Attention all crypto Lovers! Brace yourselves for some roller-coaster action in the crypto market today! The beloved Bitcoin (BTC) has taken a tumble, dipping below the $30,000 mark, while Ethereum (ETH) lost the coveted $1,900 level just ahead of the much-awaited Shanghai Upgrade. Even popular altcoins like Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) are feeling the heat with red numbers flashing on the charts. But fear not, there's a glimmer of hope amidst the chaos! Solana (SOL) has emerged as the superstar of the day, surging with a jaw-dropping 5% jump in the last 24 hours. However, it's not all sunshine and rainbows as Rocket Pool (RPL) takes a nosedive, becoming the top loser with a whopping 11% dip. As of now, the global crypto market cap stands at $1.22 trillion, but keep a close eye on the market as it's been a wild ride! Stay tuned for more updates on Coinpedia Daily News, your go-to source for all things crypto!
Latest News
Holding Strong: Majority of Staked ETH Remains Unmoved Despite Shanghai Upgrade, Glassnode Reveals
Glassnode predicts that only 253 validators will fully exit their staked Ether position after the Shanghai hard fork on Ethereum, which amounts to approximately 170,000 ETH ($323 million) out of the total 18.1 million ETH staked on the Beacon Chain.
The predicted figure includes 100,000 ETH ($190 million) worth of staking rewards and 70,000 ETH ($133 million) worth of staked Ether.
Glassnode believes that even in the extreme case where all the rewards and stake are withdrawn and sold, the impact on Ether's price will still be acceptable, as the sell-side volume falls within the range of the average weekly exchange inflow volume.
Glassnode expects some Ether to be withdrawn from Kraken's staking service due to the recent challenge on its legality by the U.S. SEC, and from Celsius as part of its bankruptcy proceedings, but it is unlikely to happen immediately after the Shanghai upgrade is activated on April 12, 2023, at 10:30 pm UTC.
Putting an End to Ransomware: Australia's Major Cyber Attack Spurs Movement to Ban Payments
Australia's biggest cyber attack occurred on Latitude Financial, a financial institution, resulting in the theft of approximately 7.9 million driver's license numbers, 6.1 million customer records, 53,000 passport numbers, and 100 customer financial statements.
The Australian government is facing pressure to ban the payment of cyber ransoms, typically demanded in cryptocurrency, in response to the attack on Latitude Financial.
The Australian Cyber Security Centre (ACSC) currently advises against paying ransoms, but there is no existing law prohibiting such payments.
Cybersecurity experts, industry professionals, and a review of Australia's cybersecurity strategy have suggested that making ransom payments illegal could serve as a deterrent to cybercriminals and prevent further attacks. Cryptocurrency has been accused of facilitating ransomware attacks due to its ability to anonymize funds and transfer them across borders.
Delisting Drama: Tron's TRX Slumps 6% as Binance.US Pulls the Plug
Tron's TRX token delisted on Binance.US due to various factors, including regulatory concerns and unethical behavior.
U.S. Securities and Exchange Commission lawsuit against Tron's Justin Sun leads to TRX delisting on Binance.US.
TRX drops 6.4% in value after Binance.US delists the token, according to CoinDesk market data.
Binance.US cites evolving industry and high standards for delisting TRX, while Tron remains in communication with the exchange.
Crypto traders and investors are preparing for a potentially volatile week ahead due to the release of the Consumer Price Index (CPI) for March and its expected influence on the market.
Bitcoin has historically been greatly impacted by CPI data, and it started the week on a positive note with its price reaching a new 10-month high and eyeing the $31,000 resistance level.
Experts advise traders to de-risk before the CPI release, as consolidation and potential market impact are expected. Considerations should also be given to the U.S. dollar's impact and the $34,000 resistance level.
Technical data suggests that Bitcoin's volatility correlations with traditional risk assets are changing, but sentiment among traders remains optimistic despite potential market impact, as shown by sentiment data and analytics from Kaiko.
Daily Bulletin : Bitcoin Storm, ETH Staked, Ransomware Ban, TRX Delisting, XRP Surge!
Daily Bulletin : Bitcoin Storm, ETH Staked, Ransomware Ban, TRX Delisting, XRP Surge!
Daily Bulletin : Bitcoin Storm, ETH Staked, Ransomware Ban, TRX Delisting, XRP Surge!
Hello,
Welcome to Coinpedia’s Daily News.
Attention all crypto Lovers! Brace yourselves for some roller-coaster action in the crypto market today! The beloved Bitcoin (BTC) has taken a tumble, dipping below the $30,000 mark, while Ethereum (ETH) lost the coveted $1,900 level just ahead of the much-awaited Shanghai Upgrade. Even popular altcoins like Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) are feeling the heat with red numbers flashing on the charts. But fear not, there's a glimmer of hope amidst the chaos! Solana (SOL) has emerged as the superstar of the day, surging with a jaw-dropping 5% jump in the last 24 hours. However, it's not all sunshine and rainbows as Rocket Pool (RPL) takes a nosedive, becoming the top loser with a whopping 11% dip. As of now, the global crypto market cap stands at $1.22 trillion, but keep a close eye on the market as it's been a wild ride! Stay tuned for more updates on Coinpedia Daily News, your go-to source for all things crypto!
Latest News
Holding Strong: Majority of Staked ETH Remains Unmoved Despite Shanghai Upgrade, Glassnode Reveals
Glassnode predicts that only 253 validators will fully exit their staked Ether position after the Shanghai hard fork on Ethereum, which amounts to approximately 170,000 ETH ($323 million) out of the total 18.1 million ETH staked on the Beacon Chain.
The predicted figure includes 100,000 ETH ($190 million) worth of staking rewards and 70,000 ETH ($133 million) worth of staked Ether.
Glassnode believes that even in the extreme case where all the rewards and stake are withdrawn and sold, the impact on Ether's price will still be acceptable, as the sell-side volume falls within the range of the average weekly exchange inflow volume.
Glassnode expects some Ether to be withdrawn from Kraken's staking service due to the recent challenge on its legality by the U.S. SEC, and from Celsius as part of its bankruptcy proceedings, but it is unlikely to happen immediately after the Shanghai upgrade is activated on April 12, 2023, at 10:30 pm UTC.
Putting an End to Ransomware: Australia's Major Cyber Attack Spurs Movement to Ban Payments
Australia's biggest cyber attack occurred on Latitude Financial, a financial institution, resulting in the theft of approximately 7.9 million driver's license numbers, 6.1 million customer records, 53,000 passport numbers, and 100 customer financial statements.
The Australian government is facing pressure to ban the payment of cyber ransoms, typically demanded in cryptocurrency, in response to the attack on Latitude Financial.
The Australian Cyber Security Centre (ACSC) currently advises against paying ransoms, but there is no existing law prohibiting such payments.
Cybersecurity experts, industry professionals, and a review of Australia's cybersecurity strategy have suggested that making ransom payments illegal could serve as a deterrent to cybercriminals and prevent further attacks. Cryptocurrency has been accused of facilitating ransomware attacks due to its ability to anonymize funds and transfer them across borders.
Delisting Drama: Tron's TRX Slumps 6% as Binance.US Pulls the Plug
Tron's TRX token delisted on Binance.US due to various factors, including regulatory concerns and unethical behavior.
U.S. Securities and Exchange Commission lawsuit against Tron's Justin Sun leads to TRX delisting on Binance.US.
TRX drops 6.4% in value after Binance.US delists the token, according to CoinDesk market data.
Binance.US cites evolving industry and high standards for delisting TRX, while Tron remains in communication with the exchange.
Crypto Traders on Edge: Can Bitcoin Weather the Storm of CPI Reports?
Crypto traders and investors are preparing for a potentially volatile week ahead due to the release of the Consumer Price Index (CPI) for March and its expected influence on the market.
Bitcoin has historically been greatly impacted by CPI data, and it started the week on a positive note with its price reaching a new 10-month high and eyeing the $31,000 resistance level.
Experts advise traders to de-risk before the CPI release, as consolidation and potential market impact are expected. Considerations should also be given to the U.S. dollar's impact and the $34,000 resistance level.
Technical data suggests that Bitcoin's volatility correlations with traditional risk assets are changing, but sentiment among traders remains optimistic despite potential market impact, as shown by sentiment data and analytics from Kaiko.
XRP Bulls on the Move: Analysts Map Potential Highs with Nearly 50% Price Surge Expected!
XRP has experienced both highs and lows in 2021, but the market sentiment is turning bullish with Bitcoin reaching $30,000.
Crypto researcher Egrag Crypto predicts XRP will recapture $1 mark, aiming for the low end of the falling wedge despite potential negative news.
XRP expected to move towards Fib 0.5 - Fib 0.618 levels, with potential targets of $1.4 to $2.8, and a key target of $13.
Ripple's legal battle with SEC nearing conclusion, causing anxiety among Ripple users as it's anticipated to be a landmark case in crypto regulation.
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