Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto: BitMine Immersion Technologies has staked another 82,560 Ether, a crypto executive stresses that the US CLARITY Act requires time to be done correctly. Meanwhile, hundreds of wallets on Ethereum Virtual Machine blockchains were drained in a broad exploit.
BitMine Immersion Technologies has added another 82,560 Ether, worth roughly $259 million, to Ethereum’s staking system, intensifying congestion in the network’s validator entry queue as institutional demand for yield continues to build.
Data from Arkham shows that the Ether (ETH) treasury firm sent multiple large deposits to Ethereum’s BatchDeposit contract within the past few hours. With the new stake, BitMine’s total staked ETH has climbed to 544,064 Ether, valued at approximately $1.62 billion at current prices, according to onchain analyst Lookonchain.
