$2B In Ether Rewards To Become Liquid Within 5 Days – April 12

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$30,035

Bitcoin price continues to hang around the $30,000 level, following a trio of attempts to break higher.

Top-20 altcoins have also had their price rallies halted, as Ether gains just 1%, BNB retreats 2% and Solana is the biggest gainer with just a 2% rise.

Top Stories for April 12, 2022 🔥

👉 $2B In Ether Rewards To Become Liquid Within 5 Days

Ethereum’s Shapella upgrade will allow validators to access over 1.1 million ETH ($2 billion) in accumulated rewards as partial withdrawals, representing 6% of the total 18 million ETH currently staked on the network.

Blockchain analytics firm Glassnode estimates that only 44% of validators have registered to claim these rewards, and in a hypothetical scenario where all validators sign up, the process would take around five days.

Glassnode estimates that 170,000 ETH ($317 million) may be sold by validators in the week following Shapella, which it believes could have an “acceptable impact” on the price of Ether.

👉 US CPI Inflation Rises 0.1% In March, Less Than Expected

The US Consumer Price Index (CPI) rose by 0.1% in March, lower than economist expectations of 0.2%, according to the Bureau of Labor Statistics.

On a year-over-year basis, the CPI increased by 5%, down from 6% in February and below expectations of 5.2%. The core CPI, which excludes volatile food and energy prices, was up 0.4% in March, in line with forecasts.

The price of bitcoin rose almost 1.5% to $30,430 in response to the report, with gains influenced by the belief that the US Federal Reserve may soon end its run of interest rate hikes.

👉 Binance US To Delist TRON, Shortly After SEC Reports Of Price Manipulation

Binance US has announced it will delist TRON (TRX) from its trading platform, three weeks after the US Securities and Exchange Commission accused Tron founder Justin Sun and several celebrities, of manipulating the price of TRX and BitTorrent (BTT) tokens.

According to Binance US, the delisting was prompted by a routine review process, during which Binance US considers a variety of factors such as trading volume, liquidity, and regulatory standing in the U.S.