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Staked Ether Hits Record, Driven by Corporate Crypto Treasury Adoption
Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income.A growing staked Ether (ETH) supply…
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Norway’s Government Is Exploring A Crypto Mining Ban
The government of Norway is considering a temporary ban on crypto mining in the country in an effort to “free up power, network capacity and area for other purposes.”In a Friday notice, the Norwegian government said it would be conducting…
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Kraken Launches Bitcoin Staking with Babylon Protocol
Crypto exchange Kraken has launched a new Bitcoin staking product through a protocol integration with Babylon Labs.In a Thursday announcement, Kraken said it has partnered with the Bitcoin (BTC) staking protocol Babylon. The integration…
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Crypto Market Faces Short-term Bearish Sentiment After Fed Left Interest Rate Unchanged Akin to BoJ
After the Bank of Japan (BoJ) held its uncollateralized overnight call rate unchanged on Tuesday, the Federal Reserve has followed a similar path. On Wednesday, Fed Chair Jerome Powell announced that the Fed Funds Rate will remain between…
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