There is a stark difference between the staking concentration of Ethereum and Polygon. A new report suggests that Ethereum’s staking activity remains considerably more concentrated than Polygon’s in what it considers “potentially unhealthy” for the ecosystem. Ethereum Staking Dominated by Few According to Flipside’s “YoY PoS Staking Report” shared with CryptoPotato, from September 2023 to...Read More
Over the past ten years, Ethereum has transformed the blockchain landscape. From its initial coin offering to becoming the second-largest crypto by market cap, Ethereum has continuously evolved, implementing major upgrades like the shift to Proof-of-Stake (PoS) and Layer 2 scaling solutions and cementing its position as a cornerstone of the Web3 ecosystem despite the...Read More
Ethereum 2.0 staking has seen significant growth, and a major milestone has been reached. As such, the deposit contract for staking Ethereum on the Beacon Chain reached an all-time high of 47.36 million ETH this week. Interestingly, this accounts for 33.9% of the entire Ethereum supply. ETH2 Staking Milestone According to the data shared by...Read More
Ethereum’s Shapella hard fork was a controversial upgrade that ignited fears of selling pressure. But the latest data tells a different story. In January 2024, Intotheblock’s data revealed the highest Ethereum staking rate, reaching approximately 30 million ETH staked, accompanied by a staking participation rate of over 24%. This milestone suggested a preference for staking...Read More
Metamask launched Validator Staking support on its wallets as of January 18. Users who wish to stake their tokens will need to have at least 32 ETH in their wallets to do so, which is the minimum requirement of the Ethereum network itself. Introducing Validator Staking on MetaMask Portfolio.🦊 With a 32 ETH deposit, we...Read More
Back in June of 2023, the Fantom Foundation held a vote to determine whether the network should maintain its minimum staked token requirement at 500k FTM tokens or slash it by 90% in a bid to increase the spread of the ecosystem. The change had first been proposed in February 2022 but wasn’t voted on...Read More
Vitalik Buterin, the co-founder of Ethereum, has proposed measures to reduce the load on the Ethereum blockchain and simplify its proof-of-stake (PoS) consensus. The proposal aims to decrease the number of signatures validators must make to maintain the network’s operation, ultimately reducing the overall load on the Ethereum blockchain. Ethereum Co-Founder Proposes Adjustments Ethereum’s attempt...Read More
The EthereumPoW (ETHW) announced its decision to dissolve the organization after in-depth discussions and based on a consensus among the majority, thereby fulfilling the commitments made during the initial fork. According to the official blog post, the entity said the decision aligns with its plans to transition to complete decentralization. EthereumPoW Embraces Autonomy The “unanimous”...Read More
XRP appears to be leading the altcoin rally fetching over 66% in the past day alone. This comes after Ripple Labs managed to score a victory in the SEC case crippling the financial regulator’s plan to regulate the digital asset industry. The market has reacted positively to the District Court for the Southern District of...Read More
The U.S. Securities and Exchange Commission is convinced that all crypto assets aside from Bitcoin are securities. Its latest war on crypto exchanges has included staking services, which the regulator seeks to shut down. This could push more staked ETH out of exchanges and onto the market-leading liquid staking provider Lido. This may sound good,...Read More
Ether holders are rushing to stake their tokens with network validators. This has pushed the deposit activity to the highest level since the Shapella upgrade last month. In fact, the total volume of crypto-asset staked has exceeded 20 million. The latest milestone comes a month after the much-anticipated Ethereum Shanghai upgrade that brought a record-breaking...Read More
Market-leading liquid staking platform Lido has enabled staked ETH withdrawals. The move came as Lido launched the V2 upgrade live to mainnet on May 15. The upgrade is the largest yet for the protocol, and it has two major components: “Lido V2 introduces two major components, with the most user-facing aspect being Ethereum withdrawals. This...Read More
Following a lull this week, staked Ethereum withdrawals have ramped up again. The pending withdrawal queue is being processed, and a large chunk of it is down to the Kraken crypto exchange. On April 20, Nansen researchers observed that the second wave of full withdrawals was underway. They added that Kraken had over 330,000 ETH...Read More
Ethereum successfully implemented a long-awaited tech upgrade on April 12. Also known as Shapella – this upgrade enabled withdrawals for the first time from the proof-of-stake blockchain. A week later, the amount of staked Ether has now exceeded the number of ETH being withdrawn for the very first time. According to the on-chain analytic platform...Read More
According to the Token Unlocks dashboard, just over a million ETH has been withdrawn from the Beacon Chain following the Shapella upgrade on April 12. However, the staking balance has not decreased by one million because 370,000 were deposited in the same period. Therefore, the current staking balance has declined by 640,000 ETH, according to...Read More
With the long-awaited Shapella upgrade just around the corner, crypto exchange Kraken is preparing to withdraw all staked ETH on behalf of its clients as soon as possible after the update rolls out. The event will bring Kraken’s staking as a service product to a complete close, after being forced by regulators into shuttering the...Read More
On March 28th, the Ethereum protocol support team posted an update on the mainnet Shapella launch date. They confirmed that the hard fork will occur on April 12, two weeks from today. Shapella is the new name for the Shanghai upgrade as it combines changes to the execution layer (Shanghai), the consensus layer (Capella), and...Read More
After a months-long wait since the Merge, Ethereum developers have set a target date for the network’s highly anticipated Shanghai hard fork. The upgrade will enable the network’s stakers to withdraw their locked Ether (ETH) for the first time since December 2020. Withdrawing Staked ETH During a recorded call among core developers on Thursday, devs...Read More
Bitcoin fell back to $22,000 on Thursday shortly after the Securities and Exchange Commission (SEC) laid charges against Kraken for the unregistered offering of its staking services. Kraken agreed to halt the service and pay $30 million in disgorgement, prejudgment interest, and civil penalties, without admitting to or denying any wrongdoing. According to the SEC’s...Read More
On Feb. 9, Brian Armstrong cautioned that they were hearing rumors that the SEC would like to “get rid of crypto staking in the U.S. for retail customers.” He said he hopes that is not the case as “I believe it would be a terrible path for the U.S. if that was allowed to happen.”...Read More
The Zhejiang public testnet is going live on Feb. 1 at 15.00 UTC, according to an Ethereum developer who posted the update on Jan. 31. The testnet will give users a first taste of the withdrawal process and network functionality after the Shanghai upgrade, which is slated for March. However, users won’t actually be able...Read More
21Shares announced the launch of first-of-its-kind crypto staking index ETP focused on proof-of-stake-based coins. Dubbed 21Shares Staking Basket Index ETP (STAKE), the product will essentially provide exposure to staking rewards while tracking the performance of underlying staked coins via a single ETP. World’s First Crypto Staking Index ETP According to the official press release, the...Read More
Open source and decentralized protocol ssv.network DAO has launched a $50 million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. According to a press release shared with CryptoPotato, the project secured the funds from various industry investors, including DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One SevenX, and 1kx....Read More
Ethereum now has over 500,000 validators keeping the network secure ahead of its highly anticipated Shanghai upgrade, scheduled for March. The upgrade will allow such validators to withdraw their ETH from Ethereum’s staking contract – some of which has been locked up for years. Ethereum’s Surge in Validators According to data from BeaconScan, Ethereum’s validator...Read More
Crypto’s newest narrative is liquid staking, as platforms and tokens have been taking off recently. Ethereum will go through the Shanghai upgrade in March, which releases ETH staked on the Beacon Chain. Industry analysts believe this will be good news for liquid staking protocols as they offer better incentives and yields. As opposed to direct...Read More
Ethereum finally transitioned its underlying consensus model to proof-of-stake (PoS) on September 15th at block 15537393. The historical event, however, failed to shed off the appeal of the new proof-of-work (PoW) version of Ethereum. ETHPoW (ETHW), a hard fork of Ethereum supported by a group of PoW proponents, has unveiled a list of all the...Read More
Former Twitter CEO Jack Dorsey’s latest tweet did not sit well with the Cardano creator, Charles Hoskinson, who squarely aimed at the Bitcoin proponent and said the Merge will kick off an “era” where all proof-of-stake (PoS) networks will be unfairly categorized as being similar to Ethereum. His tweet read, “Now begins the Era of...Read More
Sam Padilla – a Web3 Customer Engineer at Google – said the world’s largest search engine launched a countdown clock that shows when exactly Ethereum’s Merge will be complete. The second-biggest cryptocurrency protocol is on its way to shifting from Proof-of-Work (PoW) to Proof-of-Stake (PoS), something unseen in the industry so far. The move is...Read More
Ethereum, the world’s second-largest cryptocurrency, is all set to discard its energy-intensive proof-of-work consensus mechanism sometime next week. While ETH’s price could potentially decouple from other cryptocurrencies post Merge, staking yields is expected to catalyze institutional adoption, Chainalysis said in its latest report. On the other hand, it may be a difficult road for the...Read More
Swiss-regulated SEBA Bank on Wednesday launched Ethereum staking for institutional investors. The development comes only days before the much-anticipated Merge that will transition the second-highest valued blockchain network to Proof of Stake (PoS) from the Proof of Work (PoW) mechanism of transaction validation. Institutional Access to ETH Staking The transition is likely to take place...Read More
