Staked Ethereum (stETH)

Sun’s latest ETH buy stirs positive sentiment across crypto markets thanks to Deja Vu to February’s moves.

stETH withdrawals still have to be processed.

Celsius is among the largest potential stETH withdrawers.

Over 49,000 new validators are waiting to enter the active validator set on Ethereum.

Stakers will soon be able to swap stETH for ETH for the first time since 2020.

Millions of ETH are set to enter the crypto market.

The attacker behind the February 2022 Wormhole exploit has moved $155 million, converting the funds to staked Ether.

The current APY for staked ETH fluctuates at around 4-5%.

The bank aims to meet the growing demand from institutions to manage a range of digital asset yield use cases.