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Users cannot withdraw the entire stack of over 18 million staked ether immediately after the upgrade. However, just over 1 million ETH earned in staking rewards can be pulled out immediately. Troubled entities like crypto lender Celsius might sell its staked ether balance of 158,176 ETH to recover at least
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The Ethereum network’s planned Shanghai hard fork is nearly here. Planned for April 12, this is the first major upgrade since The Merge in September 2022. The “Shapella” upgrade (a combination of the two major proposals Shanghai and Capella), includes EIP-4895 which enables validators to withdraw staked ETH from the
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Investors are awaiting Ethereum’s upgrade, which is expected to go live late Wednesday. Source
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Ether (ETH) price has increased by 58% year to date, but it has far underperformed the market leader Bitcoin (BTC). In fact, the ETH/BTC price ratio has dropped to 0.063, its lowest level in 9 months. Analysts believe that the majority of the movement can be attributed to the Ethereum network's
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The Ethereum network’s Shapella upgrade, scheduled for around 10:30 pm UTC on April 12, has induced significant uncertainty among traders, according to a report by Kaiko. The upgrade will enable staked Ether (ETH) withdrawals from the Beacon Chain for the first time since its launch in December 2020. According to previous
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Ethereum has often been touted as the only cryptocurrency with the right technology, embrace, and functionalities to outrank Bitcoin (BTC) in terms of market capitalization. The Ethereum network, dubbed the second-largest blockchain protocol by market capitalization, is set to undergo another significant upgrade dubbed Shapella. The Shapella upgrade is designed
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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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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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The “Purge” will purge the spare, or historical data, from the Ethereum network. By getting rid of this historical data, congestion on the network will decrease, allowing for more transactions to be processed. Buterin has said that after this phase, Ethereum can hopefully process around 100,000 transactions per second (TPS),
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