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Ethereum stakers will be able to withdraw their ETH in part or in full.
The Ethereum Foundation has officially announced the activation of the Shapella network upgrades on the Ethereum network, scheduled for April 12th at epoch 194048, at 22:27:35 UTC. The upgrade will allow validators to withdraw their stake from the Beacon Chain back to the execution layer and introduce new functionality to both the execution and consensus […]
Another chunk of ETH has been withdrawn due to Kraken, but deposits going onto the network have almost matched them.
Ethereum's Shapella upgrade has come and gone, leaving a trail of shifting dynamics in its wake. With over 2.83 million staked ETH withdrawn and Ethereum's balance on centralized exchanges at a five-year low, the market's reaction is fascinating. But there's one crucial detail that every Ethereum investor should know about the upgrade's aftermath... What does this mean for the long-term future of Ethereum and the blockchain ecosystem? Dive into our comprehensive analysis to uncover the answer…
The post Research: Liquid staking tokens remain in the red five weeks after Ethereum’s Shapella upgrade appeared first on CryptoSlate.
The number of staked Ethereum tokens within the Ether blockchain has increased since the leading smart contract project implemented the Shanghai upgrade (Shapella) on 12 April. Crypto traders stake/lock coins on blockchain platforms to earn rewards or passive yield. Glassnode’s latest data indicated that Ethereum traders deposited over 4.4 million tokens (for staking) since 12 …
<p>The post Staked Ethereum (ETH) increased by 4.4M since Shapella upgrade first appeared on CCNC | Cryptocurrency Newscast.</p>
Ethereum validators are now one step away from being able to unstake their Ether from the Beacon Chain
Ethereum is heading closer to its Shanghai upgrade as the blockchain’s Sepolia testnet successfully upgraded to Shapella. The Shanghai/Capella [also known as Shapella] network update has now been launched on Sepolia at epoch 56832, 4:04:48 AM UTC on February 28, 2023, following months of testing and an ephemeral devnet launch. This upgrade follows the Merge and gives […]
As Ethereum’s Shanghai upgrade approaches next month, the network’s Sepolia testnet has successfully upgraded, simulating the scheduled hard fork.
The Ethereum community is gearing up for the highly-anticipated mainnet upgrade, Shapella. After extensive testing and development, the upgrade has entered its final pre-launch sequence, the public testnets, according to the official blog post from Ethereum Foundation. The Zhejiang testnet is now live and available for stakers, node operators, and infrastructure providers to test the Shapella upgrade. […]
After the successful Shapella upgrade, Ethereum's staked ETH volume has surpassed the withdrawal volume for the first time. According to data from Nansen, more ETH is currently being staked than withdrawn, with the staking volume reaching 124,000 ETH, while the withdrawal volume is at 64,800 ETH. The majority of validators are restaking their unlocked Ether, and early withdrawals are primarily staking rewards. (Read More)
It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether has been added to liquid staking protocols. Just
The post Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump appeared first on BTC Ethereum Crypto Currency Blog.
Ether stakers have withdrawn $1.21 billion worth of ETH from Ethereum staking contracts since the Shapella upgrade.
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)
Ethereum (ETH) price raced to an 11-month high above $2,142 on Coinbase exchange on Sunday, the major price rally for ETH coming after the cryptocurrency’s successful Shapella upgrade. But what is the latest for Ethereum after it rose despite the sell pressure that followed enabling withdrawals for staked Ether? Kaiko, a leading institutional grade crypto …
<p>The post ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals first appeared on CCNC | Cryptocurrency Newscast.</p>
Ether (ETH), the native cryptocurrency of Ethereum, a decentralized blockchain with smart contract functionality, attracted only US$0.3 in digital asset investment product inflow last week despite the Shapella Upgrade last Wednesday. There was also “little activity” in altcoins except Polygon, which saw US$2.1 million of outflows last week.
The Shapella Upgrade, also called the Shangial Upgrade, is an hard fork that enabled ETH stakers on Ethereum to withdrawal their staked ETH from the Beacon Chain, a blockchain launched on Ethereum in December 2020. The upgrade is the latest major upgrade to the Ethereum blockchain sincethe Merge in September last year.
ETH Investment Inflows Lower than Pre-Upgrade
According to the latest Digital Asset Fund Flows report by CoinShares, Europe’s largest digital asset investment and trading group, Bitcoin continues to be the almost sole focus of investors as investment inflows into the digital assets reached US$104 million last week.
In the week before the Upgrade, CoinShares observed that ETH got only “relatively minor” investment inflows, with the figure coming in at US$0.6 million. In other words, the inflow last week is even smaller than the pre-Upgrade week. Bitcoin during the week generated US$56 million of inflows, representing 98% of all inflows in that week.
Meanwhile, total inflows into digital asset investment products last week reached US$114 million. CoinShares report notes that the figure shows continued improvement in investor sentiment towards digital assets.
However, the improving sentiment comes at a time of very low volumes in the Bitcoin market, the report noted. Furthermore, inflows into digital assets over the last one month totaled US$345 million, the report said.
“We believe this is a flight to safety by investors fearful of the ongoing traditional finance challenges. Opinion remains divided though, with short bitcoin seeing inflows totaling US$14.6m last week,” CoinShares explained.
ETH Sees Price Rise, Token Withdrawal Tops 1M
Meanwhile, after the Shapella Upgrade last Friday, ETH topped $2,000, reaching its highest point since August 2022. In a survey conducted by cryptocurrency exchange OKX before the Upgrade, 63% of respondents (who are members of Ethereum) said they expect ETH price to peak at over US$5,000 by the end of 2023.
As of press time, Ethereum went down by 2.27% in the last 24 hours, according to CoinMarketCap. However, the native cryptocurrency still maintains its over $2,000-plus milestone. The market cap of the currency also currently stands at about $248.6 billion.
Meanwhile, ETH withdrawals topped 1 million tokens on Sunday, four days after the April 12, 2023, upgrade. As of press time, beaconcha.in data's shows that 1.05 ETH has been withdrawn from the Ethereum-based Beacon Chain, with 541, 725 withdrawals processed.
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This article was written by Solomon Oladipupo at www.financemagnates.com.Ethereum’s 2.0 staking deposits vs. withdrawals are not so symmetric now. The number of deposits is taking up the volume
Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%.
Coinbase users may face delays in unstaking their ETH after Ethereum's Shapella upgrade, due to on-chain processing. Coinbase advises users to be patient and offers a liquid staking option, "cbETH." (Read More)
The DeFi space had a busy week with the successful completion of the Shapella upgrade on Ethereum, concerns over privacy related to staking, a major DeFi hack, and a partnership between Fonbnk and Tanda to increase financial inclusion in Africa. The top 100 DeFi tokens had a bullish week, and Glassnode predicted only a small percentage of staked ETH would be withdrawn. (Read More)
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following [...]
The post Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for April 12 appeared first on Crypto Breaking News.
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