Cryptocurrency Staking | ForkLog

ForkLog 15 05.03.2024

Ethereum Staking Value Surpasses $117 Billion

Ethereum validators have locked over 31.5 million ETH in staking, according to The Block. The market value of this cryptocurrency volume exceeds $117 billion. Data: The Block. The total supply of ETH is approximately 120 million coins with a capitalization of ~$450 billion. Thus, around 26% of the asset’s issuance is engaged in securing the […]

AI translated

ForkLog 11 01.03.2024

PirateCash to Participate in Blockchain Life 2024 Forum

On April 15 and 16, the international forum Blockchain Life 2024 will take place in Dubai, bringing together over 8,000 attendees from 120 countries. Among the participants are the developers of the cryptocurrency PirateCash (PIRATE), including the project’s CEO and CTO, Dmitry Korniychuk. PirateCash is a cryptocurrency based on the Proof-of-Stake (PoS) consensus algorithm with […]

AI translated

ForkLog 10 29.02.2024

Babylon Launches Testnet for Bitcoin Staking Protocol

The team behind the Babylon protocol for staking the first cryptocurrency has launched a test network and announced an NFT giveaway for early users. AND. WE’RE. LIVE ? It’s time to join the Bitcoin Staking Revolution?? Babylon Testnet, the first ever Trustless Native Bitcoin Staking protocol, is now officially live! Get involved, stake Signet #BTC […]

AI translated

ForkLog 11 27.02.2024

Lido’s Locked Value Surpasses $30 Billion

The value of assets locked in the Lido liquid staking protocol has reached $30.56 billion, according to data from The Block. This figure has exceeded the previous peak recorded on April 5, 2022, which stood at $20.83 billion. Approximately a month later, the Terra ecosystem collapsed. Lido dominates the segment, controlling 32% of the total […]

AI translated

ForkLog 19 26.02.2024

Frax Finance Explores Uniswap-Inspired Initiative, FXS Rises by 17%

DeFi project Frax Finance is developing a reward mechanism for veFXS stakers, akin to an initiative by the Uniswap Foundation. This news led to a 17.3% surge in Frax Share (FXS). Should veFXS holders vote to distribute Frax Protocol revenue back to veFXS stakers again? Frax Finance makes 8 figures of annual revenue & growing, […]

AI translated

ForkLog 11 14.02.2024

Taurus Partners with Lido for Liquid Staking Integration

Regulated FINMA institutions will be able to offer clients liquid staking services thanks to a partnership between Swiss infrastructure startup Taurus and LSD provider Lido Finance. We’re thrilled to announce our strategic partnership with Lido Protocol, bringing custody and staking support for staked Ethereum (stETH) to Taurus-PROTECT! ?https://t.co/nLndZnvfCs@LidoFinance pic.twitter.com/Kc8bbFKlui — Taurus (@taurus_hq) February 14, 2024 […]

AI translated

ForkLog 14 13.02.2024

Franklin Templeton Seeks Approval for Spot Ethereum ETF

Asset management firm Franklin Templeton has filed an application to register a spot Ethereum ETF. Coinbase Custody Trust Company will serve as the custodian for the second-largest cryptocurrency by market capitalization, while Bank of New York Mellon will handle the cash assets. If approved, the product will be listed on the Cboe BZX Exchange. The […]

AI translated

ForkLog 19 12.02.2024

Ethereum Staking Demand Hits Four-Month High

The queue of Ethereum validators has risen to 7045, the highest level since October 6, according to the service ValidatorQueue. Source: ValidatorQueue. The figure reached a record 75,000 immediately after the activation of Shanghai in April 2023. The upgrade enabled the release of accumulated rewards and allowed changing service providers. In October, this parameter dropped […]

AI translated

ForkLog 12 08.02.2024

Ethereum Staking Reaches 25% of Supply

The total value of locked ETH has reached $72 billion. Demand for staking surged significantly after the Shapella upgrade, which enabled validators to withdraw funds. Despite high market participant activity, Ethereum lags behind many other ecosystems in terms of the proportion of locked coins. Approximately a quarter of the supply of the second-largest cryptocurrency by […]

AI translated

ForkLog 8 08.02.2024

ARK Invest Proposes Boosting Ethereum ETF Returns Through Staking

ARK Invest and 21Shares have proposed that the SEC approve the use of staking in a spot Ethereum ETF. The options market indicates increased expectations for product approval in May and growing uncertainty due to the Fed’s policies. On February 7, ARK Invest and 21Shares submitted an updated application for the launch of a spot […]

AI translated

ForkLog 17 30.01.2024

Binance Invests in Puffer Finance’s Liquid Restaking Protocol

Binance’s venture arm has invested an undisclosed amount in the Ethereum-based liquid restaking protocol Puffer Finance, which operates on EigenLayer. We’ve invested in @puffer_finance! Puffer is a decentralized and permissionless native liquid restaking protocol (nLRP) that combines Ethereum liquid staking with native restaking on EigenLayer. Read more?https://t.co/O2jjMS0sUa — Binance Labs Fund (@BinanceLabs) January 30, 2024 […]

AI translated

ForkLog 18 26.01.2024

Hong Kong Authorities Label Floki Inu’s Staking Programs as ‘Questionable’

The Hong Kong Securities and Futures Commission (SFC) warned the public about the suspicious investment products Floki Staking Program and TokenFi Staking Program. Both programs offer staking services with annual rates “from 30% to over 100%”, according to the regulator’s statement. “The SFC has not approved the offering of these products in Hong Kong. The […]

AI translated

#Cryptocurrency Staking