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Celsius Network's $800 Million Ether Staking Strategy Change Stretches Ethereum Validator Queue – Here's What You Need to Know

Now-defunct crypto lender Celsius Network has caused a stir with changes in its ETH staking strategy, exacerbating the already elongated queue to activate new validators on the Ethereum network. Over a period of two days...

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Celsius Network's $800 Million Ether Staking Strategy Change Stretches Ethereum Validator Queue – Here's What You Need to Know
Now-defunct crypto lender Celsius Network has caused a stir with changes in its ETH staking strategy, exacerbating the already elongated queue to activate new validators on the Ethereum network. 
Over a period of two days, Celsius transferred ETH into staking contracts after redeeming nearly $813 million of staked ETH from Lido Finance. The company has deposited $745 million of ETH since early June, according to data provided by Arkham Intelligence. ...
Read More: Celsius Network's $800 Million Ether Staking Strategy Change Stretches Ethereum Validator Queue – Here's What You Need to Know

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This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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