Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days

Over 1 million ETH, worth $2.1 billion, has been withdrawn from Ethereum's Beacon Chain within the first four days of the Shapella hard fork, with nearly 87% of active validators now able to withdraw their staked Ether. Despite initial community uncertainty about the impact of Shapella on ETH's price, the first four days have resulted in close to a 10% rise, with much of the withdrawn stake being reinvested in the Beacon Chain for interest compounding purposes. (Read More)

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Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH

Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%.

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Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork

Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March 14, a total of 281,498 ether worth $592 million have [...]

The post Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork appeared first on Crypto Breaking News.

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Shapella Hard Fork Goes Live: Ethereum Validators Withdraw $1.6B Worth Of ETH

In a much-awaited development, the Shapella hard fork has finally been executed on the Ethereum mainnet, allowing Ethereum validators to withdraw their staked Ether from the Beacon Chain. The upgrade occurred at 10:27 pm UTC on April 12, at epoch 194,048. The release of the Shanghai upgrade is a significant event for the Ethereum blockchain […]

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