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Shiba Inu staking impact has actually reached some pretty critical levels right now, with $58.7 million worth of SHIB tokens being locked up in various contracts. This massive Shiba Inu staking impact is creating what we’re seeing as SHIB supply shock conditions that could really drive significant Shiba Inu scarcity and boost prices for Shiba token holders. Shiba Inu Staking Impact May Trigger SHIB Supply Shock and Price Rally Source: Watcher.Guru Massive Token Lockup Reduces Circulation The Shiba Inu staking impact has actually intensified quite dramatically, with investors now staking around 4,646,357,726,944 SHIB tokens according to current data. This represents a substantial portion that stakers are removing from active trading, creating these artificial SHIB supply shock conditions. SHIB supply dashboard showing staking statistics and burn data – Source: Shibburn With about 584,601,573,064,052 SHIB tokens remaining in circulation at the time of writing, the staking mech...

The Dogwifhat price plunged 12% in a week and 5% in the last 24 hours to trade at $1.22 as of 11:28 p.m. EST on trading volume that soared 8% to $1.1 billion. Dogwifhat Price On A Sustained Downtrend The WIF price chart on the 4-hour timeframe indicates a prolonged downtrend, forming a falling wedge.  The Dogwifhat price has been consistently making lower highs and lower lows, signaling a bearish sentiment. However, a recent bounce from the lower support of this channel suggests that buyers are stepping in at key levels.  Meanwhile, the 50-day Simple Moving Average (SMA) at $1.2870 is positioned below the 200-day SMA at $1.6526, confirming a bearish alignment, as per GeckoTerminal data.  This “death cross” pattern suggests that WIF remains in a long-term downtrend unless a significant bullish reversal occurs. The Relative Strength Index (RSI) stands at 49.67, which is near the neutral 50 mark. This indicates a balance between buyers and sellers, with no...

Bifrost, a liquid staking middleware, received a 500,000 DOT treasury loan from Polkadot (DOT) on February 23, as per the information shared with Finbold.  Following a successful treasury proposal by the Bifrost Foundation in January, the one-year loan is set to accelerate the expansion of vDOT, Bifrost’s liquid-staked version of DOT.  What can Bifrost do with the DOT loan? Built on the successful model established by the protocol’s previous 50,000 KSM treasury liquidity loans from Kusama, the initiative is set to reinforce the adoption and utilization of the asset throughout the Polkadot ecosystem, spanning Substrate and EVM parachains. Picked for you Sell-off alert: Cardano chart hints toward imminent ADA price drop 36 mins ago All eyes on $125 as Solana prepares for takeoff 45 mins ago Short squeeze alert for next week: Two cryptocurrencies with pump potential 1 hour ago ‘Face-ripping rally’ coming for XRP, say experts 3 hours ago ...

Table of contents What is Staking? The Concept of Restaking EigenLayer Native Restaking Liquid Restaking How Does Liquid Restaking Function? Top Liquid Restaked Protocols 1. Kelp DAO 2. Renzo Protocol 3. Restake Finance 4. etherFi 5. Puffer Finance Limitations and Challenges of Liquid Restaking Protocols Conclusion What is Staking? Staking is a process that allows users to lock their crypto holdings, or in other words, their “stake,” to ensure the safety and operation of a blockchain ecosystem. While staking is possible only on blockchain networks such as Ethereum and Cardano built on a Proof-of-Stake (PoS) consensus mechanism, it helps to validate transactions. The Concept of Restaking Res taking is a novel concept that allows s taking the same ETH across Ethereum and other blockchain networks. It involves reusing staked or locked Ether at the consensus layer to earn fees and rewards. EigenLayer  EigenLayer is a decentralized Ethereum restaking proto...

Galaxy Digital set to manage the sale of bankrupt FTX’s crypto holdings and facilitate staking of certain tokens to generate passive yield. The company filed a motion with the District of Delaware Bankruptcy Court on Aug. 24 seeking authorization and approval of guidelines for the sale of digital assets recovered during ongoing bankruptcy proceedings. The filing outlines FTX’s requests and plans to transfer some $7 billion worth of recovered cryptocurrency tokens under the management of Galaxy Digital following the collapse of the exchange in 2022. Related: FTX​ releases restructuring plan, hints at rebooted offshore exchange FTX intends to provision for the potential sale of its crypto currency holdings and stake tokens through Galaxy Digital as set out in its preliminary statement. The filing notes a “comprehensive manage ment and monetization plan” for its crypto currency holdings that intends to reduce exposure to volatility and potential fiat repayments to creditors. FTX inten...

HashKey Capital highlighted risks such as reduced competition, increased risk of censorship, decreased security and collusion by big players. As it continues to grow, liquid staking brings considerable risks to the space and needs better decentralization, according to a report published by digital asset firm HashKey Capital.  According to the report , the overall liquid staking derivatives (LSD) market has surged to more than $22 billion in total value locked in 2023. In addition, the market capitalization of LSD projects has reached $18 billion. Overview of the liquid staking derivatives market in 2023. Source: HaskKey Capital While the growth of LSD protocols may be good for their respective communities and tokenholders, it also could be a double-edged sword. According to the report, it could harm the Ethereum ecosystem in various ways. As the table above shows, many LSD protocols rely on a small number of node operators that centralize a large number of validator nodes. Accord...

Ethereum hummed along through the latest AWS outage but one commentator said its reliance on Lido for staking could cause issues in the future. Amazon Web Services (AWS) suffered a minor outage but there was no impact on Ethereum network nodes which largely rely on Amazon’s hosting. On June 13, the cloud service provider went down temporarily for around three hours. At 12:08 PM PDT, the company first reported it was “investigating increased error rates and latencies” in parts of the United States. Many mainstream news organizations such as the Associated Press were affected and unable to publish articles. Ethereum advocate Evan Van Ness observed the outage noting that the Ethereum network was not affected. AWS is down Ethereum is humming along unaffected Bitcoin maxis hardest hit pic.twitter.com/9YGBXRC4CL — Evan Van Ness (@evan_van_ness) June 13, 2023 According to Ethernodes, 64.5% of the Ethereum network is reliant on Amazon hosting providers. Distribution of Ethereum nodes ...

A majority of the validators are withdrawing their staking rewards rather than the whole 32 staked ETH. Ethereum mainnet successfully completed the Shapella upgrade on April 12. The successful execution of the Shapella upgrade means Ethereum validators can finally withdraw their staked Ether on the Beacon chain. A total of 126,955.07 ETH were withdrawn by validators at the time of writing. Presently, 248,043 out of the 559,549 active validators, or about 44% of them, have the ability to request a partial or full withdrawal. The majority of withdrawals currently vary between 2.8- 3.2 ETH, indicating the majority of the validators are only withdrawing their staking rewards. Total staked ETH withdrawal. Source: beaconcha.in The average price of staked ETH is $3,149 and it could be another reason why validators are not withdrawing the whole amount. The ETH price is currently trading just under $2,000 with the price acting as key resistance. Staked ETH data and exchange holdings. Source:...

The upgrade is only for the Sepolia network and a subsequent upgrade for Goerli network would be introduced in March. Ethereum core developer Tim Beiko announced the Shapella (Shanghai/Capella) upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Shanghai and Capella are the names of the upcoming Ethereum hard fork. Shanghai is the name of the fork on the execution client side, and Capella is the upgrade name on the consensus layer client side. Some of the key Ethereum improvement proposals (EIP) changes on the execution layer include Warm Coinbase and Beacon chain push withdrawals. The push withdrawals will make way for validator withdrawals from the beacon chain to the EVM via a new "system-level" operation type. On the other hand, WARM Coinbase could be a game changer that could reduce network fees for some of the key network participants called builders. Coinbase here is the name of the software that build...