Ethereum
An increase in ether staking ETFs could affect Ethereum’s validator mix, and potentially increase the network’s concentration risk, say analysts from S&P Global.
DeFi
The inflows into Ethena’s “synthetic dollar” partly stem from people’s appetite for yield, with investors who decide to stake their USDe after minting the token receiving a whopping annual percentage yield of 27.64%.
Business
Kwon is facing fraud charges related to the collapse of the UST stablecoin.
The upcoming unlock of 9.54 million tokens comes as Avalanche’s native cryptocurrency slid nearly 11.5% in the past seven days, making it among the worst-performing of the top ten cryptocurrencies by market cap for that period.
Ether’s trip to $3,000 may have been short-lived, but on-chain data and the state of the wider ecosystem suggests that there’s reason to be optimistic about the digital asset.
Circle will cease minting of USDC on TRON effective immediately, and will discontinue support in a phased manner, as part of an effort to ensure USDC “remains trusted, transparent, and safe.”
Over 10.3 million OP tokens, valued at around $42 million, are set to be distributed.
Bitcoin
VanEck Bitcoin Trust’s volume Tuesday was about 14.5 times its daily average, while WisdomTree Bitcoin Fund’s volume was more than 10 times its daily average.
Starknet’s fully-diluted valuation has already surpassed those of long-standing blockchain networks such as Arbitrum, Optimism and Avalanche, all of which have more locked value in their smart contracts than the zero-knowledge rollup.
Bitcoin investment products were responsible for 99% of all crypto inflows last week, with total assets under management hitting $67 billion – the highest level since December 2021.
