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Analysis: Is Coinbase’s Shady Staking Affecting Ethereum’s Price?


by Maxwell Mutuma
for CoinEdition
Coinbase Staking Questions Linger as ETH Tests Key Support
  • Coinbase’s lack of ETH staking transparency raises concerns about its custody structure.
  • Ethereum’s key support at $2,685-$2,690 must hold to prevent a drop to $2,650.
  • ETH’s RSI at 43.14 suggests a neutral trend, but MACD hints at a potential reversal.

Coinbase, the largest Ethereum staking custodian, has consistently avoided disclosing information on its staked ETH holdings for the past five quarters. And now, estimates suggest Coinbase manages approximately 21% of all staked ETH, making its lack of transparency a significant concern. 

Despite calling itself a transparent entity, Coinbase has not provided details on its staked ETH, cbETH backing, or cbBTC reserves. This has raised doubts about the integrity of its staking operations, particularly as its address rotation and custody structure make tracking more challenging.

Coinbase’s Transparency Issues & Staking

Tracking Coinbase’s staked ETH has proven

The post Analysis: Is Coinbase’s Shady Staking Affecting Ethereum’s Price? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past

Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past

Ethereum’s price chart is showing a striking similarity to its 2021 market structure,...
Ethereum Price Prediction: ETH Reclaims $2,480 as Bulls Eye Breakout Zone

Ethereum Price Prediction: ETH Reclaims $2,480 as Bulls Eye Breakout Zone

After bouncing from a weak low at $2,200 earlier this week, the Ethereum price today ...

Analysis: Is Coinbase’s Shady Staking Affecting Ethereum’s Price?


by Maxwell Mutuma
for CoinEdition
Coinbase Staking Questions Linger as ETH Tests Key Support
  • Coinbase’s lack of ETH staking transparency raises concerns about its custody structure.
  • Ethereum’s key support at $2,685-$2,690 must hold to prevent a drop to $2,650.
  • ETH’s RSI at 43.14 suggests a neutral trend, but MACD hints at a potential reversal.

Coinbase, the largest Ethereum staking custodian, has consistently avoided disclosing information on its staked ETH holdings for the past five quarters. And now, estimates suggest Coinbase manages approximately 21% of all staked ETH, making its lack of transparency a significant concern. 

Despite calling itself a transparent entity, Coinbase has not provided details on its staked ETH, cbETH backing, or cbBTC reserves. This has raised doubts about the integrity of its staking operations, particularly as its address rotation and custody structure make tracking more challenging.

Coinbase’s Transparency Issues & Staking

Tracking Coinbase’s staked ETH has proven

The post Analysis: Is Coinbase’s Shady Staking Affecting Ethereum’s Price? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past

Why Today’s Ethereum Price Surge Has Analysts Pointing to the Past

Ethereum’s price chart is showing a striking similarity to its 2021 market structure,...
Ethereum Price Prediction: ETH Reclaims $2,480 as Bulls Eye Breakout Zone

Ethereum Price Prediction: ETH Reclaims $2,480 as Bulls Eye Breakout Zone

After bouncing from a weak low at $2,200 earlier this week, the Ethereum price today ...