Ethereum's $798M in Staked and Waiting Funds, Binance Withdrawals Delayed

According to Nansen analytics, 18.5% of Ethereum network validators holding 284,286 Ethereum, worth $596 million, have not updated their withdrawal credentials following the Shapella upgrade. Validators without updated credentials will have to wait for the network to run through and update them, which could take up to 100 hours. Over 31,166 validators have signaled for a "full exit," with 1,118,291 Ethereum, but half of that demand comes from Kraken, which recently shuttered its staking service in the US. Liquid staking platforms like Lido Finance and Rocketpool have signaled that upgrading credentials for stakers won't be an issue.