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It's a battle of bulls versus bears as the market gets a grip on reality, says Brent Xu, CEO of DeFi lender Umee. ALSO: CoinDesk columnist Daniel Kuhn writes that Elon Musk had the crypto world's attention again this week, but whether he helps DOGE is questionable at best.

ETH’s price slid 1.5% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is expected to occur April 12.

ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital-asset innovation and leadership away from the U.S.?

The queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.

He's done it again, so we're covering it again. Please kill me.

The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.

Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset.

Over $145 million in shorts against bitcoin prices were liquidated since early Asian morning hours on Tuesday.

HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.

Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves.