crypto

Sage D. Young1/14/26

A record 36 million ethereum tokens are now dedicated to staking

The number of ethereum tokens dedicated to staking, the duty to defend the blockchain, has ascended to a high-water mark.

Stakers, who provide security to the network, akin to soldiers in an army according to cofounder Vitalik Buterin, have devoted roughly 36 million tokens — 30% of ethereum’s total supply — to staking, per on-chain data from blockchain explorer beaconcha.in. At current prices, those tokens are worth $119.3 billion.

The new record comes as institutional players grow their share in the staking scene. Ether.fi, a restaking protocol known for its crypto-powered credit card, has added 276,288 tokens in the past month toward security, while leading ethereum treasury firm BitMine Immersion Technologies increased its total staked ETH from 659,219 to 1,256,083 tokens last week, a 90% climb.

Meanwhile, the entry queue stands at 2,348,580 ethereum tokens, making the current wait time to begin staking 40 days and 19 hours.

Ether.fi CEO and cofounder Mike Silagadze told Sherwood News the increase in its staked ethereum comes from institutional deposits, specifically from large family offices and SharpLink Gaming, the second-largest ethereum treasury firm.

The native token for ethereum has seen over $38.5 billion in trading volume in the past 24 hours, with its price jumping more than 6% in that period.

Ethereum staking hits all-time high with almost 30% of ETH supply locked

Ethereum staking hits all-time high with almost 30% of ETH supply locked

The new record comes as institutional players grow their share in the staking scene. Ether.fi, a restaking protocol known for its crypto-powered credit card, has added 276,288 tokens in the past month toward security, while leading ethereum treasury firm BitMine Immersion Technologies increased its total staked ETH from 659,219 to 1,256,083 tokens last week, a 90% climb.

Meanwhile, the entry queue stands at 2,348,580 ethereum tokens, making the current wait time to begin staking 40 days and 19 hours.

Ether.fi CEO and cofounder Mike Silagadze told Sherwood News the increase in its staked ethereum comes from institutional deposits, specifically from large family offices and SharpLink Gaming, the second-largest ethereum treasury firm.

The native token for ethereum has seen over $38.5 billion in trading volume in the past 24 hours, with its price jumping more than 6% in that period.

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crypto

Sage D. Young4h

Sui blockchain halts transactions for second day in a row

The sui blockchain is stalled again on early Friday, with the last transaction occurring more than two hours ago, data from blockchain explorer Suiscan shows.

“The Sui Core team is actively investigating. Updates and incident review will be shared as soon as they are available,” the team wrote on X.

The ongoing pause comes immediately after experiencing a halt the day before “due to a crash bug in the gas charging logic introduced by the 1.72 release,” the team said on Thursday.

SUI, the network’s native cryptocurrency, has dropped around 20% in the past seven days, according to CoinGecko.

crypto

Sage D. Young5h

SoFi continues to surge following launch of its stablecoin to 15 million customers

SoFi Technologies announced Wednesday that its 15 million members can now use its stablecoin, SoFiUSD, marking the first time a US national bank-issued stablecoin is available on a banking app, but the markets seem to have really taken notice Friday, sending shares up over 7% in early trading.

Options data as of 9:42 a.m. ET also shows a bullish tilt from traders, with a put/call ratio around 0.16 vs a 20-day average of 0.39.

SoFi’s move is the first step to integrate SoFiUSD into the firm’s broader ecosystem, with plans to allow members to convert the stablecoin into tokenized deposits and roll out SoFiUSD on centralized exchange Bullish.

The stablecoin is currently on ethereum and solana, but the firm aims to add more blockchains to the list.

“We believe we can combine the speed and versatility of the blockchain with the trust of a bank to improve how money moves around the world,” SoFi CEO Anthony Noto said in a statement. “People no longer have to choose between blockchain technology and regulated banking products.”

Since President Trump signed stablecoin legislation GENIUS Act in July last year, the market capitalization of stablecoins has increased nearly 24% to $320.8 billion, data from DefiLlama shows.

crypto

Sage D. Young5/28/26

Ethereum drops to a 2-month low under $2,000

Ethereum has dropped 4% in the last 24 hours to trade as low as $1,967 on Thursday morning, a mark not seen since March.

Selling pressure is weighing on the token as “traders are actively opening short positions,” CryptoQuant Head of Research Julio Moreno told Sherwood News. “US spot demand for ETH has weakened, as seen by an extremely negative Coinbase price premium approaching levels not seen since February.”

The price action has spurred $237.2 million in liquidations, with the majority of them, $225.1 million, coming from long positions, data from CoinGlass shows. Elsewhere, ethereum ETFs have notched their longest outflow streak this year at 12 days, with Wednesday recording almost $67.2 million in outflows, per SoSoValue.

“ETH’s break below the psychologically important $2,000 level reflects a deterioration in near-term crypto risk sentiment rather than a collapse in Ethereum fundamentals,” according to Coinbridge cofounder and CIO Kelly Ye.

Ye said the drop under $2,000 was amplified by rising volatility and geopolitical tensions amid renewed US-Iran escalation and broader de-risking across high-beta assets.

Sentiment surrounding the cryptocurrency has also softened after David Hoffman, a known ethereum advocate, publicly disclosed offloading his entire ETH position and questioned whether the network’s growth translates to meaningful value accrual to ethereum as an asset, Ye pointed out.

“Still, ETH has continued to hold a broader pattern of higher lows since the April 2025 tariff-driven selloff near $1,500, with the February 2026 low around $1,800 now emerging as the next key level to watch,” Ye told Sherwood News.

“Importantly, on-chain activity has not shown significant deterioration, and Ethereum TVL [total value locked] measured in ETH terms has started trending higher again since May, suggesting underlying network usage remains relatively resilient despite weaker price action,” Ye added.

Some ethereum treasury firms have not stopped their strategy, such as Bit Digital, which announced on Thursday purchasing 8,568 ethereum tokens for $20 million, bringing its total holdings to 158,461.75 tokens.

Meanwhile, other altcoins are also in the red, with solana and dogecoin dropping over 3% in the last 24 hours.

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