tldr; BitMine has staked an additional 82,560 ETH, valued at $259 million, bringing its total staked Ether to $1.62 billion. This move has pushed Ethereum’s validator entry queue close to 1 million ETH, causing delays of about 17 days for new validators. BitMine’s chairman, Tom Lee, is advocating for a significant share increase as the company positions itself for potential Ether price surges. The staking activity reflects growing institutional interest in Ethereum’s staking yields, with over 35.5 million ETH currently staked, representing 29% of the total supply.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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How much of ETH has Vitalik left? Is he validating? Why not?
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tldr; BitMine has staked an additional 82,560 ETH, valued at $259 million, bringing its total staked Ether to $1.62 billion. This move has pushed Ethereum’s validator entry queue close to 1 million ETH, causing delays of about 17 days for new validators. BitMine’s chairman, Tom Lee, is advocating for a significant share increase as the company positions itself for potential Ether price surges. The staking activity reflects growing institutional interest in Ethereum’s staking yields, with over 35.5 million ETH currently staked, representing 29% of the total supply.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
How much of ETH has Vitalik left? Is he validating? Why not?