March

BNB Chain will hold the Pascal hard fork upgrade on March 20, supporting EIP-7702

ChainCatcher news, BNB Chain will undergo a mainnet Pascal hard fork on March 20, 2025, enhancing EVM compatibility and becoming one of the first public chains to adopt EIP-7702. This upgrade will introduce features such as Gas abstraction, EOA wallet smart contract capabilities, and batch transactions, providing users with a smoother experience and offering developers greater flexibility.Through the EIP-7702 proposal, BNB Chain will allow externally owned accounts (EOA) to temporarily possess smart contract functionalities during transactions while maintaining account security. This upgrade will significantly lower the barrier for users to enter Web3. For example, Gas fee abstraction allows users to complete on-chain interactions without holding the native token for gas fees in their accounts; at the same time, it enables dApps to sponsor gas fees for users and supports batch transactions, enhancing the on-chain experience for users.Previously, the Pascal hard fork was completed on the testnet. For the upcoming mainnet upgrade, before March 20, node operators and validators need to update to v1.5.7 (BSC) or v0.5.2/v0.5.6 (opBNB); exchanges and infrastructure providers must ensure compatibility before the hard fork, and developers need to test and update dApps to support the new transaction types.According to BNB Chain's 2025 technical roadmap, the community plans to conduct the Lorentz hard fork in April and implement the Maxwell hard fork upgrade in June, increasing block production speed to 0.75 seconds. Currently, this proposal is open for community feedback.

Traders expect the S&P 500 index to experience the largest volatility on a non-farm payroll day since the regional banking crisis in March 2023

ChainCatcher news, according to Jinshi reports, options traders expect the S&P 500 index to fluctuate by 1.3% this Friday, which will be the largest fluctuation on a non-farm payroll data release day since the regional bank crisis in March 2023. Citigroup data shows that the S&P 500 index is expected to have a two-way fluctuation of 1.4% on Wednesday, marking the highest implied volatility since the day after the U.S. presidential election on November 6, 2023.The increase in market volatility is mainly influenced by two factors: the uncertainty of the Trump administration's tariff policy and the upcoming non-farm payroll report. Trump recently warned of potential future economic fluctuations and defended his plan to significantly raise tariffs, but U.S. Secretary of Commerce Gina Raimondo indicated that Trump is considering some tariff relief measures, which has slightly eased market sentiment.The Chicago Board Options Exchange Volatility Index (VIX) is currently at its highest level since December of last year, breaking through the 20-point mark. Economists expect that U.S. employment will increase by 160,000 in February, the unemployment rate will remain at 4%, and average hourly earnings will rise by 4.1% year-on-year. UBS equity derivatives strategist Grinkov stated, "Macroeconomic factors are becoming more important; this is a higher volatility environment."
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