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CRYPTO MARKET UPDATE: BITCOIN CONTINUES ITS RALLY! ADA HOURS AWAY FROM MORE DECENTRALIZATION
$63 million worth of Bitcoin shorts were liquidated yesterday. Short sellers were hit as Bitcoin surged to over $15,500. The current open interest for long positions stands at $460 million on Bitfinex alone. According to a Nov. 6 tweet posted by IOHK, the Shelley testnet is scheduled to enter its next epoch at 21:44 UTC when public stake pools will become responsible for producing the majority of all blocks. Now that Ethereum 2.0 is finally set to go live, people face a crucial decision: whether or not to stake. It comes down to balancing the age-old calculus of risk and reward. Ethereum 2.0 holds out the promise of steady if not “moon”-like staking returns – but the network upgrade also creates illiquidity through lockups and real risks in running infrastructure.
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