Tag: $stETH

Crypto Market – October 17, 2022

Investors expect the FOMC to increase interest rates by 75 basis points at its meeting next month and remain cautious until the end of the year. After a relatively calm weekend, the cryptocurrency market showed no signs of stabilizing. However, within the first few hours of trade, the majority of tokens were trading at a profit. Bitcoin’s price was steady around $19,000 during the day. Bitcoin$17,262.842.61% Bitcoin (BTC) traded...

$ADA, $AVAX, $MATIC, $SOL, $stETH, $XRP, Bitcoin, COSMOS, Crypto market, Ethereum, Lido, Polygon, Tron

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5 entities own 64% of staked ETH; ETH sell-off

A study from Nansen reveals that 5 organizations possess 64% of staked Ether (ETH) ahead of Ethereum’s Merge with the Beacon Chain. Also, Nansen determined that more than 70% of staked ETH is worth less than when bought. They published a research addressing one of the main anxieties highlighted by Ethereum’s Merge: that a large number of “stakers” may sell out ether (ETH) if given the opportunity. Centralization Five...

$stETH, Cryptocurrencies, ETH2, Ethereum, Front page, Staking

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Staked Ethereum arbitrage opportunity

Lido Finance now exchanges ETH for stETH. Lido’s staking feature compensates customers for locking up ETH on the exchange. Staked Ethereum is an Ethereum coin that represents ETH staked for a long time to sustain and safeguard the Ethereum blockchain network operating on the Beacon Chain. Beacon Chain is a proof-of-stake variant of Ethereum’s blockchain. stETH operates as an IOU and might be exchanged into ETH when the Ethereum...

$stETH, Altcoins, ETH2, Ethereum, Lido, Staking

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