Liquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions

April 28, 2024 Bitcoin.com

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In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, 2024, the 27 distinct […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana

April 26, 2024 Bitcoin.com

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Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets. Nubank Enhances Cryptocurrency Features: Opens […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

Standard Chartered Updates Prediction: Doubts SEC Will Approve Spot Ether ETFs in May

April 25, 2024 Bitcoin.com

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Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations

April 25, 2024 Bitcoin.com

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In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

Ethereum on track for $1B annual profit as DeFi drives Q1 revenue

April 19, 2024 Coin Telegraph

Ethereum on track for B annual profit as DeFi drives Q1 revenue

Coin Telegraph

Ethereum saw first-time profits only last year and if it can keep pace with its 2024 first-quarter results, it could see $1 billion in yearly income by the end of the year.

Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.

The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 report from The DeFi Report analyst Michael Nadeau.

Ethereum’s fee revenue — earned through users paying for transactions — hit $1.17 billion, up 155% from Q1 2023 and an 80% increase from the prior quarter.

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks

April 17, 2024 Bitcoin.com

27% of Ethereum Now Staked: Billion Committed as Interest Peaks

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Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77 billion of that sum. Staking Captures 27% of Ethereum Supply; […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

April 15, 2024 Bitcoin.com

bitcoin.com

Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $1.17 Billion Pulled From LSD Platforms In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline

April 2, 2024 Bitcoin.com

bitcoin.com

According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued at approximately $1.18 billion. $1.18 Billion Worth of […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’

April 1, 2024 Bitcoin.com

bitcoin.com

Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long […]

Stablecoin Issuer Paxos To Partner With Banking Giant DBS for New Custody Service: Report

Bitwise Files for Spot Ethereum ETF With SEC, Highlights Detailed Correlation Analysis

March 29, 2024 Bitcoin.com

bitcoin.com

Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) for a spot ethereum exchange-traded fund (ETF), a move aimed at providing investors with regulated exposure to ether without direct ownership of the cryptocurrency. Bitwise Aims for SEC Approval With Spot Ethereum ETF, Backed by Correlation Data Bitwise’s proposed ETF, conducted in […]

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