Ethereum’s Annualized Deflation Rate Briefly Surpasses 5%
Last Saturday, the annualized burn rate as a result of Ethereum Improvement Proposal 1559 jumped to its highest since last May at 5.679%, outstripping the Ether issuance rate of 0.578% by a whopping 5.101%. The deflation rate has since dropped to around 1.75% as of Wednesday the 15th of March.
Ethereum Core Developers Set April 12 for Shanghai Hard Fork
A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16.
Playboy Reports $4.9M Impairment Loss on Ethereum It Accepted as NFT Payments
During the peak of the crypto market in October 2021, the company initiated its "Rabbitar" NFT project and accepted Ethereum as payment.
Playboy Lost $4.9M on Ethereum It Accepted As NFT Payments
PLBY Group (PLBY), the parent company of Hugh Hefner's Playboy, said it took an impairment loss of $4.9 million on the Ethereum it held last year, as crypto winter saw a significant decline in the broader market prices.
Arbitrum To Airdrop ARB Tokens In March, Complete Details Inside
Arbitrum, a famous Layer 2 project on Ethereum, recently announced that they will be airdropping a governance token on March 23 with the ticker symbol ARB. This follows Arbitrum’s prior announcement that it intends to transition to a fully decentralized model. This airdrop will account for 12.75% of the token’s entire supply and will be given to users who have been active on the network within the past year.
Coinbase: Ethereum’s Shepella Upgrade May Need ‘Weeks to Months’ for Unstaking Requests
On Wednesday (March 15), Coinbase explained what its users need to know about Ethereum’s upcoming Shapella Upgrade, which allows for withdrawals of staked Ether ($ETH) and is expected to be deployed to the Ethereum mainnet around mid-April.
Ethereum Shanghai Upgrade Date Officially Announced
The most-awaited Ethereum Shanghai upgrade now has an official date. During the All Core Developers Execution Layer (ADCE) meeting on Thursday, Ethereum core developers set April 12 as the official date for the Shanghai mainnet upgrade.
Ethereum’s Shanghai Hard Fork Now Has an Official Target Date
Ethereum developers set a target date of April 12 for its long-awaited Shanghai hard fork during the All Core Developers Execution Layer #157 call Thursday.
Coinbase Expects High Demand for ETH Unstaking With Shanghai Upgrade
Coinbase anticipate that demand for unstaking will be high soon after the upgrade and it may take the protocol weeks to months process unstaking requests.
Banking Contagion Sparks Crypto Frenzy: Investors Rush to ‘HODL’ Bitcoin and Ethereum
After the widely publicized collapse of the Silicon Valley Bank (SVB), accompanied by two other major banking institutions crashing and more at risk, investors seem to be increasingly flocking to the alternative solution – cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
