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Crypto exchange Coinbase is pausing its retail staking service in California, New Jersey, South Carolina and Wisconsin after those states said they would require changes to those services while its proceedings against such staking services move forward. Source
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U.S. Judge Katherine Polk Faila questioned both sides on a range of topics in a Manhattan courthouse on Thursday. Original Source
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“While the Ethereum staking ecosystem is already mature and features multiple protocols and services, it's somewhat centralized today as the top three entities have more than 50% ETH staked on them while the predominant liquid staking protocol has roughly 90% market share,” said Amitej Gajjala, CEO at Stader Labs, told
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Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius. According to a court document filed by Celsius, the company placed 40 million Polygon (MATIC), 66,000 Polkadot (DOT), 25,000 staked native Ether
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According to court filings, Celsius entrusted StakeHound with 25,000 staked native ETH, 35,000 native ETH, 40 million MATIC, and 66,000 DOT in 2021. Celsius exchanged the tokens, which were valued at over $150 million, for StakeHound's liquid staking "stTokens," according to the filings. Source
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Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data. Source
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Software development company Alluvial has raised $12 million in a Series A funding round to further development of Liquid Collective, a liquid staking protocol. Ethereal Ventures and Variant co-led the fund with participation from Brevan Howard Digital, Avon Ventures, Nascent Capital, a_capital, Robot Ventures, Fenbushi, IOSG and Blockdaemon, among others. Original
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The Canadian Securities Administrators (CSA) — Canada’s chief financial authority — has confirmed its trust in the regulated futures market for crypto, which “promotes greater price discovery.” Apart from the United States, the Canadian market hosts several crypto exchange-traded funds (ETFs). On July 6, the CSA issued guidance to help fund
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Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ethereum (ETH) due to multisignature (multisig) wallets being “complicated in a bunch of ways.”On the 29 June episode of the Bankless Podcast, titled Restaking Alignment, Buterin revealed the “biggest reason” why he is only staking a small
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Liquid Staking Frenzy Spreads to Solana as Drift's 'Super Stake' Offers One-Click Leverage Source
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