The Ethereum Upgrade: Everything You Need to Know About Shanghai-Capella
This month, Ethereum will undergo the “Shanghai-Capella” upgrade, the largest network upgrade since the “Ethereum Merge” in 2022.
Ethereum Outperforms Other Crypto Assets and Stocks in Q1 2023, Despite Upcoming Shanghai Upgrade's Potential Impact on Price
According to data from IntoTheBlock, Ethereum outperformed most cryptocurrencies and other traditional assets in Q1 2023, recording a gain of 49%. Despite the collapse of Silicon Valley Bank and the Fed's "crackdown," Ethereum's value surged significantly in the first quarter, starting the year at around $1,196 and ending at $1,800.
Crypto Evening Briefing: Saudi Arabia’s $620B Wealth Fund Has Backed Crypto-Friendly VCs
Saudi Arabian wealth fund Sanabil now discloses its investments across the venture capital space, and many of them are into crypto.
VC Fund 1confirmation Led a $2 Million Funding Round in ENS Vision
ENS Vision, the leading marketplace that makes ENS more accessible for the masses, recently raised $2M in a seed round led by a group of investors.
Ether Rallies to 8-Month High, Gains Ground Against Bitcoin
Ether (ETH) rose to an eight-month high of $1,873 on Tuesday, outperforming bitcoin (BTC), which rose to $28,300, according to CoinDesk data. The ether-bitcoin ratio also rose over 1% to 0.066, taking back a small portion of the 7% decline seen last month. The rise in ether's value is attributed to the highly anticipated Shanghai upgrade, which is now less than two weeks away, and the weakening of the US dollar. The upgrade will open withdrawals of ether staked in the Beacon chain since December 2020 and is expected to be a long-term bullish catalyst for ether and liquid staking tokens.
Ethereum Locked-in Beacon Contract Surpasses 18 Million
The number of validators on the Ethereum blockchain has increased rapidly, with 67,500 new validators arriving on the network from January 1, 2023, to the end of Q1. The Ethereum blockchain network currently operates with 13,299 physical nodes in 81 countries, and the USA, Germany, and Finland have the highest node density.
ETH Staking Surges, Could Liquid Staking Derivatives See an Upside
Interest in Ethereum staking has surged as the Shanghai Upgrade approaches, with 15% of all Ethereum supply now being staked, according to Lido. This interest has positively impacted the Liquid Staking Derivative (LSD) space, with protocols such as Lido, Frax Finance, and Rocket Pool benefitting. Lido dominates the space, with 31.4% of all staked ETH deposited through the protocol. Other protocols, such as Frax Finance and Rocket Pool, also stand to benefit from the attention on LSDs. Each protocol's token, LDO, RPL, and FRAX, has seen a rise in interest, with their market caps increasing over the last few days. (ambcrypto)
Crypto Morning Briefing: DOJ Seizes $112M Tied to Cryptocurrency Schemes
KuCoin Wallet Spins Off From KuCoin Exchange, Renames As Halo Wallet; Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains; TradFi Banks Team Up to Create Digital Bonds Trading Platform on Blockchain
Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains
On Monday, Pancakeswap launched version three of its protocol on the Ethereum and Binance Coin (BNB) blockchains, following an announcement in the first week of March. “It’s Pancakeswap v3 Day. Tell us how excited you are,” the dex platform’s official Twitter account posted. According to Pancakeswap developers, the latest iteration features improved capital efficiency, allowing liquidity providers to concentrate capital more efficiently.
Binance Maintains Steady Ethereum Reserves, Ramps Up Bitcoin Holdings
Binance has been under heavy scrutiny for the past week since the CFTC claimed that Binance had breached its trading and derivatives rules.
