{"id":526265,"date":"2023-04-10T18:00:38","date_gmt":"2023-04-10T18:00:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=526265"},"modified":"2023-04-10T14:57:03","modified_gmt":"2023-04-10T14:57:03","slug":"ethereum-staking-deposit-plummets-as-shanghai-upgrade-near","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/","title":{"rendered":"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why"},"content":{"rendered":"

After recording a spike following the enticing yields of <\/span>Ethereum (ETH)<\/span><\/a> liquid staking platforms such as Lido offers, Ethereum total staking deposit is beginning to see a plummet just a few days before the Shanghai launch which is set to take place on April 12.<\/span><\/p>\n

This dip was initially revealed by on-chain analytics provider Glassnode on April 9 in a report disclosing the current state of the Ethereum staking ecosystem. According to the report, the decline in Ethereum staking deposits can be attributed to two main factors.\u00a0<\/span><\/p>\n

Why Is Ethereum Staking Deposit Declining?<\/span><\/h2>\n

The on-chain analytics provider revealed ETH staking deposits are currently down due to regulatory pressure and the Shanghai upgrade. Over the past few months, the US regulators especially the Securities and Exchange Commission (SEC) have expressed a keen crackdown move on the crypto industry.<\/span><\/p>\n

Related Reading: Ethereum Price Looks Ready For Another Leg Higher Over $1,880<\/a><\/p>\n

Recently, the agency deemed Ethereum as security and subsequently went after staking services and platforms supporting the asset. On March 9, New York’s attorney general <\/span>filed a lawsuit against KuCoin<\/span><\/a> for failing to register with the state before letting investors buy and sell cryptocurrencies on its platform<\/span><\/p>\n

Furthermore, the most <\/span>anticipated catalyst<\/span><\/a> for Ethereum, the Shanghai upgrade, has been slated to launch within the next two days (April 12), this has caused many investors looking to deposit or stake on the Ethereum mainnet to pause and wait for the aftermath of the upgrade.<\/span><\/p>\n

The <\/span>Shanghai upgrade,<\/span><\/a> also known as Shapella, is an update that will enable stakers or validators of the Ethereum mainnet to withdraw their staked ETH from their respective staking platforms. According to Glassnode, both of these two factors can be attributed to the reasons behind the ETH staking deposit\u2019s latest plummet.\u00a0<\/span><\/p>\n

Lido Outshines All Other Staking Providers\u00a0<\/span><\/h2>\n

Meanwhile, among the wide market of staking providers, <\/span>Lido Finance<\/span><\/a> has emerged as the leader outshining others such as Coinbase, Binance, and Kraken. Glassnode data <\/span>shows<\/span><\/a> the total amount of ETH staked on Lido has reached new highs<\/a> this year.\u00a0<\/span><\/p>\n

\"Ethereum
Ethereum (ETH) total staking by staking providers. | Source: Glassnode<\/a><\/figcaption><\/figure>\n

The analytics provider stated:<\/span><\/p>\n

As the dust settled between the three giants, it was Lido who emerged victorious, continuing to dominate deposit inflows as of present.<\/span><\/p><\/blockquote>\n

Related Reading: Total Ethereum (ETH) Staked On Lido Finance Reaches New Milestone<\/a><\/p>\n

Currently, Lido Finance accounts for nearly half of the total <\/span>ETH<\/span><\/a> staked, with the platform amassing up to $11.1 billion Ethereum staked. With centralized exchanges such as Coinbase taking a 23% commission of every stake, Lido only takes 10% with an additional yield on DeFi platforms via its staking token Lido Staked ETH (stETH). This explains the platform\u2019s large holdings of the total amount of ETH staked. <\/span><\/p>\n

\"Ethereum
Ethereum (ETH) price moving sideways on the 4-hour chart. Source: ETH\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Regardless, ETH is currently moving in a bullish trend up by nearly 1% in the last 24 hours with a trading price of $1,852 and a market capitalization sitting above $223.1 billion.<\/span><\/p>\n

Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

After recording a spike following the enticing yields of Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking deposit is beginning to see a plummet just a few days before the Shanghai launch which is set to take place on April 12. This dip was initially revealed by on-chain analytics provider Glassnode on April 9 in a report disclosing the current state of the Ethereum staking ecosystem. According to the report, the decline in Ethereum staking deposits can be attributed to two main factors.\u00a0 Why Is Ethereum Staking Deposit Declining? The on-chain analytics provider revealed ETH staking deposits are currently down due to regulatory pressure and the Shanghai upgrade. Over the past few months, the US regulators especially the Securities and Exchange Commission (SEC) have expressed a keen crackdown move on the crypto industry. Related Reading: Ethereum Price Looks Ready For Another Leg Higher Over $1,880 Recently, the agency deemed Ethereum as security and subsequently went after staking services and platforms supporting the asset. On March 9, New York’s attorney general filed a lawsuit against KuCoin for failing to register with the state before letting investors buy and sell cryptocurrencies on its platform Furthermore, the most anticipated catalyst for Ethereum, the Shanghai upgrade, has been slated to launch within the next two days (April 12), this has caused many investors looking to deposit or stake on the Ethereum mainnet to pause and wait for the aftermath of the upgrade. The Shanghai upgrade, also known as Shapella, is an update that will enable stakers or validators of the Ethereum mainnet to withdraw their staked ETH from their respective staking platforms. According to Glassnode, both of these two factors can be attributed to the reasons behind the ETH staking deposit\u2019s latest plummet.\u00a0 Lido Outshines All Other Staking Providers\u00a0 Meanwhile, among the wide market of staking providers, Lido Finance has emerged as the leader outshining others such as Coinbase, Binance, and Kraken. Glassnode data shows the total amount of ETH staked on Lido has reached new highs this year.\u00a0 The analytics provider stated: As the dust settled between the three giants, it was Lido who emerged victorious, continuing to dominate deposit inflows as of present. Related Reading: Total Ethereum (ETH) Staked On Lido Finance Reaches New Milestone Currently, Lido Finance accounts for nearly half of the total ETH staked, with the platform amassing up to $11.1 billion Ethereum staked. With centralized exchanges such as Coinbase taking a 23% commission of every stake, Lido only takes 10% with an additional yield on DeFi platforms via its staking token Lido Staked ETH (stETH). This explains the platform\u2019s large holdings of the total amount of ETH staked. Regardless, ETH is currently moving in a bullish trend up by nearly 1% in the last 24 hours with a trading price of $1,852 and a market capitalization sitting above $223.1 billion. Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":514768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[142,6664,8323,1946],"class_list":["post-526265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoins","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nEthereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"After recording a hike following the enticing yields Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why\" \/>\n<meta property=\"og:description\" content=\"After recording a hike following the enticing yields Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-10T18:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T14:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why\",\"datePublished\":\"2023-04-10T18:00:38+00:00\",\"dateModified\":\"2023-04-10T14:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/\"},\"wordCount\":523,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536\",\"keywords\":[\"altcoins\",\"crypto\",\"ETH\",\"ethereum\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/\",\"name\":\"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536\",\"datePublished\":\"2023-04-10T18:00:38+00:00\",\"dateModified\":\"2023-04-10T14:57:03+00:00\",\"description\":\"After recording a hike following the enticing yields Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking...\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536\",\"width\":750,\"height\":536,\"caption\":\"Ethereum (ETH)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why","description":"After recording a hike following the enticing yields Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why","og_description":"After recording a hike following the enticing yields Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking...","og_url":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-04-10T18:00:38+00:00","article_modified_time":"2023-04-10T14:57:03+00:00","og_image":[{"width":750,"height":536,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why","datePublished":"2023-04-10T18:00:38+00:00","dateModified":"2023-04-10T14:57:03+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/"},"wordCount":523,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536","keywords":["altcoins","crypto","ETH","ethereum"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/","url":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/","name":"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536","datePublished":"2023-04-10T18:00:38+00:00","dateModified":"2023-04-10T14:57:03+00:00","description":"After recording a hike following the enticing yields Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking...","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536","width":750,"height":536,"caption":"Ethereum (ETH)"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\u2019s Why","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","eth","ethereum"],"dateCreated":"2023-04-10T18:00:38Z","datePublished":"2023-04-10T18:00:38Z","dateModified":"2023-04-10T18:00:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-staking-deposit-plummets-as-shanghai-upgrade-near\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Ethereum.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Ethereum.jpg?fit=750%2C536\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2023-04-10T18:00:38Z\",\"datePublished\":\"2023-04-10T18:00:38Z\",\"dateModified\":\"2023-04-10T18:00:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Ethereum.jpg?fit=750%2C536","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=526265"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/514768"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=526265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=526265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=526265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}