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The Uniswap Foundation announced a delay to an upgrade vote on the protocol’s fee mechanism. UNI price reacted lower, declining 9% to hit lows of $10.17. The Uniswap Foundation has postponed the governance vote on a proposal aimed at activating a new fee mechanism for the protocol. This proposal would have initiated a fee switch for Uniswap, providing for rewards to UNI token holders who stake and delegate their tokens. As the market reacted to the news, the price of UNI fell by nearly 9% to touch lows of $10.17 across major exchanges. Uniswap postpones key upgrade vote Uniswap announced the fee switch proposal last week, with an on-chain deployment and vote set for today, Friday. However, this will now not go ahead as planned as per a new update. In an update today, the Uniswap Foundation stated that the delay relates to an issue a stakeholder raised following the proposal. This has necessitated “additional diligence” on the part of the...

While Bitcoin (BTC) has been taking the bulk of the attention in the ongoing crypto market rally, Ethereum (ETH) has been far from idle.  Not only has it seen a major price increase through the previous months that has taken ETH to highs not seen since late 2021, but the development team has continued actively rolling out upgrade s. The most recent of these, the Dencun upgrade , went live on Wednesday, March 13, and is primarily aimed at bolstering the efficiency of the blockchain’s mechanisms for storing information with the ultimate goal of drastically reducing gas fees. Picks for you Major short squeeze incoming for MicroStrategy stock 15 mins ago Everyrealm unveils Everyworld, a blockchain discovery and rewarded ads protocol  2 hours ago Top 3 altcoins for 10X returns in 2024 2 hours ago Bitcoin is up $70k from March 2020 crash 2 hours ago upgrade ">Can ETH hit $5k after the Dencun upgrade ? While the Dencun upgrade has been hig...

Binance supports Zilliqa and Sei upgrades. Binance will ensure smooth transitions for users during ZIL and SEI network upgrades. Meme Moguls unveils play-to-earn fantasy meme trading game. In a surge of crypto developments, Binance has announced its support for the upcoming upgrades of Zilliqa (ZIL) and Sei (SEI) networks. The exchange will ensure a seamless transition for users during the network enhancements. Meanwhile, the crypto community is abuzz with the unveiling of Meme Moguls, a platform set to revolutionize meme trading, featuring a unique play- to -earn game that immerses users into the fantasy meme market. Zilliqa Network upgrade Zilliqa (ZIL), a prominent player in the crypto space, is gearing up for a significant network upgrade scheduled for January 3, 2024, at 12:00 PM Turkey time. To facilitate this transformation, Binance announces a temporary suspension of ZIL token deposits and withdrawals from approximately 11:00 AM (Turkey Standar...

The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position. An estimated 170,000 Ether (ETH) of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted. The figure comprises 100,000 Ether ($190 million) worth of staking rewards and 70,000 ETH worth of staked Ether ($133 million) the on-chain intelligence platform predicted in its April 11 report. Glassnode backed up its prediction by explaining that only 253 depositors are waiting to exit their stake and that a few mechanisms are in place to prevent a flood of Ether supply from hitting the market all at once. The highly anticipated Shanghai/Capella hard fork is scheduled to take place on 12-April-2023, enabling the withdrawal of staked #Ethereum. In this extended edition of the Week On-Chain, we shall evaluate the overall Ethereum staking landscape, de...