Celsius Network's $800 Million Ether Staking Strategy Change Stretches Ethereum Validator Queue - Here's What You Need to Know

Now-defunct crypto lender Celsius Network has caused a stir with changes in its ETH staking strategy, exacerbating the already elongated queue to activate new validators on the Ethereum network. Over a period of two days, Celsius transferred ETH into staking contracts after redeeming nearly $813 million of staked ETH from Lido Finance. The company has deposited $745 million of ETH since early June, according to data provided by Arkham Intelligence. ...