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Tom Lee's BitMine pushes Ethereum into $8 billion staking backlog
๐ฐ sourcesโญ 9.0
TL;DR:
New validators now need to wait more than 44 days to start earning staking rewards, the biggest backlog since late July 2023.
Key Points:
Background:
Ethereum is the leading smart contract platform, enabling decentralized applications and DeFi protocols.
Why It Matters:
This development could influence ETH price action and market sentiment in the near term.