ArkotNews

The exchange will close all of its customers' open derivatives positions by April 21.

Washington’s “war on crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.

The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival, Tron.

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.?

Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.

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

ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data.

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.

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

The change aims to make Helium faster and cheaper to operate.