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Binance has reportedly raised the minimum staking amounts of several cryptocurrencies, such as solana (SOL), polkadot (DOT), and cosmos (ATOM), for users wishing to stake in their earning products. Binance adjusts asset caps The Binance Earn products are a suite of offerings that allow token holders to earn passive income from their crypto assets. Some of them include Flexible Savings and Locked Savings. In the latter, a user can lock a token for a specific period. After this, they can withdraw their staked coins and rewards earned. You might also like: Binance engages former DOJ prosecutor to counter SEC allegations Binance raised the caps for locking assets for 120 days on several crypto assets. As such, to lock ATOM for 120 days, users must now lock a minimum of 1,000 ATOM, up from 30 ATOM. Meanwhile, SOL stakers must lock at least 500 SOL, which is an increase from 30 SOL. However, as a consequence, the annual percentage rates (APRs) associated with these p...

Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%. Over 1 million Ether (ETH) worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million ETH withdrawals have come from 473,7000 withdraw al requests, with Saturday, April 15 being the largest withdraw al day at 392,800 ETH according to Data from beaconcha.in. Of the active validators, nearly 87% or 469,000 of the 540,000 are now able to withdraw their staked Ether. April 15 to 16 saw the largest Ether withdrawals processed so far, with 392,800 and 280,400 Ether withdrawn respectively. Source: beaconcha.in While members of the Ethereum community were split on what impact Shapella would have on the price of Ether, the first four days have produced close to a 10% rise. ETH has increased about 9% since the Shapella upgrade took effect late on April 12. Source:...

Ethereum’s Shanghai upgrade is set to unlock a trove of staked Ether and possibly benefit other staking protocols that offer lucrative yields. Ethereum’s upcoming Shanghai upgrade will allow users to withdraw staked Ether (ETH), increasing the network’s liquid ity and competitiveness while also boosting its staking ratio closer to its competitors. The Shanghai upgrade is a hard fork of Ethereum tentatively scheduled to occur in March. It implements five Ethereum Improvement Proposals, the headliner being EIP-4895, which allows users to withdraw their locked-up tokens representing staked Ether from the Beacon Chain. The ability to withdraw staked Ether could increase market liquid ity and make it easier for users to access their funds. Ethereum liquid staking platforms, which largely emerged to alleviate the blockchain’s prohibitive lock-up and staking requirements, could also benefit from the upgrade . Since the Ethereum network moved to proof-of-stake (PoS) in September 2022, i...