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nearly 4,000 validators have already unstaked 141,499 ETH (worth about $270 million) that’s currently waiting to be withdrawn.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
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…
An estimated 170,000 Ether (ETH) of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted. The figure comprises 100,000 Ether ($190 million) worth of staking rewards and 70,000 ETH worth of staked Ether ($133 million) the on-chain intelligence platform predicted in its April 11 report. Glassnode backed up its prediction by explaining that only 253 depositors are waiting to exit their stake and that a few mechanisms are in place…
Among other digital tokens, Solana’s SOL surged over 12% to trade around $23.2, while ETC, the token of Ethereum Classic, an offshoot, or fork, of Ethereum, gained over 4% to change hands at $21.6. The CoinDesk Market Index, which measures overall crypto market performance, was up 2.3% for the day. Source
Summary: Ethereum’s native asset ETH traded around $1900 on Tuesday hours ahead of the Shapella update that developers promise will unlock staked Ether. The update scheduled for April 12 at 11 pm UTC is Ethereum’s most important technological upgrade since the Merge. Bitcoin rose above $30,000 for the first time since June 2022, pushing MicroStrategy’s BTC bet into profits. ETH, crypto’s second-largest token and the biggest altcoin in the market eyed $2,000 ahead of the Ethereum upgrade that developers say will unlock over 16 million staked ETH (stETH) accumulated in…
Ethereum’s Shanghai Upgrade Will Permanently Alter ETH Economics Source
Bitcoin moved above $30,000 on April 11, as bullish sentiment returned to cryptocurrency markets. Markets surged after data in China showed that consumer prices had hit an 18-month low. Ethereum was also higher on the news, moving closer to $2,000. Bitcoin Bitcoin (BTC) raced above $30,000 for the first time in ten months, as markets reacted to the latest inflation data from China. Consumer prices in China rose by 0.7% in March, which is the slowest increase since September 2021. Following a low of $28,189.27 to start the week, BTC/USD…
After days of consolidation near the local high, Bitcoin is trying to breakout and challenge the $30,000 level. Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The consumer price data on April 12 and the producer price index data on April 13 could give insight into the Federal Reserve’s future rate hikes and shake the traders out of their slumber. The dull price action in Bitcoin has not reduced the interest in it. According to Ahrefs…
A 689 Ether (ETH) reward worth $1.28 million has been paid from a single Miner Extractable Value (MEV)-boost relay block on the Ethereum Beacon Chain in one of the largest rewards in recent months. Ethereum liquid staking solution Lido was paid the reward from block number 17007842 on the Beacon Chain — which was finalized on April 9, contained 47 transactions and was built by beaverbuild.org, according to transaction data. High Proposer Payment Alert! Validator 0x388c… received 689.02 ETH.Block built by a @beaverbuild builder (0x96a59d…)Slot: 6,181,978.Received through the @GnosisDAO relay.https://t.co/Pv3bqfZMrU…
According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex platform Sushiswap saw its RouteProcess02 contract exploited and then distributed across various blockchain networks. Blockchain security firm Certik published an alert after discovering the exploit. The company Peckshield also updated the crypto community via Twitter,…