Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing

Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing
фото показано с : newsbtc.com

2023-6-3 01:00

Celsius, a popular lending platform, has made significant moves in staking Ethereum (ETH) as they stake almost $1 billion worth of the cryptocurrency. According to the Blockchain intelligence company Arkham Intel, In the past 24 hours alone, Celsius has staked over $600 million worth of ETH, with no signs of slowing down. This represents a massive on-chain flow, and the rate of deposits continues to increase.

Celsius Goes All-In On ETH

Celsiu’s address was the largest withdrawer when Lido (LDO) opened withdrawals in mid-May, withdrawing over 400,000 ETH, worth $800 million. They held this ETH in the ‘Unstaking’ wallet for two weeks, declaring their intent to stake with institutional provider Figment instead.

Around 24 hours ago, Celsius separated the ETH from the unstaking wallet into two separate deposit wallets. One wallet is marked Celsius’s ETH2 Deposit wallet, while the other wallet is labelled “Staked ETH” and deposits to Figment. Celsius’s staking wallet has seen over $400 million worth of ETH inflows over the past 24 hours, with continual deposits made every few minutes.

Figment is a staking and infrastructure provider for blockchain networks, including Ethereum. The company provides institutional-grade staking infrastructure and tools for investors and companies looking to participate in the proof-of-stake (PoS) networks.

Furthermore, the infrastructure provider offers a range of staking services, including delegated staking, which allows investors to delegate their tokens to a validator node to generate rewards without having to run their own node. The company also provides a range of developer tools, APIs, and analytics to help users better understand and manage their staking activities.

Morevoer, the wallet provided to Celsius by Figment has seen over $215 million worth of ETH. In total, Celsius has deposited over $600 million worth of ETH, with the Celsius Staking wallet still holding over $150 million worth of ETH, and around $60 million worth of ETH left in the wallet they used to unstake from Lido.

This means that Celsius still has a significant amount of ETH that they can potentially stake with another provider or use for other purposes. It also highlights the confidence that Celsius has in the staking services provided by Figment, as they have entrusted them with a large amount of their ETH holdings.

Celsius’s move to stake such a large amount of ETH is a testament to the growing trend of staking in the crypto market. With more investors looking for ways to earn passive income on their holdings, staking is becoming an increasingly popular option. As more companies like Celsius enter the market, it can be expected to see even more growth in the staking sector in the coming months and years.

Ethereum Market Poised For Major Move

On the other hand, crypto analyst Jackis has recently shared insights on the current state of the Ethereum market, stating that there is potential for things to get exciting very soon. Despite the market remaining stagnant over the past few weeks, Jackis believes that Ethereum could be gearing up for a major move.

According to Jackis, Ethereum has broken out of its downtrend and has successfully retested the breakout demand. If the cryptocurrency manages to flip the $1,887 resistance level, then there could be nothing stopping it from retesting the yearly range high at $2030.

If Ethereum manages to reach and surpass this level, it could potentially continue to climb higher, possibly even reaching new yearly highs later down the line.

At the time of writing, Ethereum, the second-largest cryptocurrency by market capitalization, is trading at $1,905, which represents a 2% surge in the last 24 hours. It is yet to be seen if Ethereum can consolidate above this key level to breach the psychological barrier of $2,000 and continue its upward trend.

Featured image from Unsplash, chart from TradingView.com 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3661.4 (+0.74%)
Объем 24H $30.988b
Изменеия 24h: 19.31 %, 7d: 24.17 %
Cегодня L: $3496.53 - H: $3679.23
Капитализация $439.831b Rank 2
Цена в час новости $ 1904.46 (92.25%)

eth celsius worth slowing staked billion intelligence

eth celsius → Результатов: 24


Celsius withdrawing nearly $800 million of Ether from Lido

Key Takeaways Bankrupt lender Celsius is trying to withdraw $779 million worth of ETH from Lido The ETH represents 7% of the total amount staked with Lido Celsius has $4.7 billion of debts with creditors, and sent the market into a tailspin last year after it got caught up in the Terra contagion Celsius also […] The post Celsius withdrawing nearly $800 million of Ether from Lido appeared first on CoinJournal.

2023-5-17 17:30


Celsius unstakes millions of dollars’ worth of ETH

The total value of the stETH tokens that Celsius is trying to withdraw is roughly $437.7 million.  The company still holds an additional 188,000 stETH tokens, worth about $342 million. Celsius filed for bankruptcy in 2022 Celsius Network, a cryptocurrency lending platform that filed for bankruptcy amid the crypto winter, is unstaking millions of dollars’ […] The post Celsius unstakes millions of dollars’ worth of ETH appeared first on CoinJournal.

2023-5-17 20:55


CryptoSlate Wrapped Daily: Ethereum could be considered a security post-Merge, Whitehouse releases crypto regulatory framework

The biggest news in the cryptoverse for Sept 16 includes the crypto community arguing that ETH could be considered a security post-merge, the Whitehouse releasing a framework for crypto regulation, United States banks pausing crypto lending plans amid challenging SEC guidelines, Celsius seeking approval to sell $23M worth of stablecoin assets.

2022-9-17 02:48


СМИ: Celsius вывела из протокола Anchor около $500 млн на фоне краха UST

Криптолендинговая платформа Celsius вывела из протокола Anchor активы приблизительно на $500 млн на фоне обвала алгоритмического стейблкоина UST. Об этом сообщает The Block. За последние пять месяцев контролируемые Celsius кошельки отправили в Anchor не менее 261 000 ETH (~$544 млн на момент написания), по данным специалистов исследовательского отдела издания и аналитической фирмы Hoptrail.

2022-5-13 16:37


How To Transfer Crypto (BTC, ETH, ADA etc.) From Binance to Celsius?

IMPORTANT WARNINGS Trying to deposit a non-supported token may result in the loss of tokens. Send a small test amount first Beware when choosing the network which you want to use for sending crypto Starting Binance Withdrawals The crypto world has evolved a lot more than just investments these days, thanks to blockchain improvements there […] The post How To Transfer Crypto (BTC, ETH, ADA etc.

2022-3-22 07:27


Алекс Машинский: «ETH превзойдет BTC по рыночной капитализации к 2023 году»

По мнению генерального директора Celsius Network, хотя биткоин остается крупнейшей криптовалютой по рыночной капитализации, его доминирование на рынке уже снижается в пользу эфира.

2021-7-7 10:30


Celsius Network внесла последние 25 000 ЕТН для запуска платформы Ethereum 2.0

Сервис криптовалютного кредитования Celsius Network внес последние 25 000 ETH на депозитный контракт Ethereum 2. 0. Об этом говорится в соообщении компании. Средства поступили из активов сообщества Celsius.

2020-11-25 15:42


Биржа Bitfinex предложит до 6.2% годовых за хранение Bitcoin, Ethereum и XRP

Криптовалютная биржа Bitfinex в партнерстве с платформой Celsius Network предоставит своим пользователям возможность получать вознаграждения от хранения биткоина (BTC), эфириума (ETH) и XRP. Согласно пресс-релизу, с 15 октября клиенты Bitfinex смогут создавать аккаунты на Celsius и управлять ими напрямую через биржу.

2020-10-1 11:44