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…
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In an announcement made on April 24, Binance, the cryptocurrency exchange with the largest trade volume, unveiled its latest staking product, wrapped beacon eth (WBETH). This new addition to Binance’s staking solutions is built on the Ethereum network, joining the ranks of other competing liquid staking products such as Lido, Coinbase, Rocket Pool, and Frax.
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It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether has been added to liquid staking protocols. Just…
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The cryptocurrency market is currently facing a challenge as it tries to hold on to the momentum it gained after reaching key price milestones last week. Bitcoin and other cryptocurrencies have experienced a decline so far today, leaving the market anticipating its next major development. Amidst the recent market turmoil, what are the top crypto…
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The cryptocurrency market remains unshaken, displaying a steady upswing and a total market capitalization of $1.18 trillion despite the fluctuations in the stock market and growing concerns about the overall economic outlook. Given this uncertain macroeconomic backdrop, what are the best cryptos to buy now? MicroStrategy, led by Michael Saylor, has been making headlines for…
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BTC’s shallow correction near the $25,000 level could lead to dip buying in FIL, OKB, VET and RPL. The Dow Jones Industrial Average fell for the third consecutive week but Bitcoin (BTC) price decoupled and is on track to close the week near the strong overhead resistance at $25,211. This suggests that the wider crypto…
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In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S. dollar. The following presents a…
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As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the 11 liquid staking…
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Trackers on January 18 show that the native token of Rocket Pool, RPL, rallied 55% and is among one of the top performers in the top 100 coins by market capitalization. Rocket Pool is Rallying after Binance Listing The surge coincides with RPL’s listing on Binance, the world’s largest cryptocurrency exchange by trading volume. The…
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Rocket Pool, the third largest Ethereum liquid staking protocol by trade value locked (TVL), has joined forces with Coinbase Ventures. According to an announcement on Rocket Pool’s discord channel, Coinbase Ventures will be joining Rocket Pool’s Oracle DAO (oDAO)…. Read More: Can Rocket Pool Joining Forces With Coinbase Steal a March on Lido Read more…
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