Ethereum Staking Withdrawal Date Confirmed, SEC Chief to Testify in Congress
Crypto and Equities are rising, with the S&P up 1.07% while BTC gained 3.82% over the last day. No news is good news as investors regain comfort that the financial sector has stabilized each day that passes without another crisis. Core PCE inflation is scheduled to be released this Friday. Known as the Fedâs preferred measure of inflation, it could either strengthen or weaken the marketâs conviction that the Fed may be at the end of its rate hiking cycle. ETH is underperforming Bitcoin, gaining only 1.73%. Yesterday the Ethereum Foundation released a blog stating they had set a date for the Shanghai / Capella upgrades (Shapella), which will enable withdrawals from network staking. Liquid staking projects LDO (+12.9%) and FXS (+19%) both moved higher as investors see the upgrade as a potential catalyst for further LSD product demand. XRP continues to outperform among the top 10, gaining 8.3% over the last day from continued speculation of a favorable ruling in their case against the SEC.
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