“Regulatory Clarity Fuels Surging Prices Across Ethereum’s Staking EcoSystem, with Layer-2 Tokens and Optimistic Rolup Projects Posting Double-Digit Weekly Gains.”, – WRITE: www.coindesk.com
Several Layer-2 Networks Have Also Been The Beneficiary of Eth’s Recent Ascent. Ethereum Scaling Solution Optimism’s Native Token (OP) Rose 8%in The Past 24 Hours to Cement A Weekly Gain of 13%, Rival Network Blast Also ExperienCed A Uptick of 6.3%.
Mantle, WHICH UNESS Optimistic Rollups to Process Transactions Off-Chain Before Setting Them On the Ethereum Mainnet, Was The Leader of the Pack, With The Mnt Token Jumping.
Mantle/USD (TradingView)
The stake sector in general has outperFormed the wider market, with ldo up 12.3% and Ethfi up 5.4% in the Past 24 Hours.
The Clarification Comes After A VERY BRIEF “Altcoin Season” Last Month That Led To A Series of Significant Moves for Altcoins Against Their Bitcoin Trading Pair.
The Sec’s Clarification on Liquid Staking Could Open the Floodgates to Institutional Capital, WHICH HAS BEEN OPEN TO INVESTING IN ASSETS LIKE Ether But Not Acquiing Regulatory Gray Area.
Rebecca Rettig, Part of Jito’s Legal Team, Hinted that Liquid Staking Tokens Could Become A Part of An Etf Following the Sec’s Announcement.
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Sygnum and Amina Banks Have Aded Sui Trading, Custody and Lending Products for Professional Investors.
- SUI IS TRADING AT $ 3.82 After Sygnum Bank Launched Custhody, Trading and Lending Services for Institutional Clients.
- Amina Bank Has Become The First Regulated Bank in the World to Support The Layer-1 Blockchain’s Native Token.
- Trading Volume Has Doubled As Buyers Steped in to Defend A Key Support Zone AROUND $ 3.73.
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