02:01
Data: Ethereum staking volume saw a net decrease of 43,873 ETH in the past week, equivalent to approximately $178 million
According to ChainCatcher, on-chain data shows that over the past week, the total amount of staked Ethereum dropped from 35.651 million to 35.607 million, a net decrease of 43,873 ETH, valued at approximately $178 million. As of press time, the Ethereum PoS network's exit queue stands at 916,647 ETH, remaining at a historically high level.
01:57
Multiple Crypto Industry Associations Jointly Support the Nomination of Brian Quintenz as US CFTC Chairman
According to a report by Jinse Finance, crypto journalist Eleanor Terrett has revealed that Brian Quintenz, the nominee for Chairman of the U.S. Commodity Futures Trading Commission (CFTC), is currently meeting with members of the crypto industry. This comes after the White House paused his confirmation hearing before the Senate Agriculture Committee for about three weeks. Several industry associations, including the Digital Chamber, Blockchain Association, Crypto Council, and DeFi Fund, are preparing to submit a joint letter to the President in support of Quintenz. The letter states that these organizations have had the privilege of working with Quintenz and can attest to his deep expertise, sound judgment, proven leadership, and integrity.
01:52
Bitget Implements Chainlink Proof of Reserves Solution to Enhance BGBTC Asset Transparency
ChainCatcher reports that Bitget has announced the adoption of a Proof of Reserve solution powered by Chainlink technology, providing real-time transparency and verifiable reserve backing for its Bitcoin-pegged asset, BGBTC. According to available information, the Chainlink Proof of Reserve solution autonomously verifies the reserve balances behind tokenized assets through a decentralized oracle network, bringing real-world reserve data on-chain. This allows BGBTC’s reserve backing to be independently audited at any time without relying on manual disclosures. Additionally, this mechanism will further support the use of BGBTC in BitVault Finance’s DeFi yield strategies and lending products, enabling both retail and institutional users to confirm that the reserves behind the asset are under continuous monitoring. Bitget CEO Gracy Chen stated, “Transparency is crucial in the digital asset industry. By adopting Chainlink’s Proof of Reserve solution, we provide stronger trust assurances for retail users and institutional partners, ensuring that BGBTC is always backed by verifiable assets.”