Key Takeaways: Ethereum has quietly entered a new era. Over 35 million ETH are locked away in staking contracts presently, an all-time record that makes up just over 28.3% of the entire supply. According to the latest data from IntoTheBlock, that is the highest-ever ETH staked. At today’s going rates, that stash is worth roughly […]
stETH
Ethereum: SBF-Linked Wallets Transfer $90M stETH To ETH During Depeg
Nearly 64k Staked Ethereum or stETH worth approximately $890 million was converted to Eth during the then de-pegging of stETH/ETH in May-June 2022. This was revealed by leading blockchain sleuth Peckshield via tweet. However, these were not ordinary wallets. As per the data tracker, the three wallets were linked to the now-defunct crypto exchange FTX. […]
3AC CEO’s Vague Twitter Post Has Crypto Community Worried
CEO of Three Arrows Capital or 3AC Su Zhu’s latest cryptic tweet has raised a few eyebrows with many speculating the hedge fund manager to be the next in line of fire in the crypto market carnage. In the wee hours of 14 June, the platform reportedly sold at least $40M worth of Lido’s staked […]