Tag: Ethereums

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 Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday.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 Staked Ether Can Now be Withdrawn Following the Network’s Shapella Upgrade Ethereum underwent a substantial update on April 12 when the Shapella hard fork launched, allowing validators to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…

Ethereum’s Shapella hard fork executed on mainnet

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The Shapella hard fork has officially been executed on the Ethereum Mainnet— meaning that Ethereum validators can finally withdraw their staked Ether (ETH) from the Beacon Chain. The long-awaited upgrade took effect at 10:27 PM UTC on April 12. Through Ethereum Investment Proposal EIP-4895, staked ETH was pushed from the Beacon Chain to the Ethereum Virtual Machine (EVM) otherwise known as the execution layer, making withdrawals possible. It is the most significant upgrade since The Merge on Sept. 15 and it moves Ethereum one step closer towards a fully functional…

Everything You Need to Know About Ethereum’s Big Upgrade

Hosts of flagship CoinDesk TV show “First Mover” discuss the basics of the Shanghai upgrade, expected to take place at 22:27 UTC (6:27 p.m. ET). Part of the conversation, as mentioned, is whether this is a moment to buy or sell the news. Later, Casa CEO Nick Neuman joins to discuss the importance of crypto self-custody. Incidentally, self-custody of ETH is at above average levels, suggesting that many holders are planning to sell their holdings for fiat on crypto exchanges. Source

LIVE BLOG: Ethereum’s Shanghai Upgrade

12:37 p.m. (MN): Ethereum developers’ comments continue to roll in showcasing their faith in tonight’s Shapella upgrade. “I’m feeling confident that our rigorous testing will be fruitful this evening, and looking forward to a smooth Shapella activation. I’m curious to see how the withdrawal/deposit queues will play out in a few months of time,” said Barnabas Busa, a DevOps engineer at the Ethereum Foundation, to me via DM on Discord. Source

Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai Upgrade

“We expect 553,650 ETH will be sold. Amortized over 7 days, this amounts to approximately 1% of daily ETH volume (including spot and perpetual futures volume) of selling per day for a week,” analysts at Galaxy Digital said in a note published early this month. “Depending on the risk environment broadly and overall liquidity in Ether during the Shanghai upgrade, expected on Wednesday, April 12, we view this amount as ranging from inconsequential to slightly bearish ETH/USD.” Source

Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12 – News Bitcoin News

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The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the hard fork aims to enable staking validators to withdraw their staked ethereum. Shapella Network Upgrade to Activate on the Ethereum Network at Epoch 194048 Members of the crypto community have eagerly awaited and discussed the…