2 weeks ago
The U.S. Securities and Exchange Commission's (SEC) clarification around liquid staking continued to assistance plus prices crossed the staking assemblage this week, with ETH rising to $4K for the archetypal clip since December connected Friday.
Several layer-2 networks person besides been the beneficiary of ETH's caller ascent. Ethereum scaling solution Optimism's autochthonal token (OP) roseate 8% successful the past 24 hours to cement a play summation of 13%, rival web Blast besides experienced a uptick of 6.3%.
Mantle, which uses optimistic rollups to process transactions off-chain earlier settling them connected the Ethereum mainnet, was the person of the pack, with the MNT token jumping by 50% successful the past week.
The staking assemblage successful wide has outperformed the wider market, with LDO up 12.3% and ETHFI up 5.4% successful the past 24 hours.
The clarification comes aft a very little "altcoin season" past period that led to a bid of important moves for altcoins against their bitcoin trading pair.
The SEC's clarification connected liquid staking could unfastened the floodgates to organization capital, which has been unfastened to investing successful assets similar ether but not acquiring a output done DeFi owed to it antecedently being a regulatory grey area.
Rebecca Rettig, portion of Jito’s ineligible team, hinted that liquid staking tokens could go a portion of an ETF pursuing the SEC's announcement.
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