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Ethereum Shanghai Upgrade Boosts Ether Staking Among Institutional Investors

Altszn.com by Altszn.com
April 21, 2023
in Ethereum
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Ethereum Shanghai Upgrade Boosts Ether Staking Among Institutional Investors
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Ethereum’s highly anticipated tech update, often referred to as the Shanghai or Shapella upgrade, enabled withdrawals of some 18 million tokens, worth $35 billion, previously locked up in staking contracts starting April 12. After the upgrade, ETH’s price rallied to $2,100, its highest level in 11 months, defying earlier concerns that the unlocking could lead to significant selling pressure and a price crash. The token recently has dropped below $1,900, aligning with a broader crypto market decline.



Read More: www.coindesk.com

Tags: amongboostsETHEtherEthereumInstitutionalInvestorsShanghaiStakingUpgrade
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    • bitcoinBitcoin (BTC) $ 103,430.00
    • ethereumEthereum (ETH) $ 2,368.93
    • tetherTether (USDT) $ 0.999901
    • xrpXRP (XRP) $ 2.39
    • bnbBNB (BNB) $ 641.59
    • solanaSolana (SOL) $ 172.39
    • usd-coinUSDC (USDC) $ 0.999997
    • dogecoinDogecoin (DOGE) $ 0.208620
    • cardanoCardano (ADA) $ 0.795231
    • tronTRON (TRX) $ 0.263878
    • staked-etherLido Staked Ether (STETH) $ 2,377.63
    • suiSui (SUI) $ 4.01
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,315.00
    • chainlinkChainlink (LINK) $ 16.29
    • wrapped-stethWrapped stETH (WSTETH) $ 2,839.65
    • avalanche-2Avalanche (AVAX) $ 23.48
    • stellarStellar (XLM) $ 0.302307
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hedera-hashgraphHedera (HBAR) $ 0.203024
    • hyperliquidHyperliquid (HYPE) $ 25.27
    • bitcoin-cashBitcoin Cash (BCH) $ 415.63
    • the-open-networkToncoin (TON) $ 3.31
    • leo-tokenLEO Token (LEO) $ 8.73
    • usdsUSDS (USDS) $ 0.999936
    • litecoinLitecoin (LTC) $ 99.74
    • polkadotPolkadot (DOT) $ 4.73
    • wethWETH (WETH) $ 2,370.76
    • moneroMonero (XMR) $ 303.89
    • wrapped-eethWrapped eETH (WEETH) $ 2,507.14
    • pepePepe (PEPE) $ 0.000013
    • pi-networkPi Network (PI) $ 0.751419
    • bitget-tokenBitget Token (BGB) $ 4.51
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999324
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,550.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • whitebitWhiteBIT Coin (WBT) $ 30.31
    • uniswapUniswap (UNI) $ 6.42
    • bittensorBittensor (TAO) $ 439.49
    • nearNEAR Protocol (NEAR) $ 2.96
    • aptosAptos (APT) $ 5.70
    • daiDai (DAI) $ 1.00
    • ondo-financeOndo (ONDO) $ 1.04
    • okbOKB (OKB) $ 53.95
    • aaveAave (AAVE) $ 212.29
    • susdssUSDS (SUSDS) $ 1.05
    • ethereum-classicEthereum Classic (ETC) $ 19.32
    • crypto-com-chainCronos (CRO) $ 0.102619
    • official-trumpOfficial Trump (TRUMP) $ 14.48
    • internet-computerInternet Computer (ICP) $ 5.40
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 103,430.00
    • ethereumEthereum (ETH) $ 2,368.93
    • tetherTether (USDT) $ 0.999901
    • xrpXRP (XRP) $ 2.39
    • bnbBNB (BNB) $ 641.59
    • solanaSolana (SOL) $ 172.39
    • usd-coinUSDC (USDC) $ 0.999997
    • dogecoinDogecoin (DOGE) $ 0.208620
    • cardanoCardano (ADA) $ 0.795231
    • tronTRON (TRX) $ 0.263878
    • staked-etherLido Staked Ether (STETH) $ 2,377.63
    • suiSui (SUI) $ 4.01
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,315.00
    • chainlinkChainlink (LINK) $ 16.29
    • wrapped-stethWrapped stETH (WSTETH) $ 2,839.65
    • avalanche-2Avalanche (AVAX) $ 23.48
    • stellarStellar (XLM) $ 0.302307
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hedera-hashgraphHedera (HBAR) $ 0.203024
    • hyperliquidHyperliquid (HYPE) $ 25.27
    • bitcoin-cashBitcoin Cash (BCH) $ 415.63
    • the-open-networkToncoin (TON) $ 3.31
    • leo-tokenLEO Token (LEO) $ 8.73
    • usdsUSDS (USDS) $ 0.999936
    • litecoinLitecoin (LTC) $ 99.74
    • polkadotPolkadot (DOT) $ 4.73
    • wethWETH (WETH) $ 2,370.76
    • moneroMonero (XMR) $ 303.89
    • wrapped-eethWrapped eETH (WEETH) $ 2,507.14
    • pepePepe (PEPE) $ 0.000013
    • pi-networkPi Network (PI) $ 0.751419
    • bitget-tokenBitget Token (BGB) $ 4.51
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999324
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,550.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • whitebitWhiteBIT Coin (WBT) $ 30.31
    • uniswapUniswap (UNI) $ 6.42
    • bittensorBittensor (TAO) $ 439.49
    • nearNEAR Protocol (NEAR) $ 2.96
    • aptosAptos (APT) $ 5.70
    • daiDai (DAI) $ 1.00
    • ondo-financeOndo (ONDO) $ 1.04
    • okbOKB (OKB) $ 53.95
    • aaveAave (AAVE) $ 212.29
    • susdssUSDS (SUSDS) $ 1.05
    • ethereum-classicEthereum Classic (ETC) $ 19.32
    • crypto-com-chainCronos (CRO) $ 0.102619
    • official-trumpOfficial Trump (TRUMP) $ 14.48
    • internet-computerInternet Computer (ICP) $ 5.40
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00