ArkotNews

Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.

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

In a CoinDesk interview, Colin Brady, chief creative officer at AMGI Studios, talks about how Web3 and AI will change movie-making, and why big studios fail to adopt new technologies.

Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.

The latest price moves in crypto markets in context for April 6, 2023.

The tweet spurred speculation that the notable venture capital firm could launch its own Optimism-based layer 2 blockchain. A16z crypto’s CTO tweeted: “not an L2.”

There was not a mass unlock of staked ETH, as some predicted, boding well for Ethereum and liquid staking derivatives.

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

Developers asked users to revoke contracts as a security measure early Sunday.

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.