The first week of April is over! And trust us, we definitely have something to discuss in this crypto news digest. We won’t focus on Donald Trump’s Tariffs, because the media sphere is already full of this discussion. This time we’ll highlight significant updates in the crypto and blockchain industry from Ethereum’s upgrade roadmap to emerging trends in mainstream finance and market sentiment.
Ethereum’s Pectra Update Postponed to May 7, 2025
Ethereum developers have announced a delay in the rollout of the highly anticipated Pectra update, now rescheduled for May 7, instead of April 30. The postponement is driven by the need for additional testing and refinements to ensure the update’s robustness.
Just to recall, Pectra is an upcoming upgrade to the Ethereum blockchain designed to enhance its efficiency, scalability, and overall performance. It aims to optimize transaction processing, lower fees, and improve data management while ensuring robust security.
This delay underscores the team’s commitment to delivering a stable and secure upgrade that will ultimately benefit the entire ecosystem.
Arthur Hayes Highlights a Critical Bitcoin Support Level
In a recent market commentary, BitMEX co-founder Arthur Hayes identified a critical support level for Bitcoin.
“Mrkt no likey “Liberation Day”, if $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don’t get chopped up!” – Arthur Hayes.
Hayes emphasized that reaching this level could signal a turning point in the current market correction, suggesting that if BTC holds above this threshold, it may be poised for a recovery.
His analysis has sparked widespread discussion among investors and analysts, reinforcing the importance of key technical levels in shaping market sentiment.
For context, on April 2, U.S. President Donald Trump announced new tariffs for trading partners. All countries will be subject to a minimum 10% tariff, which will take effect on April 5. During Trump’s speech, the market capitalization of the S&P 500 index decreased by more than $2 trillion in just 16 minutes, according to the Kobeissi Letter.
Fear and Greed Index Plummets Amid Global Recession Fears
In continuation of the previous news, let’s talk about the new decrease in the “Fear and Greed” index. Market sentiment has taken a hit, with the index dropping to 20 points, driven by growing concerns over a potential global recession.
The index, which gauges investor sentiment based on market volatility and macroeconomic indicators, reflects heightened uncertainty and risk aversion among investors. This stark decline serves as a reminder of the broader economic challenges that continue to impact the crypto market alongside traditional financial systems after Donald Trump’s new tariffs list.
PayPal Users Gain Access to Solana and Chainlink
But we had good news this week too! For instance, PayPal has expanded its service offerings to include access to Solana and Chainlink as a support step for the integration of digital assets. So now the platform users can buy, hold, and transfer these assets directly through the service.
This integration allows PayPal users to interact with these leading blockchain platforms directly from their accounts, opening up new avenues for DeFi and innovative digital asset management. The move is expected to boost adoption by making crypto more accessible to millions of mainstream users.
Conclusion
So, this week’s news showed even more exciting highlights: from technical upgrades and critical support levels to the integration of crypto into mainstream payment platforms and shifts in investor sentiment. As we see, each news shows new shifts in the crypto industry and digital finance sphere. Stay tuned not to miss the next crypto digest from the Evercode Lab team!
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