As Ethereum whales accumulate more ETH ahead of the Pectra upgrade, its price remains range-bound. Meanwhile, Tether ventures into the media industry, and BlockDAG advances its tech game.
Ethereum Whales Gear Up for Pectra Upgrade
Ethereum whales have increased their purchases in anticipation of the Pectra mainnet upgrade set for April 30. Lookonchain data indicates significant acquisitions, including a purchase of over $103 million in ETH. Exchange reserves have also dropped by nearly one million ETH since early March, suggesting increased accumulation. Despite this, ETH’s price remains volatile, with potential declines to $1800 or even $1200 if a bearish pattern develops. Key levels to watch are $2069 and $1800.
Tether Steps Outside the Crypto Sphere
Tether has secured a 30.4% stake in the Italian media company Be Water for $10.8 million. With CEO Paolo Ardoino joining Be Water’s board, Tether aims to impact storytelling and content dissemination across platforms. Analysts see this move as part of Tether's strategy to integrate traditional sectors and extend its influence.
How BlockDAG is Changing the Game in Layer-1 Tech
BlockDAG attracted attention by raising $210 million in its presale. This platform, focused on scalability, security, and decentralization, presented a modern architecture supporting up to 2000 transactions per second with plans to expand to 15000 TPS within two years. Security is ensured through rigorous smart contract audits and the use of multi-party computation to protect the treasury. Supported by over 800,000 miners, BlockDAG offers no-code token creation tools without relying on external solutions.
While innovations from Ethereum and Tether offer promise, they face uncertainties on an unstable market. BlockDAG stands out, showing significant advances in foundational infrastructure and attracting wide support.
