On Friday, Gitcoin community members passed a governance proposal with almost unanimous support to formalize a relationship with the index provider Index Cooperative, and transfer 100 ether (ETH) worth $164,600 into two liquidity pools meant to “ensure deeper liquidity and reduce swapping fees for moving into gtcETH,” according to a snapshot. Source
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Ethereum’s Shanghai upgrade will deploy a two-tier withdrawal system. Partial withdrawals, amounts above 32 ETH, will be usually executed immediately but initially Arcana expects them to be distributed within three days due to the queue. Full withdrawals, which is the minimum staking amount of 32 ETH, will take more time and be released gradually. Source
Bernstein’s analysis shows the supply increases are likely to be spread over a few weeks, even months, resulting in little selling pressure on a daily basis. The broker sees limited actual supply impact, but notes that weak sentiment due to unstaking can put pressure on the ether price prior to the event. Source
Data from Paris-based crypto data provider Kaiko show bitcoin’s 2% market depth for USDT pairs aggregated from 15 centralized exchanges has slipped to 6,800 BTC, the lowest since May 2022, surpassing the post-FTX low. That’s significantly down from the October highs above 15,000 BTC. Ether’s 2% market depth has more than halved to 57,000 ETH since October, led by Binance. Original
But goerli ether is no trendy Ethereum fork or an Ethereum rival marked up by hypemen: These tokens are a testnet version of actual ether for developers to simulate transactions, smart contacts, and other activities prior to deploying on the Ethereum mainnet. This means that these tokens are supposed to be free – issued simply for testnet developers. Source
The product is designed to offer users exposure to a basket of liquid staking derivatives in one token. Source
The co-founder of the social media website Reddit, Alexis Ohanian, reportedly bought 50,000 Ether (ETH) for just $15,000 during the cryptocurrency’s presale in 2014, a cost of just 30 cents per coin. Ohanian, who left the social media giant in 2020, told Forbes in a Feb. 21 article that he found the idea of a decentralized store of value to be very attractive partly due to his Armenian heritage, prompting him to take an early gamble on Ethereum. “Any group of people who have in their consciousness, or in their…
Ether’s price dropped 10% to $1,472 on the day of the Merge, but volatility quickly faded, with prices trading in a narrow range of $1,300 to $1,400 during the following four weeks. Ether’s 30-day realized volatility fell from an annualized 85% to nearly 60% in the four weeks following the Merge, according to data sourced from Amberdata. Realized volatility is a backward-looking metric measuring the degree of price turbulence observed over a specific period in the past. Source
Note that the whole staking balance cannot be withdrawn on the day of the upgrade. Besides, only 43,200 ETH can be unstaked per day. However, the total staking reward earned, which comes to around 1 million ETH, can be withdrawn instantly, according to Saxo Bank. Source