The Ethereum space is all set to take another huge step towards the Shandong Testnet post the Ethereum Merge. Most of the Ethereum stakers will be happy to witness this step towards withdrawals.

The Shandong Testnet will be relaunched in the coming days, as per the Ethereum Foundation Javascript. Most of the Shanghai-considered EIPs are activated for the early customer testing on the pre-Shanghai testnet called Shandong.

Furthermore, Ethereum lead developer named Tim Beiko also stated There is strong consensus that withdrawals should happen as soon as possible, and if we add anything alongside them in the fork, the delays to Shanghai should be minimal. Team felt like a March fork with withdrawls should be possible.

The present ETH staking system is faulty as there are no withdrawal options available. Moreover, validator nodes must theoretically stake minimum 32 ETH tokens. As a result, only notable ETH holders are capable to open operate a validator node for the Beacon Chain. But, most of the exchanges currently permit their customers to stake Ethereum on their nodes such as Coinbase, Binance, Uphold among others.

As Bitcoin price faced a notable jump in the early trading hours that increased the price by approximately 6.5%. The BTC price successfully trades beyond $16,500 after reaching the monthly lows below $15,500 in the previous days. We can say that the market participants may be a bit relieved with a minimal amount of accumulated buying volume, the revival of the bearish may be shortly validated.

Many the times, the long-term holders constantly accumulate the tokens without liquidating them at any point without concerning about the market trends. As per Coinpedia, the number of long-term holders has rising after the markets underwent a bull run in the year 2021. In addition to this their holdings stayed unspent and untouched and therefore called dormant.

As per the latest update, such dormant addresses have been spreading out their BTC reserves continuously stating a huge bearish event is approaching rapidly. As mentioned in Coinpedia Article, the on-chain data provider called CryptoQuant, the spent Output Afe bands from the 7 to 10 long years have peaked. Which means, the monger-term holders who held BTC for more than 7 years have been selling their holdings massively.

The latest price sell-off and the uncertain market trends could have forced the long-term holders to liquidate their holdings. Closer to 10,000 BTC has been sold which are anticipated to flood into the market any time from now. Therefore, building a fresh wave of bearish pressure that may push the BTC price towards new lows.

   

Considering a crypto wallet, one can collect fees in cryptocurrencies which is an added advantage of starting a crypto wallet business. Taking into account these revenue streams, without any doubt, we can claim developing a crypto wallet will be a profitable business.

As per Coinpedia, the Kraken team was able to identify the user because they hda used Kraken to offload the stolen funds throughout the hack. Incompetence of the hacker leads Budorin to conclude that an insider is behind rug pull or exit scam. 

Bitcoin's lift on altcoins cannot be boiled down to a simple yes or no, also it is very hard to prove even the most elementary assumptions. Well, Coinpedia has published an article on this, heading " Can Traders Expect Altcoin Season in 2022? Here's What Metrics Say.

Bitcoin is a good indicator of the crypto market generally, as it is the largest cryptocurrency by market cap and the rest of the market tends to follow its trends including altcoins. Altcoins such as Ethereum, Cardano, Polkadot, Chainlink, and others will survive long term. If you have a high risk tolerance, are in a powerful financial position and can afford to lose any money you invest in it, then it should be considered.

The bankruptcy filing by the cryptocurrency exchange FTX has created a black hole in the crypto space as the market has lost billions of dollars because of the FTX crash. As per Coinpedia, it may mark the birth of a fresh bullish start for the crypto market by Q1 of 2023 because it sets a new goal for leading assets to bounce back to unexpected price levels.

Also, since the macro conditions of the traditional market improve, Bitcoin tends to fade its bottom levels by skyrocketing to a bullish territory. What are your opinions on this? do you feel the same?