The Ethereum Pectra upgrade encountered unexpected issues on the Holesky testnet, as Tether invests in MANSA to enhance cross-border payments, while BlockDAG is set to list on 10 exchanges.
Issues with Ethereum Pectra Upgrade
The Ethereum Pectra upgrade launched on the Holesky testnet but could not finalize successfully due to unforeseen technical issues. This upgrade includes 11 key proposals such as EIP-7702 for improved wallet functionality and EIP-7251 for increasing the staking cap. While developers are working on fixes, the Sepolia testnet will be next to test the upgrade in March.
Funding MANSA for Global Payments
Tether funds MANSA Finance, a key liquidity provider in cross-border payments, participating in a $10 million funding round. Tether contributed $3 million, improving transaction speed and accessibility across Africa, Asia, and Latin America. Operating on Ethereum's Layer-2 network, MANSA allows fintech companies to utilize diverse collateral for loans. This move highlights Tether's efforts to enhance global payment systems.
BlockDAG Prepares for Exchange Listings
BlockDAG (BDAG) is poised to list on 10 centralized exchanges, potentially increasing its liquidity and visibility significantly. Currently priced at $0.0248, BDAG has raised $200.5 million during its presale period. This move is expected to strengthen BDAG's market presence, attracting more participants and potentially reaching a $20 price target by 2027.
Ongoing developments in the crypto world continue to capture attention. Ethereum Pectra, Tether, and BlockDAG highlight the importance of innovation and its impact on the industry's growth.
