DeFi· ★★★· bullish·

Binance Moves 50,000 ETH to Beacon Deposit to Expand Staking

  • —Binance sent 50,000 ETH to its Beacon Deposit contract for staking
  • —Ethereum Foundation moved 50,000 ETH to a multisig wallet
  • —Both transfers aim to boost staking participation and DeFi activity
Why it matters: Higher staking participation reduces ETH's free float and supports activity across the DeFi ecosystem.
#ETH
Source: Coinfomania
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