– Ethereum developers discussed the Dencun upgrade’s activation on the Goerli testnet in their All Core Developers Execution Call.- Developers confirmed the timeline for the Dencun upgrade’s rollout on Sepolia and Holesky testnets.- Ethereum Dencun upgrade is likely to see its mainnet release in March, despite a lack of Layer 2 readiness.Ethereum core developers are committed to the Dencun upgrade’s testnet timelines.Despite the issues that arose on the Goerli testnet, the timeline has remained unchanged for Sepolia and Holesky testnet release of the upgrade.Core developers picked 30 January for Sepolia and 7 February for Holesky rollout of the Dencun upgrade.Also read: [Lido DAO Community Staking Module to make mainnet debut in the second half of 2024](https://www.fxstreet.com/cryptocurrencies/news/lido-dao-community-staking-module-to-make-mainnet-debut-in-the-second-half-of-2024-202401191346) Ethereum developers set fixed timelines for Dencun upgrade [Ethereum](https://www.fxstreet.com/cryptocurrencies/news/sec-v-binance-lawsuit-federal-judge-calls-for-court-review-of-whether-digital-assets-are-securities-202401191107) developers stayed committed to the Dencun testnet timeline, according to the All Core Developers Execution call number 179.The timeline for testing remains unchanged and Galaxy Digital’s Christine Kim believes the likelihood of mainnet activation for the upgrade by the end of March is now 60%.
Layer 2 chains are not currently ready for the upgrade, however, developers are moving ahead with the testnet releases in the next three weeks.It is likely that Dencun goes live on mainnet as early as February if the upgrades on Sepolia and Holesky do not encounter issues.Developers are likely to run additional tests and [Layer 2](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-beats-silver-to-second-place-in-commodity-etfs-tether-and-microstrategy-race-to-add-btc-holdings-202401190600) chains may want to perform client releases on Sepolia and Holesky before the mainnet upgrade.If this occurs, then the likelihood of mainnet release in February is limited to 30%.The implementation of EIP-4844 is expected to boost the features of [Ethereum](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-could-bleed-another-9-as-traders-realize-over-130-million-in-losses-202401190816) and drive adoption of the chain.Expected Impacts of EIP 4844.Source: Galaxy Research If major bugs are discovered in either of the two testnets, Dencun’s arrival on the mainnet could be delayed from March to April.Key dates to watch out for are January 30 and February 7, dates for the Sepolia and Holesky forks.
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Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [Lido DAO Community Staking Module to make mainnet debut in the second half of 2024](https://www.fxstreet.com/cryptocurrencies/news/lido-dao-community-staking-module-to-make-mainnet-debut-in-the-second-half-of-2024-202401191346) [](https://www.fxstreet.com/cryptocurrencies/news/lido-dao-community-staking-module-to-make-mainnet-debut-in-the-second-half-of-2024-202401191346) Lido DAO paved the way for community stakers to utilize the protocol and run validators through the Community Staking Module.Lido shared an update, setting a timeline for the second half of 2024 for Community Staking’s mainnet launch.[More Lido DAO News](https://www.fxstreet.com/cryptocurrencies/news?q=Lido%20DAO&hPP=15&idx=FxsIndexPro&p=0) [SEC v.
Binance lawsuit: Federal Judge calls for court review of whether digital assets are securities](https://www.fxstreet.com/cryptocurrencies/news/sec-v-binance-lawsuit-federal-judge-calls-for-court-review-of-whether-digital-assets-are-securities-202401191107) [](https://www.fxstreet.com/cryptocurrencies/news/sec-v-binance-lawsuit-federal-judge-calls-for-court-review-of-whether-digital-assets-are-securities-202401191107) US Federal Judge presiding on SEC v.
Binance’s lawsuit ordered a court review to find out whether digital assets are securities.Lawyers representing Binance.US will defend against the SEC’s allegations that digital assets are securities.[More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0) [Bitcoin price dwindles amidst resounding ETF success, BTC dethrones Silver with capital inflow](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-beats-silver-to-second-place-in-commodity-etfs-tether-and-microstrategy-race-to-add-btc-holdings-202401190600) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-beats-silver-to-second-place-in-commodity-etfs-tether-and-microstrategy-race-to-add-btc-holdings-202401190600) Bitcoin price continued its decline closer to $41,000 on Friday.At the time of writing, BTC price is $41,148.
Institutions like Tether and MicroStrategy are keen on BTC accumulation and the largest cryptocurrency’s ETFs have dethroned Silver as the second largest commodity.[More Bitcoin News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=Bitcoin) [BONK price crash leads to half a million Dollars in liquidations](https://www.fxstreet.com/cryptocurrencies/news/bonk-price-crash-leads-to-half-a-million-dollars-in-liquidations-202401190905) [](https://www.fxstreet.com/cryptocurrencies/news/bonk-price-crash-leads-to-half-a-million-dollars-in-liquidations-202401190905) BONK price has dropped by more than 26% in the last eight days after rallying 56% in three days.Traders witnessed long contracts worth $562,000 being liquidated on Thursday.
Bonk’s fallout will likely continue towards $0.0000100, a monthly low.[More BONK News](https://www.fxstreet.com/cryptocurrencies/news?q=BONK&hPP=15&idx=FxsIndexPro&p=0) [Bitcoin: Will BTC correct to $35k or continue bull run without steep corrections?](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-will-btc-correct-to-35k-or-continue-bull-run-without-steep-corrections-202401190820) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-will-btc-correct-to-35k-or-continue-bull-run-without-steep-corrections-202401190820) Bitcoin (BTC) price currently trades around $41,094 after dropping 4.60% on Thursday, putting an end to the $2,000 trading range.This move comes after Adam from GeeksLive noted that the volatility level of BTC dropped to a new low in a month.In addition to the significant Realized Volatility (RZ) declines, the short-term Implied Volatility (IV) plummeted below -45%.[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-will-btc-correct-to-35k-or-continue-bull-run-without-steep-corrections-202401190820).