Friday, December 1, 2023
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Coinbase (COIN) Shares, ETH Liquid Staking Tokens Surge on BlackRock ETH ETF Application

COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded

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Liquid Staked Ether (WBETH) on Binance Sees $500M Influx After the Crypto Exchange Shuffles Assets

With 1.2 million ETH stakes, Binance is one of the largest players on Ethereum’s staking network behind Lido Finance and Coinbase, according to crypto investment firm 21Shares’ Dune dashboard. Now, WBETH represents about 765,000 of the staked assets, per data by DefiLlama. Source

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New ‘Liquid restaked token’ tests staking same ETH multiple times

Stader Labs has introduced a new Liquid Restaked Token (rsETH) on testnet that allows users to stake the same ETH on multiple networks simultaneously. The recently launched rsETH token builds on EigenLayer’s restaking protocol and is designed to boost staking rewards by leveraging liquid staking tokens like Lido’s stETH and Coinbase

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