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Ad Ethereum successfully completed its Shanghai upgrade at 10:27 p.m. UTC on April 12, according to various update status pages. Validators can now withdraw staked ETH Ethereum’s Shanghai upgrade introduces an important new feature that allows validators who previously staked ETH on-chain to withdraw those tokens for the first time. However, the upgrade will not…
Ad NFT marketplace aggregator Blur.io has surpassed Uniswap, OpenSea, and Etherum transactions as the top ETH burner over the past 24 hours. Data shared by Access Protocol CEO Mika Honkasalo from Ultrasoundmoney highlighted that over 252 ETH was burned as a result of Blur.io activity between Feb. 18 and Feb. 19. Furthermore, the two contracts…
The amount of Ethereum’s supply concentrated in smart contracts has hit an all-time high post-merge. Smart contracts now create 0.45% of all Ethereum behind staked Ethereum at 0.57% and Exchange balances at 0.17%. The chart below presents an area view of some of the largest concentrations of the Ethereum supply. Supply regions are shown as…
The has been debate on Ethereum’s potential to become deflationary after The Merge but the issuance increase in the days following the move to proof-of-stake appeared to negate the deflationary theory; however, the burn rate throughout October has led to ETH recording its first 30 deflationary days in history. After The Merge was completed on…
Ethereum developers identified a bug within the Besu Ethereum client that could have led to “consensus failure in networks with multiple EVM implementations.” Gary Schulte reported the issue to the Hyperledger GitHub repository and was found by Martin Holst Swende. It is understood that “no production networks have transactions that would trigger this failure.” Bug…
Crypto miners who initially flocked to GPU-compatible proof-of-work tokens after the Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data. Ethereum Cash Ethereum Cash (ETC) has seen its hash rate drop to 157.51TH/s after peaking at 303.7 TH/s on the day after the merge — Sept….
With macroeconomic conditions dictating the overall market sentiment and price-action, it can feel like little has changed since Ethereum’s merge to a Proof-of-Stake (PoS) consensus mechanism. The price of ETH has dropped 14.4% since the merge while the strength of the U.S. dollar has surged. ETH and USD Price Performance (Source: IntoTheBlock Capital Markets Insights)…
By messenger exchange with CryptoSlate, Ethereum developer Micah Zoltu has confirmed the upcoming Shanghai upgrade will not enable the withdrawal of staked ETH tokens. Currently, ETH can only be deposited to the staking contract and not withdrawn. Per Ethereum, the withdraw functionality would be enabled following the Shanghai upgrade. However, it has since come to…
Cardano (ADA) founder Charles Hoskinson has called Ethereum (ETH) the “Hotel California of Crypto” in response to a tweet that claimed that ETH staking withdrawals might be delayed beyond the Shanghai upgrade. The Hotel California song is about a prison where no one escapes from. Ethereum is becoming the Hotel California of Crypto https://t.co/oRUw4kxvfS —…