ETH Staking Chaos: Cathie Wood’s Scathing Blame Game! 😤

by

Oh, the ironies of our modern age! Ethereum, that digital chimera, sees its unstaking queue swell to an absurd 13 days, a record that would make even the most patient soul weep. Enter Cathie Wood, the shrewd oracle of ARK Invest, who, with a twinkle of sarcasm, points her finger at venture capitalists and treasury companies for this unholy “traffic jam.” And as the staked ETH share, having climbed to a dizzying 30%, now threatens to plummet, one can’t help but chuckle at the folly of it all. 😂

Who Pilfers the Ether? Cathie Wood’s Witty Accusation

In a world where fortunes rise and fall like leaves in autumn, Cathie Wood, CEO of ARK Invest, took to her vast audience of 1.8 million on X—formerly Twitter, that den of digital discourse—on this day, July 26, 2025, to lay bare the culprits behind the Ethereum unstaking frenzy. She attributes the madness to Robinhood’s tantalizing 2% deposit promo and the relentless greed of treasury companies and VC firms, who shift staked ETH like pawns in a high-stakes game. “As with other ventures,” she muses, exposing the underbelly of finance with a dash of irony. 😉

Robinhood dangling a 2% match for crypto transfers, and VCs along with other investors funneling staked ETH into Treasury companies (DATs) to double their gains once lockups end. Just like with MSTR and BMNR, these Treasury stocks let wirehouse advisors slip BTC and ETH exposure to their clients without a second thought. — Cathie Wood (@CathieDWood) July 26, 2025

Ah, Robinhood, that cunning fintech juggernaut, has unleashed a promo as irresistible as forbidden fruit: transfer your crypto in July 2025, and receive a 2% bonus, provided you’ve committed to their gold subscription for a year. It’s a scheme that lures the unwary into the fray, all while the digital coffers empty. 😏

Yet, the true architects of this chaos are the corporate titans hoarding cryptocurrencies. Through their penny stock facades, companies like these offer traditional finance aficionados a taste of Bitcoin and Ethereum without the mess of actual ownership. Enter Joseph Lubin’s SharpLink Gaming (SBET) and Tom Lee’s Bitmine Immersion (BMNR), paragons of this new breed, holding more ETH than the Ethereum Foundation itself. Led by luminaries from ConsenSys and Fundstrat, they embody the spirit of opportunism, allowing stock traders to ride ETH’s waves from the safety of paper assets. What a farce! 😂

ETH Staking Saga: A Record-Breaking Farce

Behold the validator queue tracker, that unflinching chronicler of digital excess: today, the unstaking queue stretches to 12 days and 18 hours, demanding the release of 733,621 ETH—equivalent to $2.76 billion at today’s whims. To put this in perspective, it’s a full 50% worse than the last record set in early 2024, a testament to human greed and technological hubris. The network soldiers on with 1,092,991 active validators staking 35.6 million ETH, comprising 29.48% of the supply. And the APR? A paltry 2.97%, victim to the overcrowding of this once-lucrative ecosystem. How the mighty have fallen! 😱

Read More

2025-07-26 13:12