Staked Ether Hits Record, Driven by Corporate Crypto Treasury Adoption

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Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income.

A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices.

Meanwhile, publicly-traded companies continue establishing corporate cryptocurrency reserves, signaling increased institutional adoption of digital assets beyond Bitcoin (BTC).

On Thursday, Nasdaq-listed Lion Group…



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Staked Ether Hits Record, Driven by Corporate Crypto Treasury Adoption


Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income.

A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices.

Meanwhile, publicly-traded companies continue establishing corporate cryptocurrency reserves, signaling increased institutional adoption of digital assets beyond Bitcoin (BTC).

On Thursday, Nasdaq-listed Lion Group…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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