[PRESS RELEASE – Miami, Florida, April 3rd, 2025]

Everstake, a leading global non-custodial staking provider for retail and institutional clients, has taken further steps to ensure its security and compliance by successfully passing the ETH B2C Staking audit conducted by ChainSecurity, a top-tier blockchain security firm specializing in smart contract audits.

The audit evaluated key security aspects, including accounting correctness, asset solvency, functional accuracy, and access control mechanisms. ChainSecurity’s assessment confirmed that Everstake’s codebase provides a satisfactory level of security and the company’s staking infrastructure meets stringent security standards within the Trust Model framework.

While public interest in crypto has surged in recent years, 40% of cryptocurrency holders still lack confidence in the technology’s security. To address this industry-wide concern, Everstake conducts regular audits to reinforce the safety of its staking infrastructure and ensure clients can receive staking rewards with confidence.

Everstake emphasizes cybersecurity as a core operational focus. Independent audits are conducted to identify and address potential vulnerabilities, contributing to the ongoing security and resilience of the staking infrastructure for all participants.

“This Everstake ETH B2C Staking audit allowed us to explore the scope in depth, namely by focusing on accounting correctness, asset solvency, functional accuracy, and access control mechanisms. Collaborating closely with the Everstake team, we worked to identify and address potential vulnerabilities, ultimately reinforcing Everstake robustness and enhancing user trust. We look forward to further collaboration and supporting the security of their ecosystem,” said Emilie Raffo, co-founder & Head of Sales at ChainSecurity.

“Successfully passing the ChainSecurity audit is a major milestone that reaffirms our commitment to transparency and user protection. At Everstake, we believe that independent audits are essential for driving the industry forward, and we remain committed to providing a safe and user-friendly staking experience for all,” said Bohdan Opryshko, co-founder and COO at Everstake.

The full report is available on ChainSecurity’s website.

About ChainSecurity

Founded in 2017, ChainSecurity is a leading smart contract auditing firm trusted by top blockchain projects worldwide. Its team specializes in securing complex code that powers critical Web3 infrastructures. Notably, they discovered the Ethereum vulnerability that postponed the Constantinople hardfork in 2019 and discovered novel vulnerabilities such as the read-only reentrancy in 2022. Founded as a spin-off from ETH Zurich—one of the world’s top computer science universities—ChainSecurity pioneered Securify in 2017, the first widely-used static analyzer for smart contracts.

About Everstake

Everstake, founded in 2018 by blockchain engineers, is a leading global non-custodial staking provider for both institutional and retail clients, on a mission to make staking accessible to everyone. Operating across 80+ networks with 735,000+ delegators, it delivers institutional-grade infrastructure with 99.9% uptime. Everstake ensures top-tier security and compliance with SOC 2, backed by an audit from ChainSecurity. Through strategic partnerships with industry leaders, Everstake strengthens the staking ecosystem and provides Whitelabel staking solutions, enabling businesses to integrate staking easily into their platforms.

Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of, or otherwise hold or manage, customer assets. Everstake does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.

Bitcoin continues to hover near the $82,000–$85,000 range as buyers struggle to regain momentum, while key on-chain data hints at interesting underlying dynamics.

Technical Analysis

By Edris Derakhshi

The Daily Chart

On the daily timeframe, BTC is attempting to defend the $80K support zone after another rejection from the $88,000 resistance and the 200-day moving average nearby, which now acts as a dynamic barrier. The price remains range-bound between $80,000 and $88,000, with no clear directional resolution yet.

The RSI has also pulled back below the midline after failing to break above 60, showing a lack of strong momentum. Buyers need to see a confirmed daily close above $88,000 to invalidate the recent lower highs and reattempt the $92,000 level. On the downside, any clean break below $80,000 may open the path toward $74,000 and even $68,000.

The 4-Hour Chart

On the 4-hour chart, BTC was recently rejected sharply from the red resistance zone around $88,000 after consolidating below it for several days. This strong rejection, followed by a swift drop back into the $82K range, indicates short-term supply remains strong.

Moreover, the RSI has cooled off from overbought levels and is now trending near 40, suggesting a loss in bullish momentum. For now, $80,000 remains the line in the sand, while the area between $86,500–$88,000 continues to cap upside attempts. A break from either side of this range is likely to trigger the next impulsive move.

On-Chain Analysis

By Edris Derakhshi

Miner Reserve (EMA 30)

The Miner Reserve continues its long-term decline, marking one of the most sustained distribution trends by miners in years. This steady sell-side pressure from miners suggests they’ve been taking profit consistently throughout the rally, with the reserve now at multi-year lows near 1.81M BTC.

While this persistent reduction hasn’t caused a structural breakdown in price, it does add a layer of supply pressure that could weigh on rallies, especially if retail demand softens. It also implies miners may be expecting lower prices or simply preparing liquidity ahead of the halving, making this a key metric to monitor in the coming weeks.

Former BitMEX CEO Arthur Hayes, for one, commented on the latest market turmoil and cautioned Bitcoin traders about potential volatility in the coming weeks.

In a post on X, Hayes stated,

“Market no likey ‘Liberation Day.’ If $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don’t get chopped up!”

Bitcoin’s Recovery Not Yet Confirmed

His comments come as Bitcoin’s price dropped toward $82,000 while gold surged past $3,150, reacting to heightened global uncertainty following US President Donald Trump’s sweeping tariff announcements.

The Trump administration imposed a 10% tariff on all countries starting April 5, with steeper rates for major economies such as China (34%), the European Union (20%), and Japan (24%). The move, announced during an April 2 speech in the Rose Garden, was accompanied by a national emergency declaration, which further rattled financial markets.

The crypto market initially reacted positively to the announcement. However, as the broader implications became clear, prices reversed sharply across the board. Bitcoin rallied to a high of $88,500 before retreating to a low of around $82,200. Meanwhile, Ethereum saw a sharper decline, as it fell from $1,934 to $1,797. During this time, the total crypto market cap dropped by over 5% to $2.7 trillion.

The price action, so far, aligns with Glassnode’s analysis which revealed that Bitcoin is starting to show signs of near-term seller exhaustion, but a renewal of sustained bullish momentum, is yet to transpire.

The blockchain intelligence form explained that after reaching its $109K peak in January, BTC continues to “digest” the correction, with growing evidence of investor losses being realized. Despite price stabilization within the $76K-$80K demand zone, on-chain momentum indicators suggest that these recoveries could be short-lived and part of a larger downtrend rather than a true market reversal.

Avoiding Extended Turbulence

Hayes’ latest remarks suggest that Bitcoin’s ability to maintain key support levels until April 15, the US tax deadline, could determine whether the crypto market stabilizes or faces extended turbulence.

Interestingly, Hayes recently predicted that Bitcoin could surpass $250,000 by year-end, while citing expanding fiat supply as the key driver. He also said that he anticipates a strong 2025 rally if the US Federal Reserve shifts to quantitative easing (QE), injecting liquidity into the economy.