Crypto Chaos: Who’s Holding On?

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Well, folks, it’s been another wild week in the world of cryptocurrency. Despite the market taking a nosedive, the staked Ether supply has reached an all-time high. That’s right, over 28% of the token’s supply is now locked in exchange for passive income. It seems investors are holding on for dear life… or at least, for a decent return 🤑.

Publicly-traded companies are also getting in on the action, establishing corporate cryptocurrency reserves and signaling increased institutional adoption of digital assets beyond Bitcoin. It’s like they say, “when the going gets tough, the tough get going”… into crypto 🚀.

Nasdaq-listed Lion Group Holding (LGHL) announced plans to establish a $600 million crypto treasury reserve, with the Hyperliquid (HYPE) token as its main asset. Because, you know, what’s a little hype without a side of crypto 🤪.

The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency. It’s like a game of musical chairs, except instead of chairs, it’s Ether… and instead of music, it’s the sound of investors scrambling to get in on the action 🎶.

Over 35 million Ether (ETH) coins are now staked under the Ethereum blockchain’s proof-of-stake consensus model, according to data from Dune Analytics. That’s a lot of Ether… or as I like to call it, “a whole lotta crypto” 🤑.

Crypto asset managers have significantly expanded their holdings on blockchains since the start of the year, while institutions increasingly use decentralized finance as a back-end to their services. It’s like they say, “when the going gets tough, the tough get… creative with their financial instruments” 🤔.

And in other news, hackers behind a $100 million exploit of Iranian cryptocurrency exchange Nobitex released the platform’s complete source code, placing remaining user assets at risk. Because, you know, what’s a little hacking without a side of chaos 🤖.

Flare Network bridges XRP to DeFi to unlock dormant liquidity. Because, you know, what’s a little liquidity without a side of… well, more liquidity 💸.

And finally, Crypto derivatives exchange Deribit and spot exchange Crypto.com are accepting BlackRock’s tokenized US Treasury fund as trading collateral for institutional and experienced clients. Because, you know, what’s a little trading without a side of… tokenized Treasury funds 📈.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights, and education regarding this dynamically advancing space. And remember, when it comes to crypto, always keep your wits about you… and a sense of humor 😂.

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2025-06-20 21:08