Cryptocurrency Staking | ForkLog

ForkLog 27 02.05.2024

US Lawmakers Introduce Bill on Staking Taxation

Two US congressmen have introduced a bill to regulate the taxation of cryptocurrency staking income. The document, authored by Wiley Nickel and Drew Ferguson, is titled the “Digital Asset Tax Clarity Act.” “The US approach to digital asset rewards is overly complicated, leading to investor confusion, double taxation, and the relocation of American businesses abroad. […]

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ForkLog 10 30.04.2024

BNB Chain Launches Second Phase of Airdrop Alliance Program

The BNB Chain development team has initiated the second phase of the Airdrop Alliance program, continuing retroactive airdrops for users of BNB Smart Chain (BSC) and opBNB. The participating projects include: the liquidity protocol StakeStone; the metaverse World of Dypians; the strategic card game Cards Ahoy; the cloud Web3 platform 4Everland; the user data exchange […]

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ForkLog 16 25.04.2024

BNB Chain to Introduce Native Staking on BNB Smart Chain

The BNB Chain ecosystem has announced the addition of native liquid staking (LSDFi) to the BNB Smart Chain (BSC). The integration is scheduled from April to early May. This move is part of the preparation for the final shutdown of the BNB Beacon Chain in June 2024. Transferring all functions to BSC will optimize the […]

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ForkLog 19 22.04.2024

Expert Warns of Potential Yield Crisis at EigenLayer

Tokens used in EigenLayer’s liquid staking will need greater utility within the DeFi sector to avert a potential future yield crisis for the protocol, according to 3Jane DEX developer known as Chudnov. 1/ EigenLayer is facing a *major* yield crisis, and nobody is talking about it. @eigenlayer has >$15B in TVL but AVS’s will actually […]

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ForkLog 20 16.04.2024

Impact of Restaking on Ethereum’s On-Chain Metrics Analyzed by Experts

The introduction of restaking protocols EigenLayer and LRT has increased the share of ETH in staking to 26% of the total supply. Glassnode examined how this trend could affect Ethereum’s role as a monetary asset. Analysts recorded a rise in the total number of coins staked to 31.4 million ETH (as of April 13). Data: […]

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ForkLog 20 08.04.2024

ENA Rises 11% Amid Increased Staking Rewards

The team at Ethena Labs has increased rewards for those staking a significant volume of ENA. The token responded with an 11% rise, reaching $1.3. 15-minute ENA/USDT chart on Binance. Data: TradingView. According to the updated policy, from April 8, the minimum staking period for ENA is seven days. For users locking more than 50% […]

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ForkLog 31 04.04.2024

Lido’s Share in Ethereum Staking Drops to 29.6%

The recent influx of new Ethereum stakers has reduced Lido Finance’s share in the segment from 32% in February to 29.6%, according to data from the Dune dashboard. Share of organizations in Ethereum staking. Data: Dune. In total, Lido has 9.5 million ETH locked. Coinbase ranks second with 14%, followed by Binance with 3.7%. Meanwhile, […]

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ForkLog 18 03.04.2024

$25 Million in stSOL Trapped in Lido’s ‘Broken’ Smart Contract

Approximately $25 million in stSOL has been inadvertently locked in a Lido Finance smart contract on the Solana network, causing concern among some users about the security of their funds. the solana channel of the lido discord is a mess stSOL holders trying to unstake completely lost and abandoned, CLI tooling broken. there is over […]

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ForkLog 12 27.03.2024

AltLayer Introduces ALT Token Staking

The decentralized platform AltLayer has launched staking for its native ALT token. ? ALT staking is now LIVE, kicking off a phased launch of MACH Alpha: our fast-finality layer ? With staking, ALT holders can participate & provide economic security ? https://t.co/EKc1YpZlSIhttps://t.co/oy5acht8OW Our vision for MACH Alpha ??https://t.co/eA5HQNRK9m pic.twitter.com/Hn0CgDczy1 — AltLayer (@alt_layer) March 27, 2024 […]

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ForkLog 18 21.03.2024

Vitalik Buterin Advocates for Decentralizing Ethereum Staking

Ethereum co-founder Vitalik Buterin, during a conference in Taiwan, stated that centralization has become a primary issue for the network’s PoS mechanism, particularly concerning staking services. According to him, Lido, Coinbase, and Binance have acquired an “excessive market share.” Data: Dune. The amount of cryptocurrency locked in the leading liquid staking platform is 9.8 million […]

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ForkLog 12 19.03.2024

Fidelity Incorporates Staking in Spot Ethereum ETF Proposal

Asset management firm Fidelity Investments has made amendments to its proposal for launching an exchange-traded fund based on the spot price of Ethereum, including a provision for staking. “According to the registration statement, the sponsor may, from time to time, place a portion of the fund’s assets through one or more trusted staking providers, which […]

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ForkLog 64 06.03.2024

Grayscale Launches Staking-Based Crypto Fund

Grayscale Investments, a cryptocurrency asset management firm, has announced the launch of an investment fund where income will be generated through staking digital currencies. As we’ve built our product family, we’ve only ever incorporated passive strategies. This week, that changes.Meet Grayscale Dynamic Income Fund (GDIF), our first actively managed investment product, focused on multi-asset staking. […]

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