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There’s no reward without work, no victory without effort, no battle won without risk! (weekly crypto updates)
6 min readJan 29, 2023
Another week, another circus, another smile, and even a few tears, this time of joy. What happened in the last seven days? Ethereum is getting there, where you can stake our 32 ETH for validators very soon, maybe in March. Celsius is working on a solution for everyone. BlockFi seems to still have issues giving back our money. What else? Read below:
- Bitcoin: The CEO of Grayscale Investments said that the SEC approach has been slowing down Bitcoin’s progress. Bitcoin and Ether have provided better risk-adjusted benefits than the traditional portfolio (60% stocks, 40% bonds). Blockstream raised $125M in convertible notes and secured loan financing its bitcoin mining. Tesla holdings remain unchanged, for the second straight quarter. but they dropped in value from $218M to $184M. Some so-called experts are saying that bitcoin will not be back to $68K before 2025.
- Ethereum: ETH devs are a step closer to enabling withdrawals, after successfully deploying the first mainnet shadow fork for the Shanghai Upgrade. Mainnet shadow forks are final practice runs of system improvements, allowing us to test for design flaws and tweak any outstanding issues. Shanghai is…