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Trading Crypto Inflection Points | Hal Press

Empire

CHAPTER

What Is Shanghai?

Shanghai is the name of a fork that will finally, two years later, enable withdrawals. That just means that anybody that staked their ETH is now going to be able to withdraw that ETH from the beacon chain if they would like to. And so there's a lot of anxiety in the market because they look and they see, okay, 16 million ETH is staked, which is like $20 billion more than that. But I don't think that that sort of knee-jerk reaction is necessarily the right one.

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