City Shanghai Financial News
26.09 / 21:05
COST
Ethereum
ETH
Bitcoin
Ethereum Merge impacted this sector the most in China
Since graphics cards can no longer be used to mine a cryptocurrency, Ethereum’s long-awaited switch to proof-of-stake has had an even greater impact on the industry.
24.09 / 20:57
markets
Ethereum
Trading
Post-Merge ETH has become obsolete
For years, various blockchain projects were rumored to be future “Ethereum killers,” projects that would unseat Ether from its throne and usurp its title as the top digital asset. That day seems to have come, though it appears it was an inside job. Lido-staked Ethereum (stETH) and other liquid staking derivatives are primed to render Ether (ETH), as an asset, obsolete.
24.09 / 04:35
UPS
Ethereum
ETH
Ethereum’s ongoing price plunge can be a result of this ‘ghost from ETH’s past’
Ethereum’s [ETH] circulating supply has dropped considerable since the much-awaited Merge. According to data from ultra sound money, the supply of the leading altcoin has increased by just 5,000 and an annualized inflation rate of 0.19% since 15 September.
21.09 / 05:57
Citi
Target
businesses
European businesses are rethinking their plans for a 'closed' China
BEIJING — European businesses in China are revaluating their market plans after this year's Covid controls further isolated the country from the rest of the world, said Joerg Wuttke, president of the European Union Chamber of Commerce in China.
20.09 / 09:55
Ethereum
cryptocurrency
merge
After Merge, Ether Heads For A $20 Billion Shanghai Splurge
Some crypto investors are now turning their attention to the next event that could shake up prices.
18.09 / 17:43
UPS
Ethereum
ETH
Platform
How did Lido Finance [LDO] do, before and after Ethereum’s Merge
Prior to the Ethereum mainnet Merge, the majority of all Ether (ETH) staked ahead of the transition of the Ethereum network to a proof-of-consensus mechanism was done on Lido Finance.
17.09 / 16:17
Ethereum
ETH
Twitter
Action
Drop
Ethereum: What ETH’s post-Merge price drop has to do with short-term gains
The long wait came to an end when the much-hyped Ethereum [ETH] Merge completed successfully. This development sparked community excitement, and Twitter was flooded with opinions about what would happen next.
16.09 / 20:19
Climate change
Africa
Queen Elizabeth II
Ukraine war: Pope says yes to weapons, Moscow-installed officials killed, tortured bodies unearthed
Pope Francis said on Thursday that it is morally legitimate for nations to supply weapons to Ukraine to help the country defend itself from Russian attacks.
15.09 / 20:25
Health
Pope Francis
Putin-Xi meeting: Russian leader praises China's balance on Ukraine and slams 'unipolar ugliness'
Russian President Vladimir Putin has denounced what he calls Western attempts to create a "unipolar world" as he met his Chinese counterpart, Xi Jinping, in Samarkand.
15.09 / 07:59
Health
European Union
European Commission
Russia talks 'a great risk for China' as Xi and Putin meet in Samarkand
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping are meeting in the ancient Silk Road city of Samarkand in Uzbekistan this week, an event that will be watched closely across Central Asia, in European capitals and Washington DC.
13.09 / 21:00
Blockchain
Ethereum
ETH
Platform
Decoding Ethereum’s post Merge scenario and everything in between
OKLink, a leading blockchain explorer, shared some news related to the current Ethereum Mainnet with the Beacon Chain PoS system. At press time, the system Merge of the two systems was 99.75% completed.
13.09 / 09:13
UPS
Citi
Target
Weekend
China's tourism revenue came in at 60% of pre-Covid levels this holiday weekend
BEIJING — China's tourism sector ended yet another public holiday with revenue well below what it was before the pandemic hit.
08.09 / 08:31
Blockchain
Ethereum
Analysis
data
Ether price could 'decouple' from other crypto post Merge — Chainalysis
Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption.
08.09 / 00:41
Blockchain
Ethereum
ETH
Racing
Why Ethereum stands at last spot in staking race of PoS chains
What would happen to staking rewards on thepost-merge Ethereum [ETH] proof-of-stake blockchain? Any idea? Consider the following scenario then.
07.09 / 21:13
Blockchain
Ethereum
Binance
Ethereum staking
Low
Binance US launches low-barrier Ethereum staking ahead of The Merge
On Wednesday, the U.S. subsidiary of cryptocurrency exchange Binance announced that it would introduce an Ethereum (ETH) staking program with annual percentage yields of up to 6.0%. Unlike direct staking on the Ethereum network, which would require 32 ETH, only 0.001 ETH would be required under the new service introduced by Binance US. Regarding the development, Brian Shroder, CEO of Binance US, said:
02.09 / 13:23
Target
NVIDIA
Huawei
safe
China's electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now
BEIJING — U.S. restrictions on Nvidia chip sales to China won't affect Chinese electric car companies, as they're using auto systems that don't include the sanctioned products.
24.08 / 15:43
Blockchain
Adoption
Beijing announces two-year Metaverse innovation and development plan
The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.
22.08 / 23:43
UPS
Ethereum
ETH
Ethereum: What could be the impact of Merge on ETH trading
Ethereum has occupied the center stage of the crypto market since Merge talks came to the fore.
17.08 / 20:03
Blockchain
Technology
Ethereum
gas fees
NOT
Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees
According to a new clarification by the Ethereum Foundation on Wednesday, the network's upcoming proof-of-stake transitory upgrade — dubbed the "Merge," — will not reduce gas fees. Regarding this, the Ethereum Foundation wrote:
17.08 / 11:17
UPS
Target
JPMorgan
A high-profile meeting in China may have tipped off which provinces will have highest growth
BEIJING — Chinese Premier Li Keqiang has called on six provinces to take the lead in supporting the country's growth after data for July showed a slowdown across the board.
latest developments in city Shanghai
What is the current situation in city Shanghai?
In city Shanghai, the spotlight is on local government initiatives that affect the region’s daily life.
Where can I find reliable news about city Shanghai?
We publish in-depth coverage about the situation in city Shanghai, based on information from regional journalists.
What shapes the media agenda in city Shanghai?
The news landscape of city Shanghai is shaped by major cultural and social events, reflecting its unique context.
