Member-only story
To win the game, remain in the game! (weekly crypto updates)
5 min readApr 22, 2023
Let’s start this week as it should, with a great greeting from Prague, where the beer is cold, and the people are warm. This week we got some long waiting times if you think to unstake your ETH, there is some drama involving Bitrex, Coinbase and the SEC, and much more. Check everything below:
- Bitcoin: Chicago Mercantile Eschange Group will introduce new options for its standard and micro-sized BTC and ETH contracts, from May 22. As a Bitcoin cycle has on average 500 days, the low on this cycle was on November last year ($15760), and we are currently 140 days into the current cycle. How much can the BTC go up? I am full of hope about this time. Tesla was holding on its BTC in Q1, as they did not sell anything in the first 3 months of the year.
- Ethereum: On mainnet, with the Shappella upgrade, 5% of the validators are opting to unstake their ETH, and there is a 17 days waiting period for full withdrawal (a full node of more than 32 ETH), and 4.27 days waiting period for a partial withdrawal. The next upgrade is Cancun/Denneb, aiming to make transactions on rollups 10–100 times cheaper. On Optimism, we have Ethos Reserve allowing users to deposit collateral and borrow stablecoins earning up to 57% on the protocol Stability Pool. Lybra, let you do the same thing on ETH, if you deposit ETH or stETH with a colateral…