Ethereum’s Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether: Observers

Per K33, San Francisco-based cryptocurrency exchange Kraken, which recently came under the regulatory hammer for failing to register the offer and sale of their crypto-asset staking-as-a-service program, is likely to unstake all ETH staked by stateside investors. At press time, the number of ETH staked through Kraken was 1.2 million.