All articles tagged with #staking
Originally Published 22 days ago — by The Block
A bipartisan group of House lawmakers has introduced a new crypto tax framework that includes provisions for a stablecoin safe harbor and staking deferral, aiming to clarify tax rules for digital assets.
Originally Published 4 months ago — by Decrypt
Ethereum's price has surged past $4,600 driven by institutional accumulation, increased staking activity, and growing bullish sentiment among traders, with many now expecting ETH to reach $5,000 in the near term, potentially marking its strongest cycle yet.
Originally Published 5 months ago — by Decrypt
The Ether Machine, a new company debuting on Nasdaq with a $1.5 billion Ethereum reserve, plans to grow its holdings through staking and DeFi strategies, aiming to become the largest holder among strategic Ethereum reserves, with notable investments from industry leaders and firms.
Originally Published 7 months ago — by AMBCrypto
A long-term Solana whale unstaked $17.64 million after four years, signaling potential market frustration, but recent buying activity and technical indicators suggest SOL may recover to $165, though further whale selling could push it back to $140.
Originally Published 7 months ago — by The Block
The SEC has expressed doubts about the legality of REX Shares and Osprey Funds' proposed staking ETFs for Ethereum and Solana, citing unresolved questions about whether these funds meet the legal definition of an investment company, and has delayed their effectiveness, raising regulatory hurdles for these products.
Originally Published 7 months ago — by SEC.gov
The SEC's Division of Corporation Finance clarifies that Protocol Staking activities involving crypto assets on proof-of-stake networks do not constitute securities offerings, covering activities like self-staking, custodial staking, and ancillary services, as they are considered administrative or ministerial rather than entrepreneurial or managerial efforts.
Originally Published 1 year ago — by AMBCrypto News
Ethereum has experienced a significant price increase of 34% in November, reaching $3500 for the first time since July, driven by a record weekly netflow of +10k ETH in staking. This surge in staking, after months of outflows, indicates a shift in market dynamics, reducing ETH supply and potentially lowering inflation. Increased demand and improved staking infrastructure are contributing factors, with large holders actively purchasing ETH, further reducing supply and creating buying pressure. This trend suggests potential for further price gains if buyers maintain control.
Originally Published 1 year ago — by AMBCrypto News
Galaxy Digital’s Mike Novogratz predicts that US spot Ethereum ETFs will include staking within 12-24 months after their initial approval, despite the SEC's current opposition. Regulatory and centralization risks remain concerns, but institutional participation could mitigate some issues. Bloomberg analyst Eric Balchunas anticipates the launch of spot ETH ETFs by mid-2025 or mid-2026. Hong Kong's potential approval of spot ETH ETF staking could influence US regulatory decisions.
Originally Published 1 year ago — by CoinDesk
Ether.fi has seen nearly $1 billion in ether deposits over the past ten days, driven by anticipation of a spot ether ETF approval in the U.S. This has boosted the protocol's total value locked to an all-time high of $5.4 billion. Ether.fi's CEO believes that ETF approval will increase awareness of Ethereum and smart contracts, and that staking could eventually be incorporated into ETF products. The protocol's native token, ETHFI, has surged 41% in the past week.
Originally Published 1 year ago — by Decrypt
Experts warn that the newly approved U.S. spot Ethereum ETFs could pose significant security risks if staking is introduced, due to potential centralization and concentration of power among a few custodians. This could expose the Ethereum network to operational risks and malicious collusion, as seen with the centralization concerns around liquid staking provider Lido. The SEC's stance on staking as a securities service has led to its exclusion from ETF applications, but without guidelines to mitigate these risks, the potential for validator concentration remains a serious concern.
Originally Published 1 year ago — by Decrypt
Core Chain, a Bitcoin-powered layer-one blockchain, now allows BTC holders to stake their tokens through its consensus mechanism, Satoshi Plus, marking the "first-of-its-kind" non-custodial BTC staking. This move is part of Core's efforts to strengthen its blockchain and expand its utility. Additionally, DeFi Technologies Inc.’s subsidiary, Valour, is launching a yield bearing BTC exchange traded product (ETP) and a Core ETP to provide investors with novel ways to engage with Bitcoin and Core's staking opportunities. Valour also plans to stake $100 million in BTC through the new non-custodial BTC staking product.
Originally Published 2 years ago — by CoinDesk
Investor demand for ether staking yields has slowed, according to a research report by Coinbase. The Ethereum blockchain validator queue has emptied for the first time since the Shanghai upgrade in May, indicating leveling off of investor interest. Staking yields have dropped to 3.5% from over 5% as the validator entry reached peak capacity. Coinbase expects the staking yield to remain flat now that validator growth has slowed, as long as underlying activity and transaction fees on the Ethereum network remain consistent. The report also noted that the upcoming Dencun upgrade in the first half of 2024 is not expected to have a major impact on onchain activity.
Originally Published 2 years ago — by CoinDesk
CoinDesk Indices has launched the composite ether staking rate (CESR), which tracks the annualized yield from staking as a validator on the Ethereum Beacon Chain. The staking rate currently stands at around 3.75% and is a combination of the consensus base reward and the transaction reward. Despite Ethereum's lower advertised yield, when adjusted for supply inflation, it has the second-highest "real" staking rate among the top proof-of-stake protocols. Other protocols have higher annualized rates but suffer from substantial supply inflation, resulting in lower "real" yields. Ethereum's implementation of burn mechanics has reduced its annualized supply inflation to around 0%, making its staking yield more attractive. The growth of staking infrastructure and the emergence of liquid staking are driving innovation and simplifying the staking process.
Originally Published 2 years ago — by CoinDesk
A year after Ethereum's transition from proof-of-work to proof-of-stake, known as the Merge, the blockchain's energy consumption has fallen by 99.9%. However, Ethereum still faces challenges related to centralization, censorship, and exploitation by infrastructure intermediaries. Stake distribution raises concerns about centralization, as the largest staking provider, Lido, nears the 33% threshold that could compromise security. The practice of maximal extractable value (MEV) has become a source of centralization and censorship, with Flashbots playing a controversial role. Liquid staking tokens have gained popularity, offering an alternative to traditional staking. The net supply of ETH is decreasing, making it deflationary, but its impact on value remains uncertain.
Originally Published 2 years ago — by Decrypt
Ethereum staking has seen a surge in activity following the Shanghai upgrade, with daily deposits increasing from 460 to 8,108. Lido Finance, the dominant player in Ethereum's staking pools, continues to maintain its outsized presence despite concerns about centralization. While Lido briefly experienced a drop in size, it quickly rebounded to reach a new all-time high. However, there has been a shift in stETH's usage within DeFi protocols, with a decrease in liquidity pool footprint but an increase in collateral usage in lending protocols. Despite these changes, Ethereum's cartel, led by Lido Finance, remains intact.