Rumors emerged on Twitter last week claiming that the Ethereum Foundation is pushing back its timeline for staked ether (ETH) to be withdrawn from the Beacon Chain. In these volatile times for the crypto industry, when many services including FTX, BlockFi, and Genesis have halted crypto withdrawals and appear to be collapsing, it’s understandable that stakers would be suspicious of any perceived delays in accessing their funds.So what is going on

The past two weeks have been devastating for the crypto space. The events that have unfolded sent prices to new yearly lows. The market for the most part of this week has been relatively stable, trading rangebound, as coins across our convert portal have seen a significant drop in trading volume. TWT, a popular cold storage platform, has outperformed the market this week with trading volume currently up over 2000% with a subsequent price increase

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.Ethereum’s highly publicized recent update, “the Merge,” radically changed how the second-biggest blockchain network works by eliminating its reliance on cryptocurrency miners and dramatically reducing its energy costs. The network’s next upgrade, “Shanghai,” will focus on tying up loose ends.After a m

The Merge of the Ethereum network celebrated its one-month anniversary on Oct. 19.As that historic shift settles in, the picture is not easy to read. Key underlying metrics are moving in the right direction, despite the overarching noise of global markets at a turbulent time for investors.Simon Peters is a crypto market analyst at social investment network eToro.The price of ETH hasn't reacted positively in the month since then, but this is under

Digital asset investment products saw outflows totalling $5 million last week, CoinShares said in a weekly report on Monday.Traded volumes for crypto investment products were $758 million, the lowest since October 2020, CoinShares said. This was far below the average of $7 billion a week seen this time last year.Bitcoin products saw minor inflows of $4.6 million for a sixth consecutive week, while short-bitcoin investment products saw $7.1 millio

 Arguably this has been one of the biggest weeks for crypto, the long-awaited ‘Merge’ has finally completed. ETH has transitioned from proof-of-work to proof-of-stake, reducing ETH’s energy consumption by 99.5%. As anticipated the lead up to the Merge has seen an increase in buying interest on our OTC desk and convert portal, with volume increasing 16.07%. Surprisingly despite the hype and volume increase driven around The Merge, ETH is currently

Ethereum has been getting ready to ‘merge,’ creating temporary disruptions in some crypto trading and potentially new opportunities for investors.Now that merge has finally happened.But what does it really mean?In simple but perhaps poorly understood terms, Ethereum has gone from a cryptocurrency token backed by a proof-of-work blockchain to one supported by a proof-of-stake blockchain.This process required the help of a proof-of-stake chain call

Digital asset investment products saw outflows of $63 million last week, marking a fifth consecutive week of outflows, CoinShares said in a weekly report on Monday.Outflows remain "relatively small in size", totalling $99 million over the past 5 weeks, CoinShares said. Volumes remain at only 46% of this year's average, at $1 billion for the week.Ethereum was the main focus this week, with $62 million in outflows, ahead of the Merge. "This comes d

With the U.S. dollar restrained and Ethereum's supposedly-bullish upgrade, the Merge, almost here, stars seem aligned in favor of ether (ETH). And yet, the native token of Ethereum's blockchain has been underperforming bitcoin (BTC) since Friday.While bitcoin has rallied 15% to $22,300 since Friday, ether has lagged, gaining just 7% to $1,750, according to CoinDesk data.Ether's underperformance stems from traders rotating money out of ETH and int

Staked ETH on the Ethereum network has now reached a new milestone of 13.3 million. This number has been a long time in the making and has recorded tremendous growth since the announcement about a month ago. The contract now sits at a whopping 13.308 million ETH now staked, rising with each passing day.The total number of ETH now staked accounts for about 11% of the total supply. This means that 11% of Ethereum’s available supply has been rendere