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Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto
The recent implementation of ArbOS 11 by the Arbitrum community introduces key improvements, including EVM Shanghai support and gas efficiency enhancements, fostering optimism in the crypto market for ARB.
Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold
The Bank of China's Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency's role in international trade.
Optimism (OP) Prepares for Canyon Hardfork Across Superchain Testnets on November 14
OP Labs Team announces Canyon hardfork for Superchain testnets, November 14, incorporating Shanghai and Capella updates, bug fixes, and EIP-1559 changes. Node operators must upgrade systems.
China's Shanghai Unveils Action Plan to Forge a New Path in the Metaverse Tourism Industry
Shanghai has taken a significant step in the realm of metaverse tourism with the release of the "Shanghai Action Plan for Creating a New Path in Metaverse Tourism (2023-2025)". The plan, unveiled by the Shanghai Municipal Bureau of Culture and Tourism, outlines the city's strategic focus on five key areas to propel the development of metaverse tourism in the coming years.
China's Shanghai Prioritizes Blockchain, Web3.0, and Metaverse in Three-Year Manufacturing Development Plan
Shanghai, a front-runner in the deployment of emerging technologies in China, has recently announced its ambitious "Three-Year Action Plan for Promoting High-Quality Development of Manufacturing (2023-2025)." This strategic initiative was revealed by the Shanghai Municipal Government Office, highlighting the city's commitment to accelerating the development of its digital economy with a focus on Blockchain, Web3.0, and the Metaverse.
Shanghai, China, Launches a Comprehensive Technical Initiative for the Metaverse (2023-2025)
The Shanghai Municipal Science and Technology Commission announced today the release of its "Shanghai Metaverse Key Technology R&D Plan (2023-2025)".
OKX Survey: 83% of Community Expects More ETH Staking Around Shanghai-Capella Upgrade, 63% See New Record High by End of 2023
OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether (ETH).
Ethereum Upgrade Raises Concerns as Bitcoin Dominance Continues
Ethereum's Shanghai upgrade has led to concerns among investors, particularly regarding a potential sell-off of tokens unlocked after the upgrade, causing uncertainty in the market. Meanwhile, Bitcoin's dominance rate continues to rise and is currently at the highest level since July 2021.
Ether Surges to Over $1,900 Ahead of Staking Withdrawals
Ether breaks $1,900 for the first time in over seven months, ahead of the Ethereum Shanghai hard fork that will allow stakers to withdraw their ETH. The recent price increase may be driven by expectations of the Federal Reserve easing its quantitative tightening efforts and increased demand for Ether due to more flexible staking options.
Ethereum Testnet Successfully Upgrades for Upcoming Shanghai Hard Fork
Ethereum's Sepolia testnet has undergone a successful upgrade simulating the upcoming Shanghai hard fork expected to take place on the mainnet in March. The upgrade, called "Shapella", allows validators to withdraw their staked Ether and rewards on the execution layer.