2.6m eth stuck in 45-day validator exit queue. market thinks this means selling. wrong. kiln rotating 1.6m eth to liquid staking not exiting. steth ezeth weeth trading at discounts during the biggest institutional staking rotation ever. buying fear of locked supply that cant actually sell ...

RT Ignas | DeFi (@DefiIgnas)Interesting. Lido is moving one vertical integration up.Launched two yield strategies focused on stETH.• GG Vault: Auto access to top DeFi strategies with 13.7% APY• DVV via Mellow in partnership with @Obol_Collective and @ssv_network for 4.5% APYTrue blue chip vaults https://t.co/RFfouCI4mM ...

Interesting. Lido is moving one vertical integration up.Launched two yield strategies focused on stETH.• GG Vault: Auto access to top DeFi strategies with 13.7% APY• DVV via Mellow in partnership with @Obol_Collective and @ssv_network for 4.5% APYTrue blue chip vaults https://t.co/RFfouCI4mM ...

traders ignoring stETH at 0.985 discount should terrify you.. because how are you missing 1.5% arb with staking etf approval in 4 weeks and exit queues at 900k??? ...

⚡️LATEST: ETH Strategy partners with Lido to invest treasury funds in stETH, aiming to boost $ETH yields with verifiable on-chain custody. https://t.co/KPLOPuLnig ...

RT Metropolis (@MetropolisDEX)New Token Listing: $wstETHThe official stETH, available through Sonic Gateway on @SonicLabs. https://t.co/AWkNHhh0Uz ...

Ethereum staking has long been the ultimate “set and forget” crypto trade. Simply stake ETH, secure the network, and collect passive rewards!But amid the run-up for ETH prices, Crypto Twitter's attention has recently centered on the record two-plus-week wait times for staking withdrawals.But what is the withdrawal queue, how does it work, and why is everyone suddenly obsessed with this obscure aspect of Ethereum’s architecture?Let's dig in👇~~ Analysis by @JackInabinet ~~📤 What is the Withdrawal Queue?The su ...

吴说获悉，据 Lookonchain 监测，鉴于目前总共有 893,599 枚 ETH（价值 39.6 亿美元）正在排队等待赎 回，鲸鱼 0x2aC9 直接将 4,242.4 枚 stETH 兑换成 4,231 枚 ETH（价值 1,874 万美元），并将其存入 Kraken 进行出售，损失了 11.4 枚 ETH（价值 5.05 万美元）。 （来源：吴说） 来源：市场资讯 ...

A total of 893,599 $ETH($3.96B) is queued for unstaking.But whale 0x2aC9 couldn't wait — he swapped 4,242.4 $stETH for 4,231 $ETH ($18.74M) directly and deposited it to #Kraken to sell, taking a loss of 11.4 $ETH($50.5K).https://t.co/KcVLgZoDwohttps://t.co/NwYHeTLOG8 https://t.co/GGBy1OBo60 ...

Core Insights - The article highlights a significant increase in Ethereum holdings by institutional investors, with a total of 2.2 million ETH accumulated in just two months, representing 1.8% of the total supply [1][2] - This trend indicates a shift in the capital allocation of traditional companies towards crypto assets, raising concerns about supply concentration [1][2] Group 1: Institutional Accumulation - Institutional investors have significantly increased their Ethereum holdings, with major players like Bitmine Immersion Technologies and SharpLink Gaming leading the charge [1] - The current accumulation surpasses the net issuance of ETH since the Ethereum merge in September 2022, which was 454,300 ETH [1] - 29% of ETH is currently staked in the consensus layer, and 8.9% is locked in smart contracts, intensifying the competition for the remaining circulating supply [1] Group 2: On-chain Strategies - Unlike traditional Bitcoin reserves, Ethereum treasuries are actively deploying on-chain strategies, such as staking and leveraging DeFi protocols [2] - SharpLink Gaming has staked a significant portion of its holdings, while BTCS Inc. is utilizing RocketPool for yield generation [2] - The estimated annual yield for these treasuries could reach $79 million, based on a current ETH price of $4,000 and a 30% staking rate [2] Group 3: Market Impact - The influx of treasury funds has enhanced liquidity, increasing the depth of ETH lending pools on platforms like Aave by 17% [5] - Ethereum's mainnet has seen a surge in daily transaction volume, surpassing 1.9 million transactions, marking a historical peak [5] - Despite the increase in transaction volume, gas fees remain low due to Layer 2 scaling solutions [5] Group 4: Risks and Challenges - The concentration of ETH holdings by institutional treasuries poses risks to the on-chain ecosystem, as financial volatility could lead to significant sell-offs [5] - Companies utilizing equity financing to acquire ETH may expose their capital structure vulnerabilities if their market value to ETH holding ratio remains below 1 [5] Group 5: Evolving Market Dynamics - The rise of Ethereum treasuries signifies a new paradigm in capital entering the blockchain ecosystem, with these "on-chain whales" acting as both builders and potential disruptors [7] - Transparency and risk isolation are critical, as highlighted by XBIT's design of multi-signature cold wallet architecture to separate user assets from treasury risks [7] - The increasing number of ETH spot ETF applications indicates a complex interplay between traditional finance and on-chain treasuries, suggesting that the true test for decentralized finance is just beginning [7]