Shanghai upgrade


Tech

Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan

The increase in staking has reduced the appeal of ether from a yield perspective, the report said.

Ether becomes deflationary for the first time since the Ethereum blockchain's software upgrade dubbed the "Merge." (SB7/Shutterstock)

Markets

Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days

The embattled crypto lender has deposited $745 million of ETH to staking contracts in the last two days, significantly stressing the already-long waiting time to deploy new validators to the Ethereum network.

Celsius deposits ETH into staking contracts (Arkham Intelligence)

Tech

CoinDesk Validator ‘Zelda’ Successfully Exits Ethereum as Withdrawal Queue Shrinks to 9 Days

It took about 12 days for Zelda to fully exit the Ethereum blockchain. For any new staking withdrawal requests, the wait to get out has shrunk to nine days from 17 days.

(Robert Daly/Getty Images)

Markets

Ethereum Shanghai Upgrade Brings Record Inflow of 572K ETH Staked in a Week

The influx into ETH staking was mainly driven by deposits from institutional staking platforms and reinvesting rewards, crypto analysts said.

ETH staking deposits (Dune Analytics, 21Shares)

Markets

Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking

The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.

(Pixabay)

Tech

CoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back

Following last week's milestone Shanghai upgrade, we moved to wind down CoinDesk's Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he's taken.

Legend of Zelda. (Nintendo)

Finance

Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade

The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.

Statue of Atlas (David Lees/Getty Images)

Tech

Ethereum Unstaking Requests Now Face About a 17-Day Wait

The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.

(Shutterstock)

Markets

Ether’s Strong Price Action May Continue Until End of Month: Coinbase

One reason why ether is appreciating is because of its relative underperformance versus bitcoin so far this year, the exchange said.

Gráfico semanal de precios de ether. (Datos de CoinDesk)

Markets

Bitcoin, Ether Turn Upward in a Busy Week of Ethereum and Inflation News

Ether has risen more than 9% since the Ethereum Shanghai upgrade, which held center stage in crypto markets for much of the week. Bitcoin held fast above $30,000.

(Jorain Loman/Unsplash)

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