On April 12, Ethereum’s Shanghai upgrade was successfully implemented allowing the withdrawal of staked ETH and effectively finalizing the network’s years-long transition to proof of stake. The network achieved another milestone as the upgrade catalyzed a record-breaking weekly inflow of ETH [ether] deposits for staking, primarily driven by institutional staking service providers and investors reinvested profits […]
shanghai
Ethereum’s Shanghai Hard Fork: Glassnode Report Eases Sell-Side Pressure Concerns
A new report from Glassnode has suggested that the highly anticipated Shanghai/Capella hard fork, scheduled for April 12, will not have as dramatic an impact on the Ethereum economy as some had feared. The hard fork is set to enable withdrawals of staked ETH. It has raised much speculation about the potential market and supply […]
Ethereum: Playboy Reports Loss Of Nearly $5M On NFT Earnings
Playboy, a well-known adult publication, suffered an Ethereum impairment loss of $4.9 million due to the last year’s market-wide downturn. In an annual filing, PLBY Group [PLBY], the parent firm of Hugh Hefner’s Playboy stated that it began accepting ETH for its NFT initiative called “Rabbitars” launched in 2021. As of last year, the value […]
Ethereum Developers Discuss Successful Testing Progress For Shanghai & Capella Upgrades
Ethereum developers recently held their 103rd All Core Developers Consensus call, discussing testing progress for the upcoming Shanghai and Capella upgrade. The testing included new software, such as the MEV-Boost, builder, and relay software, on test networks where the Shanghai upgrade had been activated, such as the Zhejiang testnet and Devnet 7. These tests have been […]
Ethereum Shanghai Upgrade Set For Sepolia Test Network Launch Despite Latest Bug Discovery
Despite encountering a bug in the latest Shanghai release for the Geth EL client, Ethereum developers have agreed to proceed with the launch of the Shanghai upgrade on the Sepolia test network later this month. The bug was discovered on February 16th during the All Core Developers Execution (ACDE) call #155, which the Ethereum Foundation’s […]
Ethereum-Focused Scaling Firm Teams Up With Chainlink
Ethereum-focused scaling platform StarkWare has joined hands with leading blockchain oracle network Chainlink to onboard the latter’s price feeds into the StarkNet ecosystem. Chainlink is a decentralized oracle network that enables smart contracts to securely interact with real-world data and events, making it possible for them to be triggered by data from external sources. Through […]
Ethereum: Shanghai’s Latest Update Bring Relief For Stakeholders
Ethereum’s most awaited Shanghai upgrade would include the ability to withdraw staked ETH, Bloomberg News reported recently. Stakeholders and other interested parties are relieved by the revelation since it puts an end to lingering concerns about an extended token lock-in. The amount of Ethereum invested into the staking contract has steadily increased since the Beacon […]
Here’s Why Ethereum’s Supply Is Close To Zero
Ethereum’s net issuance is set for a deflationary path due to on-chain activity and a surge in gas consumption. Data shared by a analyst showed that Ethereum’s issuance is close to zero [around 0.0011% per year]. All Eth transactions require gas fees, that boost up Ethereum’s security by preventing the network from malicious requests. The […]
Ethereum’s core devs got their eyes on Shanghai upgrade
The merge finally transpired after years of waiting. Ethereum’s historic switch to proof of stake occurred early on Thursday morning without a hitch. The Ethereum merge dominated the attention and energy of the network’s elite cadre of core engineers for almost half a decade, with tens of billions of dollars’ worth of digital assets on the […]