Ether Staking Deposits Top Withdrawals for First Time Since Shapella Upgrade
The divergence comes amid a meme coin frenzy that has pushed up fees on the Ethereum blockchain. Source
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Deposits
ETH Liquid Staking Protocol Lido Finance Deposits Surpass 6M Ether After Shanghai Upgrade
Lido has not yet activated withdrawals, pending the release of its version (v)2 protocol upgrade expected later in May. Given the nature of liquid staking, users who want to withdraw from the platform can just sell their stETH derivative token on exchanges. As the token’s price tracks closely to ETH’s,
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DeFi’s Future Will Require CBDCs, Tokenized Deposits and Stablecoins to Coexist
In summary, the market environment continues to be fluid, and there is no clear winner on either side. Ultimately, the coexistence of CBDCs, tokenized deposits and stablecoins hinges on striking the right balance to meet customers' needs and ensuring trust in their redemption as payment transactions. This coexistence should be
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Ether (ETH) Stakers Flee Crypto Exchange Binance, Coinbase as Rocket Pool, Frax Finance Gain Deposits
Regulatory risks and aversion to centralized crypto platforms after last year’s bankruptcies are likely among the reasons that drive investors to decentralized staking protocols, Tom Wan, an analyst at digital asset investment firm 21Shares, said in a note. Source
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Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts – Finance Bitcoin News
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop
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Third round of ETH withdrawals sees roughly equal amounts of deposits: Data
Ethereum staking withdrawals have entered their third “round,” but Ether (ETH) staking deposits have almost equaled them, according to the data from the analytics platform Nansen.Ethereum staking withdrawals started ramping up for the third time on April 24 and into April 25. According to Nansen, the crypto exchange Kraken was
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Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump – Bitcoin News
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
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Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork – Defi Bitcoin News
Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March 14, a total of
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South Korean Crypto Exchange GDAC Temporarily Suspends Deposits and Withdrawals after $14M Hack
The GDAC hot wallet hack occurred on April 9 when the perpetrator transferred the asset to unidentified crypto addresses. GDAC crypto exchange, a South Korean WEMIX-listed platform, has announced the loss of nearly $14 million in various digital assets through a system hack. As a result, GDAC has announced the suspension
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Ethereum staking deposits dip due to regulatory pressure and Shapella upgrade
Ethereum staking deposits have declined slightly in recent weeks due to increased regulatory pressure and the Shapella upgrade slated for April 12.On April 9, on-chain analytics provider Glassnode reported on the current state of the Ethereum staking ecosystem.The data revealed that deposit activities are currently low “due to regulatory pressure
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