According to IntoTheBlock, after the Shapella update, more than one million Ethereum (ETH) were removed from the staking contract. This is a combination of the words “Shanghai” and “Capella,” two updates that were released concurrently. The staking contract has received 650,000 ETH worth $1.21 billion, resulting in net withdrawals of 720,000 ETH worth $1.34 billion. After Shapella, institutional staking providers and centralised crypto exchanges experienced a rise in ETH deposits; at now, Huobi, a cryptocurrency exchange situated in Hong Kong, accounts for 5.40% of all ETH staked. The stake share of US-based cryptocurrency exchange Coinbase decreased by close to 50%. News Sorce

Over the last three months, there has been a considerable advance in the price of Bitcoin [BTC], but current market activity points to a corrective phase. Massive short positions against BTC have been placed by institutional investors, with the percentage of short holdings rising from 47% to 50.6%. Although miner revenue has decreased, mining company stock prices have increased. The best performer is Core Scientific, whose enormous debt helped to enhance its equity during the market’s uptrend. Other top achievers include Digihost, Cypher, Riot, Iris Energy, and Marathon. The revenue of the miners may or may not increase in step with the Crypto Mining Stock Index. News Sorce

Solana has had a bad week; the token underwent a significant price fall. But when buying pressure increased, Solana began to show signs of recovery, as seen by the price gain over the previous day. The most recent changes in the Solana ecosystem indicate that the coin could experience significant gains in the near future. To make Helium faster and more affordable, the crypto connection project Helium switched to the Solana blockchain on Tuesday. Additionally, Grayscale Investments disclosed that the Grayscale Solana Trust had begun trading on the OTC Markets under the ticker GSOL. Retail investors can obtain exposure to the token without actually owning it thanks to the Solana Trust, which tracks the price of Solana. As of this writing, the trust has $2.9 million invested in Solana, bringing the total number of investment products for digital currency offered by Grayscale that are traded on OTC Markets to 16. Solana is currently trading with a positive signal above its 50-day SMA, raising the possibility that the coin may begin a long-term bull run. News Sorce

Over the past 24 hours, the market for meme currencies has fallen 3.1% against the dollar, with daily gains recorded by eight of the top 10 meme coins. Pepe (PEPE) has increased 77% since hitting an all-time low of $0.000000055142 per unit, rising 513.15% in the process. The value of Baby DogeCoin has increased by 10%. The market capitalization of the PEPE coin, which was traded for $0.000000399788, was more than $165 million. The exchange with the highest volume of PEPE trading is Uniswap v2. The meme coin market also saw big gains from baby dogecoin, floki, and dejitarutsuka. With $54 million, PEPE had the third-highest volume for meme currencies during the weekend. Compared to the US dollar, Babypepe increased by 132%. News Sorce

On Thursday morning in Asia, Bitcoin and Ether dropped below the US$29,000 threshold for the first time in ten days. With a loss of 10.50% over the previous 24 hours, Litecoin led the losers and was trading at US$90.85, down 1.39% for the week. Some commentators explained the declines by blaming higher interest rates and an inflation-based repricing. Following a flat to lower Wall Street close, U.S. equity futures fell. As of this week, the U.S. In contrast, the Federal Reserve’s Beige Book survey revealed a sharp decline in lending in Hong Kong following the failure of three local banks. The range of U.S. interest rates is currently 4.75% to 5%, which is the highest level since June 2006. News Sorce

Today’s decline in the cryptocurrency market has tempered Ethereum’s post-Shapella rally, with the market capitalization of all cryptocurrencies falling by almost 4% in just one day. Regulator ambiguity and indications of deteriorating macroeconomic conditions are to blame for this. On April 19, the price of Bitcoin fell to a 7-day low of $29,158, while the price of Ether breached the $2,100 mark following the Shapella upgrade and fell to a 7-day low of $1,972. During his appearance before the House Financial Services Committee for an oversight hearing, SEC Chair Gary Gensler also announced that he had sued cryptocurrency exchange Bittrex. Jerome Powell, the head of the Federal Reserve, is dedicated to lowering inflation through additional increases. The Fed is dedicated to bringing back price stability and lowering inflation. With the upcoming FOMC meeting in May 2023, interest rates are anticipated to increase. Both investor confidence and the state of the global economy are weak. For continued equity returns, inflation, interest rates, and earnings are crucial. News Sorce

On Wednesday, a five-day winning streak was ended for both Dogecoin (DOGE) and Solana (SOL), with Dogecoin (DOGE) falling as much as 6% and Solana (SOL) falling by 9%. Breakout on the relative strength index (RSI), which dropped below a floor at 60.00, served as the primary initiator of the decline. DOGE could drop below $0.0850 and SOL could drop below $20.00 if the RSI keeps falling. News Sorce

Users can now improve the security and privacy of Bitcoin transactions thanks to Trezor’s implementation of the privacy-enabling CoinJoin feature on its hardware wallets. Users must create a new CoinJoin account and grant access to Tor, an anonymous communication protocol, in order to enable CoinJoin. Along with other account types, such as Segregated Witness (SegWit) and Bitcoin Taproot accounts, the feature is accessible. Following in the footsteps of software wallets like Wasabi, Trezor is the first hardware wallet to implement CoinJoin. Users are required to pay coordinator and mining fees in addition to sending their coins to a specific CoinJoin account. The CoinJoin process can take several hours, and the outputs can be used just like any other Bitcoin outputs. Trezor CEO Matják stresses the importance of privacy. The CoinJoin procedure can last for a few hours, and the outputs can be used in the same way as other Bitcoin outputs. The privacy of an individual is their most valuable asset, according to Matják, CEO of Trezor. News Sorce

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