Ethereum investors rush to pile onto $72bn staking bet despite price slump

Ethereum has passed a new milestone with over 30% of circulating token supply now staked, ValidatorQueue data shows. That means nearly one-third of all Ethereum is now illiquid, earning just under 3% yield — modest by crypto industry standards. Yet the staked Ether represents a $72 billion bet on the blockchain network’s long-term future. And investors are queueing up another $8 billion worth of tokens in the validator line, a record high. Bitmine rushed to stake another $282 million worth of tokens on ...