This month, Ethereum will undergo the “Shanghai-Capella” upgrade, the largest network upgrade since the “Ethereum Merge” in 2022.

According to data from IntoTheBlock, Ethereum outperformed most cryptocurrencies and other traditional assets in Q1 2023, recording a gain of 49%. Despite the collapse of Silicon Valley Bank and the Fed's "crackdown," Ethereum's value surged significantly in the first quarter, starting the year at around $1,196 and ending at $1,800.

Tim Beiko, a core developer of Ethereum, said the Ethereum Shanghai upgrade test is in its final stage, and cross-client EVM fuzzing is ongoing.

The Ethereum protocol support team has confirmed that the Shapella hard fork will occur on April 12, two weeks from today. Shapella combines changes to the execution layer, the consensus layer, and the Engine API. The upgrade enables validators to withdraw their stake from the Beacon Chain back to the execution layer and introduces new functionality to both the execution and consensus layers. All of the main Ethereum clients, including Lighthouse, Lodestar, Nimbus, Prysm, and Teku, now support the Shapella upgrade. There have been concerns that a large amount of Ethereum will be unstaked and sold to markets following the hard fork. However, this is unlikely to occur due to the phased release, which has been implemented for network security purposes. Ethereum prices have gained around 3.8% over the past 24 hours and ETH was trading at $1,780 at the time of writing. (cryptopotato)

The specific details of the Cancun Upgrade are not yet determined. Deneb and KZG ceremonies should be the content of the next Cancun Upgrade, and it is uncertain whether EOF will be included in the Cancun Upgrade.

DRPC, a decentralized RPC (remote procedure call) network, went live on Thursday in an effort to curb some of the centralization risks on the Ethereum network. An RPC is the communication protocol used by decentralized apps (dapps) to interact and transfer information, such as transaction detail, to and from blockchains.

This report will mainly discuss the withdrawal design and related risks of Ethereum and LSD protocols after the Shanghai Upgrade, as well as the impact on the price of ETH and other tokens related to the LSD protocol.

The Ethereum voluntary exit count exploded on March 16, the second-highest count since the merge.

The world’s largest crypto exchange Binance on Friday announces support for the Ethereum Shanghai and Capella (Shapella) upgrade and will process staked Ethereum withdrawals. However, the staked ETH withdrawals from the crypto exchange will be delayed for a week after the Shanghai upgrade on the mainnet scheduled on April 12.

Ethereum (ETH) investors are inching closer to accessing their staked ETH after the network’s developers announced a new possible date for the highly anticipated Shanghai upgrade.