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Ethereum’s Shanghai upgrade just went live a few hours back. It was triggered around 22:27 UTC, and finalized by 22:42 UTC. The upgrade has now officially opened the doors for stake Ether withdrawals. Data from beaconcha.in revealed that around 30 minutes post the upgrade was activated, about 285 withdrawals involving roughly 5,413 ETH worth $10 million were processed. At press time, around 783.95k Ethereum tokens worth $150 billion were pending withdrawal. Source: token.unlocks Also Read: Users are Leaving Ethereum and Joining Binance Smart Chain: Why? Staked Ether withdrawals on Binance to open next week The world’s largest crypto exchange by volume, Binance, announced on Thursday, April 13, that users who staked ETH via its exchange could start redeeming them with their BETH holdings on a 1:1 basis. That option, however, is not available currently and will open only next week, on April 19 at 08:00 UTC. JUST IN: #Binance to support $ETH 2.0 staking withdrawals sta

The Ethereum community has been eagerly awaiting for the network’s Shanghai hard fork. The said upgrade is slated to take place over the course of the next few months and intends to unlock s taking withdrawals. Last week, Ethereum’s Zhejiang testnet processed its first ETH withdrawal, bringing the network a step closer to the actual upgrade. Read More: Staked Ethereum Undergoes 1st Withdrawal On ‘Zhejiang’ TestNet When is Ethereum’s Shanghai upgrade scheduled? Without mentioning an affirmative date, the official website stated that the upgrade is “ planned for Q1/Q2 2023.”  Once successfully done, the withdrawal functionality will be enabled. Shanghai “marks the end of an undefined lock-up period” for ETH staking. This means that apart from staking ETH and earning rewards, users will be able to un-stake their tokens to regain full access to their entire balance. Parallelly, there will also be an option to re-stake to sign back up and start earning additional rewards. Also