Ethereum Upgrade Causes Withdrawal Delays for Crypto Investors
The long-awaited Shanghai update of Ether eum has been released as planned on Wednesday night. This update now allows users to withdraw previously staked Ether eum on the network, a feature that was not available before. The update also brings a new approach to staking withdrawals, eliminating the need for users to submit specific withdrawal requests and pay transaction fees. With this new approach, withdrawal requests are not in competition for execution layer block space. Also read: Dogecoin (DOGE) Spikes by 5% After Interesting Twitter News Surface However, the major upgrade caused some trouble for the users, as many were having trouble withdrawing their staked ETH . Around $1.4 billion worth of Ethereum stuck in withdrawal queue According to the details from Nansen, users were facing a withdrawal queue of over $1.4 billion on Thursday. The much-awaited Shapella upgrade was expected to unlock over $30 billion worth of ETH er. There were also no comments rega...