Grayscale Stakes 57,600 ETH Worth About $121.62 Million via Coinbase
OnchainLens says the asset manager moved 57,600 Ether into staking (locking crypto to earn rewards) through Coinbase, indicating a large-scale yield-generating allocation.
ETH
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Terms & Concepts
staking: Locking cryptocurrency to help support a blockchain network and earn rewards in return.
Ether: The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and staking.
on-chain: Activity recorded directly on a blockchain, allowing transfers and other actions to be publicly tracked.