Nansen observes that the amount of ETH staked with LSD providers such as Lido Finance, Rocket Pool, Frax Finance and Stakewise continues to increase each month.
"ETH staked with LSDs continues to hit all-time highs. May broke the previous monthly high, and the amount of ETH staked with LidoFinance, Rocket Pool, Fraxfinance, and Stakewise continues to increase each month," Nansen tweeted. This comes despite the SEC's crackdown on staking, first with the Kraken crypto exchange, which later settled with the SEC by agreeing to shut down its U.S. cryptocurrency staking service and pay $30 million in penalties.
In a fresh regulatory crackdown, Coinbase was accused of violating securities laws with its staking program by some U.S. state regulators.Ethereum major moves spotted in last 24 hours At the time of writing, Ethereum was rebounding with the rest of the market, marginally up in the last 24 hours to $1,843.reports large Ethereum moves in the last 24 hours. It noticed that Cumberland, a trading firm, withdrew 20,000 ETH worth $37 million from Coinbase and then 4,850 ETH worth $9 million from Binance.
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