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Ethereum Foundation Announce Shapella Upgrade on Sepolia Testnet

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Today’s Cryptocurrency Headline

The Ethereum Foundation released a blog stating that the Shapella network upgrade will be activated on the Sepolia testnet at block height 56832, scheduled for 4:04:48 AM UTC on Feb. 28, 2023. This upgrade follows The Merge and enables validators to withdraw their stake from the Beacon Chain back to the execution layer. It also introduces new functionality to both the execution and consensus layer. The Shapella upgrade combines changes to the execution layer (Shanghai), consensus layer (Capella) and the Engine API, and the Zhejiang testnet can be used to test Shapella functionality before the Sepolia upgrade.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to data from Dune Analytics, the number of transactions of Arbitrum surpassed the Ethereum mainnet for the first time, hitting a record high. Bitcoin is down 1.06% over the last 24 hours and fell to an intraday low of $23,584.77. The largest cryptocurrency saw a pullback in the early trading session and the price recovered back above $24,000 in the following hours, suggesting the short-term traders have booked their profit. The bulls will attempt to push the price above $25,000. If the price sustains above $25,000, the BTC /USDT pair could rise to $28,000.


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