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On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday. Ether’s price has experienced a surge, rising
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Ethereum moved above $2,000 on Thursday, as markets continue to react to the successful Shanghai update. The upgrade, which is also known as “Shapella,” took place late last night, enabling withdrawals on the blockchain. Bitcoin remained above $28,000. Bitcoin Bitcoin (BTC) continued to trade above the $30,000 mark on Thursday, as crypto
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Despite some fears of a new supply of Ether (ETH) hitting the markets after the much anticipated Shapella update, ETH surpassed the $2,000 price point almost a day after the upgrade. Data from Cointelegraph Markets Pro shows that the token entered the $2,000 level on April 13, the highest level reached
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We are seeing a sell the rumor buy the fact redux, one observer said, explaining ether's post-Shanghai upgrade rally. Source
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On Wednesday, Canadian e-commerce giant Shopify saw its stock swell following a JMP upgrade to ‘Market Outperform.’ Shopify (NYSE: SHOP) stock has surged after a JMP Securities upgrade. On Wednesday, the California-based full-service investment platform upgraded SHOP from Market Perform to Market Outperform with a $65 per share price target. JMP Views
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Trading volume on ethereum trading pairs remained stable following the upgrade. Original Source
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The Shapella upgrade was triggered at 22:27 UTC and is processing withdrawal requests. Source
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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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“We do think this is actually a game changer,” Chen told CoinDesk TV’s “First Mover” on Wednesday about the network’s Shanghai (or Shapella) upgrade. “If you think about it, this is the first time that Ethereum has a long-term, market-risk-free yield curve that can actually go for a long run.” Original
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Investors are awaiting Ethereum’s upgrade, which is expected to go live late Wednesday. Source
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