Since the Shappella upgrade, the top 10 liquid staking protocols have seen their TVL grow by an average of 10%.
Blockchain analytical firm Nansen says the selling pressure on Ethereum could be as high as $4.6 billion due to the upcoming upgrade.
Coinglass data showed that Ethereum's positive performance liquidated almost $40 million in short positions within the last 24 hours.
The SEC has urged US-based crypto exchanges offering staking programs and interest-bearing products to comply with securities laws.
Alongside its surge in price, Conflux's foundation has burnt close to 500 Million CFX tokens in a bid to make it less inflationary.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Gnosis CEO Martin Koppelmann pointed out that while news of Ethereum being less OFAC-compliant is great, there is still a need for more "systemic solutions."
AI crypto assets have flourished in light of the increased interest in ChatGPT and other AI-based technologies.
Rally blamed its decision on the challenging past year — the "macro headwinds are too overwhelming to overcome in the current environment."
The storage system will use BNB as its native token and will become the third blockchain in the BNB ecosystem that already comprises of BNB Beacon Chain and BNB Smart Chain.