Ethereum: These two entities account for 78% of principal ETH withdrawals $ETH
Meanwhile, the total ETH locked hit a new all-time high since the Shapella upgrades on April 24 at 18,879,775 ETH locked. The total ETH locked in this context refers to all ETH that"is out of circulation," which includes ETH staked on the Beacon chain, ETH deposited to the Beacon contract but not validated yet and rewards on the Beacon contract.
In similar news, Binance recently announced it was rebranding ETH 2.0 Staking to ETH Staking and introducing Wrapped Beacon ETH on the ETH Staking service, effective April 27. WBETH is a new liquid staking token, where 1 WBETH represents 1 BETH and the total staking rewards accrued by the BETH token on ETH Staking. , digital asset investment products saw outflows totaling $30 million last week, ending a six-week run of inflows.
Ethereum, on the other hand, saw inflows totaling $17 million last week, suggesting there is increasing confidence among investors following the implementation of the Shapella upgrade.
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