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Elon Musk: Dogecoin Lawsuit Ends as Investors Withdraw Appeal

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The ongoing legal battle regarding Elon Musk’s connection with Dogecoin has come to an end, as investors have withdrawn their appeal. Indeed, the lawsuit had accused the Tesla CEO of manipulating the price of DOGE, accusing fraud and insider trading. However, that has officially come to an end, with investors in the cryptocurrency withdrawing their appeal. Additionally, Musk and Tesla have withdrawn their motion to sanction the opposition legal team over the lawsuit. The case was previously dismissed on August 29th, when investors had sought to continue taking legal action against Musk. JUST IN: Investors withdraw appeal and legal motion against Elon Musk, accusing him of rigging Dogecoin $DOGE and conducting insider trading. pic.twitter.com/gYQ7UPLWkf — Watcher.Guru (@WatcherGuru) November 15, 2024 Also Read: Elon Musk Says Dogecoin Flat Inflation is a ‘Feature’ Not a Bug Elon Musk Dogecoin Lawsuit Officially Ends After Appeal Withdrawal There is no denying the connec...

ETH staking passes withdrawals for the first time after Shapella upgrade

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Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant chunk of addresses has gone back to re-staking their ETH. Ethereum blockchain underwent a successful Shapella upgrade on April 12, making way for validators to withdraw their staked Ether (ETH) from the Beacon chain after three years. After seeing over a million ETH in withdrawals in the first week, the amount of staked ETH has now surpassed the number of ETH being withdrawn for the first time after the Shapella upgrade. Data from the on-chain analytic firm Nansen suggests that there are more ETH being staked at present than withdrawal requests. As of April 17, the ETH staking volume ETH staked 124,000 ETH exceeded the withdrawal volume of 64,800 ETH for the first time. In the last 24 hours, the amount of staked ETH was 94,968 against 27,076 in withdrawals. The first round was mostly partial withdrawals from Lido and old validators. It takes approximately three days to get into the w...