Research: Liquid staking tokens remain in the red five weeks after Ethereum’s Shapella upgrade

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 With over 2.83 million staked ETH withdrawn and Ethereum's balance on centralized exchanges at a five-year low, the market's reaction is fascinating.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.

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Staked Ethereum (ETH) increased by 4.4M since Shapella upgrade

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>

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Breaking: Shanghai upgrade executed on testnet but not without issues

Ethereum validators are now one step away from being able to unstake their Ether from the Beacon Chain

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Ethereum Inches Closer To Its Shanghai Upgrade After Sepolia Fork

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 […]

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Ethereum testnet successfully forks in Shanghai upgrade rehearsal

As Ethereum’s Shanghai upgrade approaches next month, the network’s Sepolia testnet has successfully upgraded, simulating the scheduled hard fork.

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Ethereum’s Shapella Mainnet Upgrade Approaches: Zhejiang Testnet Live

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. […]

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Ethereum staking volume surpasses withdrawal volume post-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)

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Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump

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.

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Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?

Ether stakers have withdrawn $1.21 billion worth of ETH from Ethereum staking contracts since the Shapella upgrade.

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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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ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals

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>

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ETH Saw Little Investment Inflows Last Week Despite Shapella Upgrade

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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Ethereum (ETH) 2.0 Deposit Contract Oscillating at Extremes

Ethereum’s 2.0 staking deposits vs. withdrawals are not so symmetric now. The number of deposits is taking up the volume

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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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Coinbase warns of delays for ETH unstaking after Ethereum Merge

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)

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Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion

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)

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Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for April 12

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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Ethereum Validators Struggle to Update Credentials After Capella Upgrade

Ethereum’s (ETH) latest upgrade, Shapella, has been successful, allowing developers to swap out critical parts of the network mid-flight. Recent

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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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Ethereum's Shapella Upgrade Complete

Ethereum's Shapella upgrade has been successfully completed, allowing validators to withdraw their staked Ether on the Beacon chain. Over 44% of active validators have the ability to request partial or full withdrawals, with most withdrawals being for staking rewards. Major exchanges have announced their support for ETH unstaking, with several already processing withdrawal requests. (Read More)

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