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Upcoming Ethereum Upgrade to Allow for Withdrawal of Pledged ETH

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It is reported that the developers of Ethereum confirmed in the conference call held on Thursday (March 2) that the \”Shanghai\” upgrade will be carried out in t…

Upcoming Ethereum Upgrade to Allow for Withdrawal of Pledged ETH

It is reported that the developers of Ethereum confirmed in the conference call held on Thursday (March 2) that the “Shanghai” upgrade will be carried out in the first two weeks of April this year, and this upgrade will allow users to withdraw the pledged ETH. According to the data of Dune Analytics, at present, the ETH pledged by Lido, Coinbase, Karken and Coin has accounted for 56% of the total pledged amount. JPMorgan analysts believe that the upgrading of “Shanghai” will bring “a new era” to the troubled Coinbase. The ETH pledge is expected to bring $225 million to $545 million in revenue for Coinbase every year. （decrypt）

Core developers of Ethereum confirmed that the “Shanghai” upgrade will be carried out in the first two weeks of April, or will bring about US $500 million in revenue to Coinbase

Interpretation of the news:


The developers of Ethereum have confirmed that the “Shanghai” upgrade will take place in the first two weeks of April this year, which will enable users to withdraw the pledged ETH. This news suggests that those who have invested in ETH will have a greater degree of flexibility and control over their holdings. Currently, ETH pledged by Lido, Coinbase, Karken and Coin account for 56% of the total pledged amount, according to the data of Dune Analytics.

JPMorgan analysts suggest that the “Shanghai” upgrade will bring a new era for Coinbase, particularly in terms of revenue. With the expected revenue to range between $225 million and $545 million per year for the company, the upgrade is expected to bolster the embattled Coinbase. This announcement is significant because it shows that the blockchain industry continues to evolve and improve, making it more user-friendly and accessible to investors.

The significance of this update cannot be overstated, as it underscores Ethereum’s commitment to stay ahead of the curve and provide its users with the latest and greatest offerings. This upgrade is also a testament to Ethereum’s commitment to making blockchain investment easier for the masses. The flexibility to withdraw pledged ETH appeals to investors, as it allows for more control over their investments.

In conclusion, the “Shanghai” upgrade for Ethereum is set to bring a significant amount of revenue to Coinbase and also highlights the industry’s continuing evolution. It also provides investors with more control over their holdings and serves to make blockchain investments more accessible to the mass market. As blockchain technology continues to grow in popularity and user-friendliness, this upgrade represents another step forward in the journey towards a more advanced and inclusive blockchain ecosystem.

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