CoinShares: Weekly Investment in ETH-based Products Increases Following Shapella Upgrade
Last week saw Ethereum-linked digital asset investment products experience net inflows of around $17 million.
Last week saw Ethereum-linked digital asset investment products experience net inflows of around $17 million.
Since the Shanghai hard fork of Ethereum went live on April 12 at block height 6209536, over one million coins of ether have been withdrawn.
There is an estimated $2.31 billion worth of funds pending withdrawal from staking.
At 00:30 CET on April 13, the Shapella update was activated on the Ethereum main network, allowing users to withdraw their cryptocurrencies from staking.
Over the past month, transactional activity on the Cardano network has been increasing.
Glassnode experts have observed a decline in the growth of Ethereum staking deposits due to regulatory pressure and the upcoming Shanghai-Capella hard fork.
The number of profitable addresses on the Ethereum blockchain has reached a high of 63.9 million, according to data from Glassnode.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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