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- 3/5/25: Ethereum's Big Upgrade Is Near ⚙️🤠🇲🇽
3/5/25: Ethereum's Big Upgrade Is Near ⚙️🤠🇲🇽
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Top News
Ethereum developers activate Pectra on Sepolia testnet
Texas Senate set to vote on Strategic Bitcoin Reserve bill today
Mexican billionaire Ricardo Salinas increases BTC allocation to 70%

Specs’ Insights
1. Ethereum developers active Pectra on Sepolia testnet
JUST IN: $ETH developers have activated the Pectra update on the Sepolia test network, the final step before mainnet deployment.
— Whale Insider (@WhaleInsider)
8:19 AM • Mar 5, 2025
⌐◪-◪ → Ethereum is about to get an upgrade.
Ethereum’s Pectra upgrade just hit the Sepolia testnet—marking the last major test phase before mainnet launch. This upgrade is all about scalability, security, and usability, bringing key changes like better wallet UX and account abstraction (EIP-7702), increasing the validator stake cap from 32 to 2,048 ETH (EIP-7251), and boosting rollup scalability by increasing max blob count (EIP-7691).
The original plan was mid-March, but now we’re looking at sometime next month. The Holesky testnet had some early issues with incorrect deposit contracts delaying finality. Sepolia did better, but still ran into some hiccups—empty blocks due to a problem with a custom deposit contract.
While the timeline remains shakey, Ethereum keeps marching forward!
2. Texas Senate set to vote on Strategic Bitcoin Reserve bill today
JUST IN: 🇺🇸 Texas Strategic Bitcoin Reserve bill has been placed on ‘notice of intent’ for today.
— Bitcoin Magazine (@BitcoinMagazine)
1:06 PM • Mar 5, 2025
⌐◪-◪ → The Lone Star State loves Bitcoin!
Texas is about to make history. The state Senate is set to vote on Senate Bill 21, aka the Strategic Bitcoin Reserve Bill, which—if passed—would make Texas the first U.S. state to hold Bitcoin on its balance sheet.
The bill has already cleared the Senate Business and Commerce Committee and is now awaiting a final vote. If it passes, Texas officially cements itself as the most pro-Bitcoin state in the country.
The Bitcoin prophecy is unfolding exactly as predicted—first corporations, then banks, then states, then nations. The real question is: Which state will be the first to actually make this happen?
There should be a Polymarket for this — retweet to make it happen.
3. Mexican billionaire Ricardo Salinas increases BTC allocation to 70%
JUST IN: 🇲🇽 Mexican Billionaire Ricardo Salinas, with a net worth of $5.8 billion, allocates 70% of his portfolio to Bitcoin.
— Watcher.Guru (@WatcherGuru)
1:50 PM • Mar 4, 2025
⌐◪-◪ → Bitcoin is the hardest asset in the world.
Mexican billionaire Ricardo Salinas just went all-in on Bitcoin—now holding 70% of his portfolio in BTC-related assets, a staggering $4 billion position.
Back in 2020, his Bitcoin exposure was only 10%. Fast forward to today, and his conviction is undeniable. No bonds, no traditional stocks—just Bitcoin and gold, with the latter making up the remaining 30%.
Salinas calls Bitcoin the "hardest asset in the world" and advises long-term holding. Seeing someone at his level allocate this aggressively is insane—but it’s also exactly how conviction trickles down.
When billionaires move, the world follows. The risk of NOT investing in Bitcoin is now greater than the risk of investing.
Remember Speccies, everybody gets Bitcoin at the price they deserve.

Everything Else
⛓️ Crypto & DeFi
Animoca shifts focus from Web3 to advisory services
Ethereum devs activate Pectra upgrade on Sepolia testnet
Pump.fun trading volume drops 94% as memecoin mania fades
Alexis Ohanian joins bid to acquire TikTok, plans onchain integration
Old Bitcoin wallets move $22M after 14 years
Aave proposal boosts token price 8%
MegaETH set to deploy testnet this week
Memecoins crash 56% since December peak
🏦 Wall Street & VC
BlackRock Bitcoin ETF sees highest volume in 3 months
BlackRock highlights there’s not enough BTC for millionaires
Fidelity buys 10,070 ETH for $21.7M
Ark Invest buys $8M of Coinbase shares, sells Bitcoin ETF
Across Protocol raises $41M led by Paradigm
Solana backer raises $600M for new fund
Infrared raises $16M for Berachain staking
Blockstream secures multi-billion investment for 3 new funds
Deribit to use Sygnum custody services
MARA reports lower BTC production in February
Mining companies suffer as Bitcoin price dips
CoreWeave shifts from Ethereum mining to AI, plans $4B IPO
🏛️ Legal & Regulatory
Trump backs bill to repeal IRS crypto tax rule
Bybit CEO says 20% of stolen funds have gone dark
SEC drops lawsuit against Cumberland DRW
IRS crypto rule repeal clears Senate hurdle
Bitwise CIO calls Trump’s crypto reserve “bullish”
US Treasury sanctions 49 Bitcoin and Monero addresses
David Sacks divested from crypto firm amid controversy
Trump signs bill to overturn IRS crypto tax rule
Texas Senate to vote on Bitcoin reserve bill
IRS drafts plan to cut up to 45,000 workers from staff
White House Crypto Summit finalizes confirmed list of attendees
🌎 Rest Of The World
Crypto fraud leads to charges in Australia
Mexican billionaire says 70% of his holdings are in Bitcoin
Metaplanet adds another $43.9M in Bitcoin
IMF imposes Bitcoin rules on El Salvador’s loan
Bukele vows El Salvador will continue buying BTC despite IMF deal
Circle to launch USDC in Japan
Bank of Israel unveils digital shekel design
Thai police raid five crypto firms, arrest 11 people
Taurus expands to Turkey with BankPozitif
