According to Ethereum 2.0 Launchpad, around 1.15 million Ethereum currently deposited have been Staked. It provides an estimated 14.6% annual return for stakers. The Beacon chain reports that it currently has fewer than 35,000 validators. The total supply of Ethereum is approximately 113.7 million Ethereum. This means a little more than one percent of the shares.
DeFi Market Continues to Grow
A popular cryptocurrency analyst and YouTuber, noting the rise of DeFi projects using the Ethereum network, announced airdrops that could be the largest in history in the future. Honey Badger Hunt, a DeFi ecosystem that aims to develop products that help accelerate Bitcoin in the DeFi industry, and dYdx, a decentralized derivatives exchange supported by powerful investors, including Andreessen Horowitz, are among the prominent airdrops.
Institutional Interest Registration to Ethereum
Michael Sonnenshein, Managing Director of Grayscale Investment LLC, stated that Ethereum has become the preferred investment option of the client base of many institutional Bitcoin firms. This situation accelerated after the Ethereum 2.0 transition. Interest in Ethereum is increasing day by day as well as Bitcoin's institutional investor.
Partnership With RippleNet Is Increasing Day By Day
Australian payment services provider Novatti announced its partnership with San Francisco-based blockchain company Ripple. Due to the connection, its customers will be able to gain access to RippleNet, the global financial network that covers more than 55 countries and 120 currency pairs.
German Bank Launches Crypto Fund Covering Digital Asset Portfolio
Hauck & Aufhäuser's Digital Wealth Fund stated that it will reportedly cover 85% of the total crypto asset market. The initiative, a collaboration with Berlin fintech Kapilendo, will target institutional and semi-institutional investors who want to invest in a portfolio of crypto assets, including Bitcoin (BTC), Ethereum (ETH), and Stellar (XLM), according to a report on FundView.
Venezuela Sends Payment to Turkey Bitcoin
The Venezuelan government has prepared the anti-embargo law against sanctions. This law will be used to find an alternative to the restrictions imposed. Bitcoin and crypto money will be used in foreign trade transactions. A portion of the operations carried out under the leadership of the Central Bank of Venezuela announced that with Turkey and Iran.
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