Ether, the second-largest crypto by market cap, behaved similarly, dropping from its previous support comfortably above $1,600 to about $1,546, a 6.6% decline from Wednesday same time, that was part of a wider market downswing. The drop-off after a five-week spike began after Coinbase CEO Brian Armstrong tweeted Wednesday that his firm had heard rumors the SEC wanted to ban retail investors from engaging in crypto staking, the income-generating technique at the core of running blockchains including Ethereum.
Source: https://www.coindesk.com/markets/2023/02/10/first-mover-asia-kraken-crypto-staking-settlement-bedevils-markets-as-bitcoin-lingers-below-219k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines