Amaha (CEO of Animoca Brands Japan) Justin Waldron (Open Game Protocol Co-founder & CEO) Emi Yoshikawa (former vice president of Ripple) Click here for a detailed speaker list: https://web3.teamz.co.jp/en/teamz-web3-summit-2025-supika Web3 Week (4/13-19) will be held! “Web3 Week” will be held from 4/13 to 19 to coincide with TEAMZ Summit 2025! Over the past week, companies and projects in Japan and overseas will hold their own side events, aiming to further expand the Web3 ecosystem. “We want to host our own event on Web3 Week!” If you are a company like that, please apply using the form below! Side event application form: https://forms.monday.com/forms/8402ee8522364385923eb7cf13974862?r=use1 For those who wish to exhibit Currently, we are only accepting applications for Platinum Sponsors (2 companies remaining) and Silver Sponsors (4 companies remaining)! Why don’t you miss this opportunity to exhibit at one of Japan’s largest Web3 & AI events and promote your company’s technology and products to industry participants around the world? Application Deadline: March 15, 2025 Applications/Inquirie Official site: https://web3.teamz.co.jp/ E-mail: info@teamz.co.jp Meeting:https://meetings.hubspot.com/tianyu?uuid=c313968f-982c-46ac-96e3-2815cb9a072c Let’s create the future of Web3 & AI together at TEAMZ Summit 2025!
The highly anticipated White House Crypto Summit flopped as retail investors, tired of Trump-related events, seemingly expected a market rally that didn’t happen. The White House Crypto Summit and the U.S. Strategic Bitcoin Reserve seem to have failed to meet retail investors’ high expectations, leaving them frustrated as U.S. President Donald Trump -related activities sparked no market rally, analysts say. https://twitter.com/Matrixport_EN/status/1899010242257859067/ In a March 10 post on X, analysts at Matrixport said retail investors aren’t showing much interest, with perpetual futures funding rates staying low in single digits. The current sentiment demonstrates “start contrast” compared to the high rates seen in April and December 2024, they added. “Even the momentum surrounding Trump’s inauguration was relatively muted-a clear signal that Bitcoin’s next leg higher will require a more significant catalyst.” Markus Thielen, independent analyst You might also like: Trump-backed World Liberty Financial’s portfolio down $110M in unrealized losses Bybit’s analytics report done with Block Scholes also noted that while spot prices of certain cryptocurrencies went up after Trump’s announcement of a crypto strategic reserve, funding rates have stayed stable and haven’t reached extreme levels, clearly signaling that the market “needs a stronger boost than Trump’s Crypto strategic reserve.” As crypto.news pointed out earlier, there was a risk that Bitcoin ( BTC ) and other cryptocurrencies could drop after the summit, as the event might follow the common “buy the rumor, sell the news” strategy. In this approach, speculators typically buy an asset leading up to a big event and then sell once it happens. A good example of this was Donald Trump’s 2024 U.S. presidential victory, when cryptocurrencies surged but then lost those gains after his inauguration in January. Similarly, Ethereum’s ( ETH ) price rose ahead of spot exchange-traded fund approvals in September last year, only to drop afterward. Read more: Trump spouts false economic claims ahead of crypto summit
Bitcoin’s recent plunge has sparked analysis using advanced statistical models, revealing a potential price range between $51,430 and $713,000 by 2025. Despite the prevailing “extreme fear” in the market, projections
Bitcoin is trading at a market price of $82,478, witnessing a 3.46% drop in the past 24 hours.…
The post Dogecoin Big Move Incoming? Whale Adds 1.7 Billion DOGE appeared first on Coinpedia Fintech News Amid ongoing market uncertainty, the largest Dogecoin (DOGE) whale has begun showing interest and making a big move. On March 10, 2024, a prominent crypto analyst shared a post on X (formerly Twitter), revealing that the largest DOGE whale has accumulated a significant 1.7 billion meme coins over the past three days. Dogecoin Whale Eyes on Big Rally This substantial accumulation by the largest whale was observed when the price of DOGE had fallen significantly, reaching a crucial support level. It also appears that a big move is on the verge of occurring. Following this massive accumulation, the meme coin has once again regained its crucial level and is showing signs of a further price jump. Current Price Momentum DOGE is currently trading near $0.174 and has recorded an 8% price drop in the past 24 hours. During the same period, its trading volume surged by 150%, indicating increased participation from traders and investors as the price reached a crucial support level. Dogecoin (DOGE) Technical Analysis and Upcoming Levels According to expert technical analysis, DOGE remains in a bullish condition and is near the crucial $0.18 level, which has a history of strong price reversals. Based on recent price action and historical patterns, if the meme coin holds this $0.18 level, there is a strong possibility that it could soar by 36% to reach $0.24 in the coming days. Source: Trading View Despite the ongoing price recovery, DOGE’s Relative Strength Index (RSI) remains low at 33, indicating that the asset lacks the strength to surge. However, if sentiment improves and accumulation continues, its strength could recover soon. $63 Million Worth of DOGE Outflow Besides the massive accumulation by the largest whale, data from Coinglass reveals that investors and long-term holders have moved $63 million worth of DOGE from exchanges in the past 24 hours, indicating potential accumulation. Source: Coinglass When accumulation and outflows from exchanges begin to occur, it potentially signals a price increase rather than a decline.
David Bailey, CEO of BTC Inc. and one of the attendees of the Trump Administration’s crypto summit, stated that there should be a path for paying for the proposed “gold card” with bitcoin. This would allow the country to add to its recently formed strategic Bitcoin reserve without using taxpayers’ funds. Bitcoin for a Gold
A consortium of investors led by billionaire Elon Musk has launched an audacious bid to buy the Ethereum network and rebrand it as Xthereum. The deal, rumored to be worth $100B, values Ethereum at less than a third of its current market cap. But Musk claims that the offer represents a “good deal” for Ethereum, which he believes to be significantly overvalued. The proposal submitted to the Ethereum Foundation would see Musk’s private investment group assume overall control over the Ethereum network, including majority voting rights. This would grant them the ability to unilaterally update the Ethereum protocol and to adjust ETH issuance and staking parameters. Musk Moves on Non-Profits The bid tabled for Ethereum follows a similar proposal that was filed last week for OpenAI. Musk wishes to compel the artificial intelligence unicorn to adhere to its original mandate to operate as a non-profit. Analysts have noted a number of similarities between the two mooted acquisitions. “OpenAI is the world’s most valuable non-profit,” said financial expert Trent Hunter, “And for its bagholders, ETH is the world’s largest non-profit. If Musk is looking to scoop up distressed assets, he s hould look no further than Ethereum.” While the Musk consortium is remaining tight-lipped about their stewardship of Ethereum, should the deal be approved, rumors have been swirling. Insiders believe Musk may be interested in converting ETH into a stablecoin, allowing its network to be used for simple payments. There is also talk of Musk applying his Department of Government Efficiency blueprint to Ethereum, slashing the number of network validators to double figures. While ETH stakers have expressed concern at this possibility, as Trent Hunter points out, “It would still leave Ethereum more decentralized than EOS.” “Ethereum Is Not for Sale” In protest at the Musk-led takeover bid, Ethereum validators have protested by validating blocks encoded with the message “Ethereum is not for sale.” When contacted for comment, meanwhile, Ethereum founder Vitalik Buterin promised to provide a detailed response. True to his word, within hours he published a 6,000-word blog post titled “Applying Plurality Philosophy to Quadratic Arithmetic.” The Ethereum Foundation is reported to have rebuffed Musk’s bid, insisting that it does not have the authority to greenlight such a deal. In return, Musk fired off a dozen tweets in quick succession, demanding to know who was in charge of the network and threatening to cut off all USAID funding to the Ethereum Foundation. Ethereum rallied on the news of Musk’s takeover bid, climbing by 1%, leaving ETH’s 12-month chart just 48% down on Bitcoin.