Binance Will Support ETH 2.0 Staking Withdrawals Starting From April 19
Binance will support ETH 2.0 Staking withdrawals starting from April 19, 08:00 UTC.
Kraken Leads Ether Unstaking Parade, Makes up 62% of Exit Queue
Ethereum's Shanghai upgrade went live on Thursday, allowing those who have staked their ether to begin the unstaking process. Kraken leads the exit queue breakdown with 62%, according to on-chain data tracked by Rated network explorer. The number of validators in the exit queue has surpassed the 15,000 mark at press time, per Parsec Finance. Kraken's dominance in the unstaking queue is largely expected due to the legal issues it faced with the Securities and Exchange Commission, resulting in a $30 million settlement. The Shanghai upgrade appears to have had a marginal effect on the Ethereum protocol and its token, with only a -0.25% change in staked ether, according to Nansen.ai data. Nansen's data shows that 4.35 million ether, or about 24%, is staked at above $3,000.
Ethereum’s Pending Withdrawals Total $1.34 Billion After Shapella
Ethereum's highly anticipated Shapella upgrade went live last night, and within eight hours, over $1.34 billion worth of ether is waiting to be withdrawn. This is a significant development for Ethereum users and validators, as they can now withdraw their staked ether on the network. Currently, 695,750 ether is pending withdrawal, and an estimated $190 million worth of ether is expected to be withdrawn over the next 11 hours. Since the upgrade, the net staking balance has decreased by 63,150 ether, with roughly 67,710 ETH withdrawn and approximately 4,560 ETH deposited. This upgrade is a milestone event for Ethereum, as it fully transitions to a proof-of-stake consensus mechanism.
Ethereum's Shanghai Upgrade Completed, Prompting Kraken and Other Entities to Consider Withdrawal as Network Validators
The completion of the Shanghai upgrade on the Ethereum network may prompt some centralized entities to exit. Validators who secured the network with over 18 million ETH can now initiate withdrawals, with options for partial withdrawals to leave at least 32 ETH deposited or full withdrawals to pull everything off the network.
Ethereum Price Shows Strength, Eyeing $1,925 Resistance Against the US Dollar
Ethereum (ETH) has found support near the $1,855 level and has risen against the US dollar. The cryptocurrency is trading above $1,880 and the 100-hourly Simple Moving Average. A major bullish trend line is forming with support near $1,880 on the hourly chart of ETH/USD. The next major resistance is near the $1,940 zone, and a close above this level could lead to a strong increase.
Ethereum (ETH) Withdrawn After Shanghai (Shapella) Upgrade: Details
According to Beaconcha.in data, 18083.69 ETH withdrawals were processed on April 12 after the Shapella upgrade, with the first 5,413 ETH withdrawals in the epoch 194048.
BitKeep Swap Now Supports zkSync Era, Enabling Cross-Chain Trading
By combining the services of cross-chain bridge Multichain and SWFT, BitKeep now facilitates cross-chain trading between zkSync Era and other blockchains, such as Ethereum, BNB Chain, TRON, Polygon, Arbitrum, and Optimism.
Ethereum's Shanghai Upgrade Sees Huobi Leading in Fund Withdrawals
April 13 (Cointime) - After the completion of Ethereum's Shanghai upgrade earlier today, cryptocurrency exchange Huobi temporarily led the entities withdrawing funds from Ethereum, according to Nansen.
Ethereum's Shanghai Upgrade Sees Huobi Leading in Fund Withdrawals
Huobi ranks first with 28.79% (39,776 tokens), followed by asset allocation governance organization PieDAO at 16.4%.
Ethereum's Shanghai Upgrade: Surprisingly No Significant Drop in ETH Price
The implementation of Ethereum's Shanghai upgrade, which enabled the withdrawal of staked ETH by the network's participants, did not result in a significant drop in the price of ETH, contrary to expectations.
