Ethereum staking is picking up steam once more, with deposits outpacing withdrawals. The amount of ETH staked on the Beacon Chain has increased as a result of this. Since the Shapella upgrade, 1.08 million ETH have been withdrawn and 575,000 ETH have been staked, according to Token Unlocks. The total staking balance will rise to 18.4–18.7 million ETH if the current trend holds. Over the past 24 hours, the Ethereum staking balance has increased by 26,680 ETH, but a sizable portion is still in the pending withdrawal queue. Ethereum prices have remained above $2,000 for the last six days, and low levels of ETH staking may be bullish for the asset. It needs to be moved very far to the next place. News Sorce

Cardano had a strong first quarter, with notable improvements in ecosystem and financial metrics. The network overview section showed a decline in new addresses and daily average transactions, but a $0.01 increase in average transaction fees. The price of ADA increased by 54%, and the treasury balance increased to 1.21 billion ADA, according to the financial overview section. The adoption of new stablecoins led to a 172% QoQ increase in the TVL’s USD value. In Q1, the top DEXs on Cardano were Minswap, SundaeSwap, WingRiders, and MuesliSwap. Emerging DeFi applications like Djed, Liqwid, Indigo, and Hydra Head helped to boost the value of all stablecoins by 261% QoQ. In its most recent Annual Report, the Cardano Foundation outlined its work in three key areas: operational resilience, education, and adoption. News Sorce

After Gary Gensler, the head of the U.S. Securities and Exchange Commission, was criticized for his stance on cryptocurrencies, Bitcoin and Ether gained ground on Wednesday morning in Asia. With a gain of 3.38% to US$6.89 and 7.11% for the week, Polkadot was the top gainer. When Patrick McHenry questioned Gensler about whether Ether is a security or a commodity, Gensler ducked the question. Republicans on the committee have criticised the SEC’s approach to digital assets. XRP increased 3.17% to US$0.5285 for a 2.80% weekly gain. Regulators and Ripple Labs are at odds. In the previous day, the total market value of cryptocurrencies increased by 2.29% to US$1.28 trillion. The Forkast 500 NFT index increased marginally over the previous day to 4,061.33 in the early morning. The Forkast 500 NFT index increased marginally over the previous day to 4,061.33 in Hong Kong, up 0.32%. Due to a general uptick in cryptocurrency prices, the average selling price of NFTs has increased in April. News Sorce