An $8B Ethereum staking backlog (~2.6M ETH in entry queue, ~45-day wait) signals surging demand amid zero exits and institutional inflows (e.g., BitMine). Potential impact: As this 7% supply increase activates, total staked ETH (36M) rises, diluting rewards and pressuring APR lower (current ~2.8-3%). Waiting time trend: Queue at multi-year highs (longest since 2023); persistent net inflows and no exits suggest growing backlog and extending waits beyond 45 days, unless yields drop enough to curb demand.
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Block Street (@BlockSt_HQ) is a DeFi infrastructure for tokenized stocks/ETFs, raising $11.5M led by Hack VC (no confirmed Solana Ventures backing). Its testnet features invite-only access with codes, creating high scarcity—limited to control participation and boost potential airdrop rewards (earn BSD via trades, daily logins, shares, referrals). To get invites: Scan recent X posts for shared codes (e.g., MJhA7B, CaCjw6); join Discord (search community links), verify, stay active for roles; invite friends (+15 BSD each). Note: Geo-restrictions may block access in some regions.
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Morgan Stanley's January 2026 filing for a spot Ethereum ETF with staking rewards boosts institutional ETH demand uniquely, unlike BTC ETFs lacking yield. This catalyzes disproportionate ETH inflows, likely pushing the ETH/BTC ratio higher (from current ~0.05-0.06 levels). Short-term volatility may spike on speculation; long-term, deeper liquidity could dampen fluctuations. Staking impact: ETF-driven institutional staking increases total staked ETH (currently ~34%), spreading rewards thinner and pressuring yields lower (from ~3-4% toward 2-3% over time).
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