PANews reported on August 17th that the Ethereum blockchain validator exit queue has reached 897,599 ETH, a record high, according to data from validatorqueue.com. In response, Juan Leon, senior investmentPANews reported on August 17th that the Ethereum blockchain validator exit queue has reached 897,599 ETH, a record high, according to data from validatorqueue.com. In response, Juan Leon, senior investment
Analyst: Over 890,000 ETH awaiting redemption, which may intensify the selling pressure of ETH
PANews reported on August 17th that the Ethereum blockchain validator exit queue has reached 897,599 ETH, a record high, according to data from validatorqueue.com. In response, Juan Leon, senior investment strategist at Bitwise, suggested that the growing queue of ETH waiting to be unstaked may be the reason for the asset's recent pullback. After nearing a record high, ETH, the second-largest cryptocurrency by market capitalization, has lost hundreds of dollars in value in recent days.
Juan Leon explained that the queue of unstaked ETH could negatively impact the price of ETH. "Tokens like stETH can trade at a discount. This discount reduces their value as collateral, triggering risk reduction, hedging, and even liquidations, ultimately leading to a sell-off in ETH spot trading." Juan Leon added that as the redemption queue grows, some trades may close out, especially if the cost of borrowing ETH spikes. When this happens, "leveraged 'stETH loops' trades conducted through liquidity pools on DeFi protocols will no longer be profitable." Leon said: "Traders repay their loans by closing their positions and selling ETH, creating a synchronized selling pressure."
Market Opportunity
null Price(null)
--
----
USD
null (null) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?
The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
The whale "pension-usdt.eth" has reduced its ETH long positions by 10,000 coins, and its futures account has made a profit of $4.18 million in the past day.
PANews reported on January 14th that, according to Hyperbot data monitoring, the whale "pension-usdt.eth" reduced its ETH long positions by 10,000 ETH in the past
Share
PANews2026/01/14 13:45
Kalshi debuts ecosystem hub with Solana and Base
The post Kalshi debuts ecosystem hub with Solana and Base appeared on BitcoinEthereumNews.com. Kalshi, the US-regulated prediction market exchange, rolled out a new program on Wednesday called KalshiEco Hub. The initiative, developed in partnership with Solana and Coinbase-backed Base, is designed to attract builders, traders, and content creators to a growing ecosystem around prediction markets. By combining its regulatory footing with crypto-native infrastructure, Kalshi said it is aiming to become a bridge between traditional finance and onchain innovation. The hub offers grants, technical assistance, and marketing support to selected projects. Kalshi also announced that it will support native deposits of Solana’s SOL token and USDC stablecoin, making it easier for users already active in crypto to participate directly. Early collaborators include Kalshinomics, a dashboard for market analytics, and Verso, which is building professional-grade tools for market discovery and execution. Other partners, such as Caddy, are exploring ways to expand retail-facing trading experiences. Kalshi’s move to embrace blockchain partnerships comes at a time when prediction markets are drawing fresh attention for their ability to capture sentiment around elections, economic policy, and cultural events. Competitor Polymarket recently acquired QCEX — a derivatives exchange with a CFTC license — to pave its way back into US operations under regulatory compliance. At the same time, platforms like PredictIt continue to push for a clearer regulatory footing. The legal terrain remains complex, with some states issuing cease-and-desist orders over whether these event contracts count as gambling, not finance. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/kalshi-ecosystem-hub-solana-base
Share
BitcoinEthereumNews2025/09/18 04:40