The Shapella update has gone live on Ethereum, allowing for new features such as the unstaking of Ether (ETH). Ethereum Foundation researcher Danny Ryan and Ethereum co-founder Vitalik Buterin offered their congratulations to the developers of the network, with Buterin saying that the network is now in a "really good place." The next major feature, EIP-4844, aims to enhance the scalability of rollups on Ethereum. Analytics firm Glassnode expects that less than 1% of staked ETH will be sold following the update, and mechanisms are in place to prevent a massive flood of ETH supply from being dumped in the markets. Freddy Zwanzger, Ethereum ecosystem lead at Blockdaemon, foresees that there may be more interest in ETH staking opportunities from larger investors since there's a clear withdrawal option in place now.

(By EZRA REGUERRA)