Ethereum Staking Demand Keeps Growing

Ethereum is experiencing record levels of staking following Ethereum’s transition to Proof-of-Stake (PoS) and the recent “Shapella” network upgrade. ๐Ÿš€

The last update facilitated withdrawals of staked $ETH and rewards, leading to a surge in demand for new validators. Despite initial fears of a withdrawal rush impacting the ETH price, the increasing queue of validators eager to join the network suggests that demand for Ethereum staking is holding steady.

Source: CoinMetrics – Click to enlarge.

The active validator count is at a record high of nearly 584,000.

Adding to the excitement is the growing demand for Liquid Staking Tokens (LSTs) in the DeFi space. These tokens represent staked assets, offering liquidity to the PoS model and enabling staked assets to participate in DeFi applications while contributing to network security. ๐Ÿ’ฅ

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SEC Keeps Kicking The Dead Horse That Is Binance.US

The SEC is demanding a thorough inspection of Binance.US. and their seemingly evasive behavior and reluctance to hand over crucial documents. ๐Ÿค”

Just a few months ago, the SEC threw the book at Binance.US, its global parent, Binance Holdings, and founder Changpeng โ€œCZโ€ Zhao. Now, the SEC is doubling down, emphasizing the “urgent need” for a deep dive into Binance’s dealings, especially their questionable use of the custody platform Ceffu (once known as Binance Custody).

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SBF And Shkreli: A ChatGPT Story โ€“ Part Two

Here’s where we left off: Crypto kingpin Sam Bankman-Fried is cooling his heels in a NYC prison, while Pharma Bro Martin Shkreli roams free. Shkreli, ever the opportunist, smuggles a high-end laptop to Sam, kicking off a risky alliance that could save or doom them both.

And now to part two.

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The Dad: Bankman And All The Bad Things He Did

Bankman’s Background and Credentials

Yale Law School graduate (1980).
Licensed attorney and psychologist.
35-year tenure as a Stanford Law School professor.
Leading scholar in U.S. tax policy with multiple testimonies before Congress.
Authored numerous scholarly works on federal income taxation.

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