The cryptocurrency market continues to fluctuate; however, staked Ether supply has hit a new all-time high, indicating increasing investor confidence in holding cryptocurrencies.
Growth of Staked Ether Supply
The staked Ether supply has surpassed 35 million ETH, accounting for over 28% of the total supply. This number suggests that many investors prefer to hold their tokens rather than sell them at current price levels.
Corporations Start Utilizing Cryptocurrency
Publicly traded companies are actively establishing cryptocurrency reserves, signaling an increase in institutional acceptance of digital assets. In particular, Lion Group Holdings announced plans to create a $600 million crypto treasury, with Hyperliquid token as its main asset.
New Security Risks in the Crypto Industry
Hackers behind the attack on Iranian exchange Nobitex released the platform's source code after stealing over $100 million in cryptocurrencies. The gang, named 'Gonjeshke Darande', stated that this was a warning for other exchanges.
These events highlight both the growing interest in staking and institutional investments, as well as new challenges and security risks in the cryptocurrency arena.
