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Here’s what happened in crypto today

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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in Crypto, Ethereum developers have activated the network’s Pectra upgrade, bringing smart accounts, higher staking limits and improved scalability through key Ethereum improvement proposals (EIPs), US Democrats have launched a new assault targeting President Donald Trump’s involvement in various memecoin and crypto ventures, and New Hampshire has greenlit state crypto investments.

Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean?

Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main EIPs included are EIP-7702, EIP-7251 and EIP-7691.

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