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Ethereum co-founder transfers ETH, Pectra upgrade enhances scalability, Web3 contest invites submissions, and other Web3 news

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  • The Web3 Development Writing Contest invites Web3 developers, blockchain advocates, and writers to submit entries by June 17, 2025, for a chance to win a share of a $5,000 prize pool, with prompts focusing on blockchain APIs, dApp development, and tutorials. (📰HackerNoon)
  • Ethereum co-founder Jeffrey Wilcke transferred approximately 105,737 ETH worth $262 million to Kraken on May 20, 2025, and subsequently withdrew the same amount through multiple wallets, indicating potential movement rather than sale. (📰The Defiant)
  • Ethereum’s ecosystem is rapidly expanding with the recent Pectra upgrade enhancing scalability and partnerships like Stripe enabling USDC transfers in 101 nations, while the developer and user base remains strong with significant activity in Layer 2 ecosystems. (📰BanklessTimes)
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