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Whale Accumulates ARB We have used Arkham Intelligence to get the transaction history of the whale. Four days ago, the whale created an address (0x37bF2A67c4c2C492d582f59AdEB5186719De738f) and withdrew 1.5 million ARB tokens from Binance, worth approximately $1.76 million at the time. The buying price was $1.07 per ARB. advertisement 13 hours ago, the whale made another withdrawal from Binance. This time taking out 1 million ARB tokens worth approximately $1.18 million. As of now, the whale investor boasts an impressive portfolio of 2.5 million ARB tokens, valued at approximately $3.01 million. The average buying price for these tokens is around $1.13. Arbitrum conducted airdrop, two weeks ago, and saw around 90.15 million tokens being distributed to 131 DAO addresses, valued at $118 million. A whale named TRIDENT sold off sold 131,345 ARB, leaving a negative impact on the price of ARB, lookonchain reported. ARB Token Value This strategic move of over a milli...

Ethereum’s Shanghai upgrade is set to unlock a trove of staked Ether and possibly benefit other staking protocols that offer lucrative yields. Ethereum’s upcoming Shanghai upgrade will allow users to withdraw staked Ether (ETH), increasing the network’s liquid ity and competitiveness while also boosting its staking ratio closer to its competitors. The Shanghai upgrade is a hard fork of Ethereum tentatively scheduled to occur in March. It implements five Ethereum Improvement Proposals, the headliner being EIP-4895, which allows users to withdraw their locked-up tokens representing staked Ether from the Beacon Chain. The ability to withdraw staked Ether could increase market liquid ity and make it easier for users to access their funds. Ethereum liquid staking platforms, which largely emerged to alleviate the blockchain’s prohibitive lock-up and staking requirements, could also benefit from the upgrade . Since the Ethereum network moved to proof-of-stake (PoS) in September 2022, i...