{"id":51469,"date":"2023-04-14T15:28:03","date_gmt":"2023-04-14T15:28:03","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/34524\/Ether-Jumps-To-11-Month-High-In-Wake-Of-Software-Upgrade.html"},"modified":"2023-04-14T15:28:03","modified_gmt":"2023-04-14T15:28:03","slug":"ether-jumps-to-11-month-high-in-wake-of-software-upgrade","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/ether-jumps-to-11-month-high-in-wake-of-software-upgrade\/","title":{"rendered":"Ether Jumps To 11-Month High In Wake Of Software Upgrade"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.reuters.com\/resizer\/lIEU-MQEecuVTFmiATuvONThL3I=\/1200x628\/smart\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/OY2YQPJ7ORLSXGJAGQKKOXL7OM.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div class=\"article-body__context_widget__1xxEe\">\n<div class=\"context-widget__content__1X4Oq\">\n<ul class=\"summary__summary__31feP\">\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\">Sudden leap in price after 0030 GMT; bitcoin also jumps<\/li>\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\">Defies fears that upgrade could spark sell-down<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p data-testid=\"paragraph-0\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">SINGAPORE, April 14 (Reuters) &#8211; Cryptocurrency ether leapt more than 5% in early Asia trade on Friday as traders breathed a sigh of relief that a software upgrade this week ran relatively smoothly.<\/p>\n<p data-testid=\"paragraph-1\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">The second-biggest cryptocurrency by market capitalisation, ether rose to as high as $2,130.80, the most since May 2022.<\/p>\n<p data-testid=\"paragraph-2\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">The upgrade, known as &#8220;Shapella,&#8221; took effect on Wednesday.<\/p>\n<p data-testid=\"paragraph-3\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">It had stoked fears of a selloff because it enabled investors to redeem tokens deposited on the blockchain in return for interest. Withdrawal <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/technology\/crypto-investors-face-delays-withdrawing-funds-after-ethereum-upgrade-2023-04-13\/\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\">delays<\/a> were evident on Thursday, but the apparent lack of wholesale selling encouraged buyers.<\/p>\n<p data-testid=\"paragraph-4\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">&#8220;A lot of people were on the sidelines during the upgrade, and now that it has gone off without a hitch, everyone is jumping in,&#8221; said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital.<\/p>\n<p data-testid=\"paragraph-5\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">The price moved up sharply shortly after 0030 GMT, and helped pull larger cryptocurrency bitcoin almost 2% higher to a 10-month high of $30,923.<\/p>\n<p data-testid=\"paragraph-6\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">&#8220;Liquidity has been quite low so this would contribute to the sharpness of the move,&#8221; said Dibb.<\/p>\n<p data-testid=\"paragraph-7\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">&#8220;With the upgrade, there was previously an expectation that there would be huge sell orders coming through. This didn&#8217;t happen at all so every bid is moving the market.&#8221;<\/p>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__default__UPMUu sign-off__text__PU3Aj\">Reporting by Tom Westbrook; Editing by Muralikumar Anantharaman<\/span><\/p>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Our Standards: <a data-testid=\"Link\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">The Thomson Reuters Trust Principles.<\/a><\/p>\n<p>READ MORE <a href=\"https:\/\/packetstormsecurity.com\/news\/view\/34524\/Ether-Jumps-To-11-Month-High-In-Wake-Of-Software-Upgrade.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>READ MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":51470,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[60],"tags":[136],"class_list":["post-51469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packet-storm","tag-headlinecryptography"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ether Jumps To 11-Month High In Wake Of Software Upgrade 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis 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