Coinbase has announced a temporary pause on issuing Ethereum (ETH) staking reward payouts due to an issue with ETH rewards becoming stuck. The exchange is currently investigating the issue and expects to resolve it within 48 to 72 hours. Additionally, a significant number of withdrawals were also stuck in the withdrawal queue, putting pressure on most ETH-staking platforms. Despite the recent Ethereum Shapella upgrade having positive implications for ETH holders, the ability to withdraw staked ETH remains a challenge for some platforms. Coinbase has recently received over 53,400 ETH deposits, with a significant portion coming from its cbETH deposit address.

Lido, a leading liquid staking platform, has launched its V2 upgrade on the mainnet, which includes two major components. The most user-facing aspect of the upgrade is the ability for Ethereum stakers with Lido to directly unstake ETH through the protocol. Lido now has a withdrawals page where users can deposit their stETH tokens to receive ETH in return.

Crypto lender Celsius has moved its Ethereum staking tokens from Lido, which recently enabled withdrawals, according to on-chain data. The transfer of 428,015 stETH, worth $781m at the time, was made on 15 May. Some observers believe the move was in preparation for withdrawal. Celsius could be "lining up for staking directly without Lido in the middle", said Bitcoin pioneer and Celsius creditor Simon Dixon. Meanwhile, Lido accounts for 29% of all staked Ethereum, or 6.27 million ETH valued at around $11.3bn.

Crypto lender Celsius, which recently filed for bankruptcy, has resumed staking Ethereum. According to data from Arkham Intelligence, Celsius staked 30,800 ETH, worth $56.9 million, via staking solutions provider Figment in the past week. The reason behind this deposit is currently unknown, but Celsius remains one of the biggest firms with a staked ETH portfolio, holding 410,378 staked ETH worth $749.37 million. The total number of staked ETH has reached a new all-time high of 21.62 million worth $39.5 billion, as staking deposits have surpassed withdrawals.

Cryptocurrency investors looking to profit from their ether (ETH) holdings must wait almost a month before they can establish themselves as validators on the Ethereum network. Data from two sources showed that the waiting times to lock ether remain at 640 hours, or around 26 days. However, leaving the network takes only 0.013 hours, or less than a minute. Validators are entities within a proof-of-stake blockchain, such as Ethereum, that process transactions and help maintain the overall security of these networks. According to the data, there were around 50,000 validators in a "queue" waiting to enter the network in May.

According to a report by Nansen, the selling pressure of Ethereum's native token, ether (ETH), following the Shanghai upgrade was a "non-event". The upgrade enabled staking redemptions for the first time and since then, ETH staking deposits have surpassed withdrawals, resulting in the number of staked ETH climbing to an all-time high of 19.55 million. Despite the decrease in the price of ETH since the upgrade, withdrawals have been minimal and have been matched with inflows, indicating strong overall confidence from investors in the network and the asset itself. The majority of withdrawn ETH sent to centralized exchanges is not primarily for selling, but for the exchange's internal operations.

Ethereum's staking rewards rate has reached a new post-Merge record of 8.6% this week, with validators earning a total income of $46 million in the first week of May. This increase in rewards is due to the recent memecoin frenzy driving up on-chain gas fees. As gas fees rise, validators benefit from higher fee income from processing transactions, in addition to their regular validator rewards. Currently, there are over 19 million ether staked on the network by 560,000 validator entities, which is valued at $34 billion.

Liquid staking provides all of the benefits of traditional staking services while unlocking the value of staked assets for use as collateral across the DeFi ecosystem.

According to an Ethereum expert, ETH staking can reveal sensitive information about the staker. Bankless podcast discussed what comes after Ethereum Shapella upgrade.

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