Your favorite underwater reporter is back with another set of events from the past week. He swam across the world in 7 days getting all the latest news from most reliable sources, diving into the deepest tranches and exploring the buzzling seafloor of the biggest riffs. Mr. Yabby did all of this to bring the hottest news to your screens. Let’s see what marked the last seven days and made ripples in our waters.
Pectra’s Upgrade Arrives at The End of April
Ethereum set a date for the well anticipated Pectra upgrade for April 30th of this year. It is said that the improvements will include the Ethereum network, user experience, scalability and efficiency.
These are the innovations we are expecting:
- Transactions without gas: This means that the users will be able to pay for transaction fees with other cryptocurrencies, besides Ethereum. This change should have a greater reach gathering a border user base.
- Smarter wallets: ETH wallets should have smart contract capabilities which should make it easier to communicate with decentralized apps. The change should also make wallets more user friendly and speed up the confirmation process.
- More Network Security and a Higher Staking Limit: The validator staking capacity should increase. This would mean that a higher number of people can join the network as validators. All in all, making it more decentralized and ensuring easier upkeep of the network.
The New ChatGPT Feature is Melting Their GPUs
ChatGPT has recently added a new feature to its arsenal. Users are now able to generate images through the AI chat. Simply type in what image you would like the app to generate, and you will get it within moments. The more descriptive you are the better the image will be. This has become very popular and has allowed people to explore their creativity but there’s a downside, at least for now. Sam Altman, the of CEO OpenAI said that it has been fascinating looking at what people’s imagination combined with AI can bring but that they have to put a limit on it as their GPUs are at heir limits. Users will be able to get 3 images per day to avoid the meltdown of their graphic cards. Ultimately this is good news as though situations like this breed innovation. Who knows, maybe this sparks a revolution in computer graphics. We’ll have to wait and see!
Trump’s Tariffs Threaten U.S. BTC Mining
The U.S. Bitcoin mining sector is in for a rough ride as China—still the top supplier of mining hardware—faces a 34% export duty starting April 5. The tariffs, part of a broader executive order targeting nations with tariffs on U.S. goods, have sparked concerns over rising costs and shrinking margins for American miners. Bitcoin fell over 3%, and crypto stocks like Coinbase and MicroStrategy took a hit. Industry leaders warn that while a mass exit isn’t likely, future expansion plans could slow down as miners reassess operating costs. Suppliers are now rushing to deliver hardware before the tariffs take hold, while major manufacturers like Bitmain and MicroBT look to shift production stateside. Now this all could be just part of the strategy as negotiations might be expected. There could be a request for China to do something in order to decrease the percentage of the imposed tariffs. This story is bound to have more than a few chapters.
With this we wrap up the latest news of the past 7 days! Hope you found some fun and helpful information in this week’s report. Let us know if you enjoyed it and if you would like to see any changes for next time! Stayed up to date with Yabby’s Weekly News!
