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Ethereum

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games. Ether is the native token for the Ethereum ecosystem.

The rebalancing comes as ether rallies off a successful Shapella upgrade.

Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token

Arbitrum

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the $30,600 level on Friday. Ethereum (CRYPTO: ETH) also moved higher, hitting the key $2,100 mark this morning.

Ethereum Hits $2,100 Following Economic Data; Rocket Pool, Arbitrum Among Top Gainers

Amid concerns over mass withdrawals, in the last 24 hours, roughly 94,800 Ethereum has been deposited to the network.

$198M in Ethereum Staked to Network in Last 24 Hours

The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Ether Steals the Show, Alts Follow Suit

Bitcoin

Bitcoin moved towards the $31,000 mark on Friday, ahead of upcoming retail sales data from the United States. Sales are expected to remain flat, whilst overall consumer sentiment is forecasted to rise to 62.7, from a reading of 62.0. Ethereum extended recent gains, hitting an eleven-month high in the process.

Bitcoin, Ethereum Technical Analysis: BTC Nears $31,000, as ETH Hits 11-Month High

A leading analytics firm says that leading smart contract platform Ethereum (ETH) is flashing a bullish signal after the Shapella upgrade. Santiment says that a significant number of traders betting against ETH after Wednesday's upgrade could trigger a bigger move to the upside. “Another thing to keep an eye on is perpetual contract funding rates.

Ethereum Flashing Bullish Signal After Shapella Upgrade, Says Analytics Firm Santiment – But There's a Catch

Shiba Inu

Singapore-based crypto exchange Bitrue has been hit by a security breach, draining a hot wallet of $23 million in various assets.

Hacker Robs Crypto Exchange Bitrue of $23M in Ethereum, SHIB, Other Assets

Bitrue said the affected wallet contained “less than 5%” of overall reserves.

Crypto Exchange Bitrue Drained of $23M in Hack of Ether, Shiba Inu, Other Tokens

More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows.

Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value

Propelled by the latest Shanghai upgrade, the price of Ethereum has recaptured the $2,100 mark last seen in May 2022.

Ethereum Soars to Eleven-Month High Post-Shanghai Upgrade

The Ethereum price (ETH) has reached the symbolic figure of $2,000.

Ethereum Nears $2,200, But Could Face Resistance

Ether Options Trading Volume Surpasses Bitcoin As Shanghai Upgrade Drives Demand for Bullish Bets

Dogecoin

Lido DAO

Shapella's stable rollout likely drove positive sentiment to Ethereum staking-based protocols.

Ether, Dogecoin Lead Crypto Market Bounce; Lido's Staked Ether Breaks Into Top Ten

Following Ethereum's Shapella upgrade, the price of ether is only increasing — but $2.2 billion in ETH awaits withdrawal.

Ether price tops $2,100 as Ethereum's pending withdrawals hit $2.2 billion

yearn.finance

The non-binding poll seeks to do a temperature check of sentiment toward launching yETH.

Yearn's Staked Ether Token yETH Gets Mixed Results on Govenance Poll

Cryptocurrency ether leapt more than 5% in early Asia trade on Friday, as traders breathed a sigh of relief that a technology upgrade ran relatively smoothly this week.

Ether jumps to 11-month high in wake of software upgrade

Major coins traded in the green on Thursday evening as investors welcomed the news of softening U.S. economic data.  Cryptocurrency Gains (+/-) Price Bitcoin (CRYPTO: BTC) +2.58% $30,783 Ethereum (CRYPTO: ETH) +10.76% $2,109 Dogecoin (CRYPTO: DOGE) +8.10% $0.089 What Happened: ETH surged to an impressive 8-month high, surpassing the $2,000-mark.

Ethereum Surges Past $2.1K, Bitcoin, Dogecoin Rise Amid Inflation Dip: Analyst Predicts Apex Crypto Rally Towards $50K

Bitcoin has also continued its more moderately-paced momentum, inching toward $31K. ALSO: CoinDesk columnist considers Shapella's immediate and potential long-term impact.

First Mover Asia: Ether Climbs Over $2.1K to Further Its Post Ethereum Shanghai Upgrade Surge

ETH's share of the total crypto market capitalization rose to a one-month high, according to TradingView data.

Ether's Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High

While EOS uses the C++ programming language, the EOS EVM runs decentralized applications written in Ethereum's programming language, Solidity.

EOS adds Ethereum interoperability after more than a year of development

The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.

Ether Jumps Above $2K a Day After Ethereum Shanghai Upgrade

A widely followed crypto trader says Bitcoin (BTC) is showing signs of upward continuation after Ethereum's (ETH) highly-anticipated upgrade. Crypto analyst Michaël van de Poppe tells his 653,200 Twitter followers that the crypto markets are in slow continuation after ETH initially dipped yesterday on the launch of the Shanghai upgrade.

Top Crypto Analyst Updates Outlook on Bitcoin (BTC) and Ethereum (ETH), Issues Warning on Exchange Coin

The Shanghai upgrade for Ethereum went live on Wednesday evening, enabling those who staked their Ether (CRYPTO: ETH) to initiate the unstaking process. According to on-chain data tracked by Rated network explorer, Kraken accounts for 62% of the exit queue breakdown, leading the validators' rush to unstake, Coindesk reported.

Staking Tsunami Unleashed: Ethereum's Shanghai Upgrade Ignites Unstoppable Unstaking Movement

About $1 billion worth of ETH is set to be unstaked by Kraken.

Kraken set to unstake more than $1 billion worth of ETH after Shapella upgrade

Binance announced on Thursday that starting April 19, 8 UTC, users who staked Ethereum (CRYPTO: ETH) through the platform can redeem coins with their BETH holdings at a 1:1 ratio. The announcement followed Ethereum's implementation of the eagerly awaited Shapella hard fork, also known as the Shanghai upgrade, which allowed the withdrawal of more than 18 million ETH staked in the blockchain since late 2020.

News for Ethereum Crypto (ETH)