Ethereum (ETH) has experienced a surge in staking activity following the implementation of the Merge and Shanghai upgrades, but this growth comes at a price. A recent research report by JPMorgan (JPM) highlights the trade-offs that Ethereum faces as it seeks to balance staking adoption with concerns over centralization and yield. The report underscores how […]
Shanghai Upgrade
Ethereum Faces Challenges as Network Fees Drop, Activity Declines
In recent developments, Ethereum network fees have hit their lowest point in 2023, standing at just $1.15 per transaction. While this decline in transaction costs may seem like a positive sign, a closer look reveals some concerning trends in Ethereum’s ecosystem. Historically, Ethereum has thrived when its native cryptocurrency, Ether (ETH), becomes more affordable to […]
Ethereum’s Merge & Shanghai Upgrade: A Mixed Bag in JP Morgan’s Lens
Ethereum’s ambitious endeavors, the Merge and the Shanghai upgrade, designed to revolutionize ETH Tokenomics, have fallen short of their lofty expectations. In September 2022, Ethereum, the world’s second-largest blockchain, underwent a momentous transformation, transitioning from proof-of-work [PoW] to proof-of-stake [PoS]. This epoch-making move significantly slashed the network’s energy consumption by an astonishing 99%. The subsequent […]
Ethereum CEX Deposits Hit Two-Month High Amid Price Slump
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a significant increase in deposits on centralized exchanges (CEX) over the past two months, with $383 million of Ethereum (ETH) deposited into these cryptocurrency exchanges, according to data from IntoTheBlock. One of the largest deposits came from a single address, about 61,216 ETH since the […]
Security Concerns Raised For Ethereum Staking Nodes Ahead Of Shanghai Upgrade
In a recent Twitter thread, Shenyu, the founder of Cobo, raised concerns about the security of private keys for Ethereum staking nodes. With an upcoming upgrade in Shanghai, more than two years of ETH staking can withdraw cash. However, Shenyu warns that the private keys of some staking nodes may have already been leaked. This […]
Unveiling Ethereum’s Potential Catalysts For A Price Surge beyond $2,000
Over the past few days, Ethereum, the second-largest cryptocurrency, has been experiencing a tug-of-war between its bulls and bears. However, the bulls seem determined to make significant gains and surpass the major resistance level of $2000, while the bears are putting up a tough fight and driving down the price. Nevertheless, there has been a […]
Ethereum’s Shanghai Upgrade Has Now A Target Date Of April 12
The long-awaited Ethereum’s Shanghai hard fork now has a target date of April 12, thanks to its core developers. The deadline- 10:27:35 UTC on April 12, epoch 620,9536 will be formally announced by developers on GitHub. The Shanghai upgrade will ultimately allow validators to withdraw their staked ether as well as any incentives received from […]
Ethereum: Yet Another Delay In The Shanghai Upgrade
The Ethereum Shanghai upgrade will now probably be implemented somewhere in the first two weeks of April, as opposed to the original estimate of late March. On March 2, the delay was disclosed at a gathering of ETH developers. Core developers agreed during the conference that the hard fork would take place roughly a week after the […]
Ethereum Reaches New High With 3040 ETH Burn, Led by Uniswap & OpenSea
Ethereum is blazing a new trail in the world of cryptocurrencies, reaching a high of 3040 on February 2nd. It marks the highest point since November 10th, 2022, and solidifies its place as one of the top players in the game. The primary sources fueling this fiery surge are two popular decentralized exchanges, Uniswap and […]
Ethereum Launches Its First Mainnet Shadow Fork: Details
Core developers of Ethereum have launched the first mainnet shadow fork to determine the preparedness of the ETH staking withdrawal feature. This marks a step forward in enabling users to access more than $26 billion worth of staked ETH in March as planned. Announcing the same, Marius Van Der Wijden, an Ethereum Foundation software developer, claimed […]