Ethereum's Vitalik Buterin Suggestions Amid Shanghai Upgrade, Arbitrum Airdrop

Amid the hype surrounding the Ethereum Shanghai upgrade and the Arbitrum airdrop, co-founder Vitalik Buterin recommends crypto investors using social recovery wallets and multi-signature wallets to achieve self-custody of crypto funds. He also uses a multisig wallet personally to store his funds, as does the Ethereum Foundation.

Timeline of Arbit, Ethereum

The wait for one of the most highly anticipated events in the cryptocurrency industry over the past couple of months is finally over with the announcement of the long-awaited ARB token.  The news means that Arbitrum, one of the biggest players in the Ethereum layer-2 scaling solution landscape, will finally get a token.

The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model.

The rate at which the Ether (ETH) supply is deflating, which has been accelerating in recent weeks, recently saw a spike higher. Ether is the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain. ETH is the world's second most valuable cryptocurrency by market capitalization and Ethereum is the dominant blockchain in Decentralized Finance.

Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security.

During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals.

Coinbase users may face delays in unstaking their ETH after Ethereum's Shapella upgrade, due to on-chain processing. Coinbase advises users to be patient and offers a liquid staking option, "cbETH.

The top rival of the Ethereum (ETH) layer-2 scaling solution Polygon (MATIC) is announcing that it will be transitioning to decentralized governance as well as airdropping a significant amount of its new native asset, ARB.

The Arbitrum Foundation, which is the major player in Ethereum's (CRYPTO: ETH) Layer 2 scaling landscape, announced the launch of a new token called ARB (CRYPTO: ARB). This token will be distributed to community members via an airdrop on March 23, marking the official transition of Arbitrum into a decentralized autonomous organization (DAO).

The Commodity Futures Trading Commission (CFTC)'s hearing before the Senate Agriculture Committee Wednesday was dominated by the discussion around digital assets. The commission took a firm stance against the SEC regarding the classification of Ether and Stablecoins.

The most-awaited Ethereum Shanghai upgrade now has an official date. During the All Core Developers Execution Layer (ADCE) meeting on Thursday, Ethereum core developers set April 12 as the official date for the Shanghai mainnet upgrade.