The bigger the reward for staking, the greater the number of stakers and the stronger the demand for shorting or selling futures. That’s because staked ether cannot be withdrawn before the next upgrade called Shanghai fork, due in mid-2023, and will earn rewards in ETH, which makes stakers vulnerable to potential ether price slides. Therefore, they will likely hedge their ETH exposure by selling futures contracts tied to ether.
Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation
In a near-vacuum of legal and regulatory clarity for crypto, district judges’ opinions on whether a given token is a...