This Week in Crypto

  • Staked ETH withdrawals to activate on April 12. Ethereum’s ($ETH) long-awaited Shanghai and Capella (Shapella) upgrades will be deployed on mainnet on April 12, allowing ETH stakers to withdraw their coins for the first time. Shapella’s scheduling drove a spike in the price of Ether, with the second-largest digital asset rallying 5% on the news.
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  • Market shrugs off crypto regulatory crackdowns. Bitcoin retook the $28,000 level after dipping below it on Monday. Investors appeared to be shaking off anxiety* surrounding a U.S. regulatory crackdown after the CFTC sued Binance for alleged violations of trading rules. Traders are also betting the U.S. Federal Reserve will reverse its interest rate hiking path later this year.

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