Solana-based liquidity staking derivative (LSD) coin Marinade ($MNDE) is up 160% in a continuing weekend pump as general interest in the LSD complex grows. MNDE has risen from $0.03 at the end of Friday trading to $0.08 today, for a 166% gain. Meanwhile Lybra Finance (LBR), which motored to an all time high above $0.05…
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Now-defunct crypto lender Celsius Network has caused a stir with changes in its ETH staking strategy, exacerbating the already elongated queue to activate new validators on the Ethereum network. Over a period of two days, Celsius transferred ETH into staking contracts after redeeming nearly $813 million of staked ETH from Lido Finance. The company has…
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The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses and the high APR offered on ETH staking. The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply.…
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Since the implementation of the Shanghai upgrade to the Ethereum mainnet just over one month ago, which allowed Ethereum validators to withdraw all or some of their staked Ether (ETH) tokens from the staking smart contract for the first time, demand for ETH staking has soared. According to wenmerge.com, the waiting period for an ETH…
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The ETH price could come under short-term pressure due to a downtrend in deposits, reduced DEX volume market share and futures data showing traders with a bearish bias. Since May 12, Ether’s price has been struggling to sustain its $1,800 support level, as investors face pressures from a worsening crypto regulatory environment and the Ethereum…
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Ethereum was upgraded to allow withdrawals on April 13, but Lido had not previously integrated with the new feature. The Lido liquid staking protocol has enabled Ether withdrawals for the first time, according to May 15 data from Parsec Finance. Over 260 Lido Staked Ether (stETH) was redeemed for its underlying Ether (ETH) in the first…
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In a record week for Ethereum staking, investors moved over 570,000 Ether (ETH) tokens into the blockchain’s staking smart contract last week, according to a Dune analytics dashboard. That’s over $1 billion worth of Ether tokens and marked the fastest weekly pace of ETH deposits into the staking contract ever. According to the dashboard, investors…
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Another chunk of ETH has been withdrawn due to Kraken, but deposits going onto the network have almost matched them. Ethereum staking withdrawals have entered their third “round,” but Ether (ETH) staking deposits have almost equaled them, according to the data from the analytics platform Nansen. Ethereum staking withdrawals started ramping up for the third…
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Cardano is one of the largest layer-1 blockchains by market capitalization, but what does the DeFi ecosystem offer for staking? Cardano is one of the largest layer-1 blockchain solutions by market capitalization. The project is being driven by Input-Output (a Charles Hoskinson company), Emurgo and the Cardano Foundation. The chain was named after the Italian…
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