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 emergence of several alternatives over the years. Ethereum’s 10-Year Journey Reflecting on its origins,...
Read More »Ethereum Hitting New Records: 47.36 Million ETH Stake in the ETH2 Beacon Deposit Contract
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 the crypto analytic platform Santiment, this is a dramatic increase from two years ago when it held only 10.9% of the supply, effectively...
Read More »Ethereum Breaks Records: January 2024 Staking Data Unveils Surge to 30 Million ETH
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 over promptly selling off tokens. Ethereum locked-in staking keeps surging, while only 11% of the token...
Read More »MetaMask Launches Staking Nodes on Behalf of Users, Albeit at a Steep Price
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 run your very own validator node where you’re always in control. No pooling. No hardware. Just rewards.✔️ 🔗 https://t.co/rmCtgs86WO pic.twitter.com/R8VRttP2XX...
Read More »Vitalik Buterin Proposes Measures to Simplify PoS Design, ETH Surges
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 to achieve decentralization and involve regular users in staking by supporting...
Read More »EthereumPoW Shifts Gears: Core Team Disbands for Complete Autonomy
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” agreement to dissolve stems from a thorough examination of ETHW’s ability to function...
Read More »Ripple’s Partial Win in XRP Case Sparks Alt Rally as PoS Coins Post Impressive Gains
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 New York’s ruling. Interestingly, altcoins that have posted significant gains are mostly the ones deemed as securities by the US financial regulator. Binance...
Read More »Lido Risk to Ethereum Grows as SEC Targets Exchange Staking Services
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, but it poses significant risks to the Ethereum ecosystem. Lido Staking Risks Exposed Lido provides liquid staking services for...
Read More »Ether (ETH) Stored on Centralized Exchanges Hits 5-Year Low: Data
Ether balance on the centralized crypto exchanges has reached a five-year low. According to the latest data from Glassnode, there are currently 17.8 million ETH on exchanges – a level not seen since July 2016. This figure essentially represents less than 15% of the Ethereum network’s total token supply. To put things into perspective, the exchange balance was recorded to be around 26% during 2021’s bull market. ETH Stored on Centralized Exchanges. Source: GlassnodeSuch a...
Read More »1 Month After Shapella Staked Ether (ETH) Exceeds 20M
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 weekly inflow of Ether deposits for staking. “It has only been a month since Ethereum’s Shapella Upgrade. Since then,...
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