Oluwapelumi Adejumo · 6 hours ago · 2 min read Lido DAO is responsible for most staked Ethereum withdrawals — roughly 25% — according to Nansen’s dashboard.2 min read Updated: April 17, 2023 at 2:32 pm Cover art/illustration via CryptoSlate Ad Four days after the Ethereum (ETH) Shapella upgrade, more than 1 million ETH has been withdrawn, according to beaconcha.in data.According to the data, 1.04 million ETH has been withdrawn from the 491,037 processed withdrawals.The highest withdrawal was processed on April 15 when validators removed 392,8012 ETH from the Beacon Chain.On other days, over 150,000 ETH were withdrawn, respectively.Meanwhile, more ETH will be withdrawn over the coming days.According to Token Unlocks, 866,850 ETH valued at $1.81 billion are awaiting withdrawal from 471,370 validators.
Lido tops withdrawals According to Nansen’s dashboard, Lido DAO is responsible for most withdrawals.The liquid staking platform accounts for 25% of all withdrawals processed.It is followed by Binance — which has withdrawn 84,145 staked ETH, equating to 8.11% of withdrawn ETH.
Other centralized entities like bankrupt lender Celsius, Figment, and Satofishi are also among the top addresses that have withdrawn their staked tokens.Centralized exchanges dominate pending withdrawals Meanwhile, centralized exchanges — Kraken, Coinbase, Binance, and Gemini — dominate the platforms awaiting withdrawals of their staked ETH.CryptoSlate previously reported that these platforms account for 78% of the entities waiting to withdraw their staked Ethereum.As of press time, these platforms want to withdraw 736,500 ETH.Recent regulatory troubles in the United States are forcing these platforms to withdraw their assets to remain in compliance with the Securities and Exchange Commission (SEC).Over 380,000 ETH have been deposited since Shapella upgrade Since the Shanghai hard fork, staked ETH balance has declined by 3.8% to 17.3 million ETH despite investors depositing 380,420 ETH, according to Token Unlocks.
This means there has been a net decline of 657,570 ETH ($1.36 billion) in staked ETH as of press time.Meanwhile, Lookonchain reported that some addresses withdrawing their staked ETH immediately re-staked them.According to the on-chain sleuth, three wallets out of the top 15 withdrawal addresses re-staked 19,844 ETH.Lookonchain further pointed out that some addresses withdrawing their assets were also selling them.The investigator highlighted three wallets that sent 71,444 ETH to unnamed centralized exchanges.ETH has been one of the best-performing digital assets since the Shapella upgrade.The cryptocurrency increased by more than 12% over the past week and pulled the broader market into a green run.Leave a Reply [Cancel reply](/ethereum/staked-ethereum-declines-3-8-as-withdrawals-cross-1m-eth/#respond) Leave a Reply According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S.
Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit.The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States.‘Lack of Regulatory Clarity’ in the U.S.Adds Uncertainty for Cryptocurrency Exchanges On Sunday, April 16, 2023, the Wall Street Journal (WSJ) reported that the cryptocurrency exchange Bittrex was informed of a potential lawsuit and enforcement action in the form of a Wells notice.A Wells notice is essentially a letter from the U.S.SEC that informs an individual or company of the regulator’s intent to take enforcement action against them.The notice provides the recipient with a chance to respond and often does not result in litigation.At the start of April, Bittrex informed the public that it “made the difficult decision to wind down U.S.
operations, effective April 30, 2023.” Bittrex’s general counsel, David Maria, stated that the Wells notice pertains to alleged violations of investor-protection laws.According to the WSJ report by Dave Michaels and Mengqi Sun, Bittrex has been under investigation by the SEC since 2017, and during this time, the exchange has received “multiple subpoenas” from the U.S.securities regulator.Maria revealed that the notice disclosed SEC attorneys’ claims that Bittrex conducted activities as an exchange, broker-dealer, and clearinghouse without registering with the SEC.Bittrex’s general counsel also mentioned that last year, the exchange looked into registering with the regulator but discovered that it would not be feasible.Maria informed the WSJ that the regulations surrounding cryptocurrency in the United States are unclear.“The lack of regulatory clarity results in significant costs and uncertainty about what can and cannot be offered,” the lawyer stated.He revealed that the exchange is unsure if the SEC will pursue litigation.
If the securities regulator does decide to sue Bittrex, Maria said that the exchange would contest the action in court unless the government “presented a reasonable settlement offer.” Tags in this story Altcoins, Bitcoin, Bittrex, Blockchain, broker-dealer, clearinghouse, Compliance, Crypto, Cryptocurrency, cryptocurrency market, Decentralized, decentralized finance, Digital Assets, Digital Currency, enforcement action, Ethereum, Exchange, financial industry, Financial Markets, Financial Regulation, Fintech, Government, investor protection, Lawsuit, Litigation, market volatility, Regulation, Regulations, Regulators, regulatory clarity, SEC, sec investigation, settlement offer, Subpoena, trading, United States, US Regulators, Virtual Currency, wells notice What do you think the future holds for cryptocurrency regulation in the United States, and how do you believe it will impact crypto exchanges? Share your thoughts in the comments below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.
Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons, Tada Images / Shutterstock.com Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Analysis Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000 On Monday, As US Dollar Rallies Bitcoin started the week trading below $30,000, as the U.S.dollar strengthened during Monday’s session.USD/JPY rose to a one-month high, with the greenback also gaining against the euro and British pound.
Ethereum was also lower, falling below $2,100.Bitcoin Bitcoin (BTC) dropped below the $30,000 mark on Monday, as a strong U.S.
dollar weakened cryptocurrency markets.BTC/USD fell to an intraday low of $29,816.72, which comes less than 24 hours after trading at a high of $30,555.54.
Monday’s price slippage comes two days after bitcoin rose above $31,000 for the first time since June 7.Ultimately, this recent bull run pushed BTC into overbought territory, with the relative strength index (RSI) hitting a ceiling of 71.00.At the time of writing, the index is tracking at 63.45, with a floor at the 59.00 mark potentially approaching.Should price strength continue to move towards this level, there is a good chance that BTC will move below a floor at $29,600.Ethereum Ethereum (ETH) mostly consolidated to start the week, as price moved below the $2,100 mark on Monday.Following a high of $2,137.45 on Sunday, ETH/USD dropped to a bottom of $2,076.18 earlier in today’s session.Monday’s decline sees the world’s second largest cryptocurrency drop from a recent 11-month high.Similar to bitcoin, this decline coincided with the 14-day RSI failing to break out of a ceiling, and in this instance it was at the 75.00 mark.
Despite this, ETH remains close to the $2,100 mark, helped by the fact the index is still above its floor at 69.00 If this point of support were to break, then bears would likely reenter the market.
Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Could ethereum fall below $2,000 this week? Leave your thoughts in the comments below.Eliman Dambell Eliman was previously a director of a London-based brokerage, whilst also an online trading educator.Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.
Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Germany needs no mention when it comes to a diversified history and making significant contributions to science, technology, automobile, and engineering industries.The craftsmanship is of the utmost quality with high-precision manufacturing which translates to its beers, wine, and bread.The country is also known for its efficiency, punctuality, and reliability.And now the European country has come up with plans to become the home of the digitized capital marketplace.A week ago, the Federal Ministry of Finance (Bundesfinanzministerium, “BMF”) along with the Federal Ministry of Justice (Bundesjustizministerium, “BMJ”) published a co-collaborated key points paper (the Joint Paper) for the Future Financing Act (ZukunftsFinanzierungsgesetz).
The Future Financing Act The Future Financing Act transforms Germany into a popular destination as a new financial hub with the possibility of changing the German capital marketplace landscape with a specific focus on tokenized distribution.
Tokenized Distribution has the potential to make investments more accessible and affordable while ensuring transparency and liquidity in the marketplace.Tokenized Distribution has been gaining interest and development in the financial industry for the past few years.The Future Finance Act focuses on enabling access to the capital market for companies, specifically for start-ups, growth companies, and SMEs.This would improve the legal framework along with the country’s ability at becoming an even stronger financial center for financial instruments and transactions.What Is Tokenized Distribution? Tokenized Distribution is the process of creating and distributing digital tokens that represent ownership of assets such as securities, stocks, bonds, or real estate, with the use of blockchain technology.Blockchains allow for secure transactions that are more efficient without the need for intermediaries such as banks or brokers and instead would employ the use of smart contracts while all transactions are recorded to a decentralized ledger.
This would improve the ability to raise equity capital, as a result, barriers would be removed due to digitalization and an expansion of opportunities.The allowance of English to be used when communicating with the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsich “BaFin”) would lead to improvements and speaks volumes considering how Germans pride their language.The tax framework will come into action within the first half of the parliamentary term, with the current term concluding in October 2023.The Future Finance Act does not specifically have provisions related to cryptocurrencies, however, does have inclusions for blockchain technology.
The inclusion of blockchains will encourage investments in companies that will be working with blockchain technology and cryptocurrencies which will lead Bitcoin and Ethereum to find a new home.Data Simplified With Signuptoken.com Signuptoken.com is on a mission to simplify how data is shared on blockchains while focusing on maintaining user privacy and has the potential to become a marketplace for NFTs.
Not much is known about Signuptoken.com except for the fact that the blockchain along with the token will launch once it has been able to successfully achieve its goal of 1 million email subscribers.
The most interesting fact is that there will be no pre-sale or initial coin offering which adds transparency to Signuptoken.com.Where most other new blockchain-based tokens are focused on raising funding through pre-sales and loot boxes, Signuptoken.com is focused on developing a community.The whitepaper shared on the Signuptoken.com website does mention that a single email may grant participants the opportunity to become a millionaire with their email which would alert participants of the token and blockchain going live.This may well be possible however, there is only one way to find out and that is to register your email address to become and participant in Signuptoken.com.
Get Exclusive Access to All Things Signuptoken.com Website: https://www.signuptoken.com Twitter: https://twitter.com/_SignUpToken_ Telegram: https://t.me/SignUpToken Disclaimer: The information provided in this article is solely the author/advertisers’ opinion and not an investment advice – it is provided for educational purposes only.
By using this, you agree that the information does not constitute any investment or financial instructions by Analytics Insight and the team.Anyone wishing to invest should seek his or her own independent financial or professional advice.
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