Pinakabagong Balita sa Crypto at Market Updates

Ethereum Shanghai Upgrade Go Live With ETH Price Steady

The worlds second-largest cryptocurrency Ethereum (ETH) continues to hold above the $1,900 level as developers successfully carry out the Ethereum Shanghai upgrade, also dubbed Shapella.　　Ethereums lead development Tim Beiko confirmed the Shanghai upgrade calling it “official”. This is a major upgrade for the Ethereum community as it allows users to withdraw their staked ETH ever since the launch of the Beacon chain.　　As per the details, the Shanghai upgrade was triggered at 22:27 UTC and finalized at about 22:42 UTC. Nearly 30 minutes after the activation of the Shanghai upgrade, the system processed nearly 285 withdrawals in epoch 194,408, for about 5,413 ETH ($10 million worth).　　According to Coin Metrics, nearly 1.2 million ETH tokens worth over $2.3 billion as of the current price are withdrawals over the next five days. Moreover, a total of $36.7 billion of Ether (ETH) has been locked for staking. During the live stream of the Shanghai upgrade, Ethereum co-founder Vitalik Buterin said:　　“We‘re in a stage where the hardest and fastest parts of the Ethereum protocol’s transition are basically over. Very significant things still need to be done, but those very significant things can be safely done at a slower pace.”　　He said that post the Shanghai upgrade,

2023-04-13Ethereum

SoftBank Moves to Slash Alibaba Stake, Fueling $13 Billion Slump

(Bloomberg) — SoftBank Group Corp. is moving to sell the majority of its stake in Chinese internet giant Alibaba Group Holding Ltd., the Financial Times reported, the latest sign of long-time China investors lowering their exposure there.　　The Japanese technology investor has sold more than $7 billion in Alibaba shares this year through prepaid forward contracts, after selling $29 billion last year, according to the newspaper. The contracts give SoftBank the option to buy the shares back, but the group has settled previous deals by handing over the stock, the Financial Times reported.　　Pummeled by losses on its startup bets, SoftBank has said it would prioritize financial discipline before seeking the right time to go on the offensive with investments. Investors are also speculating if the company will launch another buyback program.　　Alibaba shares fell as much as 5.2% in Hong Kong on Thursday, erasing about $13 billion of market value. SoftBank shares were little changed in Tokyo after dropping about 8% this year through Wednesdays close.　　The sales will reduce the Japanese conglomerate‘s ownership of Alibaba to less than 4%, the paper said, citing its analysis of regulatory filings. That’s down from around a 14.6% stake the company said it was slated to

2023-04-13Industriya

U.S.’s Influence May Ascend Due to Actions Against Crypto: Report

crypto　　U.S.s Influence May Ascend Due to Actions Against Crypto: Report　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Andreessen Horowitzs a16z released a report about the current state of crypto in the U.S.　　The report suggests that action against the crypto industry might damage U.S. influence.　　A recent report from a16z hints that with recent attacks on crypto, the U.S. might lose its edge on the global stage. Released on April 11, the report links the recent enforcement actions and court cases against crypto entities and argues that they might diminish Americas leadership in digital assets.　　The Report by a16z and Current U.S. Crypto Scenario　　The recent report by Andreessen Horowitzs a16z highlights some parameters that were declined due to crypto activities in the U.S.　　For instance, in 2018, around 40% of developers were in the States,　　This figure dropped in 2022 to 30%.　　The crypto-related websites saw a considerable decline in their U.S. user base for the third year.　　In 2019 the user traffic was around 23%, while in 2022, it went down to 15%.　　This declining user traffic can be linked to increasing Web3 influence. The report then suggests pointers for the regulators to act upon.　　Recent activities show that banning new technologies and business models seriously hampers American values,

2023-04-13Industriya

OpenSea collector pays 100 ETH for a free NFT: Nifty Newsletter, April 5–11

Ethereum NFT　　OpenSea collector pays 100 ETH for a free NFT: Nifty Newsletter, April 5–11　　35 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　In this weeks newsletter, find out why a nonfungible token (NFT) collector paid $192,000 for a free NFT. Check out how community members responded as Reddit deployed its contract for its Gen 3 NFT avatars, and how a previously unreleased David Bowie track has been turned into an NFT. In other news, discover how LooksRare plans to compete with rival NFT marketplaces through a new upgrade, and how NFTs can unlock a biodegradable vinyl record.　　Nag-deploy ang Reddit ng mga kontrata ng Gen 3 NFT avatar sa Polygon　　Social media forum site Reddit has recently deployed the smart contract for its third-generation digital collectibles known as Reddit Avatars. The contract was deployed on the Polygon blockchain, with community members excited for the much-awaited drop.　　Some praised the discussion websites marketing efforts to change the dominant narrative within its platform, with many anti-NFT community members becoming neutral and pro-NFT through Reddit Avatars.　　Ang OpenSea collector fat finger ay gumagamit ng 100 ETH na bid para sa libreng NFT　　An NFT collector has seemingly mistakenly bid 100 Ether (ETH), worth around $192,000 at the time of writing,

2023-04-13Ethereum

Worst-case scenario could see up to 1.54M ETH becoming liquid after Shanghai upgrade

Ethereum　　Worst-case scenario could see up to 1.54M ETH becoming liquid after Shanghai upgrade　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Mabilis na Kumuha　　With Ethereum‘s Shapella upgrade due in a matter of hours, the market is ripe with speculation about its effects on ETH’s price.　　The Shapella upgrade is a combined name for two upgrades – the Shanghai upgrade, implementing changes to Ethereum‘s execution layer, and the Capella upgrade, implementing changes to Ethereum’s consensus layer.　　Among several minor upgrades to gas fees, Shapellas significance lies in its ability to allow users and validators to access their staked ETH.　　Validators will have two options when it comes to withdrawing their staked ETH — partial and full.　　Partial withdrawal　　The Shanghai upgrade allows validators to withdraw only a portion of their ETH stake and reduce their validator balance to the required 32 ETH.　　The excess balance that can be partially withdrawn is roughly 1.137 million ETH, worth around $2.1 billion at press time. This is the excess validator balance that isn‘t required to participate in Ethereum’s Proof-of-Stake consensus mechanism.　　However, only validators with a withdrawal credential oxo1 are able to partially withdraw their stake. CryptoSlate analysis showed that this is roughly 44% of validators able to withdraw around 276,000 ETH.　　Validator Count:

2023-04-13Ethereum

Ethereum Shapella Upgrade To Soon Go Live; Know What’s Ahead

Ethereum　　Ang Ethereum Shapella Upgrade Upang Malapit nang Mag-Live; Alamin kung ano ang nasa unahan　　15 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Another highly anticipated Ethereum Shapella Upgrade will go live around 6:30 ET or 22:30 UTC. Ethereum (ETH) expectations are high, with the upgrade just around the corner.　　With Shapella,　　Ethereum plans to upgrade the execution layer of the blockchain called Shanghai, the consensus layer called Capella　　Hence Shanghai + Capella = Shapella, and Engine API　　The upgrade would allow access to nearly 15% of the total ETH.　　Ethereum Shapella Upgrade Going Live　　Nearly $33.7 Billion worth of ETH has been staked since the last hard fork Merge, and the investors have been waiting for returns and yields ever since. All these can now be un-staked once the Shapella Upgrade goes live, but not everything will be available all at once.　　In a week from the upgrade, around 1.1 Million ETH worth approx $2 Billion would be available for grasp. 　　The rest will be made available from May 2023 in a distributed and sequential manner, thereby reducing the withdrawal pressure on the network. They also incorporate certain security measures to ensure malicious actors cannot exploit the increased traffic and that investors are safe while un-staking their rewards.　　According to

2023-04-13Ethereum

Crypto hedge founder says sell pressure projections on Ethereum are too high

crypto Ethereum　　Sinasabi ng tagapagtatag ng Crypto hedge na masyadong mataas ang sell pressure projection sa Ethereum　　13 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　North Rock Digital‘s founder Hal Press said Ethereum (ETH) selling pressure wouldn’t be as high as many predicted after the Shapella upgrade.　　Sa isang Abril 12 tiriritPress explained that available data suggests that “most selling projections were too high and the selling will not be as strong as anticipated.”　　According to Press, only 4,000 Ethereum validators have voluntarily exited the validator pool. Of this number, 1600 are individual stakers and are most likely to sell.　　Press said:　　“Of this 1600 I estimate conservatively that 50% will sell and 50% will reallocate somewhere else (liquid staking didn‘t exist when they started staking). This leaves 800 validators likely to sell, that’s 25,000 ETH. Plus another 50-60k on withdrawals so ~85k ETH total.”　　Press noted that even if his predictions were three times low, only 250,000 ETH would be available for sale after the unlocking. According to him, this number is “quite insignificant” considering the overall supply.　　With the Shappella upgrade scheduled for later today, several analysts had predicted that the token unlocks could increase the selling pressure on ETH.　　Analytical firms predict less selling pressure　　Blockchain analytical firm

2023-04-13Ethereum

The Ethereum Upgrade is Now Imminent – Trustnodes

Ethereum　　Ang Ethereum Upgrade ay Malapit na Ngayon – Trustnodes　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　One of the biggest upgrade of the ethereum network in seven months is to go out in just hours according to estimates of Shapella activation.　　Shapella, standing for Shanghai and Capella, is to upgrade the Beacon chain and the execution layer to primarily unlock the staking eth.　　That brings the transition to full Proof of Stake (PoS) to its final stage some eight years since plans were announced for this development.　　As the unlock of eth might bring new circulating supply to market, it is a big event for traders too who have been speculating for months just how the unlock may affect prices.　　About 15% of eths supply is currently staking, though some expect only 170,000 eth out of that ◊18 million will be withdrawn.　　Currently there are 4,000 validators who have already exited. At 32 eth each, that makes it ◊128,000 who have already joined the queue to withdraw, worth about $250 million.　　Whether that‘s the end of it is to be seen as ethereum’s staking amount becomes volatile, rather than only up as it has been so far.　　Yet, the unlock may allow for the actual re-pricing of eths

2023-04-13Ethereum

Ethereum’s price expectations amid Shanghai upgrade

ETH attempted to rise above the $1,925 and $1,940 resistance levels but was unsuccessful in settling above the $1,925 resistance zone.　　Consequently, a bearish reaction occurred, pushing the price below the $1,900 level. The decline also broke a key bullish trend line with support near $1,870 on the hourly chart.　　Currently, ether is trading below $1,880 and the 100-hourly simple moving average, showing several bearish signs below the $1,865 support.　　If the price recovers, it might face resistance near $1,880 and the 100-hourly simple moving average.　　ETH/BTC chart indicates a downward trend　　The ETH/BTC chart, more indicative of future ETH price moves than the ETH/USD chart, reveals that ether has been in a downtrend since September 2022.　　ETH/BTC price chart | Source: TradingView　　This suggests that funds are flowing from ETH to BTC, and BTC is now trading at its highest level since June 2022.　　For ETH to turn bullish, it either needs to break out of the downtrend on its BTC chart or close a day above $2,030 on its USD chart.　　However, both scenarios are unlikely if the BTC/USD gets rejected from $30,000.　　Price action will likely remain volatile this week due to the release of the CPI report on April 12.　　#CPI statistics ????　　Forecasted : 5.2%　　Previous Data :

2023-04-12Ethereum

Ethereum Shanghai upgrade for geeks: unpacking the tech side

The highly anticipated ethereum Shanghai upgrade is scheduled for activation today, April 12th, following a swift consensus reached during the 157th AllCoreDevs Execution Layer meeting.　　What are the execution changes brought by Shanghai？　　This move comes after a smooth Goerli testnet transition and aligns with the Ethereum Foundations March 28 blog post providing some details. The Shanghai upgrade follows the transition to proof-of-stake. It brings new functionalities to both the execution and consensus layers of the ethereum (ETH) blockchain while also allowing validators to withdraw their stake from the Beacon Chain back to the execution layer.　　The upgrade includes changes in the execution layer (Shanghai), consensus layer (Capella), and the Engine application programming interface. Key execution layer changes include EIP-3651 (warm COINBASE), EIP-3855 (PUSH0 instruction), EIP-3860 (limit and meter init code), EIP-4895 (beacon chain push withdrawals as operations), and EIP-6049 (deprecate SELFDESTRUCT).　　Warm coinbase　　EIP-3651, Warm COINBASE, optimizes gas costs for direct COINBASE payments on Ethereum by initializing the COINBASE address as warm at the start of transaction execution. This encourages the use of ETH as the primary payment method and maintains compatibility without introducing security concerns.　　In the context of ethereum and other blockchain networks, “coinbase” refers to the address that receives the block reward

2023-04-12Ethereum

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