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Hosts of flagship CryptoX 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
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“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
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“There’s always a chance that there could be unfound bugs, but we feel that we tested the upgrade extensively and weren't able to find any issues that prevent us from scheduling the upgrade,” said Parithosh Jayanthi, a DevOps engineer at the Ethereum Foundation. Source
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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
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The main concern around the Shanghai liquidity event is that validators could withdraw and sell staked ETH, which makes up 16% of the total ETH supply, but the withdrawal process is designed to “prevent a short-term mass exodus of validators and the resulting security risks,” the note added. Source
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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
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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
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Ethereum’s Shanghai Upgrade Will Permanently Alter ETH Economics Source
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"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
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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
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