There are ~1.6k stETH (issued by @LidoFinance) millionaires.For perspective, there are ~561.9k stETH holders in total.Unique addresses w/ a stETH balance > $1M 👇 https://t.co/xCmmeXcrsP ...

aave locks 4.2 million eth as collateral. all eth etfs combined hold 3.1 million. defi protocols control 35% more eth supply than tradfi etfs yet traders price eth based on grayscale outflows. $14.7b in eth/steth frozen in aave lending pools at 82% market dominance. supply shock building in plain sight. ...

RT Lido (@LidoFinance)VanEck has filed an S-1 for the VanEck Lido Staked ETH ETF, a proposed fund holding stETH — ETH staked via the Lido protocol.A milestone moment for liquid staking and recognition of stETH’s role in Ethereum’s institutional evolution.@vaneck_ushttps://t.co/9P8OsS1Vtm https://t.co/ofQFo2DRoi ...

Core Viewpoint - VanEck has filed for a Lido Staked Ethereum ETF, marking the first attempt to offer this type of product in the market [1][2]. Group 1: ETF Filing Details - The S-1 registration application for the Lido Staked Ethereum ETF was submitted to the US SEC on October 16, with the fund designed to track the prices of staked ETH based on MarketVector's LDO Staked Ethereum Benchmark Rate index [2][3]. - Investors in the ETF will gain regulated exposure to Ethereum and staking rewards from the Lido liquid staking protocol [3]. Group 2: Market Context and Performance - As of now, there are 8.49 million ETH staked on Lido, valued at over $33.37 billion, representing 59.88% of the total market [5]. - Following the announcement of the ETF filing, the price of stETH has decreased by 5.73% in the last 24 hours, currently trading at $3,775.13, despite a 17.24% increase in trading volume to $84.46 million [7]. Group 3: Regulatory Environment - The SEC's updated Generic Listing Standards will allow for a reduced approval timeline for crypto ETFs, decreasing from 240 days to 75 days, which benefits VanEck's filing [6].

Development Activity Ranking - The report identifies top cryptocurrencies associated with the Ethereum-based ecosystem, ranked by development activity [1] - Metamask ($mUSD) holds the top position in development activity [1] - Chainlink ($LINK) ranks second in development activity [1] - Ethereum ($ETH) ranks third in development activity [1] - Starknet ($STRK) ranks fourth in development activity [1] - Eigenlayer ($EIGEN) ranks fifth in development activity [1] - Audius ($AUDIO) ranks sixth in development activity [1] - ethstatus ($SNT) ranks seventh in development activity [1] - Decentraland ($MANA) ranks eighth in development activity [1] - Lido Finance ($LDO and $stETH) are tied for ninth place in development activity [1]

Security Alert - A wallet lost $6.28 million in stETH and aEthWBTC after signing multiple phishing permit signatures [1] Potential Risks - Phishing permit signatures pose a significant security risk to cryptocurrency wallets [1]

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 ...

DeFi Strategies & Yield - Lido is vertically integrating by launching yield strategies focused on stETH [1] - GG Vault offers auto access to top DeFi strategies with 13.7% APY (Annual Percentage Yield) [2] - DVV via Mellow, in partnership with @Obol_Collective and @ssv_network, provides 4.5% APY [2] Blue Chip Vaults - True blue chip vaults are available [2]

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 ...

Market Opportunity - Traders ignoring stETH at a 1.5% arbitrage opportunity should be concerning [1] - Staking ETF approval in 4 weeks presents a potential catalyst [1] Risk Assessment - Exit queues at 900 thousand indicate potential liquidity concerns [1]