Staking Ban Fears Before Ethereum Shanghai Upgrade; Time To Buy The Dip?

Ethereum Staking Kraken: After crypto exchange Kraken announced the closure of its staking service, the onus is now on the 1.23 million ETH staked assets belonging to users. The exchange said the unstaking would only be allowed after the upcoming Shanghai upgrade. The SEC’s crackdown on Kraken had huge repercussions in the crypto market after the settlement led to a price fall amid staking ban fears. The impact was more so in the proof of stake based cryptocurrencies, as the SEC’s resistance to crypto staking directly impacts these tokens.