Ethereum

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>It has been two weeks since the Shappela upgrade, and Ethereum (<a href="http://www.cryptoslate.com/coins/ethereum">ETH</a>) had broken $2,000.</li>
</ul>
<p>Staked <a href="https://cryptoslate.com/insights/staked-ethereum-deposits-exceed-eth-withdrawals-in-latest-24-hour-period/">ETH deposits</a> have outpaced withdrawals over the past 24 hours. The results are below;</p>
<ul>
<li>Deposits: 121,806 ETH</li>
<li>Withdrawals: 28,762 ETH</li>
<li>Net: 93,044 ETH</li>
</ul>
<figure id="attachment_320682" aria-describedby="caption-attachment-320682" style="width: 928px" class="wp-caption aligncenter"><img class="wp-image-320682 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/7.png" alt="ETH Withdrawals + Deposits: (Source: Nansen)" width="928" height="381" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/7.png 928w, https://cryptoslate.com/wp-content/uploads/2023/04/7-300x123.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/7-768x315.png 768w" sizes="(max-width: 928px) 100vw, 928px" /><figcaption id="caption-attachment-320682" class="wp-caption-text">ETH Withdrawals + Deposits: (Source: Nansen)</figcaption></figure>
<h3 id="withdrawals">Withdrawals</h3>
<ul>
<li>However, most interestingly, ETH principal withdrawals (all-time) have come from Kraken — which was a regulatory forced exit. This amounts to 64.1% of the principal withdrawn (489,759) ETH.</li>
<li>While the all-time withdrawal, including rewards, is again spearheaded by Kraken 598,815 ETH — a total of 35.3%.</li>
<li>The outstanding amount of ETH waiting for the full- exit (staked ETH waiting to be withdrawn) is 620,377 ETH, and 19,348 validators are waiting for the full exit.</li>
</ul>
<figure id="attachment_320679" aria-describedby="caption-attachment-320679" style="width: 928px" class="wp-caption aligncenter"><img class="wp-image-320679 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/ETH1-1.png" alt="ETH Withdrawals: (Source: Nansen)" width="928" height="381" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/ETH1-1.png 928w, https://cryptoslate.com/wp-content/uploads/2023/04/ETH1-1-300x123.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/ETH1-1-768x315.png 768w" sizes="(max-width: 928px) 100vw, 928px" /><figcaption id="caption-attachment-320679" class="wp-caption-text">ETH Withdrawals: (Source: Nansen)</figcaption></figure>
<figure id="attachment_320680" aria-describedby="caption-attachment-320680" style="width: 928px" class="wp-caption aligncenter"><img class="wp-image-320680 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/ETH2.png" alt="ETH Withdrawals: (Source: Nansen)" width="928" height="381" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/ETH2.png 928w, https://cryptoslate.com/wp-content/uploads/2023/04/ETH2-300x123.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/ETH2-768x315.png 768w" sizes="(max-width: 928px) 100vw, 928px" /><figcaption id="caption-attachment-320680" class="wp-caption-text">ETH Withdrawals: (Source: Nansen)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/regulatory-forced-kraken-exits-make-up-the-majority-of-eth-principal-withdrawals/">Regulatory forced Kraken exits make up the majority of ETH principal withdrawals</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Regulatory forced Kraken exits make up the majority of ETH principal withdrawals

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