Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ethereum’s pectra upgrade prompts temporary pause from Binance and Coinbase
By: cryptosheadlines|2025/05/07 18:00:07
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Top crypto exchanges Binance and Coinbase will temporarily pause Ethereum (ETH) deposits and withdrawals in preparation for the network’s upcoming pectra upgrade.Binance stated that ETH and tokens on Layer 2 networks like Arbitrum, Optimism, Base, Scroll, Worldcoin, and zkSync will be affected. The exchange pause starts at 09:45 (UTC).The exchange furthered that while trading will continue without interruption, users won’t be able to move funds in or out during the upgrade window. This action helps prevent potential issues from forks or network reorganization.Considering this, the exchange urged users planning to bridge or withdraw assets to act before the pause begins.Coinbase echoed the same approach, confirming that ETH transfers will be suspended as a precaution during the upgrade process.The Brian Armstrong-led exchange stated that new staking requests will be held until after 3:45 A.M. PT, though existing staked assets will remain untouched.Ethereum’s pectra upgradeThe Pectra upgrade represents a significant technical milestone for Ethereum. It combines proposals from the Prague and Electra upgrades to streamline the user experience and developer operations.Pectra integrates eight Ethereum Improvement Proposals (EIPs), with one significant change drawing attention.The notable proposal, EIP-7702, introduces account abstraction. This feature allows regular crypto wallets to behave like smart contracts. As a result, users may eventually be able to pay gas fees using tokens other than ETH.However, the road to this upgrade has not been smooth. Ethereum developers faced finalization issues on the Holesky testnet due to bugs linked to incorrect deposit contract addresses. These caused chain splits and instability.A separate issue on the Sepolia testnet, triggered by custom deposit contracts, also disrupted block processing.Due to these setbacks, the developers launched a new testnet called Hoodi to finalize tests.Following successful test runs, Ethereum core developers confirmed that the Pectra upgrade will go live later today, May 7.Despite the upgrade’s hype and anticipation, ETH’s price has barely moved. Data from CryptoSlate shows only a 1.5% rise over the past 24 hours, with the token trading at around $1,828 as of press time.Mentioned in this articleLatest Alpha Market ReportSource link
You may also like
Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine
Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.
Naval personally takes the stage: The historic collision between ordinary people and venture capital
Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...
a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins
Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.
Refutation of Yang Haipo's "The End of Cryptocurrency"
This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...
Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets
Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived
"I will deploy funds in 2026, so I will tell you this is the best year in history."
Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?
Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.
A VC from the Crypto world said AI is too crazy, and they are very conservative
Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.
The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall
The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.
Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market
Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.
Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?
Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.
Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC
Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.
Michael Saylor: Winter is Over – Is He Right? 5 Key Data Points (2026)
Michael Saylor tweeted yesterday “Winter‘s Over.” It is short. It is bold. And it has the crypto world talking.
But is he right? Or is this just another CEO pumping his bags?
Let us look at the data. Let us be neutral. Let us see if the ice has really melted.
WEEX Bubbles App Now Live Visualizes the Crypto Market at a Glance
WEEX Bubbles is a standalone app designed to help users quickly understand complex crypto market movements through an intuitive bubble visualization.
Polygon co-founder Sandeep: Writing after the chain bridge chain explosion
In three weeks, Drift, Hyperbridge, and KelpDAO were consecutively hacked, resulting in nearly $900 million in losses. Polygon's CEO wrote that the problem lies not with any single team, but with the "notary" style architecture shared by the entire industry—relying on one or two signers to stamp cro...
Major Upgrade on Web: 10+ Advanced Chart Styles for Deeper Market Insights
To deliver more powerful and professional analysis tools, WEEX has rolled out a major upgrade to its web trading charts—now supporting up to 14 advanced chart styles.
Morning Report | Aethir secures a $260 million enterprise contract with Axe Compute; New Fire Technology acquires Avenir Group's trading team; Polymarket's trading volume surpassed by Kalshi
Overview of Important Market Events on April 23
Why a Million-Follower Crypto KOL Chooses WEEX VIP?
Discover why top crypto KOL Carl Moon partnered with WEEX. Explore the WEEX VIP ecosystem, 1,000 BTC protection fund, and exclusive rewards for serious traders.
Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine
Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.
Naval personally takes the stage: The historic collision between ordinary people and venture capital
Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...
a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins
Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.
Refutation of Yang Haipo's "The End of Cryptocurrency"
This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...
Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets
Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived
"I will deploy funds in 2026, so I will tell you this is the best year in history."
App