According to the source, a social media post claims VanEck has registered a Delaware entity for a Lido Staked Ethereum ETF, implying a formal SEC filing may follow soon (source: public social media post). Traders should seek primary confirmation via the Delaware Division of Corporations entity database and SEC EDGAR before positioning on the headline (source: Delaware Division of Corporations; SEC EDGAR). Under current U.S. approvals, spot ETH ETFs explicitly do not stake ETH and therefore do not distribute staking rewards, which frames the regulatory hurdle for any stETH-focused ETF (source: 2024 S-1 prospectuses for spot ETH ETFs filed with the U.S. SEC). Lido’s stETH accrues staking rewards and supports redemption to ETH through the protocol, factors that would affect NAV construction, liquidity management, and tax treatment in any prospective ETF (source: Lido Finance documentation). In prior crypto ETF rollouts, formation of Delaware statutory trusts has often preceded SEC submissions, so entity records can be an early signal but are not dispositive without EDGAR filings (source: SEC; Delaware Division of Corporations). Near term, traders can monitor ETH and stETH basis on centralized venues, the stETH/ETH Curve pool balance, LDO spot and options flow, and ETH implied volatility for signs of positioning around any confirmed filing (source: exchange order books and on-chain liquidity data providers).

According to @OnchainLens, a whale sold 163,990 LINK for $3.32M USDC at $20.24 and 1,074 stETH for $4.2M USDC at $3,917 from address 0xc6f7fc2735ef7eb0db201dd103f2f2e6cbcfe187 (@OnchainLens). According to @OnchainLens, the two fills total approximately $7.52M converted to USDC, establishing executed prints at $20.24 for LINK and $3,917 for stETH that traders can reference for recent on-chain liquidity levels (@OnchainLens).

According to @EmberCN, a whale who earned over $12M from Blast farming redeemed ETH from StakeStone and AO Protocol and transferred 4,412 ETH worth about $20.24M to Binance today. Source: @EmberCN on X, Sep 19, 2025, x.com/EmberCN/status/1968839189954429033 The same wallet had deposited 4,412 ETH into StakeStone and 8,168 stETH into AO Protocol last year when ETH traded near $3,800, and has now withdrawn all ETH and stETH, with the stETH currently redeeming to ETH. Source: @EmberCN on X, x.com/EmberCN/status/1968839189954429033 @EmberCN estimates the redeemed ETH will also be sent to Binance upon completion, implying additional exchange inflows to monitor. Source: @EmberCN on X, x.com/EmberCN/status/1968839189954429033 The ETH position shows around $10M profit versus the initial deposits, excluding staking airdrop rewards. Source: @EmberCN on X, x.com/EmberCN/status/1968839189954429033 Transfers and addresses for verification: 0x7Aba3F8b221E46a5D2F5A7ce382AF2a841c5A3FE and 0xf7394d9FA7dC72Bc1BF9Ca7F7AA1b3E80973242D. Source: Arkham Intelligence address pages, intel.arkm.com/explorer/address/0x7Aba3F8b221E46a5D2F5A7ce382AF2a841c5A3FE and intel.arkm.com/explorer/address/0xf7394d9FA7dC72Bc1BF9Ca7F7AA1b3E80973242D

According to the source, a wallet reportedly lost 6.28M in stETH and aEthWBTC after signing multiple phishing permit signatures (source: user-provided alert). This report cannot be independently verified here because no wallet address or transaction hash was supplied (source: assessment of provided information). For trading impact, if confirmed, such drains can precede on-chain liquidations; monitor the stETH-ETH spread, Curve stETH/ETH pool imbalance, and WBTC liquidity for abnormal flows that may affect ETH, stETH, and WBTC pricing (source: observable DeFi market mechanics). Risk management actions include reviewing and revoking token approvals or permit allowances on relevant protocols and tracking potential mixer or bridge outflows that could signal imminent selling (source: standard on-chain security practice).

According to @cas_abbe, Aave currently has about $4.7B in looped ETH positions while the stETH market trades only roughly $200–250M per day, signaling a liquidity mismatch if forced unwinds occur, source: @cas_abbe. He warns that large-scale liquidations could overwhelm stETH market depth, triggering a chain reaction across ETH/stETH positions and causing severe slippage, source: @cas_abbe. For trading strategy, this points to elevated liquidation cascade risk on Aave-linked ETH/stETH collateral; traders should track Aave health factors, the stETH-ETH discount, and on-chain liquidity to manage exposure, source: @cas_abbe.

According to @cas_abbe, Aave and other lending protocols assume 1 stETH equals 1 ETH for collateral purposes because users can ultimately redeem stETH for ETH after a waiting period (source: @cas_abbe on X). According to @cas_abbe, stETH often trades at a slight discount to ETH in secondary markets, creating a stETH/ETH basis that diverges from the 1:1 collateral assumption (source: @cas_abbe on X). According to @cas_abbe, this market discount is the second key reason in his analysis and is relevant for traders evaluating borrowing power and potential liquidation dynamics when using stETH as collateral (source: @cas_abbe on X).

According to Cas Abbé, the current activity is driven by a mix of unwinding risky strategies, managing risks around stETH, profit taking after the ETH rally, and preparing for future products like ETH staking ETFs, source: Cas Abbé on X, August 17, 2025.

According to @cas_abbe, a once-popular ETH DeFi looping trade has ended (source: @cas_abbe). The strategy staked ETH on Lido to receive stETH, used stETH as collateral on Aave to borrow ETH, restaked the borrowed ETH, and repeated to amplify yield, functioning as effectively free money while borrowing was cheap (source: @cas_abbe).

According to @cas_abbe, Justin Sun closed an ETH leverage loop of nearly 600M USD on Aave in July, causing ETH borrow rates to spike, the stETH to ETH price to slip by about 0.3 percent, and looping yields to collapse, signaling immediate stress for leverage-driven carry trades. source: @cas_abbe According to @cas_abbe, the move prompted many whales to exit similar positions, highlighting fragile liquidity and tighter borrowing conditions for ETH and stETH on Aave that reduce carry returns for traders. source: @cas_abbe

According to Lookonchain, 893,599 ETH (about $3.96B) is currently queued for unstaking based on ValidatorQueue data, source: Lookonchain; ValidatorQueue. Lookonchain reports that whale address 0x2aC9 swapped 4,242.4 stETH for 4,231 ETH and deposited the 4,231 ETH (about $18.74M) to Kraken to sell, source: Lookonchain; Arkham Intel. Based on those reported amounts, the trade realized an 11.4 ETH loss (about $50.5K), implying roughly a 0.27% stETH to ETH discount at execution, source: Lookonchain. The direct exchange deposit indicates immediate spot sell flow on Kraken as stated by the tracker, source: Lookonchain.

According to @rovercrc, the amount of staked ETH is surging and selling pressure appears low based on his post dated 2025-08-09, suggesting a potential supply-tightening backdrop for ETH. Source: @rovercrc on X, 2025-08-09. For trading impact, a higher staking ratio reduces immediately liquid ETH because validator exits are gated by protocol withdrawal mechanics and queues, which can tighten circulating supply during demand spikes. Source: Ethereum Foundation documentation on Ethereum staking and withdrawals. Traders should verify the claim by checking net validator deposits, active validators, and the exit queue on-chain before positioning. Source: Beaconcha.in validator and deposit contract dashboards. Cross-check ETH exchange reserves and net flows to gauge market float and potential supply squeeze risk during rallies. Source: Glassnode on-chain ETH exchange balance metrics. If on-chain data confirm rising staking and shrinking exchange balances, market regimes have historically skewed toward spot-led upside and higher basis, warranting prudent position sizing and monitoring of perp funding. Source: Glassnode research on ETH exchange balances and Deribit Insights on perpetual funding and basis.

According to @bolsaverse, the tokenomics of this cryptocurrency features a fair launch with no VC allocations or pre-mines, a Bitcoin-like fixed supply of 21 million, and a monthly emission decline of 1.425%. The current total value locked (TVL) stands at $530 million through stETH and DAI, indicating significant market participation and potential for stable growth.

According to @EmberCN, MEXC has transferred 12,652 stETH (valued at $33.75M) from its hot wallet to Bybit's cold wallet in the past hour. Bybit has reportedly received a total of 64,452 ETH ($170.73M) as loan support from Bitget, an institutional withdrawal from Binance, and MEXC. This indicates significant financial backing for Bybit, potentially impacting trading dynamics.

According to The Kobeissi Letter, Bybit's CEO has confirmed that over $1.4 billion in Ethereum and other assets have been hacked from the exchange. The stolen funds are reportedly being transferred to new addresses and sold. Arkham Intelligence has revealed that $200 million worth of stETH has already been sold, suggesting a significant impact on the market.

According to The Kobeissi Letter, Bybit's CEO announced that over $1.4 billion worth of Ethereum and other assets have been 'hacked' from the exchange. The stolen funds have started moving to new addresses, with $200 million stETH already sold, as reported by Arkham Intelligence. This incident may impact Ethereum's market liquidity and could lead to increased volatility in the short term.

According to @zachxbt, Bybit experienced a significant security breach, leading to an outflow of $1.4 billion in ETH, stETH, cmETH, and mETH. The perpetrator is actively converting stETH, cmETH, and mETH into ETH. This activity is crucial for traders as it may impact the liquidity and pricing of these tokens. Monitoring the mentioned blockchain addresses is advised for further movements.

According to @zachxbt, Bybit experienced a security breach resulting in $1.4 billion worth of ETH, stETH, cmETH, and mETH being siphoned from the platform. The hacker is actively converting stETH, cmETH, and mETH into ETH, which could impact market stability and liquidity. The transactions are being tracked to addresses 0x47666fab8bd0ac7003bce3f5c3585383f09486e2 and 0xa4b2fd68593b6f34e51cb9edb66e71c1b4ab449e, as per the information provided by @lookonchain.

According to Crypto Rover, Bybit's CEO has confirmed that the exchange was hacked, resulting in a theft of $1.4 billion in ETH and stETH from their hot wallet. This incident could lead to significant market volatility and impact the trading strategies of those holding or trading these assets. Traders should remain cautious and monitor further updates from Bybit and regulatory authorities.

According to Lookonchain, a smart whale has recently spent 10,090 stETH, equivalent to $27.5 million, to purchase 102,259 AAVE tokens within the last five hours. This strategic acquisition increases the whale's total holding to 230,192 AAVE, valued at $62.15 million. The whale has a history of successful trades, having previously earned $5.94 million betting on Trump's election victory and $8.44 million trading LINK. This transaction indicates a bullish sentiment on AAVE's future performance.

According to Lookonchain, a smart whale has spent 10,090 stETH, equivalent to $27.5 million, to purchase 102,259 AAVE tokens in the past 5 hours, increasing their total holdings to 230,192 AAVE valued at $62.15 million. This strategic investment indicates a significant confidence in AAVE's potential as a trading asset, following the whale's previous success in earning $5.94 million from betting on Trump and $8.44 million from trading LINK.