shanghai

CDCROP: Ethereum New Years Eve NYC (Midjourney/CoinDesk)
What Is the Ethereum Blockchain’s Shanghai Hard Fork, and Why Does It Matter?
The network upgrade, set for March, will address staked ether withdrawals and reductions in gas fees for developers. The milestone will start a new era for the Ethereum ecosystem, following last year's much-hyped transition to a more energy-efficient "proof-of-stake" blockchain.
CDCROP: Ethereum New Years Eve NYC (Midjourney/CoinDesk)

CDCROP: Shanghai, China (Edward He/Unsplash)
Ethereum Developers to Launch New Testnet ‘Zhejiang’ for Simulating ETH Withdrawals
Users will be able to get a sense of how staked ETH withdrawals will work from a testnet due to go fully live on Feb. 7.
CDCROP: Shanghai, China (Edward He/Unsplash)

Markets Daily Podcast Cover
Crypto Update | Sweeping Crypto Regulation? First Update the Bank Secrecy Act
With bitcoin topping the $23.9K mark before retreating slightly amid ongoing investor optimism, plus a look at how the Bank Secrecy Act relates to crypto, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

(bildanova/500px/Getty Images)
Latest Ethereum ‘Shadow Fork’ Brings Blockchain’s Shanghai Upgrade Closer to Reality
The first set of testing has commenced for the much anticipated Shanghai upgrade, expected in March, that will enable staked ether withdrawals. Some minor glitches were reported.
(bildanova/500px/Getty Images)

CDCROP: Plant Growing (Noah Buscher/Unsplash)
Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama
Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space.
CDCROP: Plant Growing (Noah Buscher/Unsplash)

Ethereum merge (Dall-E/CoinDesk)
Crypto Traders Are Already Placing Bets on Ethereum’s 'Shanghai Hard Fork'
The Ethereum blockchain's "Merge" last year turned into a focus of frenzied speculation in crypto markets. Now digital-asset traders are starting to handicap various market scenarios ahead of Ethereum's next big milestone.
Ethereum merge (Dall-E/CoinDesk)

Top liquid staking governance tokens (Source: Coingecko)
Ethereum's Upcoming Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens Higher
Governance tokens of top liquid staking products rally as Ethereum's Shanghai upgrade is set to "de-risk" ether staking by opening ETH withdrawals.
Top liquid staking governance tokens (Source: Coingecko)

CDCROP: Shanghai, China (Edward He/Unsplash)
Ethereum Developers Agree on What Could Be Included in the Next Upgrade – but Not When
Staked ETH withdrawals made the cut – but the timeline for when that will happen still isn't any clearer.
CDCROP: Shanghai, China (Edward He/Unsplash)

CDCROP: What Now grafitti (Tim Mossholder/Unsplash)
Anxious Ethereum Stakers Question When They’ll Be Able to Access Funds
Developers are determined to include staked ETH withdrawals in Shanghai, the next Ethereum update, but the timeline is still vague.
CDCROP: What Now grafitti (Tim Mossholder/Unsplash)

CDCROP: Qingdao City, Shandong Province, China (Cheunghyo/Getty Images)
The Next Major Ethereum Upgrade, Shanghai, Now Has a Testnet
The Shandong testnet will allow developers to experiment with the next phases of Ethereum development, including properly implementing staked ether withdrawals.
CDCROP: Qingdao City, Shandong Province, China (Cheunghyo/Getty Images)