Ether Breaking Out Ahead of Ethereum’s Shanghai Upgrade: Bernstein
Ether (ETH) has gained 6% in the last 24 hours ahead of the Ethereum blockchain's Shanghai upgrade, according to a research report by Bernstein. The upgrade, scheduled for April 12, will enable the withdrawal of staked ether. The report notes that almost 70% of staked ether is via liquid staking protocols such as Lido, allowing investors to sell their stETH regardless, and the remaining staked ether has been directly staked into the beacon chain. The ability to deposit and withdraw ether easily gives more confidence for holders to stake, and those on the sidelines are more likely to stake now, the report added.
Ethereum Price Jumps 5% and ETH Could Gather Momentum Above $2,000
The price of Ethereum has surged over 5% and crossed the $1,850 resistance level against the US Dollar. ETH is currently trading above $1,850 and the 100-hourly Simple Moving Average after breaking above a rising channel with resistance near $1,880.
ETH Hits 7-Month High Ahead of Shanghai and Capella Upgrades
Ether (ETH) has surpassed $1,900 for the first time in over seven months, ahead of the Ethereum Shanghai hard fork set to take place on April 12. The hard fork will implement EIP-4895, allowing validators and stakers to withdraw staked ETH from the beacon chain. The recent price increase could be driven by expectations of the Fed easing up on its quantitative tightening efforts or by increased demand for Ether due to staking becoming more flexible. While Bitcoin has also recorded gains in recent days, ETH/BTC has increased by nearly 3% in the last week, suggesting both factors may be contributing to Ether's price jump. The execution of The Merge in Sept. 2022 caused ETH's price to drop sharply, but the impact of the Shanghai and Capella updates is currently speculation.
Polyhedra Network Launches zkBridge Mainnet Alpha for Cross-Chain Interoperability
zkBridge is the first trustless, efficient, secure, and universal cross-chain bridge with advanced zero-knowledge proof technology.
Ethereum’s Upcoming EIP-4844 Upgrade Has Game-Changing Potential, Says Bitwise CIO
Matt Hougan, the Chief Investment Officer of Bitwise Investments, expressed his excitement about the development activity in the Ethereum ecosystem, particularly regarding Ethereum Improvement Proposal 4844 (EIP-4844). This upgrade aims to significantly reduce transaction costs, which could unlock many new applications.
ERC-4337 — Why Would This Change Ethereum To Mass Adoption?
This article will unveil why the ERC-4337 (Account Abstraction) will be the key to the mass adoption of Ethereum. It is the rewritten (and improved) version of my previous article written in Thai.
NFT Decentralized Exchange Collection.xyz Launches on Ethereum
The NFT market is increasingly adopting DeFi components.
Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses
Bitcoin.com recently reported on the exploitation of MEV (Maximal Extractable Value) bots on the Ethereum network, resulting in $25.3 million in cryptocurrency losses. The incident was reportedly caused by a rogue validator on the Ethereum network who used a MEV bot to manipulate transactions and steal funds.
