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 (Olga Kharif/Bloomberg)

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:
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 …

Mat Di Salvo / Decrypt:
Coinbase says Coinbase Wallet will no longer support Bitcoin Cash, Ethereum Classic, Ripple XRP, and Stellar due to “low usage”, starting January 2023  —  America’s biggest crypto exchange has scrapped a number of assets from its self-custody mobile app citing waning customer interest.

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.

Aanu Adeoye / Financial Times:
Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries  —  Acting chief hunts for profits after continent’s first ever tech unicorn plunges 70% in value since New York listing

Brandy Betz / CoinDesk:
Shardeum, an Ethereum virtual machine-based sharded blockchain co-founded by Nischal Shetty, a co-founder of the crypto exchange WazirX, raised an $18.2M seed  —  The co-founder of WazirX, India’s largest crypto exchange, is now trying to expand a network that promises greater scalability, faster transaction times and lower fees.