Staked Ether Hits Record, Driven by Corporate Crypto Treasury Adoption
Staked Ether supply reached an all-time high, with over 35 million ETH now locked, representing more than 28% of the total supply. This indicates increased investor confidence and a trend towards holding rather than selling. Institutional adoption of cryptocurrencies is rising, exemplified by Lion Group Holding's announcement of a $600 million crypto treasury reserve, primarily in Hyperliquid tokens. Hackers exploited the Nobitex exchange for $100 million, leaking its source code and compromising user assets. Flare Network is bridging XRP to decentralized finance (DeFi) through its FAssets system, allowing XRP holders to stake and earn passive income. Deribit and Crypto.com are integrating BlackRock’s tokenized US Treasury fund as collateral for trading, reflecting the merging of crypto with traditional finance. Most top cryptocurrencies experienced declines over the week, with The Story (IP) token dropping over 18%.
