According to a recent announcement by Ethereum educator Anthony Sassano, Ethereum developers have confirmed a list of Ethereum Improvement Proposals (EIPs) that will be integrated into the Pectra update. Known Eips include EIP-7702, Eip-7594 (PeerDAS), and Eip-7251 (MaxEB).

Proposed by the #TopCoinsJune2024 development team, including Ethereum co-founder Vitalik Buterin, EIP-7702 will allow addresses to act as #smart contracts during transactions.
EIP-7702 replaces eip-3074, an enhancement of which was previously proposed by developers. EIP-7702 is expected to eliminate potential risks because it has the same benefits as eip-3074.
At the same time, eip-7594, or PeerDAS, aims to improve the scalability of the package. An important aspect of this offering is the optimization of Layer 2 (L2) solutions such as Base and Arbitrum. This is expected to increase the speed of transaction processing in L2.
In addition, Eip-7251, or MaxEB, allows validators to bid up to 2048ETH. This is well above the current limit of 32 #ETH .
The update also includes eip-2537 and EIP-7549 related to eof, which aim to improve encryption efficiency.
Pectoras is currently considering including a historical expiration date," Sassano added.
Sassano expects Ethereum's Pectra to launch in the first quarter of 2025. This coincides with the recently announced deadline announced by Ethereum developers. This update follows the Dencun update that was successfully rolled out this month.
According to Sassano, Pectra will be a major milestone in Ethereum's development roadmap.
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UBS is testing a blockchain-based payment system

In an effort to improve the efficiency of cross-border transactions, multinational financial services company UBS has completed a trial of its blockchain-based payment system UBS Digital Cash.
The Zurich-based bank said in a Nov. 7 press release that the trial, which involved international banks and customers, involved cross-border transactions in Chinese yuan, euros, Swiss francs and U. S. dollars in addition to domestic payments in Switzerland.
technology uses a private #blockchain network known as UBD Digital Cash and is only available to authorized customers.
#smart contracts are used to settle transactions, which are automatically triggered when certain conditions are met. Andy Kolleger, Head of Institutional and Multinational Banking, UBS: Blockchain-based payment solutions for cross-border payments are a strategic focus for UBS.
collaboration between UBS Digital Cash and other digital cash projects is key for the financial industry, said Xiaonan Zhu, Head of #Digital Assets at UBS. According to the bank, the initiative will expand UBS's participation in various market initiatives.
These include Agorá, led by the Bank for International Settlements, and Helvetia, led by the Swiss National Bank, which involves the actual wholesale sale of the central bank's digital currencies in Swiss francs.
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JP Morgan Chase CEO Jamie Dimon, as expected, continues to take a sharply critical stance towards bitcoin.

In particular, he has reiterated his view that the cryptocurrency is inherently fraudulent. In an interview with Bloomberg news agency published on Wednesday, Dimon said:
"I've always said that #cryptocurrencies like #bitcoin are fraudulent.
When asked if there is hope for bitcoin or cryptocurrencies in general, Dimon was unequivocal:
"If people think it's a currency, there's no hope. It's a Ponzi scheme.
Nonetheless, Dimon recognizes the potential value of some applications of #blockchain technology and cryptocurrencies, such as in the case of #smart contracts.
According to the businessman, cryptocurrencies are valuable if they serve a specific purpose, such as managing smart contracts. In such cases, he acknowledged, "blockchain works.
Despite criticism of bitcoin, JP Morgan is an authorized participant in the BlackRock Spot Bitcoin Exchange Traded Fund (ETF).
Dimon emphasized that while he is not a proponent of bitcoin investment, he does not intend to impose his views on others.
Jamie Dimon has long criticized cryptocurrencies, stating that bitcoin is not only fraudulent, but is often used for illegal activities such as human trafficking, tax evasion, money laundering and terrorist financing.
During a Senate hearing, he even stated that if he were the government, he would shut down cryptocurrencies.
Despite his skepticism, Mr. Dimon acknowledges that some JP Morgan clients are interested in cryptocurrencies and supports their right to invest.
A group of Swiss bitcoin supporters, led by Yves Ben-Naim, recently initiated a referendum to amend the Swiss Constitution by proposing that the Swiss National Bank (SNB) include bitcoin alongside gold in its currency reserves.
The initiative seeks to change the article that currently requires the SNB to hold a portion of its currency reserves in gold and add the words "and bitcoin.

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Details on the planned Pectra update for Ethereum.

September 13, Christine Kim, a researcher at #Galaxy Digital, explained on Site X that
the next Pectra update for #Ethereum will likely be split into two phases, with the first scheduled for early 2025
the next Pectra update for Ethereum will likely be split into two phases due to its complexity.
the network developers plan for the first phase to appear as early as February 2025. It is expected that the developers will make a final decision on splitting the update into parts at their next meeting.
the next Pectra update for Ethereum, which is expected to be one of the most important updates to the network, may be split into two hard forks due to its complexity.
This was announced on September 12 by Tim Beyko, head of protocol support at the Ethereum Foundation.
September 13, Christine Kim, a researcher at Galaxy Digital, explained on Site X that this decision is due to the large number of updates planned for Pectra. These updates could include more than 20 Ethereum Improvement Proposals (EIPs), with another six updates under consideration.
Kim noted that the first phase of updates could be launched as early as February next year, with the second phase in the second half of the year.
The first phase will include all elements of devnet 3, including the long-awaited EIP 7702 backed by Vitalik Buterin. This EIP aims to allow Externally Owned Accounts (EOAs) to act as wallets for #smart contracts, improving security and user experience during transactions. Other Phase 1 updates include EIP 7251 and EIP 6110, which aim to enable on-chain escrow of validators.
Phase 2 will focus on the implementation of Ethereum Virtual Machine (EVM) Object Format (EOF) and PeerDAS. EOF is a container system for optimizing EVM code and is an important step forward for Ethereum.

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Ahmed was reportedly accused of hacking into two decentralized exchanges (DEX) and convicted of hacking smart contracts for the first time ever. The former software engineer was also ordered to forfeit his digital assets along with his funds. In a statement, the U.S. Department of Justice said that Shakib Ahmed must also pay about $5 million to Nirvana and the unnamed DEX exchange.

Shakib Ahmed was initially accused of exploiting a vulnerability in the decentralized exchange's #smart contracts. He allegedly used false pricing data to inflate his commissions by more than $9 million. He then converted the commissions into #cryptocurrency and withdrew it. DEX was then able to contact him and he agreed to return $1.5 million USD if he did not contact the police.
A few weeks after the first hack, Ahmed carried out another attack on another DEX Nirvana Finance. He exploited a vulnerability in the platform's smart contracts, which allowed him to purchase tokens at a price below their original value. He then immediately resold the tokens to the platform at their original value; Nirvana contacted him and offered a $600,000 reward for fixing the bug, but he demanded $1.4 million. The parties were unable to reach an agreement, and he kept all the funds for himself.
After taking action, Ahmed attempted to cover his tracks using several methods, including transferring tokens from the #Solana #blockchain to #BTC . As a result, he converted the stolen funds into Monero tokens. However, despite the numerous steps he took to disguise his actions, he was arrested by law enforcement in July 2023.
In handing down the sentence, federal prosecutor Damian Williams noted the decision to send the criminal to prison. Today, Shakib Ahmed was sentenced to prison for the first ever case of smart contract hacking and ordered to forfeit all stolen cryptocurrency. Regardless of the novelty and complexity of the hack, our office and our law enforcement partners intend to trace the funds and bring the hacker to justice," he said.
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Adebayo likes to follow interesting blockchain projects. He is an experienced writer who has written numerous articles on cryptocurrencies and blockchain.
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Bankroll Status lost $230,000 in a DeFi hack traced to DualPools.

The hack follows a pattern seen in previous DualPools attacks.
This incident comes days after BingX lost $52 million in a similar hack.
Bankroll Status, DeFi's app for the #BNB network, recently lost $230,000 in a hacker attack. Cyvers, a cybersecurity company, linked the attack to the hacker group DualPools, which had previously attacked #DeFi .
The attack was linked to a malicious smart contract launched three months earlier. It resembled the previous DualPools model.
the suspicious transactions were detected by the Cyvers system, which had been tracking the hacker group for some time. The group was reportedly attacking the DeFi protocol and injecting malicious #smart contracts.
This comes just days after another major cyberattack on BingX, in which more than $52 million was stolen.
Similar attacks are occurring frequently, highlighting the need to strengthen security in the DeFi sector. The investigation into the exact mechanism of the hack is ongoing, and Shivers has warned other platforms to beef up their defenses.
the hacker group DualPools has become more active and poses a threat in the DeFi space. Their modus operandi is to use malicious contracts to hack and steal from other platforms and users.
These attacks are slow and calculated, making it difficult for platforms to detect the hack. The hack can only be detected after significant damage has been done.
Savers said the smart contracts used in the hack were created 90 days ago. The same group of hackers is still focused on the DeFi project, and the attack is still traveling through multiple protocols.
Exactly what holes were used to penetrate Bankroll Status' system is not yet known. However, the cybersecurity service is working to identify other possible weaknesses.

It was initially thought that $26 million was lost in the attack, but more wallets were discovered.

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The Uniswap Foundation recently announced a bold plan to overhaul its governance model. The plan is to encourage active participation by UNI token holders by offering rewards for posting and delegating tokens. The initiative aims to improve the protocol's reward system and increase engagement and sustainable growth. By introducing new smart contracts and improving the reward collection and distribution system, the proposal has received widespread community support. After the announcement, the cryptocurrency community reacted positively and the value of UNI jumped by 60%.
The essence of the proposal is to improve the governance process by incentivizing #UNI token holders to become more involved. This strategy includes adjusting reward mechanisms and incentivizing a more active and responsible representative network. This approach is seen as critical to the continued success and expansion of the protocol. #Uniswap stated that "this enhancement is for the benefit of those who invest and delegate UNI tokens... ". It emphasized that. A decentralized, robust and active governance system is essential for the future prosperity of the protocol. We are confident that the changes will strengthen Uniswap's governance.
The Foundation is committed to ensuring that Uniswap remains a key player in internet liquidity by developing a governance model that is sustainable in the long term. Efforts to increase participation in governance, such as the delegate race and upcoming GovSwap events, are already having a positive impact. However, the problem of non-participation remains, which underscores the importance of this new governance initiative. The technical basis of this proposal is the creation of two new #smart contracts that can be easily integrated into Uniswap's existing blockchain-based system. These contracts are designed to collect and distribute rewards directly to active UNI holders, maintaining control over key aspects of the protocol and encouraging meaningful participation.
The timetable for the proposal calls for a snapshot vote on March 1 and a #blockchain vote on March 8. Just prior to the vote, UNI's price rose 60%, from $7.36 to $12.53. " The price of UNI rose 60% following a proposal to introduce a reward system for those who distribute and delegate tokens. It's not the first such proposal, but this attempt by Erin Cohen, head of Gov fund Uniswap, has resonated," said #DeFi analyst Ignas.
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Highlights. DBS Bank has launched a token service that combines blockchain, tokenization and smart contracts for real-time payments.

DBS #Token Service includes treasury tokens, conditional payments and programmable rewards.
DBS Bank, Singapore's largest bank, is advancing its cryptocurrency strategy with the launch of Token Service, a blockchain-based service package that includes #tokenization and #smart contracts.
After years of collaboration and experimentation in digital money, banking services are finally getting their due.
The DBS token service platform uses the bank's Ethereum virtual machine #blockchain , which is compatible with the permission blockchain; through integration with the DBS core payment engine and numerous industry payment infrastructures, the bank can provide 24/7 real-time payments. can offer real-time payments.
The DBS token service currently includes treasury tokens, conditional payments and programmable rewards. This shows that traditional financial institutions can provide a better experience for their customers by utilizing the latest technology. It simplifies the payment process and creates more business opportunities through more secure, transparent and efficient transaction management.
In addition to the launch of the DBS tokenization service, the bank has launched several other blockchain initiatives this year. On August 22, the bank announced a blockchain-based government grants pilot program aimed at improving governance and reducing manual cash handling.
On August 13, DBS launched a blockchain-based Treasury token pilot program to demonstrate the blockchain's ability to be EVM compliant and handle approvals.
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XRP Ledger has introduced automated market makers to revolutionize liquidity and trading in the DeFi ecosystem.

AMM replaced manual market-making with automated trading and liquidity provision.
AMM opened the door for innovative #DeFi applications built on XRPL.
XRP #Ledger (XRPL) has taken an important step towards creating a more robust and user-friendly DeFi ecosystem with the recent integration of Automated Market Makers (AMM). This new feature opens up a new paradigm for liquidity and trading on the network, offering exciting opportunities for both developers and users.
Previously, the decentralized exchange XRPL (DEX) relied solely on manual market making and a central limit #order book for liquidity. The new AMM integration acts as an embedded feature of XRPL DEX, facilitating automated trading and liquidity provision without the need for a traditional order book.
With this innovation, a liquidity pool of asset pairs is formed and prices are determined algorithmically based on the ratio of assets in the pool. This model is particularly beneficial for trading pairs with low trading volumes, providing constant liquidity and price stability.
In addition to the basic functionality, XRPL AMM has a number of unique features:
"Native" protocol: unlike other blockchains, XRPL AMM does not require developers to create separate #smart contracts, reducing associated risks and simplifying the development process.
Aggregated liquidity: the liquidity of all trading pairs is aggregated at the protocol level, preventing fragmentation between individual smart contracts.
Continuous auction mechanism: this mechanism allows arbitrageurs to bid at a discount to price divergence, facilitating immediate arbitrage and maintaining stable volatility.
One-way liquidity provisioning: users can contribute funds to the pool using only one asset, which simplifies the liquidity provisioning process.

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Citi Bank is considering tokenizing its private equity funds on Avalanche's (AVAX) Tier 1 Spruce subnetwork to change the architecture of the capital markets.

According to a press release, Citi has partnered with traditional finance giants WisdomTree and Wellington Management to conduct a pilot test on Avalanche's Spruce network. Spruce is an Evergreen sub-network designed for large financial institutions looking to leverage public #blockchain infrastructure.
Citi's participation in this subnet is the latest attempt by Wall Street giants to delve deeper into the use of blockchain. T. TradFi companies such as Rowe Price and WisdomTree Rowe Price, WisdomTree and Wellington Management, TradFi companies such as Cumberland joined the subnet last April to make trade execution and settlement more efficient.
Citi's new endeavors include end-to-end #tokenization, secondary transfers to secure transactions, and proof of new capabilities with collateralized financing.
According to the press release, the bank's proof of concept demonstrated that #smart contracts enable greater automation and have the potential to improve compliance and controls for investors and issuers.
Nisha Surendran, head of new solutions at Citi #Digital Assets, said, "We believe that by testing the tokenization of private assets, we are exploring the potential to create new operating models and efficiencies for the broader market.
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This growth is related to various types of transactions and demonstrates the diverse use of the blockchain. Among them, smart contracts accounted for 37%, reflecting the network's extensive functionality beyond simple transactions, and accounted for 38%.

In addition, 25% of these transactions involve metadata without the use of #smart contracts, highlighting the blockchain's adaptability and the wide range of applications it supports.
The fund's data also shows growth in several other key areas of the #Cardano network, highlighting advances in technology and deepening user engagement.
the number of Plutus scripts required to run smart contracts on Cardano increased by 1.88% to 6,659. This growth directly reflects increased developer activity and the deployment of more sophisticated applications on the platform.
In addition, the number of native tokens in the ecosystem increased by 1% to 1,020 million, and the number of policies increased even more significantly, rising 7.6% to 150,477.
Cardano chain statistics.
wallet statistics also show an increase in participation in the Cardano community. The total number of Cardano wallets increased by 0.71% to 4.84 million, while the number of delegated wallets increased by 0.02% to 1.35 million.
This slight increase in the number of delegated wallets indicates a steady interest in accumulation and participation in management among #ADA holders.
Despite a marked increase in activity within the Cardano network last month, proprietary ADA tokens have joined the global downturn in the cryptocurrency market. In the last 24 hours alone, the value of ADA has fallen by around 7.1%.
This drop has led to the asset currently trading at today's price of 0.3202 - a slight increase from the 0.2789 price tag seen earlier today.
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A smart contract is a program that is self-executing. It is stored on the blockchain network. The smart contract code contains the terms of the transaction, agreement or contract. Smart contracts are immutable and transparent, making them an ideal choice for decentralized applications. They are essentially programs that enforce the terms of a contract if certain conditions are met.

Why do we need to write and implement #smart contracts for dApps? #Decentralization , as the name implies, means there is no centralized authority or intermediary. Smart contracts are automated and do not require third-party intervention. Smart contracts allow trustless transactions, reduce the risk of fraud and make many steps more efficient. Therefore, smart contracts are a great choice for dApps.
developers typically choose a variety of IDEs to develop and test their smart contracts. However, below are some of the most preferred ones:
Remix: Remix is an online IDE designed specifically for Solidity smart contracts, with a highly interactive interface and robust debugging tools; using Remix requires no configuration. Just log in and start coding.
VS Code: Vs Code is a timeless IDE used by all developers. It is compatible with a wide range of languages and also provides extensions for Solidity. Let's take a look at some of them that support smart contracts.
Truffle: This is a framework that provides a set of tools for developing, compiling, linking, and deploying smart contracts.
Hardhat: Hardhat is a popular choice among developers because of its flexibility and extensibility. It also has built-in task launcher and network management features, and can be extended with plug-ins.
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