Hello, new subscribers!
Welcome to Team Inspired Analyst, where we explore the most exciting advancements in the fields of AI, Crypto, and Data!
We're thrilled to have you join us as we dive into the latest developments.
Are you ready for some exciting news?
Post-Shapella Update: Ethereum's Upgrade and Unstaking Queues
Ethereum's Shapella upgrade is complete, and so far, things are looking good. Here's a quick recap of what's been happening:
The Upgrade
The Shapella upgrade was successful, and there were no major network problems.
ETH hit $2k+ for the first time since August 2022.
There was a big spike in deposits from crypto whales and institutions once the upgrade went live.
The Unstaking Queues
Only ~5% of the total staked ETH supply has been queued to be unstaked so far.
~874,845 ETH (worth ~$1.8B) has been unstaked, and the queue is more backed up than the lines at Disneyland.
Only ~$100M can be withdrawn per day, so it could take ~10 days to process all the withdrawals.
Why It's Not as Bad as It Looks
Most of the withdrawals are partial, not full, meaning validators are withdrawing rewards, not the actual staked ETH.
There have been spikes in deposits since the Shapella upgrade went live.
Most withdrawals are coming from Kraken, which had to shut down its staking service earlier this year.
Most stakers are still in the red on their investments, so they are unlikely to withdraw and sell their ETH.
All in all, the first 24 hours after the Shapella upgrade have been relatively smooth. Stay tuned for more updates, and let's see if "Shapella" becomes a popular baby girl name in 2023.
TWITTER 🤝 REAL-TIME CRYPTO PRICES
Are you tired of having to switch between apps to check on the latest crypto prices?
Well, Twitter has just made it easier for you!
The social media giant has teamed up with eToro to bring you real-time crypto prices, right at your fingertips.
Now, as you scroll through your Twitter feed, you can also keep tabs on the crypto market.
It's like having your cake and eating it too, or in this case, scrolling and investing.
But wait, there's more!
Twitter's goal is to create a community for crypto users, making investing a social experience.
Now you can share in the joy of losing money with your friends!
To use this new feature, simply search for prices using CashTags.
CashTags are symbols that represent a stock or token, like $ETH for Ethereum. If you're interested in buying the asset, you'll be redirected to eToro.
And the rumour mill is already spinning with talks of Elon Musk potentially integrating trading directly into Twitter down the road.
Imagine being able to buy Dogecoin with just a tweet! (Although we hope you know better than that)
So next time you're scrolling through Twitter, don't forget to check out the latest crypto prices.
Who knows, maybe you'll catch the next big crypto wave before anyone else.
We're done for today, my friends!
But hey, the party's just getting started when it comes to staying ahead of the competition.
So, make sure to keep yourself in the know and up-to-date on the important details!
Until next time,
This is Zain from Team Inspired Analyst,
reminding you to keep the good times rolling!
Over and out!
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.