Staking


Markets

Ether Treasuries Target Yield, but Risk Looms, Says Wall Street Broker Bernstein

A $1 billion ether treasury could generate as much a $50 million in annual yield, the report said.

A person country their dollars.

Finance

Revolut Makes Crypto Staking Available in Hungary After Restricting Services

The company had to restrict the majority of its crypto services for customers in Hungary earlier in July due to new legislation in the country being enforced.

Revolut CEO Nik Storonsky (Credit: Getty Images, Kimberly White)

Tech

Ethereum Validator Exit Queue Tops $2B as Stakers Rush to Quit After 160% Rally

The exodus stretched the waiting line to over 10 days, but strong staking demand from ETH treasury firms and SEC clarity may keep sell pressure in check.

Ethereum has a backlog of validators waiting to exit the chain. (Koushik Pal/Unsplash, modified by CoinDesk)

Markets

BlackRock Seeks Staking Option for iShares Ethereum Trust in New Filing

Nasdaq submitted an amended 19b-4 filing to allow staking of ether held in the iShares Ethereum Trust ETF (ETHA).

(BlackRock)

Finance

Bitlayer's BitVM Bridge Debuts Its Mainnet, Offers Trust-Minimized Bitcoin DeFi

Central to the bridge is the YBTC token, pegged 1:1 with BTC, which enables BTC holders to engage in DeFi activities.

Bitlayer founders at Bitcoin Amsterdam.(Bitlayer)

Finance

Crypto Trading Firm Galaxy Expands Institutional Staking With Fireblocks

The integration unlocks Galaxy’s institutional staking platform for Fireblocks clients, enabling secure, capital-efficient on-chain participation at scale, according to a statement.

Mike Novogratz, Founder and CEO, Galaxy Digital (Suzanne Cordiero/Shutterstock/CoinDesk)

Policy

Senator Seeks to Waive U.S. Taxes on Small-Scale Crypto Activity in Big Budget Bill

The effort from Senator Cynthia Lummis is one of several crypto tax provisions in an amendment aimed at reducing tax burdens in core areas of the industry.

Sen. Cynthia Lummis (Jesse Hamilton/CoinDesk)

Markets

Bit Digital Exits BTC Mining to Focus Solely on ETH Staking Strategy

Crypto miner Bit Digital will sell off its bitcoin operations to deepen its ETH staking and treasury shift.

ASIC miner (Credit: Shutterstock)

Finance

Crypto Exchange Kraken Adds Bitcoin Staking Via Babylon as BTC Driven DeFi Picks Up

Kraken users will now be able to stake their bitcoin directly, locking it in a custodial vault on the native chain.

Kraken on phone (PiggyBank/ Unsplash)

News Analysis

Crypto Staking Doesn't Violate U.S. Securities Law, SEC Says

The SEC's latest staff statement addresses crypto staking, though it noted that it was not binding guidance.

CoinDesk