Ethereum Price Falls 25% But On-Chain Data and Institutional Staking Signal Q...
The Ethereum price dropped nearly 25% this quarter, slipping to lows around $3,099 before stabilizing around $3,300 amid broad market weakness and rising U.S.–China trade tensions. Related Reading: Cathie Wood Trims Her 2030 Bitcoin Price Prediction To $1.2 Million – Here’s Why Data from Lookonchain revealed that three new wallets withdrew 4,920 ETH (worth $16.25 million) from Tornado Cash, a move coinciding with a 13% weekly price drop. Analysts linked the pattern to large-scale repositioning by whales, with some addresses previously associated with HEX founder Richard Heart, who....
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Institutional staking may soon receive a significant boost as reports emerge that Grayscale is preparing to stake its substantial Ethereum holdings. This move would mark a pivotal shift for one of the world’s largest crypto asset managers, bringing billions of dollars worth of ETH into active network participation. In an X post, on-chain analyst CryptoGoos has brought to light a significant development in the institutional crypto space. Grayscale is reportedly preparing to stake its massive Ethereum holdings. Although not yet confirmed, such a move, which was flagged by on-chain data....
Data shows the staking rate of the Ethereum Proof-of-stake contract (formerly called the ETH 2.0 upgrade) has surged up recently, a sign that could be positive for the crypto’s price. Ethereum 2.0 Staking Rate Surges Up As Inflows Spike As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed […]
The venture capital firm said Lido's liquid staking solution removes many "operational complexities" institutional investors have faced in staking ETH. Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol’s first funding round since May 2021. Andreessen Horowitz’s investment in Lido is intended to further support the adoption of decentralized staking solutions for Ethereum 2.0, a spokesperson for the venture capital firm said. Ethereum 2.0 marks a significant shift in the network’s consensus algorithm by ushering....
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out. Institutional staking of crypto assets, including the post-Merge Ethereum, could become a “phenomenon” in the future, but not while their assets still need to be “locked up.”Speaking during a Q2 earnings call on Tuesday, chief financial officer Alesia Haas noted that she didn’t expect their new exclusive institutional staking service, rolled out in Q2, to be a “near-term phenomenon” until a “truly liquid staking option” is available:“This is the first time....
Chainalysis suggests ETH could decouple from other cryptocurrencies post Merge as its staking rewards could make it similar to bonds or commodities. Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption.In a Sept. 7 report, Chainalysis explained that the upcoming Ethereum upgrade would introduce institutional investors to staking yields similar to certain instruments such as bonds and commodities, while also becoming much more eco-friendly.The....