Ether staking withdrawal schedule removal faces harsh criticism
Twitter users called out the removal of the ETH staking timeframe and with one describing staked ETH as a “non-redeemable” investment. Days after Ethereum turns deflationary for the first time since shifting to proof-of-stake (PoS), critics have started to highlight the Ethereum Foundation’s removal of Ether $1,189 staking’s withdrawal schedule on social media. A crypto community member pointed out how Ethereum developers, leaders and influencers mentioned that ETH staking withdrawals might be opened six months after the Merge. After this, the estimated time for the unlock was moved to 6-12 months. Furthermore, the Twitter user highlighted that the schedule was revised into an estimated 2023 to 2024 before finally being removed entirely.
Another Twitter user fanned the flames, describing staked ETH as a non-redeemable crypto investment. The user highlighted that users invested based on a timeline and were given no due date. Others mirrored the sentiment by sharing retweets of the initial post that criticized the withdrawal timeframe.
On the other hand, Ethereum supporters gave their own responses to the criticisms. Anthony Sassano, the co-founder of Ethereum resource site ETHhub, came to the network’s defense by brushing off the criticisms as attempts of Bitcoin $16,509 maximalists to find other things to attack in Ethereum after being proven wrong by the Merge. Ethereum developer Antiprosynth also highlighted in a tweet that these criticisms are coming at a time when Ether's market dominance grows and Bitcoin's dominance goes down.
Meanwhile, a recent FTX exploit made the attacker the 35th largest holder of ETH. One day after the distressed FTX exchange filed for bankruptcy, wallets in the exchange were compromised, losing over $600 million in crypto assets. A large portion of the hacked tokens was converted into 228,523 ETH, which is worth around $280 million at the time of writing.
In other news, Ethereum co-founder Vitalik Buterin called out FTX for doing what he described as "compliance virtue signaling," comparing the embattled exchange to Mt. Gox and Luna, which were sketchy from the start, according to Buterin. The Ethereum co-founder highlighted that this type of fraud hurts more than the other.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 75.2% | 48 | $28 279.47 | 0.07% | 13.63% | $546 494 314 501 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 83.6% | 31 | $1 799.37 | -0.44% | 7.08% | $220 196 375 480 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $1.001852 | 0.03% | -0.30% | $77 579 753 841 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78% | 46 | $326.48 | -3.19% | 5.28% | $51 548 167 677 |  |
|
| 5 |  USDC |
USD Coin predictions | 94.4% | 2 | $0.999094 | 0.05% | -0.02% | $35 208 468 704 |  |
|
| 6 |  XRP |
XRP predictions | 86.8% | 15 | $0.442825 | 11.63% | 20.07% | $22 562 333 716 |  |
|
| 7 |  HEX |
HEX predictions | 63.6% | 81 | $0.105163 | 5.10% | 28.30% | $18 236 394 788 |  |
|
| 8 |  ADA |
Cardano predictions | 76.4% | 51 | $0.371643 | 7.97% | 10.64% | $12 903 136 163 |  |
|
| 9 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  MATIC |
Polygon predictions | 76.4% | 48 | $1.15 | -0.34% | -2.20% | $10 039 890 799 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 71.6% | 55 | $0.075145 | 1.86% | 2.48% | $9 969 588 590 |  |
|
| 12 |  SOL |
Solana predictions | 73.2% | 56 | $22.53 | -1.79% | 9.39% | $8 642 061 823 |  |
|
| 13 |  BUSD |
Binance USD predictions | 93.2% | 1 | $1.000025 | 0.01% | -0.03% | $8 119 883 434 |  |
|
| 14 |  DOT |
Polkadot predictions | 75.6% | 50 | $6.29 | 0.46% | 1.61% | $7 344 673 141 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 84.8% | 22 | $0.067252 | 3.83% | 1.45% | $6 837 900 813 |  |
