Ethereum

Ethereum, a decentralized blockchain platform, has emerged as a prominent player in the world of cryptocurrencies. It is not just a digital currency like Bitcoin but also a platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Ethereum's underlying technology, powered by its native cryptocurrency Ether [ETH], offers a secure and transparent environment for executing peer-to-peer transactions without the need for intermediaries. With a vast community of developers, businesses, and individuals involved, Ethereum has become a hub for innovation and collaboration in the crypto space. Companies across various industries are exploring the potential of Ethereum's smart contract capabilities to streamline operations, enhance security, and reduce costs. Moreover, Ethereum's open-source nature allows for the creation of new protocols and blockchain networks, fostering interoperability and scalability within the ecosystem. Crypto exchanges play a crucial role in facilitating the trading of Ethereum, providing a platform for individuals and institutions to buy, sell, and store their ETH securely. As the demand for Ethereum continues to grow, so does the number of exchanges offering ETH trading pairs, ensuring liquidity and accessibility for investors.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person


Markets

Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High

ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data.

BTC and ETH trade higher on moderate volume to begin the week. (DALLE-E/Coindesk)

Opinion

Why Didn’t You Sell the News of Ethereum’s Shanghai Upgrade?

There was not a mass unlock of staked ETH, as some predicted, boding well for Ethereum and liquid staking derivatives.

(AbsolutVision/Unsplash)

Videos

Ethereum Stands Firm as Shanghai Upgrade Rolls Out

Ether (ETH) broke the key $2,000 level after Ethereum completed the Shanghai upgrade, allowing the network to process staking withdrawals. The most recent market updates and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Videos

Ether Crosses $2K After Shanghai Upgrade

Ether (ETH) surpassed $2,000 on Thursday, reaching the highest point since August after a successful network upgrade called Shanghai, or Shapella. Besu Protocol Engineer Justin Florentine discusses the upgrade after Vitalik Buterin said, "we're in a stage where the hardest and fastest parts of the Ethereum protocol's transition are basically over.” 

Recent Videos

Markets

Binance to Support Ether Staking Withdrawals From April 19

Ethereum implemented the Shanghai upgrade early Thursday, opening withdrawals of more than 18 million ETH staked in the blockchain since late 2020.

(Nikhilesh De/CoinDesk)

Markets

Kraken Leads Ether Unstaking Parade, Makes up 62% of Exit Queue

Crypto exchange Kraken agreed to shut down its U.S. crypto staking service in February as part of a settlement with the Securities and Exchange Commission.

Shanghai's Nanjing Road (Benjamin Pattin/Unsplash)

Finance

Ether Trades Flat After Ethereum Shanghai Upgrade

Analysts had been divided on how prices might react.

ETH price chart (CoinDesk and highcharts.com)

Tech

Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals

The upgrade on the blockchain, also known as "Shapella," was triggered at 22:27 UTC, and the network is now processing withdrawal requests.

(DALL-E/CoinDesk)

Tech

Ethereum Shanghai Upgrade Will Be a ‘Game Changer’ for ETH Token Holders, RockX CEO Says

The growing prevalence of staking could help establish benchmark interest rates for blockchain-based money markets, Zhuling Chen said.

(Midjourney/CoinDesk)

Tech

Only a Tiny Amount of ETH Is Poised to Be Withdrawn After Ethereum Shanghai Upgrade, Nansen Says

Less than 1% of previously staked ETH is in the queue waiting to be withdrawn.

(Dall-E/CoinDesk)