Ethereum Staking Hits 35M ETH: Is a Major Price Explosion on the Horizon?
Ethereum (ETH) has experienced a notable pullback after a brief period of upward momentum earlier this month. The asset, which surged past the $2,800 level in mid-June, has since declined by 8.7% over the past week, now trading at around $2,498. This retreat follows broader market consolidation, as Ethereum struggles to maintain upward pressure despite strong on-chain activity. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Ethereum Staking and Accumulation Trends While ETH’s price action has turned negative, on-chain....
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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 […]
Ethereum’s year was rich with astounding successes, but nothing can be perfect. The year 2020 has been nothing short of spectacular for Ethereum. Between Ethereum 2.0 and the quest for scalability, the decentralized finance explosion, and the successes of interoperability and money settlement — just to name a few — the richness of narratives underpinning Ethereum has arguably surpassed Bitcoin itself. Whereas Bitcoin is the reliable, stoic uncle, Ethereum can be described as the maverick cousin of the crypto world.But of course, a volatile environment hits hard both ways. Peaks of....
Ethereum staking is the backbone of the new network and users have been earning rewards by staking their ETH ahead of the merge. As time has gone on, rewards for staking have reduced, with the current rewards sitting around 4-5% for stakers. However, crypto exchange Coinbase sees this changing for the better once the merge […]
The US Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the approval of staking for Ethereum ETFs from asset manager Grayscale. This setback comes as the SEC awaits the confirmation of pro-crypto commissioner Paul Atkins, whose appointment has yet to be finalized. SEC Postpones Staking Approval On Ethereum ETFs On […]
Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit. Ethereum's native token Ether (ETH) rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido's liquidity pools.The Singapore-based hedge fund manager provided liquidity worth 36,401 ETH to Lido's "Curve stETH pool" using a third-party Ether wallet, data from Etherscan shows. As a result, it became eligible to receive at least 36,401 stacked Ether (stETH) tokens from Lido: To ensure low slippage when....