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Crypto
Vast Ethereum short faces liquidation risk despite Vitalik Buterin pledge to cut sales
An Ethereum short position worth more than $100 million is at risk of liquidation as the token rebounds, with the liquidation price near $2,150. Data showed the wallet held about 47,600 ETH in a roughly 23-times cross-margin short. The move comes as Ethereum co-founder Vitalik Buterin said the Ethereum Foundation would reduce its ether sales. Institutional sentiment has weakened, with ETF outflows and some large holders cutting exposure.
Crypto
Ethereum weak despite record staking share; warning of 10 percent drop versus bitcoin
Ethereum is showing signs of further short-term weakness against bitcoin despite reaching a record staking share. The ETH/BTC ratio has entered a zone where it could fall about 10 percent to around 0.026 BTC by May, according to Cointelegraph. On-chain data show staking hit an all-time high of 32.33 percent, with 39 million ETH staked across about 816,578 validators, worth about $90.26 billion.
Crypto
Charles Schwab and Citadel Securities eye entry into prediction markets
Global financial companies Charles Schwab and Citadel Securities have publicly raised the possibility of entering the fast-growing prediction markets, while drawing a line at sports-related products. Charles Schwab CEO Rick Wurster said the firm is likely to offer prediction markets in the long term but will not pursue areas such as sports, politics and pop culture. Citadel Securities President Jim Esposito said liquidity remains insufficient but the market may expand, while ruling out sports.
