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Ethereum’s Shanghai upgrade pushed to early April

Ethereum developers have pushed back the highly-anticipated Shanghai hard fork by approximately two weeks.

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Ethereum developers have pushed back the highly-anticipated Shanghai hard fork by approximately two weeks.

Initially estimated for late March, the Shanghai upgrade will now likely be deployed sometime within the first two weeks of April. The delay was announced at an Ethereum developer meeting on March 2.

During the meeting, core developers came to the consensus that the hard fork would occur about a fortnight after the Goerli testnet launch, which has been slated for March 14. The Goerli testnet will be the final dress rehearsal for the Shanghai hard fork before it is rolled out on the mainnet.

Ethereum core developer and project coordinator Tim Beiko said, “For mainnet, we usually want to give people at least two weeks after the announcement,” before adding, “so imagine Goerli happens on the 14th, everything goes well, on the 16th, we agree to move forward with mainnet — I think the earliest that puts us is like the first week of April.”

Beiko noted in a Twitter thread on March 2 that they did not agree to a mainnet date explicitly, but they will “probably” set a date during the next developers meeting on March 16, “assuming things go well on Goerli.”

The Shanghai Capella upgrade to Goerli will be the last chance for Ethereum clients and staking providers to ensure the Shanghai hard fork can go through smoothly when it launches on the mainnet.

The long-awaited Shanghai mainnet upgrade will allow the phased withdrawal of Ethereum staked on the Beacon Chain.

To maintain network stability and security, ETH withdrawals will be dynamic and dependent on how many validators there are exiting at the time. Validators must undergo a two-stage process involving an exit queue and a withdrawal period, so it will happen gradually over time.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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