The latest developments in Bitcoin, Crypto, and DeFi...

👇1-10) Ethereum developers have announced plans to roll out the Pectra upgrade in March 2025, focusing on introducing account abstraction, among other enhancements.

Set for early to mid-March 2025, following extensive testing on Ethereum's test networks, Sepolia and Holesky, scheduled for February 2025. This upgrade will allow Externally Owned Accounts (EOAs) to execute smart contract codes, turning them into smart contract accounts during transactions.

This means users can benefit from features like transaction batching, gas fee sponsorship, and more without needing to manage traditional wallets. EIP-7702: Specifically designed to enhance wallet functionality, allowing wallets to act like smart contracts.

This could lead to more versatile crypto wallets, where users might pay gas fees in tokens other than ETH, like USDC or DAI, and third-party services could sponsor transaction fees.

👇2-10) Tether has recently announced the launch of USDT0, a significant development aimed at enhancing the interoperability of its USDT stablecoin across different blockchain networks.

USDT0 leverages LayerZero's Omnichain Fungible Token (OFT) standard, facilitating secure and seamless asset transfers across multiple blockchains without needing separate liquidity pools or traditional bridging solutions.

The system involves locking USDT on the Ethereum mainnet, after which equivalent USDT0 tokens are minted on the target chain, ensuring a secure and transparent process for cross-chain transfers.

With the MiCA regulation affecting Tether's operations in the EU, USDT0 is an innovative response to regulatory challenges, focusing on global interoperability.

👇3-10) https://mail.10xresearch.co/p/the-latest-developments-in-bitcoin-crypto-and-defi