Tron (TRX) founder Justin Sun has staked $100 million worth of Ethereum (ETH), according to the blockchain analytics platform Arkham. Arkham notes that Sun’s staked ETH will yield $3 million worth of Ethereum per year in passive income. In addition to staking ETH, Sun also teased that Tron’s native asset, TRX, would soon be available […]
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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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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.
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.”
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.
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 […]
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.
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.
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.
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:
