ETH Price Retreats as Nearly $1B in Kraken Staked Ethereum is Withdrawn
The next phase of Ethereum staking withdrawals is underway and the outflow is predominantly due to Kraken.
The next phase of Ethereum staking withdrawals is underway and the outflow is predominantly due to Kraken.
The upgrade pushed ETH's price to the highest level since May 2022.
The amount of ETH withdrawn from the Beacon Chain reached 1 million. However, withdrawals are slowing, and deposits are still
Kraken is immediately unstaking its client’s ETH ahead of a major update that will enable withdrawals on Wednesday.Â
The date has been set for the long-awaited Ethereum Shanghai upgrade which will allow phased staking withdrawals.
After over 2 years, early ETH stakers may finally withdraw their stake starting April 12.
Bitcoin and ETH are losing momentum after an SEC crackdown against staking services on Thursday.Â
Coinbase chief executive Brian Armstrong has raised concerns about the SEC’s stance on crypto staking.
A testnet to enable the withdrawals of staked Ethereum ahead of the Shanghai upgrade will be launched today.
The Zug-based crypto firm is now eyeing to list the new product on Xetra Deutsche Boerse.