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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

  1. Ethereum developers activate Pectra on Sepolia testnet

  2. Texas Senate set to vote on Strategic Bitcoin Reserve bill today

  3. Mexican billionaire Ricardo Salinas increases BTC allocation to 70%

Specs’ Insights

1. Ethereum developers active Pectra on Sepolia testnet

⌐◪-◪ → 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

⌐◪-◪ → 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%

⌐◪-◪ → 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

🏦 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

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