DeFi News Daily Official TheBitTimes.com

Cilinix Crypto reviewed the BTC Bull presale, which has reached a significant milestone by raising $2.4 million in just a few days. This remarkable accomplishment stands out particularly given the current market conditions. While some altcoins are struggling in a relatively bearish environment, Bitcoin’s price stability has helped keep the broader market relatively steady. BTC Bull presale’s rapid success signals that there is a considerable amount of momentum and interest behind it, both socially and in terms of capital investment. Although the market’s overall outlook might not be exceptionally bullish right now, BTC Bull has managed to gain traction, which suggests strong potential for future growth. Bitcoin’s Historic Rally and the Meme Coin Set to Ride Its Momentum Between 2023 and 2024, Bitcoin surged from its cycle low of around $17,000 to a new all-time high of approximately $73,000, driven by the introduction of Bitcoin ETFs and growing institutional...

The Mad price plunged 12% in the last 24 hours to trade at $0.00005050 as of 11:17 p.m. EST on trading volume that soared 60% to $11.3 million. Mad Price Could Still Soar The MAD/USD 4-hour chart reveals significant bullish activity, with the Mad price momentum building after a prolonged period of consolidation. A notable Inverse head-and-shoulders pattern, a classic bullish reversal structure, is visible. This structure formed between late November and early December, with the neckline breakout occurring near the $0.00004506 level, according to data from GeckoTerminal . The price successfully retested the neckline before rallying further, confirming the breakout. Meanwhile, the 50-day Simple Moving Average (SMA) is trending upwards and currently at $0.00004479, providing near-term support. The 200-day SMA at $0.00002923 remains far below, underscoring a strong long-term bullish trend. The Relative Strength Index (RSI) is at 52.34, which is in neutral territory. This indicates the...

ETH price rallied as deposits briefly surged after the Shapella, but on-chain data suggests that 1.4 million ETH will be withdrawn in the short-term. Ethereum’s long-anticipated Shanghai and Capella upgrade was activated on April 12 and the total withdrawal s in the first 40 hours after the Shapella upgrade stood at 142,425 ETH, per Nansen data. This falls in line with previous estimates.  For a brief moment on April 12, when Shapella was activated, the deposits to ETH staking contracts outpaced withdrawals. However, deposits have slowed down come April 13 while the withdrawals are going strong. ETH moved for withdrawals The validators are required to update their staking software clients with withdrawal credentials changed to 0x01 from 0x00 and point to a valid Ethereum address. Once validators do that, the partial withdrawals, i.e. the withdrawals of rewards above 32 ETH, will be processed automatically. Over 70.1% of validators have changed to 0x01, with 407,851.20 worth over $850...

Coinbase announces that unstaking requests may take weeks to months to process as they are not in charge of ETH unstaking process. Ether (ETH) stakers who have had their holding locked up during the Ethereum Merge event might soon have access to unstaking. Coinbase has announced in a tweet that un Staking requests on their platform may take the protocol weeks to months to process. According to the tweet, they expect a flood of Staking withdrawal requests after the update in the Ethereum network enable the functionality next month. The Ethereum Merge, transitioned the network from proof-of-work (PoW) to proof-of-stake (PoS) in September 2022, but stakers’ holdings remained locked up. This merger created a temporary situation in which staking providers like Coinbase allow users to stake ETH on their platform – but not to withdraw them. Expected to arrive in mid-April, Ethereum's Shapella upgrade will enable users to withdraw their staked ETH, or "unstake" it. ETH holders ...