Tag: ETH

Ethereum’s Shapella Upgrade Unlocks Staked Ether, Over 860K ETH Poised for Withdrawal, Price Surges 6% – Bitcoin News

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On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday. Ether’s price has experienced a surge, rising 6% against the U.S. dollar within the past 24 hours. Staked Ether Can Now be Withdrawn Following the Network’s Shapella Upgrade Ethereum underwent a substantial update on April 12 when the Shapella hard fork launched, allowing validators to access their…

ETH Hits $2,000 Following Shapella Upgrade – Market Updates Bitcoin News

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Ethereum moved above $2,000 on Thursday, as markets continue to react to the successful Shanghai update. The upgrade, which is also known as “Shapella,” took place late last night, enabling withdrawals on the blockchain. Bitcoin remained above $28,000. Bitcoin Bitcoin (BTC) continued to trade above the $30,000 mark on Thursday, as crypto markets remained buoyed by the latest U.S. inflation report, which fell to 5%. Following a $29,725.57 low on Wednesday, BTC/USD rose to an intraday peak of $30,462.48 earlier in the day. This move sees bitcoin remain near a…

Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply

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The price of Ethereum’s Ether (ETH) token came just a few dollars from hitting $2,000 a day after the launch of the network’s long-anticipated Shanghai upgrade. Ethereum ducks sell-the-news fears On April 13, Ether’s price gained roughly 4% to reach an intraday high of $1,996 on Coinbase, ignoring the potential selloff pressure the Shanghai upgrade could potentially bring to the market. ETH/USD daily price chart. Source: TradingView To recap: the Shanghai hard fork, also known as “Shapella,” enables users to withdraw their ETH from Ethereum’s proof-of-stake smart contract. As of 09:00…

Binance Announces Support for ETH Staking Withdrawals

Withdrawals will go live on April 19 and stakers will be allowed to redeem their coins. Binance has revealed its plans to allow the withdrawal of staked Ether (ETH) through its exchange platform.  The exchange made the announcement following the successful completion of Ethereum’s highly-anticipated Shanghai upgrade on Thursday. According to the announcement, withdrawals will go live on April 19 and stakers will be allowed to redeem coins with their BETH holdings on a 1:1 basis. The Shanghai upgrade was, without a doubt, of great importance and has officially paved…

Price analysis 4/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Today’s CPI report highlighted a slight decline in inflation, a development which could put a strong price floor beneath Bitcoin and select altcoins. The March consumer price index climbed marginally by 0.1%, below economists’ expectation of a 0.2% increase and February’s advance of 0.4%. Although inflation is showing signs of slowing, the year-on-year CPI increased by 5%, well above the Federal Reserve’s 2% target.  The FedWatch Tool shows a 67% probability of a 25 basis point rate hike in the Fed’s May meeting but by the end of the year,…

OpenSea collector pays 100 ETH for a free NFT: Nifty Newsletter, April 5–11

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In this week’s newsletter, find out why a nonfungible token (NFT) collector paid $192,000 for a free NFT. Check out how community members responded as Reddit deployed its contract for its Gen 3 NFT avatars, and how a previously unreleased David Bowie track has been turned into an NFT. In other news, discover how LooksRare plans to compete with rival NFT marketplaces through a new upgrade, and how NFTs can unlock a biodegradable vinyl record.  Reddit deploys Gen 3 NFT avatar contracts on Polygon Social media forum site Reddit has…

Ethereum price metrics hint that ETH might not sell-off after the Shapella hardfork

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Ether (ETH) price has increased by 58% year to date, but it has far underperformed the market leader Bitcoin (BTC). In fact, the ETH/BTC price ratio has dropped to 0.063, its lowest level in 9 months.  Analysts believe that the majority of the movement can be attributed to the Ethereum network’s upcoming Shapella hard fork, which is scheduled for April 12 at 10:27 p.m. UTC. Ether / Bitcoin price ratio at Binance. Source: TradingView The Ethereum network upgrade will allow stakers to unlock their Ether rewards or stop staking entirely.…

Only a Tiny Amount of ETH Is Poised to Be Withdrawn After Ethereum Shanghai Upgrade, Nansen Says

The blockchain analytics firm says nearly 4,000 validators have already unstaked 141,499 ETH (worth about $270 million) that’s currently waiting to be withdrawn. This represents less than 1% of Ethereum’s total validators and staked ETH, according to Nansen. Crypto exchange Huobi is waiting to remove almost 40,000 ETH, making it the largest entity in the withdrawal queue. Source

Validator service to use API for ETH staking process

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Ether (ETH) unstaking, brought about by the Shappella upgrade, a service aimed at validators, is aiming to make staking easier by utilizing Application Programming Interfaces (APIs).  In an announcement, blockchain infrastructure provider InfStones said that it’s expecting a heightened market demand for ETH staking as the Shanghai upgrade comes. Capitalizing on the event, the platform said that it is aiming to attract more participants to the Ethereum ecosystem by creating an easier staking experience through its validator service. InfStones founder Zhenwu Shi said that their Ethereum validator service lets anyone…