Ether jumps above $2,000 after key upgrade unlocks $31B worth of tokens
CNBC’s MacKenzie Sigalos, joins ‘Closing Bell: Overtime’ to report on Ethereum.
CNBC’s MacKenzie Sigalos, joins ‘Closing Bell: Overtime’ to report on Ethereum.
The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.
About $1 billion worth of ETH is set to be unstaked by Kraken.
The Shanghai and Capella upgrades went off without a hitch.
The upgrade finalizes the switch from Ethereum’s proof-of-work to proof-of-stake mechanism, which cuts the network’s energy usage by 99.9%.
Ether (ETH) has crossed the $2,000 mark after the much-awaited Shanghai and Capella upgrade that was implemented into the Ethereum Mainnet.
Following the successful execution of Ethereum’s latest upgrade, the network’s native asset ETH has soared overnight.
More than $325 million worth of Ethereum (ETH) could hit the open market in the wake of the project’s recent Shapella upgrade, according to the crypto analytics firm Glassnode.
Members of the Ethereum community responded to the latest upgrades that happened on the Ethereum mainnet.
Over 822,000 ether is pending withdrawal on Ethereum, with a dollar value of around $1.6 billion. Earlier today, the dollar value amounted to $1.34 billion.