Almost 70% of institutional investors in Ethereum (ETH) are participating in ETH staking, with 60.6% of them using third-party staking platforms. Ethereum Staking Landscape At A Glance According to a report by Blockworks Research, 69.2% of institutional investors holding Ethereum are engaged in staking the platform’s native ETH token. Of these, 78.8% are investment firms…
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Ethereum is flat at press time, moving inside a narrow $400 range with caps at $2,300 on the lower end and $2,800 as the upper limit. Even though investors are upbeat, expecting prices to soar in the coming sessions, uncertainty continues to engulf the market. Ethereum Finds Support At $2,300: Over 52 Million ETH Bought…
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Ethereum is outperforming Bitcoin at spot rates, holding firm above the support zone between $3,000 and $3,300. Although prices retraced yesterday, with the July 29 bar closing with a long upper wick pointing to weakness, ETH holders are upbeat, expecting gains above $4,000. Roughly 30% Of All ETH Staked, Validators Stand At Over 1 Million…
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Ethereum restaking protocol EigenLayer has initiated its token-claim process, commonly referred to as an “airdrop,” for Season 1, Phase 1 rewards. According to a recent blog post by the protocol’s development team, users who are eligible for the new EIGEN token can now acquire it through the claims process after a few weeks of anticipation.…
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ZKasino, a blockchain-based gambling project, has found itself at the center of a heated controversy after it abruptly shifted $33 million worth of investor and user funds to the staking protocol Lido. The move deviated from the project’s initial plan to return the funds to its users. In a blog post on April 20, ZKasino announced…
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Ethereum staking has a looming centralization problem – but the network’s co-founder Vitalik Buterin proposed a new way to address the issue on Tuesday. In a blog post, Buterin suggested modifying the penalty system for Ethereum validators by increasing the cost of colluded misbehavior. Penalizing Centralized Ethereum Staking Specifically, the method would impose large penalties…
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Metamask, the Ethereum Virtual Machine (EVM) wallet, has announced the launch of its validator staking services for Ethereum. The feature will allow users who want to stake their ether to do it simply from the Metamask portfolio interface, without managing hardware equipment, while maintaining custody of the cryptocurrency staked.
Metamask Introduces Validator Staking for…
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Paris-based Ethereum staking infrastructure provider Kiln has closed a $17 million funding round to expand its institutional-grade offering internationally. The funding will also support more decentralized finance (DeFi) reward models. The funding round was led by 1kx. Several prominent investors participated in the round, including Crypto.com, IOSG, Wintermute Ventures, KXVC, and LBank. Existing investors, including…
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While the Ethereum network’s migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network overload. The Promise Offered by Distributed Validator Technology Muroch said…
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Institutional investors seeking to earn rewards from digital asset token staking must be aware of the associated risks and should take steps to protect their clients, Andrew McFarlane, CTO at the Web3 infrastructure company Validation Cloud, has said. According to McFarlane, slashing, which is a penalty imposed on tokens staked on a validator who contravenes…
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