Ethereum | Sharks stockpile over $6 Billion in Eth
Data from cryptocurrency analytics platform Santiment has revealed that so called ‘Shark’ addresses on the Ethereum blockchain have over the past year stockpiled over $6.2 billion worth of the second-largest digital currency by market capitalization.these addresses are defined as those holding between 10 and 10,000 ETH, or between $17,500 or $17.5 million worth of the cryptocurrency, and their supply has grown by 554,000 ETH in the past week, according to the platform’s data.
Meanwhile, however, while ETH sharks have been accumulating heavily, whales on the network have “collectively dumped 9.4 million in the same timeframe.” These whales are defined as addresses holding between 10,000 and 10 million ETH, meaning from $17.5 million to $17.5 billion worth of the cryptocurrency. crypto forums are paying close attention to the various banking crises occurring globally. The company notes that “laws and policies going forward may have a dramatic impact on the trajectory of cryptocurrency”.
Notably, Ethereum is set to undergo its highly-anticipated Shanghai-Capella upgrade, often referred to as Shapella, upgrade on April 12. The upgrade includes one key feature, with Ethereum Improvement Proposal, EIP 4895 will allow for withdrawals of staked Ether on the network, a functionality that wasn’t implemented when the network merged with the Beacon Chain and transitioned to a Proof-of-Stake consensus.the upgrade will also feature three other improvements aimed at optimizing gas costs for certain activities. The upgrade is set to take place on April 12 at epoch number 620,9536. Shapella is coming after multiple phases of public testing on three testnets, including Sepolia, Zhejiang, and Goerli. The upgrade was earlier this week deployed on the Goerli testnet as a final rehearsal ahead of the mainnet launch.
The price of Ethereum is $1,820 today with a 24hour trading volume of 14 billion dollar. This represents a 5% price increase in the last 24 hours and a 27% price increase in the past 7 days
next targets are 1830, 1840 and 1850$
Meanwhile, however, while ETH sharks have been accumulating heavily, whales on the network have “collectively dumped 9.4 million in the same timeframe.” These whales are defined as addresses holding between 10,000 and 10 million ETH, meaning from $17.5 million to $17.5 billion worth of the cryptocurrency. crypto forums are paying close attention to the various banking crises occurring globally. The company notes that “laws and policies going forward may have a dramatic impact on the trajectory of cryptocurrency”.
Notably, Ethereum is set to undergo its highly-anticipated Shanghai-Capella upgrade, often referred to as Shapella, upgrade on April 12. The upgrade includes one key feature, with Ethereum Improvement Proposal, EIP 4895 will allow for withdrawals of staked Ether on the network, a functionality that wasn’t implemented when the network merged with the Beacon Chain and transitioned to a Proof-of-Stake consensus.the upgrade will also feature three other improvements aimed at optimizing gas costs for certain activities. The upgrade is set to take place on April 12 at epoch number 620,9536. Shapella is coming after multiple phases of public testing on three testnets, including Sepolia, Zhejiang, and Goerli. The upgrade was earlier this week deployed on the Goerli testnet as a final rehearsal ahead of the mainnet launch.
The price of Ethereum is $1,820 today with a 24hour trading volume of 14 billion dollar. This represents a 5% price increase in the last 24 hours and a 27% price increase in the past 7 days
next targets are 1830, 1840 and 1850$
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we hit the first target
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we hit the second target too ✅
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v hit all targets ✅
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new traders: patterns are hard, no one know whats gonna happen
patterns:
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Ethereum Developer Conference: Testing of Shapella upgrade is entering its final stages, with a last mainnet shadow fork scheduled next week and cross-client EVM fuzzing of the latest releases
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next targets are 1880, 1885 and 1890
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we hit all targets again✅
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Ethereum supply has decreased by more than 80,000 ETH since the Merge update, and the annual deflation rate is 0.11%
In addition, Ethereum's pledge amount is about 18.03 million and APY's annual pledge yield is 3.77% There are still 2 days and 12 hours left before the Merge update.
In addition, Ethereum's pledge amount is about 18.03 million and APY's annual pledge yield is 3.77% There are still 2 days and 12 hours left before the Merge update.
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An ETH liquid staking vault is now available ahead of the Shanghai upgrade.
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ETH Futures Contracts Open Interest just reached a 7month high of 30,364,511 on Kraken
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SEC Chairman Gary Gensler repeatedly refused to explicitly answer House Financial Services Committee Chairman Patrick McHenry's question on "Is ETH a commodity or a security" at the hearing. Gary Gensler said it depends on the legal facts and does not want to prejudge
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The Ethereum Foundation announces the launch of the first Devconnect Istanbul Scholars Program, which will provide talented and values-aligned individuals from communities currently geographically and demographically underrepresented in Ethereum with financial support to attend Devconnect in Istanbul this November. The application deadline is 2023 July 23 day
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Trade active:
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BlackRock CEO Larry Fink says they "see value in having an Ethereum ETF."
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