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Ethereum’s Shapella Hard Fork Executed on Mainnet

The Shapella hard fork has officially been executed on the Ethereum Mainnet— meaning that Ethereum validators can finally withdraw their staked Ether (ETH) from the Beacon Chain.

Ethereum Trades Flat After Ethereum Shanghai Upgrade

Ethereum's long-awaited Shanghai upgrade has been deployed. Traders have responded cautiously and unfazed as the price of ether trades flat, increasing 1% after the upgrade went live.

DeFi Migration: Why dYdX and SushiSwap Abandon Ethereum

As more crypto projects — like dYdX and SushiSwap — search for cheaper and faster DeFi alternatives, Ethereum’s getting left behind. Are we Observing the fall of the king or the specialization of networks?
DeFi Migration: Why dYdX and SushiSwap Abandon Ethereum

ETH Battles With $1.9K as Shanghai Upgrade Looms (Ethereum Price Analysis)

In recent months, Ethereum has experienced a significant surge in price, surpassing multiple resistance levels. However, the bullish momentum appears to be fading, and the cryptocurrency is currently having difficulty in continuing its upward trend. As of now, ETH is struggling to maintain its position and surpass a significant resistance region.

Crypto Evening Briefing: Crypto Regulation by Enforcement Is ‘Really, Really Bad,’ Says Binance CEO

Binance CEO Changpeng Zhao has said that regulation, rather than lack of clarity, is a better option for the crypto industry. However, he added that regulation by enforcement is bad.
Crypto Evening Briefing: Crypto Regulation by Enforcement Is ‘Really, Really Bad,’ Says Binance CEO

Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP Capital

QCP Capital, a Singapore-based crypto options trading firm, expects a deeper decline in the ether-bitcoin (ETH/BTC) ratio following the upcoming Shapella hard fork, dubbed the Shanghai upgrade. The ETH/BTC ratio has declined 13.7% this year amid fears that investors will rush to liquidate coins after Shapella opens withdrawals of staked ether. QCP Capital predicts that selling pressure will lead to further bearish price action on ETH and a decline in the ratio to 0.0553. While some analysts suggest the selling pressure will be distributed over several days, QCP Capital sees no bullish case for the event and expects continued and sustained spot selling pressure in thin markets.

Ethereum Liquid Staking Governance Tokens Fall Ahead of Shapella Upgrade

The prices of lido DAO, rocket pool, and frax share, the three biggest governance tokens for Ethereum liquid staking protocols, have dropped between 4.6% and 9% in the last 24 hours ahead of the network's upgrade. These losses are worse than ether, which has only lost 2.4% of its value in the last 24 hours and 2% over the last week. Liquid staking protocols allow people to stake their ether and receive a derivative token that represents the locked cryptocurrency, with governance tokens used to manage how the protocols develop. The Shapella upgrade will allow ether stakers to unstake their ether and withdraw their coins.

Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai Upgrade

The Ethereum blockchain's Shanghai upgrade, or Shapella, is expected to unlock $30bn worth of ether locked in the network since the end of 2020. Some analysts expect an ether price decline after the upgrade as users liquidate their holdings, while others believe the expected uptick in selling pressure is already factored in and the market will bounce after the event. Henry Elder, head of decentralized finance at Wave Digital Assets, sees the upgrade as a "sell the news" event, while Sean Farrell, head of digital asset strategy at FundStrat, expects an ether-bitcoin rally following the completion of the event.

Ethereum's Shanghai Upgrade on Deck; Developers, Traders Aflutter With Anticipation

Ethereum's Shanghai upgrade, also known as Shapella, will enable the first-ever withdrawals of staked ether (ETH) and complete the network's transition to a fully functional proof-of-stake network. The upgrade is expected to take place at around 6:30 p.m. ET (22:30 UTC). Ethereum developers say they're feeling confident the upgrade will go smoothly, and the Ethereum Foundation doubled its "bug bounty" program awards to $500,000 ahead of Shanghai to encourage individuals to report any vulnerabilities they could find. Crypto market analysts have weighed in on how ether might trade as Shanghai goes live, with some suggesting it will have limited if any impact on the market for ether.