unstaking

According to Lookonchain monitoring, FTX/Alameda has unstaked 194,861 SOL, worth 25.5 million USD. It is reported that FTX/Alameda unlocks SOL once a month.

Coinbase CEO Brian Armstrong posted on the X platform that currently, ETH unstaking takes a long time, and some protocols may require several weeks. Coinbase has developed a solution with three options available:Join the standard ETH unstaking queue, similar to on-chain stakers, with a maximum wait time of 38 days;Wrap staked ETH into cbETH, which has a liquidity market;Unstake immediately to access ETH assets right away, but a 1% fee on the unstaked amount will apply.

The Juipter community has released a new proposal to add an instant unstaking option for the JUP token, with a fee of 3%. Users can utilize this option without the standard 7-day waiting period. This mechanism will provide long-term staking incentives. The fees can be burned or transferred to the Litterbox or staking reward pool, benefiting the community and reducing the circulating supply.

ChainCatcher message, according to the data from the Ethereum staking website Validator Queue, the current amount of ETH queued for unstaking on the Ethereum network is 2,632,956 coins, with a current waiting time of 45 days and 17 hours.

ChainCatcher message, Ethereum staking tracking website Validator Queue data shows that the current amount of ETH queued for unstaking on the Ethereum network has surged to 2,040,329 coins, with a withdrawal delay currently reported at 35 days and 10 hours.Meanwhile, the current amount of ETH queued for staking is reported at 808,206 coins, with the current waiting time in the admission queue being 14 days and 1 hour.

ChainCatcher news, Trend Research, a secondary investment institution under LD Capital, stated in its latest report that the current institutional consensus-driven demand for ETH far exceeds the supply from unstaking, and believes that a long-term fully loaded unstaking situation is unsustainable.The further implementation of crypto-friendly policies in the future and Wall Street's consensus on the long-term value of ETH indicate that the "buying spree" for ETH has just begun. With the interest rate cut cycle approaching, Trend Research has raised its long-term target price for ETH, expecting ETH's market capitalization to surpass BTC in 1 to 2 bull-bear cycles.

ChainCatcher news, according to the on-chain analysis platform Lookonchain (@lookonchain), three wallet addresses suspected to belong to the same whale have unstaked 14,942 Ether (approximately 6.438 million USD) in the past hour and transferred these funds to Binance exchange.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa citing crypto KOL darkpool's analysis, the batch unstaking event of 620,000 ETH may be related to the massive withdrawal of ETH deposits from the Aave platform, which caused borrowing rates to soar. The large withdrawals of Aave ETH deposits in a short period led to skyrocketing borrowing rates, forcing loop players who were initially profiting from the interest rate spread to incur losses, and they were compelled to redeem stETH to deleverage, resulting in the current situation.Aave ETH borrowing APR once soared to 10%Lido $stETH's current exit waiting period has been extended to 21 days (normally within a week)There is still a nearly 0.4% discount for on-chain stETH to ETH exchangeRegarding the implementation of loop lending, Aave's collateralization rate for ETH is 93%, meaning that arbitrage players can even use up to 14 times leverage to gain interest rate spread profits, with an annualized return on principal reaching approximately ~7% under normal circumstances.

ChainCatcher news reports that, according to validatorqueue data, the Ethereum validator exit queue reached its longest waiting time in over a year on Tuesday, which may indicate that stakers are eager to withdraw after a significant rise in ETH prices.As of Tuesday afternoon in the U.S., approximately 519,000 ETH (valued at $1.92 billion at current prices) are queued to exit the network. This is the largest exit queue size since January 2024, leading to withdrawal delays extending beyond 9 days.Andy Cronk, co-founder of staking service provider Figment, stated, "When prices rise, people unstake and sell to lock in profits. We observe that both retail and institutional investors follow this pattern across multiple cycles." He added that large institutions may also trigger massive unstaking when changing custodians or wallet technologies.Despite the wave of unstaking, the market may not necessarily bear significant selling pressure—because the demand for staking from newly activated validators is also strong. Currently, there are 357,000 ETH (valued at $1.3 billion) waiting to enter the network, with the admission queue extending over 6 days, marking the longest record since April 2024. Some of the new demand may come from the ETH treasury fund. The U.S. SEC's declaration that staking is not illegal has further boosted institutional interest. Data shows that the number of active validators has increased by 54,000 since late May, reaching a historic high of nearly 1.1 million.

ChainCatcher news, according to Onchain Lens monitoring, a certain whale has unstaked 12,296 SOL (approximately 1.78 million USD). Four years ago, it withdrew 9,402 SOL (approximately 87,700 USD) from Binance and staked 9,205 SOL. Over the four years, this whale earned 3,091 SOL, with a profit of about 1.74 million USD.

ChainCatcher news, according to Onchain Lens monitoring, Cumberland DRW staked 48,182 SOL two hours ago, worth approximately 5.72 million dollars.

ChainCatcher message, Multicoin Capital co-founder Kyle Samani retweeted Anza Chief Economist Max Resnick's comments on "institutions dislike the queuing mechanism when unstaking Ethereum; institutions need a more certain time window."Kyle added, "After speaking with some ETF-related individuals, I can confidently say that Max is correct; the certainty of staking/unstaking times is key to the normal functioning of capital markets, and a dynamic queuing mechanism is not ideal."

ChainCatcher news, according to Lookonchain monitoring, a whale unstaked 1,366,028 SOL (worth $198 million) 7 hours ago and transferred it to FalconX.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Bybit's ETH multi-signature cold wallet was hacked, resulting in the theft of 514,000 ETH, worth $1.429 billion.The hacker has dispersed 490,000 ETH to 49 addresses (10,000 ETH each). Yu Jin added that another 15,000 cmETH is currently being unstaked by the hacker (with an 8-hour waiting period).

ChainCatcher message, Usual official stated that starting today, the income conversion feature for USUALx holders has been activated. Users holding USUALx positions within this week will be eligible for the distribution of last week's collateral income.The 1:1 early unstaking feature will go live tomorrow, along with all related rules, allowing users to choose farming and unstaking strategies.In the Usual ecosystem, income redistribution operations are transparent and simple:90% of the USUAL token supply is allocated to the community.100% of the collateral income is distributed weekly to USUAL stakers, rewarded at USD0.Detailed documentation on the distribution mechanism will be released this week. A new staking mechanism will be launched soon, aimed at creating a more autonomous and elegant redistribution system. Weekly reports will also be published, allowing everyone to verify on-chain income.

ChainCatcher news, RWA stablecoin issuer Usual announced on platform X that it has realized the significant reaction from the community due to its pegged stablecoin USD0++ deviating sharply from 1 dollar, and therefore will launch a series of measures to address user concerns and stabilize the ecosystem.It is reported that the "Revenue Switch" feature is set to launch on January 13, allowing Usual Protocol to share its earnings from real-world assets and protocol operations with the community. The team expects monthly revenue of about 5 million dollars, with an annual return rate exceeding 50% under current conditions. These distributions will occur weekly to reinforce the actual value of USUAL, balance its economic model, and the revenue generated by the protocol. (The Revenue Switch feature will officially activate when more than 50% of USUAL tokens are staked as USUAL x. If the requirement is not met, it will automatically activate on February 1, 2025. Once activated, 100% of the revenue (up to 5 million dollars per month) will flow to USUALx stakers in the form of USD0.)In addition, the Usual Protocol team also stated that it will launch the "1:1 Early Unstaking" feature next week, allowing users to exchange USD0++ at a rate of 1 dollar, but requiring them to forfeit part of their accumulated rewards as a penalty.

ChainCatcher message, according to Spot On Chain monitoring, in the past 7 days, Sun Yuchen's address has redeemed 39,999 ETH (140 million USD) from Lido Finance and ether.fi, and then deposited all of it into HTX.Since November 10, as the ETH price began to rise, he has deposited 108,919 ETH (400 million USD) into HTX at an average price of 3,674 USD, usually close to local peaks.Currently, he still has 42,904 ETH (139 million USD) being unstaked from Lido, which may soon be deposited into HTX.

ChainCatcher message, a proposal discussion initiated in Jupiter DAO titled "Introducing an Emergency Unstaking Mechanism for JUP". The proposal states, "The fixed 30-day unlocking period for JUP staking is a strong mechanism for locking supply and encouraging long-term commitment, but it can pose significant challenges in black swan events or unforeseen emergencies. Introducing an emergency unlocking option allows users to shorten the 30-day unlocking period by paying a penalty or fee, which can be added to the treasury or redistributed as staking rewards."