The government of Shanghai has implemented its strategic plan for the development of its urban blockchain digital infrastructure system between the years 2023-2025.
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Category: Shanghai
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US debt ceiling, declining trust in banks send ETH staking to record highs
The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, deterring confidence in USD, the downfall of banks and the high APR offered on the ETH staking.
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World’s Largest Regional Organization to Switch to Settlements in National Currencies
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The […]Powered by WPeMatico
ETH staking passes withdrawals for the first time after Shapella upgrade
Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant chunk of addresses has gone back to re-staking their ETH.
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Less than 1% of staked ETH estimated to be sold after Shapella: Finance Redefined
The top 100 DeFi tokens surged along with the broader crypto market as the total value locked peaked at a new yearly high of over $54 billion.
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How on-chain data can make you a better trader
Join us as we discuss the potential for on-chain data and how it can make you a better trader.
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Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]Powered by WPeMatico
Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply
Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade.
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Ethereum’s Shapella hard fork executed on mainnet
After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum Mainnet.
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When levees break, liquidity flows — Analyzing Ethereum Shapella and liquidity staking derivatives
Volumes from the top five Ethereum staking platforms suggest holders are hedging against the unknown until after ETH withdrawals are enabled.
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