Due to heightened regulatory pressure and the April 12 Shapella upgrade, the monthly amount of ETH staked has just decreased. Due to this, significant centralized exchanges like Coinbase, Binance, and Kraken have had their market share eroded in favor of the liquid staking platform Lido. With a 25% commission and a 10% commission, Lido presently accounts for approximately a third of the entire amount of ETH staked. Analysts believe that when ETH is released from the Beacon Chain following the Shapella update, liquid staking platforms like Lido would benefit. News Sorce

A vulnerability in SushiSwap has resulted in the theft of more than $3.3 million from at least one user. The root cause is a flaw in the RouterProcessor2 contract that enables a third party to “yoink” tokens without the owner’s consent. While more than 2000 addresses on Layer 2 Arbitrum appear to have authorized the faulty contract, 190 Ethereum addresses have approved the problematic contract, according to Block Research Analyst Kevin Peng. Security teams and Sushi are collaborating to resolve the problem. News Sorce

Due to alliances, developers, partnerships, and Cardano’s willingness to enter new areas, the Total Value Locked (TVL) of the cryptocurrency has increased by 26.28% over the past 30 days. The question of whether Cardano can recoup its ATH, which was once above $300 million, has been posed in light of the year-long decline in TVL. The chains of the Cardano protocol have seen more unique deposits, and the TVL expansion also includes dApp-related activity. JPG.store, a Cardano NFT marketplace, reports that a large number of collections have seen increases in volume. According to Santiment’s data, the number of NFT trades has surpassed the previous high of 7.92 million set between April 5 and 7. However, over the past 30 days, development activity has halted and the number of active addresses has decreased.While the price of ADA has increased by 3.01% over the past 24 hours, just 25% of token holders are now making money. 68% of holders of ADA paid more than the press time price for their shares. News Sorce    

Due to its early development and dominant position in the market, Litecoin (LTC) has earned the moniker “digital silver,” but its recent adoption of the privacy-enhancing protocol MimbleWimble has sparked debate and varied views on privacy on its network. According to ChatGPT, an AI language model, Litecoin could increase to $120-150 in the coming weeks and reach $300 or even more by the middle of the year. Any prediction’s correctness, though, is always up for discussion. At the time of writing, LTC is down more than 1%, trading at $90. The Relative Strength Index (RSI) and Bollinger Bands both indicate that Litecoin may be at risk of beginning a negative trend. News Sorce

2023 has started off well for Bitcoin, outperforming the S&P 500 Index by almost 60%. Anthony Scaramucci, the founder of SkyBridge Capital, expressed confidence in his company’s cryptocurrency investments and believes “we’re through the bear market.” Bitcoin has gone through a four-year cycle of gains, with each cycle of halving being followed by the beginning of an upward trend. The Crypto Fear & Greed Index is presently in greed territory and pushing for highs not seen since November 2021, despite the unfavorable market and regulatory conditions. This indicates that the sentiment towards cryptocurrencies is still positive. News Sorce