Ethereum transition from Proof-of-Work to Proof-of-Stake (PoS) was the last major upgrade to the altcoin’s blockchain. The Shanghai hard fork and token unlock is next key event in Ethereum. The shift to PoS purged 70,000 ETH tokens from the altcoin’s circulating supply.
Experts are bullish on Ethereum’s price rally to $2,000, and believe that the token unlock will turn out to be a non-event with the option of stakers pouring ETH into liquid staking derivatives.
Dogecoin (DOGE) price is popping higher after another gloomy day on Tuesday as markets rolled over yet again. This Wednesday morning a bullish undertone is emerging as Asian stocks rally higher and pull risk assets along with them. The move higher comes after China’s central bank committed to coming up with more financial aid for companies, which triggered a massive bull wave in all risk assets.
The Federal Deposit Insurance Corporation (FDIC) has asked crypto customers exposed to the defunct Signature bank to exit by next week, whether they have a new bank or not. The agency is trying to expedite the process for stranded cryptocurrency customers to leave the temporary organization that is currently managing assets belonging to the now-collapsed Signature bank.
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