Ethereum's Upgrade Boosts Price and Staking Activity.

Over the past 24 hours, gross staking deposits of Ethereum have reached $198.7 million, or 94,800 ETH, following the network's latest Shanghai upgrade. Staking is when users pledge cryptocurrency to the network to keep it running, and those who stake earn digital currency rewards in the process. Ethereum made the move to proof of stake last year in a highly-anticipated transition, known as the merge. Validators can either choose between a "partial exit" or a "full exit" when leaving the network, and there are still more entities withdrawing than staking assets.