Ethereum News Daily TheBitTimes.com

Ethereum core developer Tim Beiko on February 22 announced that the Sepolia Shapella upgrade is scheduled for February 28 at 4 AM UTC. advertisement According to a blog by Ethereum Foundation, the Shapella (Shanghai/Capella) network upgrade will be activated on the Sepolia testnet at block height 56832, which is expected at 04:04:48 UTC on February 28. The upgrade will enable validators to withdraw their Ethereum staked on the Beacon Chain to the execution layer. It will also introduce new functions to both the execution and consensus layers. Full Ethereum staked withdrawal capability will be available with the Shanghai upgrade. The Shapella upgrade introduces changes to the execution layer (Shanghai), consensus layer (Capella), and the Engine API. Ethereum users or ETH holders don’t have to upgrade anything. However, stakers and non-staking node operators are required to upgrade nodes to Ethereum client releases for the Sepolia upgrade. ...

From liquidity pools to liquid staking and “looping,” here are a few approaches you can take to ETH staking — categorized by the Chinese Zodiac. Staked Ether (ETH), liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH Staking wilderness. But remember, anon, as the poet Antonio Machado said, “There is no path, paths are made by walking” — which is a fancy way of saying this isn’t financial advice and make sure you do your own research. Let’s start with the first personality type and the type of ETH staking that might be appropriate. The Ox: Slow and steady The ox, archetypally, has a strong, dependable personality but can be stubborn and suspicious of new ideas. If that sounds like you, you may be interested in staking directly with Lido. Lido Finance is not only the biggest liquid Staking derivative (LSD) protocol but it’s now the biggest decentralized finance (DeFi) protocol in the marke...

Traders are contemplating what will happen to ETH price and staked Ether derivatives after the next network upgrade opens withdrawals for stakers. The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged to $10 billion. Toward the end of 2020 and early 2021, the COVID-19-induced quantitative easing across global markets was in full effect, causing a mega-bull run that lasted almost a year. During this time, Ether’s price increased nearly ten times to a peak above $4,800. After the euphoric bullish phase ended, a painful cool-down journey was exacerbated by the UST-LUNA crash which began in early 2022. This took Ether’s price down to $800. A ray of hope eventually arrived in the third quarter as the market experien...