This is a news story, published by CoinGape, that relates primarily to ETH news.
For more crypto trading & speculation news, you can click here:
more crypto trading & speculation newsFor more news from CoinGape, you can click here:
more news from CoinGapeOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about
Ethereum staking. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest broader crypto industry news, cryptocurrency exchanges news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Total Ethereum StakedCoinGape
•64% Informative
More than 28% of the total ETH is now staked with 28% locked.
This is driving a depletion in the supply on trading platforms drawing inferences of scarcity.
This kind of high staking percentage could trigger intense scarcity for ETH in the market.
Spot Ethereum ETF approval finally came on May 23 and trading commenced two months after on July 23 .
Spot ETH ETF approval is expected to boost demand for ETH .
VR Score
42
Informative language
26
Neutral language
63
Article tone
formal
Language
English
Language complexity
45
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
4
Affiliate links
no affiliate links