Ethereum whales are making enormous investments in staking platforms, with over twelve million Ether locked in. The trend is reflected in Binance's liquid Ether staking product,
WBETH, which saw a sudden $500M inflow, reaching $1.2B in Total Value Locked. As
Binance shifts its focus from BETH to WBETH, it also reduced the BETH crypto redemption wait time to 5 days and delisted BETH trading pairs. Whales seem to be shifting their focus to ETH staking and tokens within the Ethereum ecosystem. Meanwhile, OKX adjusted discount rates for BETH. DODO Initial Exchange Offer on Binance allows staking BNB, BETH, or BUSD Tokens. There are also strategies to borrow Cross-chain Bridge Tokens like BETH on Binance Loans. As The Merge approaches, Ethereum users can earn rewards and retain liquidity by staking ETH on Binance with BETH.
Gat.io committed $100m to a crypto industry support fund, while Gemini and Coinbase may seek UK headquarters due to US headwinds. Bitcoin dips below $29K amid market downturn. Blockchain voting in election overhauls is being proposed by lawmakers in Ohio, while the UK is considering launching a 'digital pound'. Nexo is reportedly closing two UK subsidiaries, while Nifty Gateway NFT founders step down & Starling Bank blocks crypto transactions. Nexo puts $40m into the UK platform Fetch.ai that evolves autonomous agents.
WBETH Coin News Analytics from Sun, 20 Mar 1977 08:00:00 GMT to Thu, 18 Jul 2024 14:01:34 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
