Rocket Pool to Complete Atlas Upgrade, Hundred Finance Tries to Recover $7.4 Million
Traditional indices are trading lower today, with the ^SPX -0.12% (-0.20%) and NDQ (-0.62%) declining as market focus is shifting to the upcoming earnings season. Crypto markets are underperforming today as BTC (-3.14%) and ETH (-2.20%) are cooling off after rallying over the last week. As mentioned in last weekâs Crypto Weekly, supply overhang projections following the Ethereum Shapella upgrade were too pessimistic. As of this morning, total withdrawals since the upgrade surpassed 1 million. At the same time, depositors have staked an additional 380k Eth, resulting in a net staking balance of -675k, still representing less than a 1% change in Ethâs total circulating supply. Additionally, the rally in ETHBTC following Shapella remains intact, rising 1.09% today.