Ether Staking Tops $85 Billion, US Banks Fight for BTC Custodial Share, and More: Hodler's Digest, February 11-17
High Stories This Week Ether staking deposits touch 85 billion dollars, 25% of circulated provide NOW locked up
FEBRUARY SO far, with THE total Rising of staked Ether (ETH) In THE Tag Chain reach 30,206,801 ETH, lockdown up almost 25% of THE total circulated provide. There are Currently 943 974 active validators on THE Tag Chain. Between Feb. 1 And 15, investors deposit 600,000 Ether In Ethereum 2.0 staking contracts. FEBRUARY Also saw THE ETH price overvoltage has annual tops above $2,800. THE volume East seen as A bullish sign For THE Ethereum network. HAS less two active managers while searching approval For A Ether exchange traded funds are Also .
Big banks are poke THE SECOND For A slice of soft Bitcoin ETFs actionMajor banks And financial establishments are push THE United States Securities And Exchange Commission , which could allow them has act as guardians has THE recently approved place Bitcoin exchange traded funds. A coalition of these establishments submitted A letter has THE SECOND on Feb. 14, while searching amendments has THE Staff Accounting Newsletter 121 issued In March 2022. They declared that he has has been two years Since THE emission of THE advice, And there to have has been "several relevant developments » during THE period, including THE approval of place Bitcoin AND F. THE current advice requires banks has socket crypto assets on their balance leaf, which makes he Dear And embarrassed their ability has provide crypto jail services has scale.
THE criminal sentencing For Binance founder And ancient CEO Chang Peng “CZ” Zhao . THE "notice of postponed audience" was deposit In A Seattle Federal Court on Feb. 12. Zhao was initially due has be sentenced on Feb. 23 After pleading guilty has money whitening charges. He East expected has confront up has 18 month In prison. that of Zhao legal team East expected has argue For No prison time Or A alternative sentence And request has combine prison time with House detention And probation. THE ancient executive East Currently out on bail on A $175 million bind And East resident In THE WE., on hold her conviction.
Galaxy s mining analysts following THE Bitcoin reduce by half, due has reduced block rewards that service only THE most effective mining platforms. By THE END of 2023, eight ASIC minor models product on 70% of Bitcoin chop rate, but THE Future reduce by half will decrease block rewards Since 6:25 a.m. BTC has 3.125 BTC, significantly impactful THE profitability of miscellaneous ASIC models. This change, combined with future power price predictions And A Bitcoin price assumption of $45,000, suggests that less effective models as Bitmain S9, Canaan A1066, And MicroBT M32 could be in stages out, while more effective models such as MicroBT M20S And Bitmain S17 can survive.
Gold AND F bleed $2.4 billion SO far In 2024 as Bitcoin AND F hit save volumesGold Tracking AND F , totaling $2.4 billion through 14 leading ETFs, according to has data Since Bloomberg analyst Eric Balchunas. In contrast, THE place Bitcoin AND F to have witnessed substantial growth, with THE ten approved funds attract AGGREGATE influx of $3.89 billion Since their creation on Jan. 11. THE the biggest withdrawals were observed In BlackRock iShares Gold Trust Microphone And iShares Gold Trust, focused towards exits of $230.4 million And $423.6 million, respectively. On THE other hand, black rock by more that 3,700% Since beginnings I BITE, growth It is assets below management Since 2,621 BTC has 100,000 BTC In A month.
FEBRUARY SO far, with THE total Rising of staked Ether (ETH) In THE Tag Chain reach 30,206,801 ETH, lockdown up almost 25% of THE total circulated provide. There are Currently 943 974 active validators on THE Tag Chain. Between Feb. 1 And 15, investors deposit 600,000 Ether In Ethereum 2.0 staking contracts. FEBRUARY Also saw THE ETH price overvoltage has annual tops above $2,800. THE volume East seen as A bullish sign For THE Ethereum network. HAS less two active managers while searching approval For A Ether exchange traded funds are Also .
Big banks are poke THE SECOND For A slice of soft Bitcoin ETFs actionMajor banks And financial establishments are push THE United States Securities And Exchange Commission , which could allow them has act as guardians has THE recently approved place Bitcoin exchange traded funds. A coalition of these establishments submitted A letter has THE SECOND on Feb. 14, while searching amendments has THE Staff Accounting Newsletter 121 issued In March 2022. They declared that he has has been two years Since THE emission of THE advice, And there to have has been "several relevant developments » during THE period, including THE approval of place Bitcoin AND F. THE current advice requires banks has socket crypto assets on their balance leaf, which makes he Dear And embarrassed their ability has provide crypto jail services has scale.
THE criminal sentencing For Binance founder And ancient CEO Chang Peng “CZ” Zhao . THE "notice of postponed audience" was deposit In A Seattle Federal Court on Feb. 12. Zhao was initially due has be sentenced on Feb. 23 After pleading guilty has money whitening charges. He East expected has confront up has 18 month In prison. that of Zhao legal team East expected has argue For No prison time Or A alternative sentence And request has combine prison time with House detention And probation. THE ancient executive East Currently out on bail on A $175 million bind And East resident In THE WE., on hold her conviction.
Galaxy s mining analysts following THE Bitcoin reduce by half, due has reduced block rewards that service only THE most effective mining platforms. By THE END of 2023, eight ASIC minor models product on 70% of Bitcoin chop rate, but THE Future reduce by half will decrease block rewards Since 6:25 a.m. BTC has 3.125 BTC, significantly impactful THE profitability of miscellaneous ASIC models. This change, combined with future power price predictions And A Bitcoin price assumption of $45,000, suggests that less effective models as Bitmain S9, Canaan A1066, And MicroBT M32 could be in stages out, while more effective models such as MicroBT M20S And Bitmain S17 can survive.
Gold AND F bleed $2.4 billion SO far In 2024 as Bitcoin AND F hit save volumesGold Tracking AND F , totaling $2.4 billion through 14 leading ETFs, according to has data Since Bloomberg analyst Eric Balchunas. In contrast, THE place Bitcoin AND F to have witnessed substantial growth, with THE ten approved funds attract AGGREGATE influx of $3.89 billion Since their creation on Jan. 11. THE the biggest withdrawals were observed In BlackRock iShares Gold Trust Microphone And iShares Gold Trust, focused towards exits of $230.4 million And $423.6 million, respectively. On THE other hand, black rock by more that 3,700% Since beginnings I BITE, growth It is assets below management Since 2,621 BTC has 100,000 BTC In A month.
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