blackrock's staked ETH ETF added 195,000 ETH in its first month. 78.5% immediately staked and locked. that's ~6,000 ETH/day being pulled off the market into a product with a 2-week unstaking delay. exchange balances sitting at 15m ETH, a 10-year low. schwab opens direct spot ETH trading to 37m brokerage accounts in mid-april. the buy pressure hasn't even started and liquid supply is already at decade lows. ETH at $2,048 with 31% of total supply staked is a supply setup that reads like 2020 BTC before the tr ...

📣FIGURE | CRYPTO-BACKED LOANS & ~9% RWA YIELD https://bankless.cc/Figure --- Ryan and David break down a week where war hit markets, and the safe-haven playbook broke down. Oil spiked, gold failed, bonds sold off, the dollar caught the flight to safety, and crypto somehow bounced right through it. Then they unpack Trump’s public pressure campaign against banks over stablecoin yield, Kraken’s historic Fedwire breakthrough, and why crypto is starting to look less like an outsider and more like part of the fin ...

ETF Products & Strategy - BlackRock filed ETHB as a separate staked ETH ETF instead of adding staking to their $2.4 billion ETFA fund [1] - Product segmentation targets different allocator pools: pension funds (ETFA) and endowments (ETHB) [1] - The strategy aims to double the allocator pools by offering two products with the same underlying asset (ETH) [1] Validator & Revenue - Coinbase runs the validators for both ETFA and ETHB [1] - Coinbase earns $34.2 million from staked ETH, growing daily [1] Tokenomics - Product segmentation is the real tokenomics [1]

WuBlockchain Weekly: Qiao Wang Warns of Potential 50% Market Drawdown, Vitalik Flags Quantum & Institutional Risks, $1B ETH DAT Halted, First Bitcoin-Backed Municipal Bond Approved in U.S., BlackRock Registers Staked ETH ETF, OCC Clarifies Banks Can Hold Crypto for Network Fees, and More https://t.co/v2TI5Y01Vg ...