Kraken Announces New Onchain Crypto Staking Program for US Clients Two Years After SEC Crackdown

January 30, 2025 The Daily Hodl

One of the top US-based crypto exchanges is launching a revamped crypto staking program two years after the U.S. Securities and Exchange Commission (SEC) forced a similar initiative to shutter. According to Kraken, US clients in 37 states and two territories can stake 17 assets onchain starting today. Kraken clients residing in Alaska, Arizona, Arkansas, […]

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Kraken launches new onchain staking product for U.S. clients

January 30, 2025 Kraken

Clients in select U.S. states can once again stake via Kraken and contribute to the security of supported ecosystems.

The post Kraken launches new onchain staking product for U.S. clients appeared first on Kraken Blog.

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UK order clarifies crypto staking is not a collective investment scheme

January 10, 2025 Coin Telegraph

bill

The UK Treasury has amended finance laws to clarify that crypto staking isn’t a collective investment scheme, which a lawyer says is “heavily regulated.”

The UK Treasury has amended a law clarifying that crypto staking — necessary for proof-of-stake blockchains such as Ethereum and Solana — doesn’t fall under the definition of a “collective investment scheme,” which is typically heavily regulated.

A Jan. 8 order from the department amends a section of The Financial Services and Markets Act 2000 about group investments, adding that “arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme [CIS].”

It clarifies that “qualifying cryptoasset staking” means validating transactions on a blockchain, a distributed ledger technology network “or other similar technology.”

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Solana Co-Founder Sued for Allegedly Stealing ‘Millions of Dollars’ Worth of Crypto Staking Rewards: Report

December 29, 2024 The Daily Hodl

Altcoins

A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly facing a lawsuit for allegedly misappropriating the income earned from his former wife’s crypto holdings. Bloomberg reports that Elisa Rossi has filed a complaint with the San Francisco Superior Court accusing her ex-husband Stephen Akridge of stealing millions of dollars worth of staking rewards gained […]

The post Solana Co-Founder Sued for Allegedly Stealing ‘Millions of Dollars’ Worth of Crypto Staking Rewards: Report appeared first on The Daily Hodl.

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IRS Doubles Down on Immediate Staking Rewards Tax Stance

December 28, 2024 Bitcoin.com

bitcoin.com

The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the rewards generated through staking do not constitute new property and should […]

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2025 will be the year of AI agents, Web3 execs say

December 21, 2024 Coin Telegraph

agentic ai

By 2025, more than 1 million AI agents could populate Web3, with staking and trading as likely early use cases, industry execs told Cointelegraph.

Artificial intelligence agents will transform Web3 in 2025, with cryptocurrency staking and onchain trading emerging as early use cases, industry executives told Cointelegraph.

Agentic AIs — machines pursuing complex goals autonomously — are already reshaping the digital economy, building Web3 applications, launching tokens and interacting with humans autonomously.

In 2025, “AI agents are expected to take on a more prominent role within decentralized communities,” J.D. Seraphine, a Web3 AI developer at Raiinmaker, told Cointelegraph.

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Ethereum DApp volumes gain 38% in a month — Will ETH price follow?

November 19, 2024 Coin Telegraph

bnb

Everything but ETH seems to be rallying, even though Ethereum’s DApp volumes are surging. What gives?

Ether (ETH) price has struggled to maintain levels above $3,200 between Sept. 13 and Sept. 19. However, onchain metrics have improved, particularly when compared to some of Ethereum’s direct competitors. Traders are now questioning how long it will take for Ether to resume its bull run, given its dominance in fees and network deposits.

Blockchains ranked by 30-day DApps volumes, USD. Source: DappRadar

No blockchain comes close to Ethereum's $149.9 billion in onchain volumes over the past 30 days. The second-largest competitor, BNB Chain (BNB), reached only $26.6 billion, 82% smaller despite offering much lower transaction fees. More importantly, Ethereum’s activity grew by 37.7% over the past month, while BNB Chain saw a 6% decline in volume.

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Solana rally follows Bitcoin price as SOL data points to traders’ $200 target

November 5, 2024 Coin Telegraph

Bitcoin

Solana gains alongside Bitcoin’s US election-related rally, and data hints that SOL price could hit $200.

Solana’s native token SOL (SOL) opened the day with a 5.3% gain to trade slightly above $167. The move accompanied Bitcoin’s (BTC) US election day rally to $70,550, and for many traders, the desired target for SOL rests closer to $200.

Currently, onchain data and derivatives market metrics suggest that SOL’s rally could continue in the short-term.

Solana continues to lead in decentralized exchange (DEX) volumes, a clear indicator of user activity and transaction fees, both of which are crucial for fostering sustainable growth and encouraging further project and trader adoption.

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Buterin pitches solutions to Ethereum’s staking, block production issues

October 21, 2024 Coin Telegraph

51% attack

Buterin recommended capping the amount of Ether a user can stake and limiting staking penalties to 12.5% of staked Ether.

Ethereum co-creator Vitalik Buterin pitched several solutions to help Ethereum minimize block production and staking centralization through the “Scourge” phase of Ethereum’s technical roadmap.

In an Oct. 20 post, Buterin expressed concern that economies of scale within staking have resulted in small staking pools leaving for larger pools, while two entities built 88% of Ethereum blocks over the first two weeks of this month.

Buterin stressed that staking centralization poses “one of the biggest risks” to Ethereum and could lead to a higher risk of transaction censorship and “other crises.” He said:

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Ethereum price shows strength, but a 23% drop in DApps activity raises concern

October 15, 2024 Coin Telegraph

Balancer

Declining DApp activity and lackluster demand for the ETH ETFs could limit Ethereum’s recent price rally.

Ether (ETH) price surged 9.4% between Oct. 10 and Oct. 15, reaching its highest level in two weeks at $2,687. However, despite these recent gains, Ether remains down 25% over the past three months, reflecting investor disappointment with the recently launched spot Ether exchange-traded funds (ETFs) and the overall lack of demand for ETH, despite Ethereum's focus on prioritizing layer-2 scaling solutions.

In the past 7 days, the Ethereum network saw a 23% decline in onchain decentralized applications (DApp) volumes and this downturn has sparked speculation that Ether's price could follow suit.

While various factors have negatively affected Ether’s price since mid-July, it is particularly striking that the overall cryptocurrency market capitalization remained relatively flat over the same three-month period.

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