As these things go, various factions of the Ethereum and blockchain communities are planning watch parties, while crypto analysts and blockchain historians are getting bearings on the best tools for monitoring the first-ever withdrawals of staked ether (ETH). (Trust us, it’s a big deal for Ethereum, and for the crypto industry in general.) Source
Tag: Ethereums
ETH At $1900 Ahead Of Ethereum’s Shapella Upgrade, Bitcoin Above $30K Pumps Profit For MicroStrategy
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
Ethereum’s Shanghai Upgrade Will Permanently Alter ETH Economics Source
Bitcoin, Not Ether, Builds Crypto Market Dominance Ahead of Ethereum’s Shanghai Upgrade
“BTC got the store-of-value narrative back after multiple U.S. banks failed in mid-March. Since then, BTC’s dominance rate has been rising,” Dubai-based crypto analyst and trader Reetika Malik said. Dominance rate is now at a “multiyear resistance” that has capped the upside in the past, meaning ether and other coins could soon outshine bitcoin, per Malik. Source
Ethereum’s Buterin and Solana’s Yakovenko are at odds on security
After what seemed like an eternity, Anatoly Yakovenko, co-founder of Solana Labs, and Vitalik Buterin, co-founder of ethereum, have picked up where they left off in discussing bridge security. Yakovenko Bridge claims to have pondered the issue for a year until he may have stumbled onto the answer. .@VitalikButerin, I’ve been noodling on this for nearly a year. Trust minimized bridge between independent L1s This design guarantees that local users can exit their bridged assets back to the local chain even if the remote chain has a dishonest majority, does a…
Ethereum’s Shanghai Upgrade Will Help Layer 2 Networks, Crypto Investor Says
Shapella is the final upgrade in Ethereum’s migration to a proof-of-stake method of maintaining the network, It will allow withdrawals from staking ETH, Williams said. Other benefits will be to lower fees for users and to increase Ethereum’s capacity to handle transactions. Source
Inventor of Ethereum’s ERC-20 Token Standard Plans New Blockchain ‘LUKSO’ for Creative Types
LSP0, which turns ERC-725 into a smart-contract-based profile, tackles the functionality and makes profiles more user-friendly on the blockchain. It combines a crypto type wallet, similar to an Ethereum account, with smart contract storage. In addition to having a regular crypto account attached to these profiles, users can link to any public information they want, like their Twitter account or NFTs. Source
Ether Breaking Out Ahead of Ethereum’s Shanghai Upgrade: Bernstein
However, as the upgrade approaches there will be an “increased realization” that nearly 70% of staked ether is via liquid staking protocols such as Lido and they allowed investors to sell their stETH regardless, “so liquidity for 70% of staked ETH is now new, they could do it anyway,” the note said. Original Source AheadBernsteinBREAKINGEtherEthereumsShanghaiupgrade CryptoX Portal
Analysts debate the ETH price outcomes of Ethereum’s upcoming Shapella upgrade
The Ethereum Foundation has announced April 12 as the date of deployment of the much-anticipated Shanghai and Capella upgrade, together dubbed as Shapella. The upgrades will enable withdrawals from Ethereum 2.0 staking contracts. The staking contract was first launched in December 2020. It only accepted one-way deposits of ETH, which will change after the upgrade. To date, users have deposited over 18 million ETH, worth around $32.5 billion, into the Ethereum staking contract at varying times since December 2020. Analysts vary on the estimates of ETH sell pressure Most users…
How Advisors Can Prepare for Ethereum’s Shanghai Upgrade and Potential Price Changes
Others who are looking to trade the price of Ethereum may be encouraged by the Shanghai upgrade, as it will surely increase volatility, at least temporarily. If you’re looking to trade the crypto markets, be prepared to navigate the market, as this is a significant change and will likely have many moving parts. Source