Most validators are withdrawing their staked ETH from Kraken to shift to a different staking platform. Data suggests that roughly 80% of the ETH being withdrawn could be due to the SEC’s recent regulatory pressure on Kraken.
The key determinant for analyzing sell pressure based on the validators withdrawing their staked ETH was whether they would stake their ETH on other platforms. There stood a great possibility that other platforms such as Lido could absorb most of the validators.Of course, an assessment of the level of demand for ETH could help determine the extent of sell pressure. ETH’s latest exchange flow data on Glassnode revealed a strong surge in exchange outflows in the last 2-3 days.
As far as whale activity was concerned, whales controlled roughly 32% of ETH’s current supply at the time of writing.These signs confirmed that the market was regaining confidence, although not strong enough to push ETH back above $2,000 for now. Perhaps part of the ongoing uncertainty has to do with the still unknown fate of the validators that are still on the incomplete
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Ethereum: Here’s everything you need to know about ETH’s Bots and SandwichesTraders turn bearish as Ethereum's prices start to decline. MEV transactions and sandwich attacks on the Ethereum network increase as profits made by them go up high.
اقرأ أكثر »
Kraken make successful playoff debut, stun Avalanche 3-1Philipp Grubauer stops 34 shots as Seattle Kraken earn first playoff win in franchise history with 3-1 victory over Colorado Avalanche
اقرأ أكثر »
Ireland approves Kraken’s request for providing crypto servicesThe Irish subsidiary of Kraken was granted virtual asset service provider (VASP) authorization by the Central Bank of Ireland.
اقرأ أكثر »
ETH deposits outpace withdrawals as Shapella boosts stakers’ confidenceData provided by blockchain analytics firm Nansen revealed that the ETH inflows had started to surpass outflows, indicating that users were restaking their rewards for better returns.
اقرأ أكثر »
![Ethereum Classic [ETC] leads the altcoin decline- Here’s the detailed report](https://i.headtopics.com/images/2023/4/19/cryptoamb/ethereum-classic-etc-leads-the-altcoin-decline-her-ethereum-classic-etc-leads-the-altcoin-decline-her-1648695527691747328.webp?w=640)
Ethereum Classic [ETC] leads the altcoin decline- Here’s the detailed reportETC fell by over 8% in the last 24 hours, wiping out all of the gains that it achieved in the second week of April. The selling pressure, at press time, pushed the alt below the 50% RSI level which suggested that the market favored the bears.
اقرأ أكثر »
SocGen unveils EUR CoinVertible, a euro-pegged stablecoin on the Ethereum networkSG-FORGE, the crypto division of Societe Generale, has announced the launch of EUR CoinVertible, a Euro-pegged stablecoin hosted on the Ethereum blockchain.
اقرأ أكثر »