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Ahead of the late-Wednesday change, also known as Shapella, less than 1% of previously staked ETH is in the queue waiting to be withdrawn.

FTT jumped as much as 36%.

Paxos, a crypto financial services provider, is exiting the Canadian market. 

“Paxos has determined it will no longer support customers in Canada moving forward,” the company told Canadian customers in an email today that was obtained by The Block. “Given your Paxos account remains unfunded, your account will be disabled on May 9th 2023.”

The move is due to regulatory reasons, a source familiar with the matter told The Block.  

Last week, decentralized crypto derivatives exchange protocol dYdX said it stopped onboarding new users based in Canada.

The dYdX and Paxos developments come after the Canadian Securities Administrators published new regulations in February, warning crypto exchanges and trading platforms to comply with “enhanced investor protection commitments.”

“Paxos is focused on serving enterprise clients and their growth into the digital assets ecosystem,” a Paxos spokesperson said.  “While our platform will no longer support Canadian customers in the immediate term, we will reassess our presence in this region in partnership with our clients’ evolving needs.”

Exiting Canada is the latest blow for Paxos. Last month, the company’s dreams of a national banking charter died as its application for a national banking charter expired at the end of March.

Paxos is also facing pressure from state and federal regulators in the U.S. The Securities and Exchange Commission sent Paxos a letter in February informing the company that the regulator was investigating its joint stablecoin project with Binance, BUSD. The New York Department of Financial Services also ordered Paxos to stop issuing BUSD. Paxos says it has stopped minting the token.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

After the Shanghai and Capella updates go live, ETH stakers will finally be able to withdraw their tokens. So what does that mean?

Aptos Labs’ quest to set itself apart has taken a new turn as the company announced a grant program which will award $20 million to “support artists and creatives of all mediums” who are willing to use the company’s blockchain to realize their vision.

The Andreessen Horowitz-backed company has made a name for itself thanks to a developer-friendly programming language, which was originally created by tech giant Meta’s Novi team. But competition among blockchains and scaling solutions remains thick. Rival chains and established players like Ethereum, Solana, Polygon and Cosmos each provide strong alternatives to Aptos.

The company is pursuing various avenues aimed at increasing the number of people and projects engaging with and building on Aptos’ chain. Aptos has been doubling down on investments and partnerships to achieve the expansion of a brand which aspires to serve billions of people. Recently, the company invested in a popular Indian social media app Chingari, a rival to TikTok that will use Aptos’ blockchain. 

For the $20 million artists grant program, those who wish to apply can do so on the Aptos Foundation website. If successful, Aptos said it will provide both funding and “access to the infrastructure” needed to “make the most” of the company’s ecosystem.

Aptos said it has already given $3 million to artists and creators keen to craft web3 projects using its chain.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Subnet will offer the companies opportunity to make trade execution and settlements more efficient.

The bitcoin ‘whale’ was the 14th largest bitcoin holder until mid-March, controlling $1.2 billion in BTC, according to BitInfoCharts.

Customers can claim their SUSHI until April 23.

It stands to reason that bitcoin (BTC) could be one of the greatest ESG investments of all time. Not only has it generated outsized returns for investors (at the time of writing this, BTC is up 71% in 2023, 342% over the past three years and a whopping 44,404% over the past 10 years), it is having enormous positive impacts globally.

TA is a graphical representation of investor behavior, with certain patterns and indicators providing a clue about what’s coming next. It has an important place in the three-legged stool of fundamental, technical and quantitative analysis.