STAKING
Golem, Raised 820,000 ETH in 2016 ICO Ironically, Now Stakes 98,016 ETH
the Golem Foundation has staked 98,016 ETH (equivalent to $183M) into Ethereum's Proof of Stake (PoS) system, as reported 12 hours ago.
Gemini Launches ETH & MATIC Staking Services in Switzerland and Turkey Amidst U.S Regulatory Crackdown on Crypto Staking
Crypto exchange Gemini has announced the expansion of its staking services to users in Switzerland and Turkey. The development comes at a time when United States-based exchanges face regulatory hurdles with the Securities and Exchange Commission (SEC) regarding similar services.
Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion
The DeFi space had a busy week with the successful completion of the Shapella upgrade on Ethereum, concerns over privacy related to staking, a major DeFi hack, and a partnership between Fonbnk and Tanda to increase financial inclusion in Africa. The top 100 DeFi tokens had a bullish week, and Glassnode predicted only a small percentage of staked ETH would be withdrawn.
Ether Surges to Over $1,900 Ahead of Staking Withdrawals
Ether breaks $1,900 for the first time in over seven months, ahead of the Ethereum Shanghai hard fork that will allow stakers to withdraw their ETH. The recent price increase may be driven by expectations of the Federal Reserve easing its quantitative tightening efforts and increased demand for Ether due to more flexible staking options.
Thailand SEC Considers Ban on Crypto Staking and Lending
Thailand's SEC is seeking public comments on a draft regulation that would ban virtual asset service providers from offering or engaging in any crypto staking or lending activities.
Slim Odds of Slashing and Best Practices to Avoid it
According to Ethereum core developer Superphiz, just 0.04% of ETH-staking validators have been eliminated.
Tim Beiko announced Shapella upgrade
Full and partial validator withdrawals alter the consensus layer.
Custodia Bank CEO Caitlin Long Slams Regulators
The Custodia Bank CEO joins other crypto leaders in criticizing Washington's "regulation by enforcement" strategy.
The amount of ETH burned will continue to increase as transaction fees are burned
Since September 2022, traders have started withdrawing ETH from exchanges.
LidoDAO is considering selling or staking its $30 million
LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.
What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority
Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.
Coinbase Executives Stand Up for Crypto Staking Services
Crypto trading Coinbase officials deny its crypto staking services are securities.
SEC Chair Gary Gensler Warns Crypto Companies
Kraken agreed to shut down its U.S. staking services and initiatives, but SEC chair Gary Gensler advised other businesses to “come in and respect the law.”
Kraken Agrees to Cease Staking Services for U.S. Clients
Kraken settled with the SEC by ending its staking program and paying $30 million in disgorgement, prejudgment interest, and civil penalties.
Lido Announces Upcoming Upgrade, Introduces New Staking Router
Staking liquid Lido V2 will allow Ethereum staking reward withdrawals and better staking infrastructure.