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Ethereum’s Pectra Upgrade Sparks Uncertain Outlook Amid Trader's $68 Million Short Position

Summary by Bitcoin Ethereum News
The post Ethereum’s Pectra Upgrade Sparks Uncertain Outlook Amid Trader’s $68 Million Short Position appeared on BitcoinEthereumNews.com. Amid a tumultuous week for Ethereum, a savvy trader capitalized on market volatility, amassing nearly $68 million through a strategic short position on Ether. This high-stakes maneuver unfolded as Ether’s price plummeted nearly 11% due to concerns surrounding global trade and a significant security breach at B…
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The upcoming update of Ethereum Blockchain, named ‘Pectra’, faces considerable challenges after technical problems in Holesky and Sepolia Testnets has raised doubts about the timely introduction of maize in April. These difficulties may have contributed to the fact that the Ethereum course in recent days compared to other cryptocurrencies: [...] The post Update Risks for Ether’s course? was first published in La Cryptocurrency.

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CryptoPanic broke the news in on Wednesday, March 5, 2025.
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