City Shanghai Financial News
07.02 / 17:45
Blockchain
Ethereum
defi
Staking
Lido plans to level up ahead of Ethereum Shanghai hard fork upgrade
Liquid staking protocol Lido is set to roll out staking reward withdrawals and improved staking architecture with the announcement of the upcoming Lido V2 upgrade.
07.02 / 14:15
Ethereum
defi
Liquidity
Derivatives
Staking
DeFi’s Next Big Thing: Liquid Staking Derivatives
The popularity of liquid staking derivatives (LSDs) has increased significantly in recent months resulting in a surge in cash flow in DeFi. LSDs are a relatively new type of token that enables stakers to augment potential returns by unlocking liquidity for their staked cryptocurrency, such as ETH.
06.02 / 21:33
Ethereum
ETH
cryptocurrency
BTC
Ether
Bitcoin
network
Ethereum Struggles to Attract Investors Despite Upcoming Shanghai Upgrade, Healthy Network Fundamentals
It was another bumper week for crypto investments last week. That’s according to the latest Digital Asset Fund Flows Weekly report from CoinShares, who said that digital assets saw investment inflows of $76 million last week.
03.02 / 20:51
COST
Ethereum
Testnet
Ethereum to Launch Zhejiang Public Withdrawal Testnet
The «Zhejiang» public withdrawal test net is scheduled to be live on February 1 at 15:00 UTC, as stated in a post authored by an Ethereum Foundation developer named Parithosh Jayanthi on January 31. Six days after the Zhejiang testnet is activated, the Shanghai and Capella testnets will both be activated at the same time, which is epoch 1350. As Jayanthi observed: «This is also a perfect chance for all of the tools to try out how they wish to gather, present, and utilise the information about the withdrawals. You have the option of setting a withdrawal address and attempting to convert 0x00 credentials to 0x01 format. By leaving your validator, you are able to try both partial and complete withdrawals.»
03.02 / 17:19
Blockchain
Citi
Digital
Enterprise
Chinese City of Suzhou Aims to Transact $297bn Worth of Digital Yuan in 2023
The city of Suzhou, in China, hopes its residents and local firms will transact a cumulative total of around $297 billion worth of the central bank’s digital yuan token this year.
02.02 / 21:49
02.02 / 02:39
Ethereum
Trading
Ethereum 2.0
Ethereum Price
Proof-of-stake
Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump ETH
Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators to withdraw their assets from the Beacon Chain.
01.02 / 17:57
Blockchain
Ethereum
ETH
Twitter
Progressive
Simulation
Testnet
Withdrawals
Ethereum Developers Launch "Zhejiang" - The New Testnet for ETH Withdrawals
Ethereum developers are getting ready to launch a new test environment that allows testing of highly anticipated withdrawals of staked ETH tokens.
31.01 / 19:59
Blockchain
Technology
Ethereum
Testnet
Ethereum staking
Ethereum staking withdrawal testnet Zhejiang to go online Feb. 1
According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal testnet will launch on Feb. 1 at 3:00 pm UTC. Six days after Zhejiang, the Shanghai and Capella testnets will also be triggered at epoch 1350. Jayanthi noted:
27.01 / 07:17
25.01 / 04:05
ETH
cryptocurrency
Ether
Staking
Whale
boost
Long Dormant Ethereum Whale Suddenly Stakes 49K ETH – Here’s How Increased Staking Participation Can Boost ETH’s Price
A long-dormant Ether whale who participated in the Ethereum Initial Coin Offering (ICO) might be about to stake a massive 32,015 ETH tokens, according to on-chain analytics-focused Twitter account @lookonchain.
25.01 / 01:37
markets
Ethereum
Altcoin
Ether price
Ethereum futures and options data reflect investors’ growing confidence in ETH price
The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.
24.01 / 20:27
24.01 / 00:57
Ethereum
Ethereum 2.0
Upgrade
Staking
Withdrawals
Ethereum devs create 'shadow fork' to test conditions for Ether withdrawals
As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a January 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether (ETH) staking withdrawals, which are currently disabled but are intended to become enabled in the update.
22.01 / 18:07
Blockchain
UPS
Ethereum
ETH
Mobile
Software
open
week
Can Ethereum Price Holding Above $1,600 Open Road to $2,000 in Week Ahead?
On January 22, the second leading cryptocurrency, Ethereum, opened the day at $1,626.68. It has reached the maximum value of $1,635.64 and the lowest value of $1,609.35. ETH/USD is trading at $1,625.85, down by 0.84% in 24 hours. Moreover, the price has increased by almost 5% in a week.
21.01 / 01:19
UPS
Provident
BTC
Lowe's
CoinMarketCap
Bitcoin
Ethereum prices
Bitcoin and Ethereum Prices Get a Chinese New Year Booster in Next Leg of Rally?
On January 20th, Bitcoin is on a bullish run, breaking above a double top resistance level of $21,600 that's exposing BTC towards the $22,500 level. Ethereum has also violated a major resistance area of $1,610 and is closing candles above this level are opening further room for buying until $1,675.
19.01 / 22:59
Ethereum
ETH
Provident
Platform
Why Ethereum Price Will be Propelled Higher by Growing Institutional Interest - ETH to $4k in 2023?
The price of Ether continued to rise this week, but the gains were short-lived as ETH fell lower quickly to $1,510. ETH/USD is now trading at $1,528.12 which is down by 3% in 24 hours and has been increasing by 10% in the past week.
18.01 / 21:09
Ethereum Price
network
500
ethereum network
Ethereum Network Validators Have Surged to 500,000 as Shanghai Fever Grows
Ethereum has reached a new milestone in adoption and security as the number of validators on its network now exceeds 500,000, according to data from BeaconScan. As to whether this milestone or the upcoming Shanghai upgrade will impact Ethereum's price, this depends on a number of factors that we'll explore below.
18.01 / 07:59
Blockchain
Bitcoin inches closer to a 10-year record, as other stats turn bullish
The world's first cryptocurrency Bitcoin (BTC) is one day away from matching its historic 15-day win streak if its positive price movement keeps up.
16.01 / 19:01
Ethereum
ETH
BLOCK
Bitcoin
end
Bitcoin and Ethereum Poised to Resume Rally in Bid to End Bear Market
Despite the continuing struggles of FTX, Bitcoin and Ethereum prices have managed to remain resilient. Both Bitcoin (BTC) and Ethereum (ETH) have seen an upswing, indicating a positive sentiment for cryptocurrency investors.
16.01 / 10:43
Ethereum
Provident
Digital
Bitcoin
Mining Difficulty
network
Time
Bitcoin Price and Ethereum Prediction: BTC Network's Mining Difficulty Rises to All-Time High
Bitcoin (BTC) and Ethereum (ETH), the world's two most popular digital currencies, maintained their lengthy upward trend and surpassed highs of $21,000 and $1,500, respectively. The mining difficulty of the Bitcoin network has recently reached an all-time high, making it more difficult for miners to make a profit.
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