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Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536, enabling stakers to withdraw for the first time. At the time of the upgrade, slightly over 8 million ethereum was locked into liquid staking protocols. Since then, over 400,000 ether, valued at $763 million, has been added to 17 liquid staking platforms. Ethereum Liquid Staking Platforms Continue to Swell As of today, April 30, 2023, the total value locked into liquid staking protocols such as Lido Finance, Coinbase’s Wrapped Staked Ether, Rocket Pool, Frax, Stakewise, Stakehound, Ankr, Ether.fi, and Bitfrost is just over $16 billion. According to 30-day statistics, six out of the top ten protocols, ranked by value locked, have experienced gains over the past month, with four of them showing double-digit growth. At present, Lido dominates the $16 billion market, holding 73.6% or 6,206,101 of the 8,431,605 ethereum locked in liquid staking protocol...

Apr 29, 2023 at 07:04 // Price Author Coin Idol The price of Shiba Inu (SHIB) is bearish as it falls below the moving average lines. Shiba Inu price long term forecast: bearish The altcoin is likely to fall further as it is in the bearish trend zone. At the time of writing, Shiba Inu is selling for $0.00001016. On the downside, the altcoin continues to trade above the $0.00000985 support since March 9. On April 26, SHIB hit a low of $0.00000977 and the bulls bought the dips. The candlesticks show a striking long tail after the upward correction. Th...

Following the latest # Bitcoin difficulty adjustment, the estimated number of hashes required to mine a block has reached an ATH of 209 zettahashes (10^21). advertisement Thus, the difficulty to mine a block continues to increase as more hashpower is deployed to the network. pic.twitter.com/aXHhGwFIRw — glassnode (@glassnode) April 28, 2023 Trending Stories Rising Supply Pressure Traps XRP Price In Narrow Consolidation; Still a Good Investment? 24/7 Cryptocurrency News BTC Price Prediction: Will Bitcoin Price Surpass $30000 Mark Before April End? 24/7 Cryptocurrency News SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today? 24/7 Cryptocurrency News XRP Price Prediction: XRP Price Coiling Up Before a Massive Move; Enter Now? 24/7 Cryptocurrency News ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead 24/7 Cryptocurrency News The mining difficulty...

Binance Japan Opening Its Doors in June Crypto exchange Sakura Exchange Bitcoin in an announcement on April 28 said it will end its Crypto exchange and brokerage services in May and reopen as Binance Japan near June 23. Binance Japan is now a registered Crypto exchange under the Japan Financial Services Agency (JFSA). advertisement As per the announcement, Sakura Exchange Bitcoin will end its services on May 31, suspending all services until the opening of Binance Japan. Users must withdraw their crypto assets ahead of deadline. Crypto Assets remaining in the account after the deadline will be converted to Japanese yen based on the conversion rate as of June 5 and refunded to customers’ registered bank account. Further, customers are required to re-apply for account opening and reviews including identity verification at the time of use. The account opening information for Sakura Exchange Bitcoin is not carried over to the new Binance Japan. ...

Meme coins are yet again being perceived to be lucrative investment opportunities. Recently, an investor made $1.14 million in 4 days with just a $251 investment in PEPE coin. In fact, even an MEV robot captured around $1.5 million in profits by trading PEPE trading pairs. Owing to recent developments, Floki Inu and BONE have also fared better than their other counterparts like Dogecoin , Shiba Inu, and BabyDoge Coin. As shown below, they’ve fetched investors with more than 8% returns each over the past week. Source: CoinMarketCap Also Read: PulseChain Testnet Withdrawals ‘Coming’ to Testnet ‘Probably Tomorrow’: Richard Heart However, meme coin investments are always risky. Exponential rallies aren’t seen frequently hence, memes are neither essentially a sustainable nor a dependable long-term investment. A particular Twitter user recently tweeted and asked the community how would they turn $1000 into $100,000. Specifically, the user questioned, “Would you buy Nfts o...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin’s performance has been erratic as of late. After building anticipation and giving people hope that the days of crypto winter might be over, Bitcoin has been retracing. The $30k spike , which, according to some experts, was due to some whales wanting to make a play at moving Bitcoin back to its pre-winter phase, has failed to sustain itself for a long time. And now that the Bitcoin price has dropped just above $28k, will the $30k be coming back soon? Bitcoin Price Drops Steeply from nearly $30k to Just Above the $27k Mark The hourly trading charts for the Bitcoin price show the formation of a large red candle last evening after the token was trying to sustain a level closer to its $30k mark. The rapid drop came after the 4% increase yesterday, the reason for which experts are scrambling to find. Many were speculating about the driving factor behind the upswing when the large candle formed and B...

Meanwhile, Ethereum price also soared by 10% in the last 24 hours, with the price currently trading at $1,694. The ETH price hit a high of $1,700. Other top altcoins such as BNB, Polygon (MATIC), Solana, and XRP also rallied higher, bringing a rebound in the broader crypto market. advertisement CoinGape first predicted the massive upside move to $25K, when the BTC price was trading at $21.7K. Tremendous whale activity, cooling inflation, and falling U.S. Treasury yields and oil prices are the main reasons behind the sudden upside momentum in the Bitcoin price. Furthermore, optimism among investors in derivates markets regarding Bitcoin and Ethereum indicates the building of long positions. Although, there’s some evidence of profit-taking by traders as Bitcoin and Ethereum price s move up. Regardless, the sentiment remains bullish. Meanwhile, the demand for Bitcoin is increasing in the U.S. as the 30-day SMA Bitcoin Coinbase premium index jumps the highes...