Staked ETH Withdrawals Being Processed on Ethereum Goerli Testnet Ahead of Shanghai Fork
The final dress rehearsal for Ethereum’s upcoming Shanghai upgrade, more accurately known as “Shapella,” occurred Tuesday on the Goerli test network (testnet). The test simulated staked ether (ETH) withdrawals, bringing the highly anticipated upgrade closer to its final step: activating live on the mainnet blockchain sometime next month.
Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
A wallet named after Ethereum co-founder Vitalik Buterin spent 500 ether, or just over $700,000, over the weekend to mint the lesser-known RAI stablecoin and used the funds to purchase USD Coin (USDC) while it traded below its $1 peg.
Ethereum Deflation Accelerates to New Record Six Months Post Merge
Deflation on the Ethereum network is ramping up as the supply has dropped to a record low six months after The Merge. Since the milestone event happened just under six months ago, the ETH supply has dropped by nearly 63,000. The current supply stands at about 120.45 million ETH.
Ethereum Limits Full Shanghai Withdrawals for 18 Months
Ethereum’s official website says Shanghai could go live during the first half of 2023. Some experts believe the upgrade could activate as early as US tax day: April 15.
Bitcoin, Ether Gain After U.S. Regulators Take Charge To Shield Deposits Across Crypto-Related Banks
Bitcoin and Ether gained in Monday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, after U.S. regulators took charge of Silicon Valley Bank and Signature Bank, both with exposure to crypto industry, protecting deposits and confirming that no losses will be borne by the taxpayer.
Bitcoin, Ethereum Gains Over 8%; Whereas Major Altcoins Jump Over 6% As Market Recovers
Bitcoin and other Altcoins are still seeing a jump today despite the collapse of two major crypto-related banks last week. As of writing, Bitcoin price increased by 8.68% in the last 24 hours. Ethereum price increased by 8.01%. Crypto prices today for Cardano price rises by 9.69%. Solana price hikes by 8.48%. XRP increased by 0.39%. Litecoin jumps by 11.18%.
Silicon Valley Bank and Silvergate Bank Implode; USDC Stablecoin Depegs From $1 | Cointime Weekly Mar.05 – Mar.11
Silvergate closes as crypto banking concerns spread; Meta is building a decentralized, text-based social network; Biden proposes 30% tax on crypto mining electricity usage; CFTC chair says Ethereum and stablecoins are commodities.
Crypto Morning Briefing: Joe Biden’s Government Proposes 30% Crypto Mining Tax
Silicon Valley Bank Closed by California Regulator; Next Stop Shanghai — Ethereum’s Latest Milestone Approaches; DegenZoo Used AI To Create Logan Paul’s NFT Game Without Him; AI Blockchain Solution CryptoGPT (GPT) Gets Listed on Leading Exchange Bitget
Best Blockchain Platform for Your NFT Marketplace: A Comprehensive Guide
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ETH Enters $1.3K Price Range; Declines 10% in the Last 24 Hours
Ethereum has tumbled more than 10% since trading began on Friday, entering the $1,387 range down more than 71% from its all-time high in November 2021.
