Ethereum News: Lukka and CoinDesk Indices Launch Composite Ether Staking Rate

A new benchmarking tool for Ethereum staking performance has been introduced through a partnership between Lukka and CoinDesk Indices.

Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate

U.S.-based digital asset data provider Lukka has partnered with CoinDesk Indices to integrate the Composite Ether Staking Rate (CESR) into its offerings. The CESR will capture the mean annualized staking yield earned by Ethereum validators, including consensus incentives and priority transaction fees. Financial institutions, asset managers, and analysts can use the CESR as a benchmark for relative ether staking performance. Alan Campbell, president at CoinDesk Indices, said the collaboration with CoinFund on CESR delivers a critical benchmark for Ethereum staking, offering institutions a trusted and standardized rate. Dan Husher, chief data product officer at Lukka, added that the deal illustrates a higher standard for institutional crypto data.

HYPE Token Drops as Leveraged Trade Sparks $4 Million Loss for Hyperliquid

Decentralized exchange Hyperliquid announced that a user was able to profit $1.8 million on a highly Leveraged Ethereum trade before it was liquidated. The trade, which relied on 50x leverage, resulted in a $4 million loss for the Hyperliquidity Provider (HLP) vault. Hyperliquid emphasized that the $285 million Ethereum trade was not due to a protocol exploit or hack.

Ethereum Price Prediction: Potential Drop Below $1,000 and Investors’ Shift

The pressure of current market conditions has intensified against Ethereum. Current trends suggest ETH will drop below $1,000, having lost more than 50% of its value since previous months. Investors are divided between predicting a recovery and seeking superior alternatives. As this stand-off continues, investors are noticing Remittix (RTX) due to its practical applications and stable nature. Ethereum’s price action raises concerns about a prolonged downtrend, sparking debate among experts. Once a favorite for bullish predictions, ETH has struggled to maintain momentum, forcing some investors to rethink.

Skyren DAO’s Yield Strategy Beckons as Ethereum Falls Below $2,300

Ethereum is facing one of its most significant price corrections in months, slipping below $2,300 after weeks of market instability. A significant factor in Ethereum’s price drop is the recent theft of $1.5 billion worth of ETH from the Dubai-based crypto exchange, Bybit. This heist, attributed to North Korean-backed hackers known as the Lazarus Group, has shaken confidence in the security of cryptocurrency exchanges. Geopolitical tensions and economic policies have also impacted the cryptocurrency market. For instance, President Donald Trump’s proposal to impose 25% tariffs on Mexico and Canada has sparked fear, contributing to a significant market sell-off.