Coinbase to Pause Staking in California, New Jersey, South Carolina and Wisconsin

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. Crypto staked before the orders were issued will remain unaffected.

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Crypto Lender Celsius Network’ $800M ETH Staking Shake-Up Stretches Ethereum Blockchain’s Validator Queue to 44 Days

On Thursday, the firm moved a total of 291,000 ETH, worth $553 million, into staking contracts, according to a Dune Analytics chart by 21Shares. A total of 192,000 tokens were deposited into the Celsius staking pool, while 99,000 tokens were staked with Figment, Wan reported.

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Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector

The total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European hours on Monday, making it the second-largest crypto market sector, according to data source DeFi Llama. The total value locked in the DeFi lending and borrowing protocols was $13.7 billion, the third largest, while decentralized exchanges, with deposits […]

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How the SEC Could Reshape Ethereum’s Staking Landscape for the Better

“I think this is good for decentralization,” said Ben Edgington, a product manager at Ethereum research and development firm ConsenSys. On a proof-of-stake network like Ethereum, one’s stake equates to their power over the network; if one party accounts for enough of Ethereum’s stake (around 50-60%), they can theoretically slow it down or block certain […]

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