Olga Kharif / Bloomberg:
As Ethereum moves to proof of stake, about 11% of ETH is staked and earning but won’t be withdrawable until the “Shanghai” update, expected in about six months — As the buzz around the revision of the Ethereum blockchain reaches a crescendo, few observers appear to be talking …
Olga Kharif / Bloomberg:
A look at Ethereum’s Shanghai update, expected in 2023, and its WARM Coinbase change, which could reduce fees by up to 26x for some major ecosystem participants — When the Ethereum blockchain undergoes its next major upgrade, some key participants will likely see fees decline while they’ll remain …
Mike Truppa / The Block:
Ethereum activates its long-awaited The Merge upgrade and transactions are now being processed under proof of stake — – The Merge upgrade is transitioning Ethereum from proof of work to proof of stake. — The Merge is one of the largest technological events in the industry to date.
Sidhartha Shukla / Bloomberg:
A wallet linked to the suspected FTX hacker swapped ~$49M of stablecoins for ether, taking its haul to 228,523 ETH and becoming the 35th largest ETH holder — The hacker who raided Sam Bankman-Fried’s collapsed crypto exchange FTX is now one of the world’s biggest holders of the token Ether.
Olga Kharif / Bloomberg:
Sources: FTX is in the process of raising $1B as Sam Bankman-Fried considers bidding for bankrupt lender Celsius Network’s assets — Sam Bankman-Fried, the crypto billionaire who has been bailing out distressed industry players in recent months, is considering bidding for the assets …
Stephanie Condon / ZDNet:
Google Cloud announces the Blockchain Node Engine, helping developers build and manage blockchain-based products, starting with Ethereum — Google Cloud on Thursday unveiled Blockchain Node Engine – a fully managed service for Web3 developers that wants to build and manage products for blockchain-based platforms.
Eliza Gkritsi / CoinDesk:
Paris-based Kiln, an Ethereum “staking-as-a-service” startup, raised a €17M Series A from Consensys and more; Kiln has $500M+ of staked assets under management — The Paris-based startup is betting on the growth of staking services after Ethereum’s Merge.
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