Staked Ether hits all-time high as institutional adoption grows, positive for market.

From Cointelegraph

June 20, 2025 2:00 PM:

Despite a tough week for the crypto market, staked Ether hits all-time high with over 28% of supply locked for passive income. Nasdaq-listed Lion Group Holding plans $600 million crypto treasury reserve with Hyperliquid token as main asset. Staked ETH reaches 35 million, signaling investor confidence and decreasing liquid supply.

Crypto-native asset managers quadruple on-chain holdings since January, growing from $1 billion to over $4 billion. Two-thirds of market share held by Gauntlet, Steakhouse Financial, and Re7. DeFi protocols boost institutional confidence in crypto as US supports sector, expanding DeFi opportunities for major firms.

Nobitex exchange hacked for $100 million by pro-Israel group, who leaked source code, risking user assets. Hackers target exchange for ties to Iran government and violating international sanctions. Source code includes security measures and internal files, putting remaining assets at risk.

Flare Network connects XRP to DeFi with XRPFi ecosystem, leveraging Flare’s bridging and smart contract tech. FAssets creates collateralized representations of non-smart-contract assets like XRP. FXRP allows XRP holders to earn staking yields and passive income while maintaining liquidity.

Deribit and Crypto.com accept BlackRock’s BUIDL tokenized US Treasury fund as trading collateral for institutional clients. Coinbase acquires Deribit in $2.9 billion deal, expanding utility of BUIDL fund. Tokenized US Treasury products offer yield-bearing properties, alternative to stablecoins, reflecting merger of crypto with legacy finance.

Read more at Cointelegraph: Staked Ether Hits Record, Driven by Corporate Crypto Treasury Adoption